News
UK could lose two million workers if taxes keep rising, OBR warns
2+ hour, 2+ min ago (515+ words) Up to two million people could leave the UK workforce if taxes continue to rise over the coming decades, an official analysis from the Office for Budget Responsibility (OBR) shows. But economists have stressed the number is based on a…...
Who benefits the most if the Fed turns dovish?
2+ day, 2+ hour ago (241+ words) The minutes from the Fed's last meeting are due on Wednesday, and on paper, there's not much reason to expect any major dovish surprises. The statement, the dot plot, and policymakers' comments all pointed to inflation still being a concern,…...
Gold slump accelerates as rising yields and stronger dollar weigh on prices
5+ day, 2+ hour ago (232+ words) Gold prices are approaching their weakest quarterly performance in more than a decade after falling roughly 24% from January's record highs, as higher real interest rates and a stronger U. S. dollar continue to pressure investor demand. The August Gold Futures contract was…...
UK car sales rise in June as EV share hits 30%, industry data shows
5+ day, 4+ hour ago (154+ words) Yahoo Finance UK UK markets close in 1h 56m UK car sales rise in June as EV share hits 30%, industry data shows July 3 (Reuters) - British new car registrations rose 15% in June from a year earlier, with battery electric vehicles "accounting for nearly…...
Retired but still working: Where in Europe is financial necessity the biggest reason?
5+ day, 6+ hour ago (973+ words) Pension income is lower than late-career earnings across European countries. In the EU, a person who earned "100 between the ages of 50 and 59 would receive "58 in pension income between the ages of 65 and 74 in 2023, according to Eurostat. This makes it difficult…...
Dollar heads for weekly drop as jobs data dims Fed hike bets
5+ day, 14+ hour ago (492+ words) HONG KONG, July 3 (Reuters) - The U. S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets "expectations for Fed rate hikes, providing some relief for the embattled…...
Bank of England's Mann says she is ready to raise rates if inflation outlook darkens
6+ day, 1+ hour ago (376+ words) LONDON, July 2 (Reuters) - Bank of England policymaker Catherine Mann said on Thursday that she would be ready to vote for a rate rise "if higher inflation expectations in the wake of the U. S. -Iran war make it "less likely that inflation…...
US job growth slows, posing questions for Trump before midterms
6+ day, 2+ hour ago (584+ words) The United States posted weaker-than-expected job growth in June as new data showed the labor market is facing headwinds ahead of testing midterm elections for President Donald Trump's Republicans. Total nonfarm payroll employment grew by 57, 000 and the unemployment rate fell…...
In Sintra, world's central bankers find ally in new Fed chief
6+ day, 8+ hour ago (707+ words) By Francesco Canepa and Balazs Koranyi SINTRA, Portugal, July 2 (Reuters) - Central bank officials from around the world believe they may have found a new ally in Federal Reserve Chair Kevin Warsh, providing a rare point of alignment in an otherwise…...
Spain unemployment falls below 2. 3 million for first time since January 2008
6+ day, 8+ hour ago (430+ words) The figures released on Thursday by the Ministry of Labour confirm a trend that had been emerging for months. Registered unemployment fell in June by 28, 739 people compared with May, bringing the total down to 2, 291, 982 unemployed. A figure this low had…...