Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
Moving markets today: What’s shaping the FTSE 100 this morning February 16, 2024 The S&P 500 hit a record high despite big tech losses, while the Nikkei reached new heights and oil remained stable. Investors awaited the release of UK retail sales and US PPI data.
FTSE 100: London markets rise as UK recession and poor retail sales bolster hope for interest rate cuts February 15, 2024 The UK economy shrunk 0.1 per cent in December meaning it contracted 0.3 per cent over the fourth quarter of last year, a worse performance than economists had expected.
US retail sales tumble 0.8 per cent as consumers finally show signs of stress February 15, 2024 American consumers are finally showing signs of stress as US retail sales dropped by 0.8 per cent in January, below expectations of a 0.2 per cent drop. In the largest decrease for retail sales since March 2023, the US Census Bureau reported that American consumers spent $700.3bn last month, compared to $706.2bn in December. After [...]
The Hills of California review: Can it live up to Jerusalem? February 15, 2024 The Hills of California takes place not in the hills of California but the backstreets of Blackpool. It’s set in the Sea View hotel, a sad, crumbling place that has no view of the sea. As you may already be gathering, the latest work from Jez Butterworth, the playwright behind blockbuster works including Jerusalem and [...]
Moving markets: Five things shaping the FTSE 100 today February 15, 2024 Asian markets rose in line with Wall Street's momentum. Uber, Lyft, and Nvidia drove the S&P 500, while Bitcoin surpassed $52,079. Japan entered a recession, drawing attention to the UK Q4 GDP and U.S. retail sales.
More rail strikes on the way as Northern and LNER train drivers to walk out in March February 14, 2024 Northern and LNER train drivers will strike in March in yet more disruption for Brits after a series of walk-outs in February.
US inflation comes in ahead of expectations on higher housing costs February 13, 2024 US inflation came in ahead of expectations in January due to elevated housing costs, making it more likely that the US Federal Reserve will wait until the summer to start cutting interest rates. Figures from the Bureau of Labor Statistics showed the consumer price index (CPI) picked up to 0.3 per cent month-on-month in January. Economists had [...]
FTSE 100 today: London markets set for muted start amid thin Asian holiday trade February 12, 2024 Australia's equities slip, while Asian markets remain closed for holidays; Bitcoin surges, and gold pauses in light trading. Eyes are on Tuesday's U.S. inflation report and Fed speeches.
Bank of England staff fed up with ‘rewards’ – despite £25m bonus payouts and inflation botch-job February 9, 2024 Staff at the Bank of England have reportedly taken issue with their salaries, according to an internal survey, as Parliament warns that much bigger pay packages in the private sector could draw away top talent.