Markets See 80% Chance of December Fed Cut After Inflation Data – Bloomberg
Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for...
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US inflation rises to 2.6% – The Financial Times
US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates at its last meeting before US...
Wall Street frets over Big Tech’s $200bn AI spending splurge – The Financial Times
Big Tech’s capital spending is on track to surpass $200bn this year and rise even further in 2025, as anxiety grows on Wall Street about...
Fed’s Waller Says Central Bank Should Limit Its Role in Payment Systems – WSJ
The Federal Reserve should play a minimal, supportive role in payments infrastructure, letting the private sector take the lead, Fed governor Christopher Waller said Tuesday....
Why crypto mania is reaching new heights – The Economist
Donald Trump’s victory has a flavour of revenge—not just for the man but also for crypto bros and their assets of choice. Over the course...
Klarna chooses New York over London for much-anticipated IPO – The Guardian
The buy now, pay later company Klarna has filed for a much-anticipated flotation in the US, a move that marks another blow for the London...
UK unemployment rises as pay growth slows – The Guardian
The UK’s jobs market has shown further signs of cooling after a rise in unemployment in September while pay growth slowed.Figures from the Office for...
Wall Street bankers on course for up to 35% bonus bump – The Financial Times
Wall Street bonuses are on course to rise by as much as 35 per cent this year, as bankers eye even greater potential payouts under...
The World’s Best Hope to Beat Climate Change Is Vanishing – Bloomberg
In just over five years, the world will arrive at its first major checkpoint on climate action: a 2030 deadline to meet a series of...
Rehn Says ECB December Cut Likely With Disinflation On Track – Bloomberg
European Central Bank Governing Council member Olli Rehn said a December interest-rate cut is likely and further reductions are possible, but officials should remain cautious...