The risk-on sentiment has returned to the stock market. Stocks traded significantly higher ahead of the open on Wednesday after former President Trump’s victory. With the uncertainty of the election results out of the way, investors were ready to pile back into equities. All broader US equity indexes saw strong upside movement, and the Cboe Volatility Index ($VIX) fell, closing ...
Kaye Adams, presenter of ITV’s Loose Women, has won a protracted ten-year dispute with HM Revenue & Customs (HMRC) over her employment status. After multiple court victories, HMRC announced it would not appeal against Adams’s latest win, concluding a case that has highlighted significant criticisms of the tax authority’s approach to IR35 regulations. The dispute centred on HMRC’s claim that ...
The Bank of England has cut interest rates by 25 basis points to 4.75%, marking its second reduction this year as inflationary pressures begin to ease and economic data signals a cooling in wage growth. The nine-member Monetary Policy Committee (MPC) voted in favour of the reduction, following a steady trend in economic forecasts that suggest a potential downturn in ...
There is a minimum skills set that is required of the Commander-in-Chief and it involves making decisions of life and death in real and often hurried time, decisions about protecting America and its troops. Long before the Afghanistan debacle many doubted President Biden’s ability to correctly make those decisions, including former Secretary of Defense Gates. Vice President Harris never gave ...
Donald Trump’s second victory is even more remarkable than his first. The first was unexpected. He captured magic in a bottle. But magic comes once in a lifetime. The second time, he had to fight for it, sometimes fight what seemed like the whole world, especially the media. Fight and win. Love him or hate him, Trump is America’s real-life ...
Marks & Spencer has cautioned that it cannot rule out raising prices after absorbing an additional £120 million in costs resulting from Chancellor Rachel Reeves’s national insurance (NI) changes and forthcoming wage increases. Chief executive Stuart Machin stated that the retailer would “do everything we can” to avoid passing these costs onto customers but acknowledged the company is confronting “pretty ...
Chancellor Rachel Reeves has downplayed fears of escalating protectionism under Donald Trump’s anticipated new trade tariffs, reaffirming Britain’s commitment to a robust economic relationship with the United States. In her first comments following Mr Trump’s re-election, Reeves emphasized the UK’s intent to uphold “free and open trade” between the two countries. Amid speculation over Trump’s pledge to impose steep tariffs—up ...
Vice President Harris’ second failed presidential bid mirrors aspects of her first trek on the campaign trail in 2019, proving to be short-lived and unfocused on key issues important to American voters, experts say. ‘Both started with great promise,’ Tevi Troy, a presidential historian and former senior official in the George W. Bush administration, told Fox News Digital in an ...
President-elect Donald Trump succeeded early in the morning on Wednesday, and defeated Vice President Kamala Harris in the 2024 presidential race for the White House. Trump will take office for a second time in January. The only other presidential candidate in history to win the presidency non-consecutively was Grover Cleveland, who was elected as the 22nd and 24th U.S. president. ...
The UK’s used car market continues to grow, as more cash-conscious consumers opt for second-hand vehicles over new ones, according to the Society of Motor Manufacturers and Traders (SMMT). Transactions in the used car market rose by 4.3% year-on-year from July to September, with 1.96 million sales recorded. Notably, sales of electric vehicles (EVs) surged by 57%, reaching 53,423 transactions ...