Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
US Fed points finger at Trump-era rollback for SVB demise April 29, 2023 The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. Amid the turmoil that Silicon Valley Bank’s implosion unleashed on the financial system last month, some Republicans [...]
FTSE 100 close: Barclays surge fails to prevent losses on London index April 27, 2023 London’s FTSE 100 slipped today, pushed lower by investors wobbling over concerns about the health of the global economy amid banking and interest rate fears. The capital’s premier index dropped 0.27 per cent to 7,831.59 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed [...]
US economic growth slows in first quarter as weekly jobless claims fall April 27, 2023 U.S. economic growth slowed more than expected in the first, despite an increase in consumer spending, and activity is set to moderate further as the effects of higher interest rates spread. Gross domestic product increased at a 1.1 per cent annualized rate last quarter, the Commerce Department said in its advance estimate of first-quarter GDP growth on Thursday. [...]
Dixon and Daughters at National Theatre: A harrowing tale of abuse April 27, 2023 It’s easy to get sniffy about soap operas but there’s an undeniable value to those nightly instalments of drama that shine a powerful light on the minutia of modern life. Dixon and Daughters, a new play by Deborah Bruce, brings to mind the very best of soap opera, from its domestic setting to the complex [...]
Short seller issues fresh warning to Labour MP after suggesting Kremlin links April 27, 2023 Labour MP Liam Byrne has come under fresh pressure from City short-seller Fraser Perring today after failing to cough up evidence for his allegations the investor was acting on behalf of the Russian state.
Surprise price surge sees Bitcoin back above $28,000 as another US bank sends up a distress flare April 26, 2023 It’s unclear what pushed the price of Bitcoin past $28k but last night's rally follows First Republic Bank reporting a loss of $100 billion.
Price of Bitcoin continues its sideways shuffle April 25, 2023 Bitcoin continues to drift around $27k, while Ethereum is down 1.7% from yesterday, having now pulled back 13% from last week’s highs.
May bank holiday traffic: 17 million car journeys in ‘busiest weekend’ since 2016 April 25, 2023 Traffic levels are set to soar, with this weekend set to be the busiest since 2016, according to research conducted by the RAC and transport analytics firm Inrix. Over 17 million journeys will take place over the long weekend, beating the 14.6 million predicted for the King’s coronation, as Brits opt to watch the event [...]
Bitcoin could top £80,000 by next year, Standard Chartered says April 24, 2023 Bitcoin could surge to $100,000 by the end of next year as central bankers ease interest rates and a so-called “crypto winter” thaws, according to analysts Standard Chartered.