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Man City guilty of ‘sham’ sponsorship deals after decade of English soccer dominance
Source: CNBC
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Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.
CNBC
Trump's meeting with tech leaders leaves AI safety more unsettled than ever
Following Trump's lunch with AI leaders at the White House, the industry remains largely unchanged on AI safety.
The Guardian
UK economic growth revised higher; diesel on brink of £2 a litre for first time – business live
UK cements its place as fastest-growing G7 country so far this year This morning’s upgrade to UK growth in April-June is a boost to Andy Burnham, analysts say, even though he didn’t take office until almost a month later. Chris Beauchamp , chief market analyst at IG , says: “Still on a post-speech high, the upgraded figure is yet more good news for the UK’s still-new(ish) prime minister. The highest growth in the G7 for the first half is certainly a headline and one that will help keep nervous MPs in line for a while, plus it helps take off pressure for a new election - why risk it now when things appear to be improving nicely.” The upward revision to real GDP growth in Q2, from 0.4% q/q to 0.5% q/q, suggests that the economy has been a bit more resilient to higher energy prices in the first half of the year than previously thought. This resilience may continue into Q3, but we still expe
CNBC
Private sector jobs rose by 90,000 in September, better than expected, ADP reports
Private job creation picked up in September after a brief slowdown.
CNBC
More Americans are tapping investments to pay for spending, analysis finds
Across all age and income groups examined in new research, the share of individuals transferring money from investment accounts to checking accounts has risen.
CNBC
Boeing rises 3% after securing U.S. navy deal to develop next-generation fighter jet
The Department of War and the U.S. Navy said Tuesday that it's chosen aircraft manufacturer Boeing to develop its next generation of fighter jets.