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News
Bessent battles the bond markets and saving up for college costs
6+ hour, 19+ min ago (665+ words) US treasury secretary Scott Bessent’s running battle with the bond markets is starting to look like his boss’s war in Iran – started by his own hand with a tangled set of objectives, an underestimated opponent and an implausible path to…...
Ifac takes aim at Government’s Alice in Wonderland budgeting
1+ day, 6+ hour ago (351+ words) The Irish Fiscal Advisory Council (Ifac) has again taken aim at the Government’s budgeting. The council’s gripe is more with the method than the numbers. Budgets are drawn up and delivered every October only to be torpedoed by spending overruns…...
Grocery inflation eases back to under 4% as online summer sales surge
1+ day, 23+ hour ago (459+ words) Inflation in Irish supermarkets continues to ease and is now running at just under 4 per cent compared with a rate of more than 6 per cent recorded earlier this year. The drop in inflation was tracked by analysts Worldpanel by Numerator....
Owning a home now out of reach, most young people believe – research
2+ day, 2+ hour ago (601+ words) The dream of buying a home appears beyond most people under the age of 35, new research suggests, with a sizeable majority now actively considering social housing or long-term renting. The annual PTSB Reflecting Ireland Housing and Homeownership report highlights how…...
Rent price surge in wake of new rules was ‘one-off’
2+ day, 12+ hour ago (585+ words) The spike in rents seen after the introduction of new controls was a “one-off” rather than the start of a trend, the author of a new report has said. Daft’s latest report indicates rent inflation slowed to 1.4 per cent between…...
The ECB has been warning about expensive stocks since 2014
3+ day, 7+ hour ago (364+ words) “US tech stock correction likely, warn ECB economists,” headlined the Financial Times this week. Other headlines – “ECB warns that AI boom could lead to global stock market crash” – were more breathless. Certainly, European Central Bank researchers were far from reassuring,…...
Bond investors dismiss Trump administration’s ‘band-aid on a bullet hole’ intervention
4+ day, 6+ hour ago (327+ words) Donald Trump’s appetite for risk might endear him to his Maga base. Bond investors are a more dispassionate breed, however. Concerns over his handling of the economy, in particular his tax and spending plans, which have lifted US debt above…...
Irish labour force nears 3m as employment continues to rise
6+ day, 59+ min ago (364+ words) The number of people in the Irish labour force is now almost 3 million, new figures show. The latest Labour Force Survey (LFS) indicated that the number of people working or seeking work rose by 31,300 (1.1 per cent) to 2.99 million in the…...
Level of interest in new savings scheme high, says banking group
6+ day, 7+ hour ago (435+ words) Almost 80 per cent of adults say they would be interested in opening a Government-backed savings and investment account (SIA), although less than half are aware one is being planned. Awareness falls significantly among younger people. According to new research from…...
EOY profiles: From commercial real estate to logistics and antennas â The Irish Times
1+ week, 4+ day ago (1656+ words) As brothers and business partners, Paul, Gary and Mike Martin are the driving forces behind Martin Group. Having grown up in a family of entrepreneurs, they developed a passion for business from an early age, launching small ventures while still…...