US Dollar Index Slumps as Inflation Data Comes in Lower Than Expected
The latest US CPI report missed all market forecasts and sent the US dollar index spinning lower. Later today, the FOMC meeting and economic projections.
US Dollar Eyes CPI Data and FOMC Policy Release, Dot Plot Key Indicator
Today’s US inflation data for May and the latest FOMC policy decision, including the quarterly Summary of Economic Projections, will be the drivers of market price action over the coming weeks.
Latin America’s richest man takes £400m stake in BT
Analysts said the move reflects the "good recent momentum" for BT, especially after chief Alison Kirkby recently revealed a £3bn cost-saving initiative.
Fed holds interest rates for seventh consecutive meeting after ‘modest’ progress on inflation
At the turn of the year investors thought the cutting cycle would be well underway but now traders do not expect a cut until September.
Apple overtakes Microsoft as world’s most valuable company
Apple shares rose nearly five per cent to a new record high of $218.02 per share on Wednesday, making it more valuable than Microsoft.
‘It would be the death of entrepreneurship’: City alarm over Labour capital gains hike
A move to hike capital gains tax could spell the “death of the entrepreneurship” in the UK, a top City figure has warned, after the Labour party failed to firmly rule out the move this week.
Goodyear Tyres: Dunlop manufacturer’s sales hit £3bn following brands revamp
The UK arm of tyre giants Goodyear and Dunlop has seen its sales soar to almost £3bn following its ongoing efforts to raise the profile of its retail brands.
‘Nothing equates to a British pub’: TV hardman and ex-Eastenders star Ross Kemp on the perfect pint
TV’s favourite hardman Ross Kemp has been everywhere from Albert Square to Afghanistan but admitted “nothing equates to a British pub” as he hints at possibly opening his own boozer one day.
Labour threatens to strip Avanti rail contract as Branson plans rival
Shadow transport secretary Louise Haigh told Sky News Avanti had provided passengers with "woeful service" on the West Coast Main Line.