High Street job losses are “inevitable”, prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning. Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures. In a letter to Chancellor Rachel Reeves, they said the “cumulative burden” of
Gold futures rose, recouping some ground as the U.S. dollar’s rally slowed, BMI said, adding the Fed’s likely more-cautious approach to rate cuts will be a headwind, but while there are strong downside risks to gold in 2025 and significant volatility should be expected, in the longer term prices should stay elevated compared with the prepandemic levels. Source link
Domestic energy prices are expected to edge up again in the New Year, according to consultancy Cornwall Insight. The forecaster, which is widely regarded for its accurate predictions, said a household using a typical amount of gas and electricity would pay £1,736 a year from January. That would be a £17 a year, or 1%, rise compared with a current typical annual bill of £1,717, with prices forecast to stay
New Zealand’s NZX-50 closed 0.6% higher at 12764.55, recovering almost all the ground it lost last week despite a weak lead from U.S. equities. Source link
Getty Images Mortgage costs are rising – with the average rate on a two-year fixed deal now at 5.5% – despite a recent cut in interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days. That has created a headache for borrowers hoping costs were on a consistent downward trend, especially in light of the Bank
Investing.com — Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted earnings per share of RMB15.06 ($2.15), beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion ($33.7 billion), up 5% YoY but slightly below the consensus forecast of RMB239.97 billion. Alibaba’s core China commerce retail business
Gold futures ticked higher as market attention shifts toward U.S. economic data. Source link
Investing.com – Shares in Tesla (NASDAQ:) jumped by more than 6% in premarket US trading on Monday (NASDAQ:), pointing to an extension in a post-election rally in the electric vehicle giant. The stock spiked by 8.2% on Friday, pushing Tesla’s market valuation above $1 trillion, fueled by wagers that the company and its Chief Executive Elon Musk would be major beneficiaries of Trump’s second four-year term in the White House. Musk
Investing.com — US stock rose Monday, at the start of the new week that includes key inflation data as well as an abundance of Federal Reserve speakers. Here are some of the biggest premarket US stock movers today: Tesla (NASDAQ:) stock rose 7% after the EV manufacturer’s valuation closed above the $1 trillion mark on Friday, on expectations that CEO Elon Musk’s companies will get favorable treatment under President-elect Donald
Investing.com– U.S. stock index futures rose in evening deals on Sunday with focus turning to upcoming inflation data and a slew of Federal Reserve speakers for more signals on whether Wall Street will extend its recent rally. Wall Street was on a tear in the second half of last week after Donald Trump won the 2024 presidential election, clearing out a major point of uncertainty for markets. An interest rate
