FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
US inflation falls to lowest level since February 2021 as Fed prepares to cut interest rates September 11, 2024 US inflation fell to its lowest level since February 2021 in August, new figures show, but core prices rose faster than anticipated. Figures from the Bureau of Labor Statistics showed that inflation fell to 2.5 per cent in August, down from 2.9 per cent the month before and in line with expectations. Prices increased 0.2 per [...]
Hawksmoor’s Will Beckett is ready to take on the American steakhouses September 10, 2024 Ali Lyon sits down with Hawksmoor boss Will Beckett to discuss the restaurant's plans to win over the land of steakhouses
Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
US employment up after disappointment last month as interest rate cut awaits September 6, 2024 A key indicator for the health of the US economy has come in at a disappointingly stagnant rate, as experts mull over whether it could tip the balance of a recession, or impact the recent indication of interest rate cuts. The US Bureau of Labor Statistics released in monthly figures this afternoon, showing the number [...]
Innovate UK cuts prove women are still being told entrepreneurship isn’t for them September 6, 2024 As half the promised number of female founders are awarded funding from Innovate UK, women are still facing too many barriers in tech, says Camilla de Coverly Veale Heist movies are famous for the double cross reveal – but last weekend we weren’t at the movies when a heist was revealed and 1450 female founders found themselves [...]
Traders up bets on 50 basis point cut as US labour market continues to loosen September 5, 2024 August's rate of job growth was the slowest since January 2021 and was down from 110,000 the month before.
Pound’s rally fades ahead of crucial US jobs data September 3, 2024 The pound’s stunning rally has stalled as traders look for direction amid a quiet week in the data calendar for the UK. Sterling was trading 0.2 per cent lower against the dollar at around $1.311 having lost over one per cent against the greenback in the past five days. The dollar has been trading around [...]
How much has Scottie Scheffler earned after Tour Championship win? September 2, 2024 It’s been an incredible season for Scottie Scheffler. The world No1 golfer on Sunday won the Tour Championship to add to his second Masters title, second Players Championship title, becoming a father and the brief spell he spent in jail back in May. And how much has he banked this season as a result of [...]
Pound set to continue surge against dollar as interest rate cuts slow September 2, 2024 The pound is set to be one of the world's top-performing major currencies this year, according to Bank of America, amid expectations of “above trend growth” in the UK economy and slower interest rate cuts,