5 d. ago Top Fed official says market angst over inflation would be ‘red flag’

Austan Goolsbee’s warning comes after key survey shows consumers expect soaring price growth

Economics

5 d. ago Reeves admits “further and faster” action is needed to kickstart growth

Before the statement, the Office for Budget Responsibility will publish its forecast on the UK economy, which is widely expected to slash its forecast for economic growth

Politics

8 d. ago China’s ‘red circle’ law firms snap up partners from US rivals

Western firms scale back presence in Hong Kong and China as financial activity slows

Politics

1 week ago Prudential beats expectations but growth slows amid China challenges

The Asian-focused insurer reported an 11% rise in new business profit to 3.08 billion US dollars (£2.38 billion) in 2024.

Politics

2 w. ago Marshalls expects return to revenue growth as housebuilding and water infrastructure spending booms

The more upbeat messages from the company came as it reported an 8% fall in revenue to £619.2 million

Politics

2 w. ago Car industry urges UK government to create new EV incentives

Automotive body says current policy is leading to job losses and has become a ‘driver of de-industrialisation’Fresh incentives to boost a flatlining electric car market are urgently needed, according to the UK automotive industry, whose leaders called on the government to act fast and “revisit the mandate” for zero emission vehicles (ZEV).The Society of Motor Manufacturers and Traders (SMMT) said its research showed growth in consumer demand for EVs was lower than expected, with only one in eight new buyers planning to switch in the next three years, putting jobs at risk. Continue reading...

Politics

2 w. ago Wall Street falls again amid economic slowdown fears, as Musk’s Tesla falls 50% from all–time high – business live

Rolling coverage of the latest economic and financial news, as US markets slide after Beijing imposes tariffs on imports of agricultural goods from AmericaAnalysts at investment bank Jefferies remain optimistic about the prospects for the US economy in the second half of 2025 – while also fearing that it may slow more than expected in the first half of the year.In an updated US Economic Outlook, Jefferies tell clients:Broadly, these changes are modest relative to what we were looking for at the beginning of the year. We started out 2025 expecting growth to slow in the first half due to exactly the sort of tensions and uncertainty about policy that we are currently seeing. It now appears that the slowdown will be a bit more pronounced than we expected, but we remain optimistic about the second half of the year and beyond.We expect that the labor market will continue to cool gradually in the months ahead, with downside risks due to government spending uncertainty. We continue to expec...

Economics

2 w. ago Wall Street falls again as tariff fears grip markets – business live

Rolling coverage of the latest economic and financial news, as US markets slide after Beijing imposes tariffs on imports of agricultural goods from AmericaAnalysts at investment bank Jefferies remain optimistic about the prospects for the US economy in the second half of 2025 – while also fearing that it may slow more than expected in the first half of the year.In an updated US Economic Outlook, Jefferies tell clients:Broadly, these changes are modest relative to what we were looking for at the beginning of the year. We started out 2025 expecting growth to slow in the first half due to exactly the sort of tensions and uncertainty about policy that we are currently seeing. It now appears that the slowdown will be a bit more pronounced than we expected, but we remain optimistic about the second half of the year and beyond.We expect that the labor market will continue to cool gradually in the months ahead, with downside risks due to government spending uncertainty. We continue to expec...

Economics

3 w. ago US manufacturers report fall in orders as growth expectations tumble

Data fuels fears that the economy is losing momentum as tariffs loom

Politics