Following Zohran Mamdani's election as New York City mayor, another democratic socialist is set to become mayor of Washington, D.C.
Democratic socialist set to become D.C. mayor — and face Trump's pushback
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Retail sales in Great Britain fall as struggling households cut back
Rolling coverage of the latest economic and financial news Heineken has warned British bars and pubs that the boom in popularity of weight-loss drugs could lead to a fall in sales of beer and cider. The world’s second largest brewer sent a presentation to British hospitality customers earlier this month warning that GLP-1 use – led by Ozempic and Wegovy – can reduce the desire to drink alcohol , which could lead to “fullness and fewer serves” of pints in pubs and bars. The jobs balance rose to 50.5 from 48.9 in September, consistent with a 9K month-to-month payrolls gain in October. Solid growth is helping, probably alongside an easing drag from the payroll-tax hike. …The steady recovery in jobs growth further undermines any case for waiting to hike rates. A November rate hike is a shoo-in, and we expect another rone in February. We are very close to adding a third hike in May or earlier