UK government borrowing hit a four-year high of £17.8 billion in December, exceeding forecasts and raising concerns about the nation’s fiscal health. This surge adds pressure on the Chancellor amid rising debt levels and interest rates.
UK’s December Borrowing Soars to £17.8 Billion, Raising Concerns for Chancellor Read More »
US banks anticipate regulatory changes under the new administration, targeting key capital rules. They aim to reduce the impact of Basel Endgame, GSIB surcharges, and the supplementary leverage ratio, citing resilience and economic contributions.
US Banks Poised for Capital Rule Overhaul Under New Administration Read More »
President Biden will decide the fate of Nippon Steel’s $12.3B US Steel acquisition after CFIUS deadlocked. His decision, expected within 15 days, could block the deal and set a precedent for foreign investment in critical US industries.
Live like royalty! Five stunning UK castles, featured on Rightmove, are for sale, ranging from £1.395 million to £8 million. Explore Victorian gems, Scottish baronial grandeur, and even a castle with a “Traitors-style” round table.
UK Castles Fit for a Traitor: 5 Properties for Sale Read More »
Wells Fargo CEO affirms progress on compliance following the fake accounts scandal, detailing rigorous controls and weekly monitoring. The bank nears the end of regulatory tests to lift a $1.95 trillion asset cap, potentially enabling growth in key areas.
Wells Fargo CEO Confident in Compliance Progress After Scandal Read More »
Boeing’s chief lobbyist, Ziad Ojakli, abruptly departs amid ongoing investigations and regulatory challenges. This sudden exit adds to the aerospace giant’s turbulent period, raising questions about its government relations.
Boeing’s Top Lobbyist Ziad Ojakli Departs Abruptly Read More »
Australia’s east coast faces a significant gas shortfall by 2027 unless new fields are developed. LNG imports and revised export regulations aim to mitigate looming energy security and economic risks.
Australian East Coast Faces Looming Gas Supply Shortfall Read More »
Track key earnings from Oracle, GameStop, Adobe, Broadcom, and Costco this week. Plus, watch for crucial CPI, PPI, jobless claims, and retail sales data impacting markets as we head into 2025.
Key Economic Events and Earnings to Watch This Week Read More »
Tech stocks retreated midday as renewed inflation worries grip investors, dragging down the Nasdaq. Tesla faces investigation and a downgrade, while Moderna surged on bird flu vaccine hopes.
Midday Market Movers: Tesla Probe, Getty-Shutterstock Merger, and More Read More »
US small business sales surged in December, driven by strong holiday retail spending. While retail thrived, restaurants saw declining sales due to lower average ticket sizes and shifting consumer preferences.
US Small Business Sales Surge in December Holiday Season Read More »
