62 h. ago Consumer sentiment rose in June for 1st time this year as inflation remains stayed tame

Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China

Economics

67 h. ago Business news live: Oil prices surge at highest rate in years amid Israel

Stock market reaction and business news for Friday

Politics

67 h. ago Oil surges after Israel’s attack on Iran, risking ‘stagflationary shock’ – business live

Rolling coverage of the latest economic and financial newsIsrael launches strikes on ‘dozens’ of targets in Iran, targeting nuclear programmeBudget airline Wizz, whose shares are down almost 5% today, says it has suspended flights to Tel Aviv and re-routed flights affected by closed airspace in the region for the next 72 hours.The jump in the oil price today, following Israel’s attack on Iran, is a “bad shock for the global economy at a bad time”.For the average consumer, they will be looking at more income uncertainty. They will be looking at higher petrol prices, and in the UK, they’re probably looking now at higher risk of taxation in October.So whatever way you look at it, it’s negative short term, it’s negative longer term. Continue reading...

Events

68 h. ago Business news live: Oil prices surge after Israel attacks Iran, FTSE 100 falls after all time high

Stock market reaction and business news for Friday

Politics

69 h. ago Business news live: Oil prices surge after Israel attacks Iran, FTSE 100 drops after all time high

Stock market reaction and business news for Friday

Politics

69 h. ago Oil surges after Israel’s attack on Iran, as markets slide – business live

Rolling coverage of the latest economic and financial newsIsrael launches strikes on ‘dozens’ of targets in Iran, targeting nuclear programmeEuropean stock markets have joined the global selloff, as the overnight escalation in the Middle East has triggered a wave of risk-off sentiment.Here’s now the main indices have fallen:Germany’s DAX: -1.35%France’s CAC: -1.2%Italy’s FTSE MIB: -1.45%Spain’s IBEX: -1.55%This alarming escalation in the Middle East has likely caught many investors off guard. Those who have been looking for an opportunity to sell stocks and take profits are now becoming active. It seems the DAX has seen its yearly high from just over a week ago for the time being.Oil prices are skyrocketing as fears grow not only regarding the disruption of Iran’s recent strengthened oil exports but also the potential targeting of other oil production facilities in the region, should this conflict escalate further. Additionally, the transportation of oil through the Strait of Hormuz...

Politics

2 d. ago New Zealand PM to meet Xi Jinping as former leaders warn against becoming an ‘adversary’ of China

Christopher Luxon’s visit to Beijing comes as former NZ PMs warn the country must not become part of defence arrangements ‘explicitly aimed at China’New Zealand’s prime minister will meet Xi Jinping on a formal visit to China next week, his office has confirmed, a week after an open letter signed by some of his predecessors warned against positioning New Zealand as an “adversary” of its biggest trading partner.Christopher Luxon is scheduled to travel to Shanghai and Beijing, before going to Europe. His office said he will meet Xi and China’s premier, Li Qiang, for a visit focused on trade, but which would also discuss “the comprehensive bilateral relationship and key regional and global issues”. Continue reading...

Events

3 d. ago China delays approval of $35bn US chip merger amid Trump’s trade war

Beijing’s antitrust regulator postpones sign-off on Synopsys and Ansys deal

Politics

3 d. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

Economics

3 d. ago Trump reacts to criticism of mass deportations from business leaders – live

US president promises changes after industry chiefs complain about losing farm and hospitality workers but is cryptic about details A woman defiantly dances near police officers as protesters continue to march and chant in an approximately one-square mile area of downtown Los Angeles in response to a series of immigration raids.Nerves are frayed in Los Angeles, as the second largest city in the US is flooded with more than 2,000 federal troops tasked with protecting immigration enforcement officials after thousands of people hit the streets to protest deportation raids. Continue reading...

Politics

3 d. ago Business news live: Boeing shares sink after India crash and Poundland sold for £1

Stock market reaction and business news for Thursday

Economics

3 d. ago Largest ever plunge in UK exports to US as Trump tariffs hurt growth; dollar hits three

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumpedFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, to allow still troubling earnings growth ...

Politics

3 d. ago Business news live: FTSE 100 flat and Poundland faces restructure after being sold

Market reaction and business news for Thursday

Politics

3 d. ago Business news live: FTSE 100 flat as UK economy stalls after Asia stocks down overnight

Market reaction and business news ahead of the government’s spending review

Economics

4 d. ago Business news live: FTSE 100 closes below new high, Meta set for $15bn AI deal

Market reaction and business news ahead of the government’s spending review

Economics

4 d. ago Business news live: FTSE 100 rises towards new record high, Meta set for $15bn AI deal

Market reaction and business news ahead of the government’s spending review

Economics

4 d. ago US Treasury's Bessent says London trade agreement will help stabilize US

US Treasury's Bessent says London trade agreement will help stabilize US-China relationship  TradingView

Politics

4 d. ago Business news live: FTSE 100 rises towards new record high, Google staff cuts latest

Market reaction and business news ahead of the government’s spending review

Events

4 d. ago Deal ‘is done’, says Trump, as China and US trade truce gets back on track after London talks

Deal ‘is done’, says Trump, as China and US trade truce gets back on track after London talks  The Straits Times

Politics

4 d. ago Trump says China will face 55% tariffs under trade deal; US inflation rises to 2.4% – business live

Rolling coverage of the latest economic and financial newsElon Musk says he regrets some of his posts about Trump: ‘They went too far’US-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Economics