1 hour ago Trump indicates ‘positive’ progress in US trade talks with EU

Wall Street up in early trading after US president commends bloc for calling to ‘quickly establish meeting dates’Donald Trump has indicated there has been progress in US trade talks with the EU, helping send share prices rising on Wall Street, after he commended the bloc for calling to “quickly establish meeting dates”.“This is a positive event, and I hope that they will,” Trump wrote on his Truth Social platform on Tuesday, saying the EU would be “very happy and successful” if it agreed a deal. Continue reading...

Politics

40 h. ago US futures jump while Asian shares slip after Trump delays tariffs on the EU

U.S. futures have turned sharply higher and Asian shares mostly fell after U.S. President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9 from June 1

Politics

40 h. ago Wall Street vs private equity: can anyone stop the grad recruitment creep?

Graduates, banks and private equity firms are locked in a tussle for talent that inflicts pain all round

Politics

4 d. ago Trump plans to impose 50% tariff on EU imports from next month

European stocks slide and Wall Street set to open lower after US president attacks the bloc

Politics

5 d. ago House passes Trump’s ‘big beautiful’ tax and spending bill after months of wrangling – US politics live

Sweeping legislation will now be sent to the SenateThe Kremlin said on Thursday that a report in the Wall Street Journal which said US president Donald Trump had told European leaders that President Vladimir Putin did not want to end the war in Ukraine contrasted with its own knowledge.The Journal said Trump had briefed European leaders after talking to Putin by phone on Monday and said Putin wanted to keep fighting in Ukraine because he thought he was winning.With a narrow 220-212 majority, House Speaker Mike Johnson could not afford to lose more than a handful of votes from his side.Republicans on the party’s right flank had pushed for deeper spending cuts to lessen the budget impact, but they met resistance from centrists who worried they would fall too heavily on the 71 million low-income Americans enrolled in the Medicaid health program. Continue reading...

Politics

6 d. ago Target will only raise prices as a ‘last resort’ despite concerns over tariffs

Sales at Target fell sharply in the first quarter and the retailer warned they will slip this year as consumers, worried over the impact of tariffs, pull back on spending

Economics

6 d. ago Target sees massive drop in sales and warns customers aren’t spending over tariff fears

Sales at Target fell sharply in the first quarter and the retailer warned they will slip this year as consumers, worried over the impact of tariffs, pull back on spending

Economics

7 d. ago Senators question Paramount over efforts to settle Trump lawsuit

Warren, Wyden and Sanders push for information to determine if media company violated federal bribery statuteDemocratic US senators Elizabeth Warren and Ron Wyden, along with their liberal colleague Bernie Sanders, are pushing for information on Paramount’s efforts to settle a lawsuit filed by Donald Trump against CBS News’s 60 Minutes – in hopes of determining whether the media company is violating a federal bribery statute, the Wall Street Journal reported.In a letter to Paramount chairperson Shari Redstone, the senators wrote that they are concerned the media company “may be engaging in improper conduct involving the Trump administration in exchange for approval of its merger with Skydance Media”. Continue reading...

Politics

7 d. ago World's most powerful banker issues terrifying new warning about Trump's new scaled

Jamie Dimon just issued a stark warning that has Wall Street on edge. The JPMorgan CEO says markets are missing something big - and the fallout could be sharp.

Events

7 d. ago JPMorgan Jamie Dimon warns that the impacts of Trump’s ‘pretty extreme’ tariffs are still being underestimated

Wall Street boss suggests 10 percent stock market sell-off could be on the horizon

Events

8 d. ago Stock markets drop and bond yields rise after US credit rating downgrade; EC cuts eurozone growth forecast – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

8 d. ago Stock markets drop and bond yields rise after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

8 d. ago Asian shares slide and US futures and dollar drop after Wall Street's winning week

Asian shares are lower after Moody's Ratings downgraded the sovereign credit rating for the United States

Politics

9 d. ago Slot machine firms target UK’s poorest areas and channel funds to billionaires

Exclusive: Politicians including Andy Burnham call for councils to be given powers to stop new sites openingSlot machine companies are targeting Britain’s poorest neighbourhoods and channelling the proceeds to billionaire-owned overseas corporations and a Wall Street fund that uses an offshore lending structure, the Guardian can reveal.The number of slot machine shops has risen by 7% since 2022, as companies -friendly planning and licensing laws to flood Britain’s high streets with new “adult gaming centres” (AGCs), most of which are open 24 hours a day. Continue reading...

Economics

9 d. ago This pause in the trade war will be brief. Small businesses, plan accordingly

Trump’s animosity towards China isn’t going to disappear, and his past actions do not bode well for a quick resolutionDonald Trump’s massive Chinese tariffs are on pause. The media debated. Wall Street rejoiced. Many of my clients breathed a sigh of relief. Big retailers jumped for joy. But for how long?For starters, the tariffs that weren’t paused – a 10% levy on all Chinese goods, plus a bonus 20% tax that somehow relates to fentanyl, are still in place. When you take into consideration existing tariffs on steel from previous Trump and Biden administrations, the effective tariff rate on Chinese goods is actually closer to 40%, according to an analysis done by the Wall Street Journal. Continue reading...

Events

1 week ago The deal that has spurred Apollo’s plan to remake Wall Street

Acquisition of securitised asset business from Credit Suisse has become a cornerstone of private asset group’s strategy

Economics

1 week ago Russ Vought: key Project 2025 figure set to continue Trump cuts after Musk exit

Goal of Christian nationalist and director of OMB to dismantle federal workforce may be coming to fruitionRuss Vought’s years-long quest to dismantle the federal workforce and consolidate power for the president is coming to fruition, and he may be given a major boost when he reportedly takes on Elon Musk’s cost-cutting efforts as the billionaire bows out of the federal government.The director of the office of management and budget has worked alongside Musk’s “department of government efficiency” to slash through the federal government since Trump took office. The Wall Street Journal reported this week that Vought would take on an increased public role in Washington as Musk transitions out and the president’s budget process advances. The outlet reported that Vought could use the budget process to make some of Doge’s cuts permanent. Continue reading...

Politics

1 week ago Warren Buffett reveals the heartbreaking real reason he's stepping down from Berkshire Hathaway

Warren Buffett admitted the real reason that led to the Wall Street legend finally stepping down from Berkshire Hathaway at 94.

Events

1 week ago US poised to dial back bank rules imposed in wake of 2008 crisis

Regulators preparing to cut capital requirements that are the target of vigorous criticism from Wall Street

Events

1 week ago Jacking up National Insurance will lead to job losses and act as a brake on the economy

Record View says the decision to make it more expensive for businesses to hire was a mistake.

Economics