Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong
LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation, but hopes markets will…
Big Tech falters on dreary earnings and forecasts for Q4— Meta has worst week ever, Amazon tumbles 13%
Facebook CEO Mark Zuckerberg Marlene Awaad | Bloomberg | Getty Images Other than Apple, it was a brutal earnings week…
Why China won’t bail out its real estate sector
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a…
With UK leader Liz Truss quitting, here are the top contenders to replace her
LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget”…
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including…
Dow closes up 550 points, Nasdaq pops more than 3% as strong bank earnings boost volatile market
Stocks rose sharply on Monday as key earnings reports eased some of investors’ fears and oversold tech names enjoyed a…
British government performs major U-turn on tax cuts. But markets are far from convinced
British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters LONDON…
UK bond market moves are dramatic — and confusing. And analysts think it could get worse
Getty Images LONDON — U.K. bonds sold off again this week, pushing yields to their highest level since before the…
UK’s Liz Truss pledges tax-cutting future in landmark speech plagued by protest and political infighting
Prime Minister Liz Truss is seeking to rally MPs around her her tax-cutting policies following political infighting and market turmoil.…
Mortgage mayhem sparks fears of a housing market crash in Britain
U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products…
Britain’s tax cut pivot might not be enough to quell market mayhem
LONDON — The U.K. government’s reversal on scrapping the top rate of income tax is down to political optics and…
Is the UK now a buy? Analysts weigh in after market meltdown and Bank of England intervention
A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty…
Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up…
IMF gives damning verdict on Britain’s tax cuts
The new economic measures laid out by the U.K. government “will likely increase inequality”, according to a spokesperson from the…
Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations…