Wall Street lenders beat earnings estimates as investment banks rebound October 16, 2024 Morgan Stanley, Goldman Sachs, Bank of America and Citigroup all surpassed analysts' estimates for their third-quarter earnings, helped by renewed strength in their investment banks.
US inflation comes in above expectations following hot jobs report October 10, 2024 US inflation came in slightly above expectations in September, bolstering the case for a slower pace of rate cuts over the coming months. Figures from the Bureau of Labor Statistics showed that the headline rate of inflation fell to 2.4 per cent in September, down from 2.5 per cent last month but slightly ahead of [...]
Why Panama is an undiscovered wonder for nature lovers October 9, 2024 I spot a cayman a couple of metres away on the umber riverbank. It is as still as a park bench, its jaws wide open. I’m not describing a Porsche Cayman with its bonnet up awaiting a recovery truck, I’m talking about a crocodile with a hungry look in its eyes. It surveys me with [...]
Tories must take the Sabrina Carpenter approach to get back on top October 8, 2024 Sabrina Carpenter worked for a decade to become an overnight success. Likewise, if the Tories want to turn their fortunes around, the hard work on policy starts now, says Emma Revell It wasn’t quite a Taylor Swift moment. Keir Starmer wasn’t scrounging for hospitality tickets, for one thing. But it certainly felt like I was [...]
US inflation to take centre stage after bumper jobs report October 6, 2024 Economists expect the headline rate to fall to 2.3 per cent from 2.5 per cent, which would leave inflation at its lowest level since February 2021.
Labour MP defends Chancellor’s decision to rule out wealth tax October 5, 2024 One of the rising stars of the new intake of Labour MPs has defended Chancellor Rachel Reeves’ decision to rule out a wealth tax against the richest. Torsten Bell, a former Treasury official and chief executive of the economic think tank Resolution Foundation, said a wealth tax would not raise “significant revenues”. Reeves has previously [...]
Wall Street claws back week’s losses thanks to strong jobs report October 5, 2024 US stocks rallied on Friday after a surprisingly strong report on the US job market raised optimism about the economy. The S&P 500 climbed 0.9 per cent and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8 per cent, to set its own record, while [...]
Pound sterling set for worst week all year as markets reassess path for interest rates October 4, 2024 The decrease has knocked sterling from its remarkably strong start to the year, which has seen it outperform all other major currencies.
US economy remains in rude health as jobs growth surpasses expectations October 4, 2024 The US economy shrugged off any suggestion that it was on the cusp of a major downturn with a jobs report that blew past all estimates. New figures showed that the US economy added 254,000 jobs in September, well ahead of the 150,000 expected by economists and a big acceleration on last month’s figure of [...]
NFL: How data can help drive down concussion and injuries October 1, 2024 The NFL has a long and complex relationship with brain injuries and concussions. In 2021 a $1bn settlement saw the American football league agree to end race-based adjustments in dementia testing relating to black retirees. Just over a decade ago the New Orleans Saints were caught up in “Bountygate” after awarding their players non-contract bonuses [...]