Retail leaders have issued a stark warning to chancellor Rachel Reeves that plans to hike business rates for large retailers could drive up food prices, fuel inflation, and weaken the UK’s already fragile high streets. Helen Dickinson, chief executive of the British Retail Consortium (BRC), which represents more than 200 major retailers, has criticised Treasury plans to increase charges on ...
Rightmove has slashed its 2025 house price forecast in half, citing a glut of homes on the market and increasing competition among sellers. The UK’s largest property portal now expects average prices to rise by just 2 per cent this year, down from the 4 per cent previously predicted. According to the company’s latest data, the volume of homes listed ...
The cancellation of The Late Show with Stephen Colbert is not, as CBS executives would desperately like us to believe, a “purely financial decision.” It is, quite transparently, the ceremonial sacrifice of satire on the altar of political appeasement and corporate consolidation. Yes, late-night ratings have slipped. Yes, ad revenue is tighter than an intern’s skinny jeans at a Soho ...
The Biden administration’s State Department authorized more than $1 million in taxpayer funds for renovating swimming pools at U.S. embassies and mission residences in war-torn countries such as Haiti, Sudan and Iraq, a report from Sen. Joni Ernst’s office found. ‘The Biden State Department threw a blowout summer pool party on your dime,’ Ernst, R-Iowa, said in a statement provided ...
Housing and Urban Development Secretary Scott Turner blasted Federal Reserve Chair Jerome Powell for spending billons of dollars renovating the Fed’s headquarters amid a housing crisis he said Powell is helping perpetuate. The Federal Reserve’s headquarters has been undergoing a major renovation that has been plagued by cost overruns and now has a price tag of $2.5 billion. Meanwhile, the ...
President Donald Trump celebrated six months since he was sworn into his second term on Sunday, saying that the United States has been ‘totally revived’ after being ‘DEAD’ under former President Joe Biden. ‘Wow, time flies! Today is that Sixth Month Anniversary of my Second Term. Importantly, it’s being hailed as one of the most consequential periods of any President,’ ...
From ‘super genius’ to ‘CRAZY,’ President Donald Trump has changed his tune about SpaceX and Tesla CEO Elon Musk in a matter of months, while the tech mogul has backpedaled his support for the Republican Party and called for a new, third American political party instead. Musk unveiled the creation of the so-called ‘America Party’ after Trump signed into law ...
Sector Rotation Stalls, Tech Remains King Despite a slight rise in the S&P 500 over the past week, the sector rotation landscape is presenting an intriguing picture. For the first time in recent memory, we’re seeing absolutely no changes in the composition of the sector ranking — not just in the top five, but across the board. Will this stability ...
The Nifty traded in a broadly sideways and range-bound manner throughout the previous week and ended the week with a modest decline. The Index oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. The India VIX declined by 3.60% over the week to 11.39, suggesting continued complacency ...
Even with a few short-lived roller coaster rides, the stock market had a strong week. Though there was some selling on Friday, the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed up over the week as a whole, while the Dow Jones Industrial Average ($INDU) closed lower by 0.07%. Earnings season has started on a positive note, with big banks ...