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Markets rally after Starmer says Reeves to remain chancellor and backs fiscal rules
Investor confidence improved as confirmation of Reeves continuing as chancellor, along with support for fiscal discipline, helped stabilize market conditions following recent conce...
Read Full Article →BlackRock and Schroders bought gilts during market slump
Major investment firms increased their government bond portfolios amidst market declines, anticipating that the recent drop caused by uncertainty surrounding political leadership w...
Read Full Article →Chris Hohn’s hedge fund TCI beats stock markets with 21% gain
Chris Hohn’s hedge fund achieved notable first-half profits by strategically investing in companies like GE Aerospace, Microsoft, and Visa, resulting in a return that outperformed...
Read Full Article →European CEOs urge Brussels to halt landmark AI Act
Top executives from major European companies are actively engaging with policymakers in Brussels to influence upcoming AI legislation, highlighting potential economic impacts on th...
Read Full Article →ECB officials question whether euro has strengthened too much
Central bank representatives express concern that a rapidly appreciating currency could hinder economic growth by making exports less competitive and reducing inflationary pressure...
Read Full Article →How Goldman won big in the Fed’s annual stress test
Goldman Sachs increased its shareholder distributions after benefiting from a more lenient stress test scenario and adjusted regulatory criteria during the Federal Reserve’s latest...
Read Full Article →Trump budget reduces support for US minerals despite trade concerns
The proposed budget adjustments are expected to increase expenses for firms involved in extracting critical minerals like lithium, nickel, cobalt, and magnesium, potentially impact...
Read Full Article →Investors fret on talk of AstraZeneca US move
Concerns have grown among shareholders about the potential impact on the UK market and investment stability if AstraZeneca relocates its operations to the United States.
Read Full Article →UK bonds slump on doubts over Reeves’ future after tearful PMQs
The uncertainty surrounding the Chancellor’s position has led to a decline in UK government securities, reflecting market concerns about political stability and its potential impac...
Read Full Article →Bumble chief criticises staff for ‘freaking out’ over London job cuts
The Bumble CEO highlighted concerns about changes in the workforce and suggested that shifts in user behavior may impact the company’s future revenue and market position.
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