Author: WTX Business Team
Tesla, bitcoin and dollar jump as investors pile into ‘Trump trades’ Bitcoin hit a fresh record, the US dollar rose to a four-month high and Tesla shares jumped, as investors raised bets on the big winners from Donald Trump’s US presidential election victory. The dollar was up 0.4 per cent against a basket of its peers on Monday, passing the level it hit the day after the election last week and taking it to its…
China, after decades of mostly export-based growth, must now deal with massive problems of industrial overcapacity. The country is now trying to encourage more domestic consumption and to diversify its trading partners.
In very traditional Republican terms, he’s talking about tax breaks and reduced regulation. In terms of some of his specific pledges on the economy, he’s talking about getting rid of income taxation on tips and overtime. These things combined have the potential to be quite domestically inflationary, I would say.
Underground air to heat London’s iconic buildings Excess heat from London’s Underground will power iconic buildings in a new £1bn net zero scheme. This low-carbon network will soon channel excess heat from the Underground to power several sites in central London, namely Downing Street and the National Gallery. This comes following last week’s Budget, in which chancellor Rachel Reeves announced significant investments in green energy, including a £2bn pour into UK’s hydrogen schemes. The initiative was recently…
UK economy at risk of higher inflation and slower growth due to Trump tariffs Economists are concerned by the likely impact of Donald Trump’s economic policies on the UK following his historic election victory. During the campaign, Trump threatened to increase tariffs on foreign imports by between 10-20 per cent while also placing 60 per cent tariffs on Chinese goods. A tariff is a levy imposed on imports. By putting extra costs on businesses importing…
US Treasury yields jump and Bitcoin hits record as Trump wins election US Treasury yields jumped and Bitcoin surged to a new record as markets reacted to Donald Trump’s victory in the presidential election. Republicans have taken back control of the Senate, while Trump is due to return to the White House after winning the crucial battleground of Pennsylvania. Trump declared victory in a speech in Florida after having earlier won the key swing states…
CITY AM reports on James Dyson’s complaints about the ‘spiteful’ inheritance tax changes.
Boeing workers have ended their seven-week strike after voting to accept the company’s latest pay offer. The new contract will give the workers a 38% pay increase over four years, along with a $12,000 one-time bonus and updates to retirement plans.
Why uncertainty over the US election is a nightmare for investors Uncertainty over the US election has put portfolio risk front of mind, as investors seek to both protect themselves from volatility and ensure they are well places to take advantage of the successful candidate’s policies, says Colin Clunie This year’s US Presidential Election, set to take place on 5 November, is predicted to be one of the tightest in history, with the incredibly close…
Schuh has created over 1,000 jobs since lowest pandemic ebb Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck. The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months. Until the end of its year to 3 February, 2024, Schuh had not employed more…
Bank of England set to lower interest rates as Budget dampens bets for 2025 The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government’s first Budget will push up inflation. Analysts predict members of the Monetary Policy Committee (MPC) will vote to cut the central bank’s base rate by a quarter-point to 4.75 per cent at their next…
