Retail sales in the UK hit a two-year high in August, as shoppers spent more on food, summer clothing, and seasonal discounts, providing a boost to the high street. Annual retail sales volumes jumped by 2.5 per cent, exceeding forecasts of a 1.5 per cent rise, according to the Office for National Statistics (ONS). This marks the strongest performance since ...
The UK’s borrowing bill once again exceeded expectations in August, adding pressure on Chancellor Rachel Reeves ahead of Labour’s first budget on 30 October. Official data from the Office for National Statistics (ONS) revealed that public sector net borrowing hit £13.7 billion last month, well above the £11.2 billion forecast by the Office for Budget Responsibility (OBR). This pushed the ...
The pound surged to its highest level since March 2022, breaking through the $1.33 mark, after the Bank of England decided to keep interest rates steady at 5 per cent and signalled a gradual approach to monetary loosening. Sterling rose by as much as 0.7 per cent against the dollar, hitting $1.331, following the Bank’s decision on Thursday. The currency ...
In an era defined by relentless evolution, digital marketing is driven by a constant surge of innovation. Over the last ten years, the industry has morphed from basic banner ads to intricate, data-powered campaigns that tap into consumer behaviour in ways never imagined before. Amid this whirlwind of change, UK-based agencies have emerged as trailblazers, not just riding the waves ...
The U.S. will host an artificial intelligence (AI) safety summit in November, aiming to further align top nations on their tech goals and priorities of collaboration among the international community. ‘AI is the defining technology of our generation,’ U.S. Secretary of Commerce Gina Raimondo said in a press release. ‘With AI evolving at a rapid pace, we at the Department ...
Israeli officials on Thursday were warning residents in the north to stay inside or remain near bomb shelters after the Israeli Air Force (IAF) struck hundreds of Hezbollah military targets inside Lebanon. The IAF, using intelligence from the Israeli Defense Forces (IDF), struck some 100 launchers and additional ‘terrorist infrastructure sites’ comprising about 1,000 barrels. Israeli officials said these barrels ...
A group of Democratic lawmakers is calling for the U.S. to restore funding to a controversial United Nations agency that supports much-needed humanitarian aid to Palestinian refugees but faced accusations that some of its employees participated in the Oct. 7 attacks on Israel. Speaking at a press conference outside the U.S. Capitol on Thursday afternoon, Democratic Reps. André Carson of ...
On August 5, we featured Carvana (CVNA), which at the time took the top StockCharts Technical Rank (SCTR) spot for the Large Cap Top 10. The stock has pulled back since then, but is now gaining traction. Perhaps the Fed’s decision to cut interest rates by half a percentage point added some fuel to the stock. With lower interest rates, ...
If you logged into the CNBC website on Thursday morning, you might have seen the headline, “Wells Fargo says don’t buy this rally, fundamentals don’t support it.“ Investors relying solely on fundamentals and not knowing how to read market technicals may be at a disadvantage when market analysts issue such warnings. It makes you wonder when they might finally give ...
Senate Majority Leader Chuck Schumer, D-N.Y., placed blame on former President Trump and Republicans for a potential partial government shutdown after the House failed to pass a stopgap spending measure on Wednesday. He filed cloture on Thursday in a procedural move in order to act as quickly as possible once the House passes a continuing resolution (CR), which is a ...