A rally pushing U.S. equities to record highs increasingly depends on chipmaker Nvidia (NVDA.O) and a few other large stocks, raising concerns about the market’s reliance on a small group of companies.
More
The European Central Bank (ECB) implemented its first interest rate cut since 2019 on Thursday, indicating progress in addressing inflation while acknowledging the battle is far from over. In its new forecasts
More
The head of Britain’s statistical watchdog, Robert Chote, has urged Prime Minister Rishi Sunak to clarify the source of his claims regarding the opposition Labour Party’s tax plans, suggesting that Sunak may
More
New car registrations in Britain experienced their 22nd consecutive month of growth in May, according to preliminary data released on Wednesday. This ongoing upward trend highlights a significant recovery and sustained demand
More
Billionaire John Caudwell, a major donor to the Conservative Party before the 2019 national election, has voiced his disillusionment with the party’s 14 years in power and is hesitant to support them
More
Three British energy companies have decided to delay the start of oil production at their joint-venture oilfield in the North Sea by a year, citing the need for clarity on fiscal policies
More
The Labour Party, which is anticipated to gain power in the upcoming British election, has confirmed meetings with Chinese-founded fast-fashion manufacturer Shein in anticipation of a potential London stock market listing. “Labour
More
GameStop (GME.N) shares surged 21% on Monday after “Roaring Kitty” Keith Gill, the influential stock trader behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million
More
On Monday, the Nasdaq and the S&P 500 edged higher as declining U.S. Treasury yields provided a boost to megacap growth stocks. Investors also digested data indicating that local manufacturing activity had
More
Flutter, the world’s largest online betting company, has announced a significant change in its executive team, appointing Rob Coldrake as the new group CFO. This announcement comes as Paul Edgecliffe-Johnson steps down
More