Rachel Reeves Confronts Bond Market Crisis as UK Yields Soar
Chancellor Rachel Reeves faces a stern test as UK bond yields surge, echoing France's recent market turmoil. Can Labour's economic plan withstand the pressure from global markets?
Category : Markets
FTSE 100 Tumbles Amid Global Tech Stock Plunge
The London Stock Exchange faced a sharp sell-off on Thursday, with the FTSE 100 dragged down by a global tech rout and disappointing corporate earnings. Key figures like Elon Musk face scrutiny.
Elon Musk Loses World's Richest Title After $13B Wipeout
Elon Musk's fortune has dramatically declined by over $13 billion in a single day as Tesla shares plummet, dethroning him from his position as the world's wealthiest person amidst a challenging market period for his companies.
Ellison Overtakes Musk as World's Richest Person
In a dramatic financial upheaval, Oracle founder Larry Ellison has dethroned Elon Musk to become the world's wealthiest individual, according to the latest Bloomberg Billionaires Index. The shift follows a significant drop in Tesla's stock value.
Jamie Dimon's Chilling Economic Warning
JPMorgan Chase CEO Jamie Dimon has delivered a sobering assessment of the global economy, warning of a 'hard landing' and potential stagflation. The banking titan's comments signal turbulent times ahead for markets, interest rates, and government spending
Top City Broker Suspended Over Explosive Leaked Video
A senior broker at top financial firm TP ICAP is under investigation after a video of an expletive-filled rant, allegedly directed at a junior female colleague, was leaked online, sparking outrage in the Square Mile.
Sweden Targets Fully Cashless Society by 2030
Sweden is leading a financial revolution, with plans to eliminate physical currency entirely within the next decade. Discover how this bold move is transforming everyday life and what it means for the future of money.
Exact savings amount Brits need to avoid stress revealed
New research uncovers the magic savings number that brings Britons peace of mind and how many are falling dangerously short of this crucial financial buffer.
FTSE 100 Plunges as UK Economy Enters Contraction
The UK's FTSE 100 index faces a sharp sell-off as official data confirms the economy shrank in Q3 2024, sparking fresh recession fears and market volatility.
Trump Warns Wall Street of 'Bloodbath' if He Loses Election
Donald Trump issues a stark warning to Wall Street donors in Tokyo, claiming a stock market 'bloodbath' will occur if he is not re-elected in November.
Trump Launches Lawsuit Against Fed's Lisa Cook
Federal Reserve Governor Lisa Cook is hit with a lawsuit by Donald Trump, alleging constitutional violations over her continued tenure. This explosive legal move threatens a major clash between US political and financial institutions.
LA Gas Station Sells Winning $1.7 Billion Powerball Ticket
A humble Los Angeles service station becomes instant millionaire maker as single winning ticket claims world's second-largest lottery jackpot. Winner's identity remains mystery.
Ben & Jerry's Founders: Unilever's Social Conscience 'Dead'
Exclusive: Ben Cohen and Jerry Greenfield slam parent company Unilever for abandoning ethical values, warning customers and staff of corporate betrayal.
State Pension Shock: Millions Face New Tax Bills
Exclusive: Millions of UK pensioners are set to be dragged into the tax net for the first time as the state pension is projected to breach the personal allowance limit within years, in a major blow to retirement incomes.
ISA Rates Crash Despite Bank of England Holding at 5.25%
UK savers face a harsh reality as average ISA rates fall dramatically, offering negative real returns despite the Bank of England's base rate remaining at 5.25%.
Urgent Alert: Move Your Savings Now as Banks Slash Rates
Exclusive: Major banks are quietly cutting savings rates, leaving millions of Britons earning less. Experts reveal why you must act immediately and where to find the best returns.
Budget Shock: Hunt Plans Pension Tax Relief Overhaul
Exclusive: Jeremy Hunt considers major overhaul of pension tax-free lump sum rules in the upcoming budget, potentially affecting millions of savers' retirement plans.
Asian Markets Dive Following Fed's Hawkish Stance
Major Asian stock markets, including Tokyo's Nikkei and Hong Kong's Hang Seng, plunged sharply after US Federal Reserve signals dashed hopes for imminent interest rate cuts, mirroring a significant sell-off on Wall Street.
Trump Vows to Block Aid to Nations Ditching US Dollar
In an exclusive interview with GB News, former US President Donald Trump issued a stark warning to global leaders, pledging to cut off financial aid to any country that ditches the US dollar. The bombshell comments came during his UK visit, where he also
Billionaire Blasts Trump's 'Risky' Economic Policies
Prominent billionaire and former Trump supporter issues a stark warning, claiming the President's financial strategies are jeopardising the economic security of ordinary Americans and their hard-earned savings.
Australians Cash In On Record Gold Price Surge
Soaring global gold prices have triggered a selling frenzy across Australia, with households and investors rushing to cash in on jewellery, coins, and bullion. Discover the economic forces behind the surge and what it means for the global market.
Missouri & Texas Winners Claim Record £1.3bn Powerball
Two lucky lottery tickets from Missouri and Texas have hit the monumental £1.3 billion Powerball jackpot, ending a three-month winless streak and creating instant billionaires.
Gov't-Backed 6% Savings Rate Beats High Street Banks
Exclusive: A new government initiative is offering a market-leading 6% interest rate on savings, providing a major boost for savers across England and Northern Ireland amidst the cost-of-living crisis.
Standard Life Aberdeen to Cut 500 Jobs in Restructure
Financial giant Standard Life Aberdeen announces 500 job cuts as part of a £75m cost-saving initiative, aiming to streamline operations and boost profitability.
FTSE 100 Crashes as UK Inflation Stays at 8.7%
The FTSE 100 suffered its worst day in two months as stubbornly high UK inflation data crushed hopes of a near-term interest rate reprieve, sending shockwaves through the mortgage market.
Japan's Stock Market is a 'Bubble', Warns Senior Politician
Exclusive: In a startling intervention, a senior Japanese statesman warns the nation's roaring stock market is overheating and echoes the dangerous 'bubble economy' of the 1980s, urging immediate government action.
Texas Shop Sells £1.5 Billion Powerball Winning Ticket
A historic £1.5 billion Powerball jackpot has been won with a single ticket sold at a Texas corner store, sparking a frantic search for the anonymous winner and making the retailer a millionaire overnight.
$1.3BN Powerball Won: Winner's Crucial Next Steps
A massive $1.3 billion Powerball jackpot has finally been claimed. Discover the crucial first steps the winner must take to protect their windfall, from legal advice to financial planning, in our essential UK-focused guide.
Powerball Jackpot Soars to £1.2 Billion
The US Powerball jackpot surges to a staggering $1.23 billion after no ticket matched all numbers in the latest draw. Discover the winning numbers and what happens next.
Rare 'Trailing T' 50p Coin Error Could Be Worth Over £100
A rare minting error on a 2016 50p coin has created a hidden treasure in your change. Discover the 'Trailing T' flaw that could make this common coin worth a small fortune to collectors.
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