Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
Keir Starmer, the UK’s Labour Prime Minister, faces a delicate balancing act as he prepares to host a major international investment summit in London. The event, which will bring together some of the world’s most influential financiers and business leaders, comes at a crucial time for Starmer’s
In the upcoming New Hampshire elections, a noteworthy alignment has emerged between the key issues concerning businesses and citizens alike. Housing shortages and affordability, childcare scarcity and costs, healthcare challenges including nursing staff shortages, and the impact of inflation on personal finances are at the forefront of both groups’ concerns.
San Francisco’s annual Fleet Week celebration is bringing a significant economic boost to the city, with an estimated $10 million influx into the local economy. The event, which features air shows by the Blue Angels and tours of military ships, has drawn thousands of visitors to the Bay Area.
Todd Graves, the founder and co-CEO of Raising Cane’s Chicken Fingers, nearly lost his fast-food empire due to a risky financial strategy early in his entrepreneurial journey. Now worth an estimated $9.5 billion according to Forbes, Graves’ path to success was fraught with challenges and close
As the Federal Reserve implements interest rate cuts, with a recent 0.50% reduction in the benchmark rate and more cuts anticipated, small businesses should prepare for the ripple effects on their operations. These changes bring both opportunities and challenges that savvy business owners can leverage to their advantage. One
Howmet Aerospace, a prominent player in the aerospace and defense sector, achieved a significant milestone on Friday as it reached an all-time high in stock price. This accomplishment was accompanied by the company’s inclusion in two of Investor’s Business Daily’s (IBD) prestigious stock watchlists, highlighting its
Business travel is experiencing a resurgence, with spending projected to surpass pre-pandemic levels in the near future. While leisure travel has already rebounded to its pre-COVID state, corporate travel has been slower to recover. However, recent trends indicate a significant uptick in business-related trips and expenditures. Delta
Taiwan’s government has reported that four employees of Foxconn, the world’s largest iPhone assembler, have been detained in China under what they describe as “quite strange” circumstances. The detentions occurred in Zhengzhou, the capital of Henan province, which is home to a major Foxconn facility responsible for assembling
The University of Montana has appointed Jeffrey Michael as the new director of its Bureau of Business and Economic Research (BBER) following a nationwide search, the institution announced on Thursday. Michael, who previously held positions at the University of the Pacific in California, has already begun his tenure at the
Wall Street is closely monitoring upcoming retail sales data as a potential indicator of a “no landing” scenario for the U.S. economy. Bank of America analysts are projecting September retail sales to increase by 0.8%, significantly higher than the consensus estimate of 0.2% growth according to economists
The Russian military’s numerical advantage over Ukrainian forces is expected to wane by late 2024 and into 2025, according to Michael Kofman, a respected military analyst specializing in Russian affairs. In a recent interview with Intelligencer, Kofman, who serves as a senior fellow at the Carnegie Endowment for International
After a prolonged legal battle, X, the social media platform formerly known as Twitter, has resumed operations in Brazil. The company’s services were reinstated following compliance with court orders and payment of a substantial fine. The conflict began in August when Brazil’s Supreme Court Justice Alexandre de Moraes
