Euro and pound tumble as Trump storms to victory — stocks don’t know whether to laugh or cry
Big gains for defense and health stocks, but it’s a bleak day if you’re driving the green transition — or lending to Mexicans.
Stock markets
Wall Street and bitcoin soar to record highs as Trump wins US election
Dollar up and renewable energy stocks down, while shares in president-elect’s media business rise by more than a thirdAnalysis: Trump policies mean higher pricesBusiness live – latest updatesUS election 2024 – live news updatesWall Street and bitcoin r…
‘Bitter medicine’: Why some EU officials quietly yearn for Trump
Europeans may not like Donald Trump, but officials from several countries said his reelection could spur change in the bloc — namely on defense.
Stock markets hit record highs after news of a fall in US inflation
S&P 500 index of major US companies registers near 100% gain on year ago amid expectation of interest rate cutsA fall in US inflation expected to pave the way for further cuts in interest rates pushed stock markets to record highs on Friday.Ending…
Fintech firm Revolut valued at $45bn in employee share sale
Staff in line for $500m windfall, with company now worth more than market valuations of big high street banks Revolut has clinched a $45bn (£35bn) valuation through a share sale that is expected to net staff a $500m windfall, cementing its position as …
Inflation is easing. Now, Harris has an even bigger problem with the economy.
Fissures are forming in the economy just as the Fed’s long-running fight against inflation looks to be nearing its conclusion.
Wall Street banker bonuses forecast to rise 35% this year
Surge caused by rebound in market activity very likely to influence payouts for European outposts of banksBonuses for Wall Street’s investment bankers are forecast to jump as much as 35% this year – although experts have warned that payouts could be kn…
Global markets partly recover but analysts fear ‘we’re not out of woods’
Shares on Wall Street and in Asia and Europe start to recover after Monday’s routBusiness live – latest updatesShares on Wall Street have risen and many Asian and European markets staged a recovery after this week’s global stock market rout, but analys…
Why the stock market is plunging — and what it means politically
The odds that the U.S. will fall into recession are still relatively low, particularly given that consumers continue to spend at a healthy clip. But the risks are mounting.
Fear of US recession rattles global markets as tech shares fall
Concerns over American economy spur sell-off, with Japanese equities suffering worst day since 2020Business live – latest updatesStock markets in Europe, Asia and New York have been rattled by fears of a US economic slump, as technology shares were hit…
Bank of England economist argues against cutting interest rates – business live
Live coverage of business, economics and markets as Jonathan Haskel says UK ‘inflation will remain above target for quite some time’Rachel Reeves has pledged to “get Britain building again” after saying the government will introduce mandatory housing t…
French market leaps amid hopes Le Pen will fall short of outright victory
Euro rises against dollar as far right makes gains but investors believe result could have been worseBusiness live – latest updatesFrance election live – latest updatesShares on the French stock market have risen after the first round of voting in the …
French stock market plummets amid fears of far right election win
CAC 40 index has its worst week since March 2022 after Macron’s decision to call snap electionsFrance’s stock market is heading for its biggest weekly fall in more than two years, amid fears that the country’s far-right party could win the upcoming par…
Eurozone unemployment falls to record low; US GDP growth revised down – as it happened
BCC calls for improved relations with the EU to cut the costs for business, while sticky inflation worries marketsThose IT problems at TSB appear to be solved!A TSB spokesperson tells us:“We’re aware some customers had issues logging into our app and o…
Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme – as it happened
Strong quarterly results and hope of interest rate cuts drive DJIA to new alltime highDow Jones passes 40,000 points for first time amid strong quarterly resultsA group of business leaders have warned Rishi Sunak that the government’s migration policie…
Big banks vs little banks in the battle of who pays for failure
SNEAK PEEK — Banks: who pays if smaller ones collapse? — Budget highs, lows, and no-gos. —City minister meets with top female finance gurus ahead of International Women’s Day. Good morning! Today we’ve got battling banks, budget chat and crypto. Keep reading! DRIVING THE DAY BIG BANKS AND SMALL BANKS BATTLE OVER WHO SHOULD PAY […]
Biden’s economy keeps messing up Trump’s message
“You can’t blame the president when policies go wrong, and then say he’s not responsible if things are going right.”
Markets’ week ahead: Energy stocks spark while luxury goods lose sheen
Euronews Business looks at how European stock markets are opening this week amidst business climate data from Germany and upcoming UK inflation numbers
Buy now, pay later firm Klarna reports first quarterly profit in four years
Swing to profit of £9.6m by Swedish firm improves its fortunes in run-up to possible £12bn flotationThe buy now, pay later company Klarna has logged its first quarterly profit in four years, improving its fortunes in the run-up to a potential $15bn (£1…
ECB warns eurozone economy ‘remains weak’ after leaving interest rates on hold; US growth accelerates to 4.9% – as it happened
Eurozone central bank gives press conference after pausing its cycle of rate hikes, as inflation slows and Europe’s economy weakensFull story: ECB keeps interest rates steady amid eurozone recession fearsUS economy grows at fastest pace in nearly two y…
Birkenstock shares fall 12.6% after landing on the US stock market
Shoemaker lands on NYSE with $7.5bn valuation as investors bet there was less mileage in consumer demand for its sandalsShares in Birkenstock fell 12.6% after landing on the US stock market, valuing the German shoemaker at $7.5bn as investors bet there…
Bond market sell-off sends UK long-term borrowing cost to 25-year high
Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook marketsBusiness live – latest updatesBritain’s long-term cost of borrowing has hit its highest level since 1998, as political instabil…
Stock markets: handbagging for Paris does not lift threat to London
Small win reflects flagging designer handbag sales in China rather than a flood of tech groups listing in UK capital
Ørsted shares fall 25% after it reveals troubles in US business
Almost £7bn wiped off value of world’s largest offshore wind company over possible £1.8bn write-downShares in the world’s largest offshore wind company have tumbled by nearly a quarter after it said it may have to write down the value of its US portfol…
Nigel Farage says it is ‘sick joke’ that ex-NatWest boss who quit over his account will get £2.4m pay package – as it happened
Former CEO Alison Rose, who stepped down in July, will be paid as she sees out a 12-month notice periodThe pound, which started to drop in the wake of the poor Eurozone PMI data, has taken another tumble after UK figures pointing to similar woes at hom…
UK basic wage growth hits record high; Russia’s central bank lifts rates to 12% – as it happened
UK regular pay growth highest since 2001 while unemployment rate rises unexpectedly; rouble recovers afters Bank of Russia raises rates at extraordinary meetingThe statement doesn’t mention the rouble, which dropped to its lowest level in nearly 17 mon…
Italy waters down windfall tax on banks after market rout
Apparent backtrack to fifth of level of assets analysts had estimated follows fall in shares on TuesdayBusiness live – latest updatesItaly has watered down its new windfall tax on banks and set a cap on payouts, after the surprise levy spooked investor…
M&S refused permission to demolish and rebuild flagship Oxford Street store – as it happened
Michael Gove ‘decided to refuse permission,’ in a win for campaigners concerned about the carbon footprint of redevelopmentOn that subject, the maker of Mr Kipling cakes, Oxo cubes and Bisto gravy granules has said it believes recent food cost inflatio…