89 m. ago Farage ‘plans to put business leaders in cabinet’ if Reform wins power

Labour prime minister Keir Starmer hits out at Reform UK leader, dubbing him a ‘wolf in Wall Street clothing’ who has ‘no idea what he's talking about’

Politics

5 h. ago Wall Street shivers over ‘hot commie summer’ after Mamdani’s success

New York’s financial elite compare the city to crime-riddled Gotham after democratic socialist bests Cuomo in Democratic mayoral primaryWhen Zohran Mamdani, a 33-year-old self-described socialist, won New York’s mayoral Democratic nomination last week over a seasoned but scandal-scarred veteran, the city’s financial elite had a meltdown.This was the start of “hot commie summer” in the city, New York hedgevfund billionaire Daniel Loeb posted to X. John Catsimatidis, billionaire CEO of grocery chain Gristedes and friend of Donald Trump, warned on Fox Business: “If the city of New York is going socialist, I will definitely close, or sell, or move.” Continue reading...

Politics

20 h. ago US stocks rise to closing high despite Trump ending negotiations with Canada

Wall Street’s S&P 500 ended the session up 0.5%

Politics

21 h. ago US stocks shed gains after Trump calls off trade negotiations with Canada

Wall Street’s S&P 500 had struck a new record high earlier in the session

Politics

25 h. ago US stocks hit record high as markets recover from Trump tariff shock

Wall Street stocks roar back from April’s sell-off, buoyed by resilient economy and share buybacks

Events

46 h. ago CNBC’s Joe Kernen likens Mamdani win to Bane’s Wall Street purge from The Dark Knight Rises

News anchor Joe Kernen has said that New York City could become like Gotham in Christopher Nolan’s Batman trilogy after Democratic socialist Zohran Mamdani’s shocking victory in the city’s Democratic mayoral primary.

Politics

48 h. ago Mamdani faces barrage of Islamophobic attacks after New York primary success

State assembly member subjected to death threats and xenophobic rhetoric from Republican figures“Hamas terrorist sympathizer”, “jihadist terrorist”, calls for deportation and predictions of another 9/11 – these are among the torrent of Islamophobic attacks that have erupted across social media and conservative political circles following Zohran Mamdani’s success in the Democratic primary for New York City mayor.The 33-year-old state assembly member, a democratic socialist who would become the first Muslim mayor of America’s largest city, has been subjected to a barrage of death threats and xenophobic rhetoric from prominent Republican figures and online activists since his primary win became apparent. Continue reading...

Events

54 h. ago The Social Network sequel officially in the works after 15 year wait

Aaron Sorkin will base follow up on a Wall Street Journal series about Facebook

Politics

54 h. ago Zohran Mamdani has unleashed a political earthquake | Ben Davis

Mamdani’s popularity represents the total collapse of a Democratic party establishmentThe surprise electoral success of Zohran Mamdani, the 33-year-old democratic socialist running to be mayor of New York, most prominent city on Earth, is a political earthquake. The breadth and scope of his performance were predicted by no polls, no prognosticators, none of the wise men. The ramifications of this upset will be felt for years, across the US and the developed world.In the end, it wasn’t even close. Mamdani’s widespread appeal represents the total collapse of a Democratic party establishment that had weathered Donald Trump’s first term with rhetorical resistance, and fumbled the beginning of the second with triangulating appeasement. This year, the favorability of the Democratic party has collapsed to record lows, not because of the popularity of the Trump administration or the Republican party, but because of its unpopularity with its own voters. Chuck Schumer caving to the president ...

Politics

57 h. ago Shell denies reports that the energy giant is in talks to take over BP

British oil giant Shell is denying reports that it is in talks to buy rival BP

Politics

60 h. ago Wealthy Wall Street recluse claims he was duped by Harvard fellow into funding weapons for alleged coup in South Sudan

Financier Robert Granieri was allegedly duped into handing over millions to fund the purported attempt to topple the South Sudanese government

Economics

67 h. ago Aaron Sorkin’s The Social Network sequel officially in development

Oscar-winning writer returns to subject of his 2010 hit for follow-up based on Wall Street Journal series on FacebookAaron Sorkin is officially working on a sequel to The Social Network.Last year, the Oscar-winning writer revealed he was working on a film that would revisit the subject of Facebook, and Deadline has now reported that The Social Network Part II is in development at Sony Pictures yet isn’t a “straight sequel”. Continue reading...

Politics

69 h. ago Mediator reportedly proposes $20m settlement in Trump suit against CBS

Wall Street Journal reports deal would see Trump accept sum to resolve suit over Kamala Harris interview on 60 MinutesDonald Trump and CBS could settle their legal battle over a contested interview with Kamala Harris for $20m, as the dispute continues to shadow a major media merger.A mediator has proposed the settlement figure to resolve Trump’s lawsuit against CBS News over alleged deceptive editing of a 60 Minutes interview with Harris during last year’s presidential campaign, the Wall Street Journal reported on Wednesday. Continue reading...

Politics

2 d. ago Wall Street reels from Mamdani victory in New York mayoral primary

Financiers plot to back a moderate after leftwing candidate clinches Democratic candidacy

Politics

3 d. ago Tesla’s EU sales slump continues; China’s premier warns global trade tensions ‘intensifying’ – business live

Rolling coverage of the latest economic and financial newsShares in UK defence Babcock have surged 13% at the start of trading, after it upgraded its medium-term forecasts and hailed a ‘new era’ for defence (see earlier post).After several turbulent sessions, the financial markets seem calm this morning, as the Israel-Iran ceasefire holds.‘’Optimism about the fragile ceasefire holding between Iran and Israel has bubbled through markets, lifting equities, but more doubts are now creeping in about the truce holding.Wall Street rose in a relief wave, pushing the S&P 500 close to record highs. Sentiment has held up in Asia and European indices largely look set for a positive start to trading. Nevertheless, a little more uncertainty is seeping in. A leaked report from US Intelligence casting doubt on the effectiveness of the US strikes in crippling Tehran’s nuclear capabilities, has led to some worries that military action could resume. Continue reading...

Events

3 d. ago Cohesion ignored for far too long before summer riots, says ex

Sir Sajid Javid said governments only respond to community relations when tensions spill over as he takes his place of co-chair of a new commission following last summer's riots

Politics

7 d. ago Real life 'Wolf Of Wall Street' corrupt City boss who remains on the run is ordered to pay back £64million after Ponzi

Anthony Constantinou remains on the run after he fled the UK during his fraud trial at London 's Southwark Crown Court in June 2023.

Economics

8 d. ago Trump denies report that he has approved US attack plans against Iran

US president says Wall Street Journal ‘has no idea’ what his thoughts are on Israel-Iran conflictMiddle East crisis – liveDonald Trump has denied a report in the Wall Street Journal that he has approved US plans to attack Iran, saying that the news outlet has “no idea” what his thinking is concerning the Israel-Iran conflictThe Journal reported late on Wednesday that Trump told senior aides a day earlier that he had approved attack plans but was delaying on giving the final order to see if Tehran would abandon its nuclear program. The report cited three anonymous officials. Continue reading...

Politics

1 week ago Asian shares are mixed and oil prices rise as escalating Iran

Asian shares are mixed and oil prices have advanced after the escalation of conflict in the Middle East hit Wall Street

Politics

2 w. ago Wall Street's new motto is 'anywhere but America': Where to invest in the UK and Europe instead

The movement even has its own acronym, Abusa - Anywhere But USA. UK and European shares have become more popular amid a backlash against Donald Trump's tariff policies.

Politics