The economy is still a key issue in the 2026 election, but voters are concerned about Trump testing the bounds of the office and Democratic Socialist polices.
What Democrats and Republicans fear most about each other: CNBC survey has the answers
Source: CNBC
Original reporting
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CNBC2 outlets
Saudi Arabia says it intercepted missiles and drones from Iran-backed Houthis
Saudi Arabia says it intercepted Houthi missiles and drones, while the Houthis claimed attacks on airports and energy sites amid rising regional supply risks.
The Guardian
Interest rates unlikely to reach 4.75% by next summer, say City economists
Experts say Bank of England unlikely to increase rates by full percentage point – and could lower them by end of 2027 Financial markets are wrong to predict the Bank of England will raise UK interest rates by a full percentage point or more by next summer, City economists believe. According to market-implied interest rate expectations, the Bank is likely to raise interest rates at least four times over the next year, lifting the bank rate from 3.75% today to 4.75% by the end of July, and possibly to 5% – meaning five rises – by December 2027. Continue reading...
CNBC
Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.
BBC Business2 outlets
Budget to include £1bn for social and affordable housing
The move will take funding for the 10-year programme to more than £40bn.
The Guardian
Retail leads the way on paternity leave as government urged to improve offer
M S and Tesco are among employers offering six weeks, highlighting gap with construction and agriculture “Being able to take six weeks’ paid paternity leave, flexibly, made a huge difference to me and my family, giving me the time to support my partner and settle into being a new parent,” said Marks Spencer employee Joe Erskine. The food and clothing retailer increased its paternity leave offering from two to six weeks at full pay in 2024, meaning Erskine benefited from the new policy when his second child was born 17 months ago. Continue reading...
The Guardian
Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds
Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditors The boss whose twice-bust business appears to be back Insolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests. The study is the latest to raise questions about the practice of “ phoenixism ” – accounting’s controversial art of liquidating companies to allow directors to return with a new entity, free of debts. Continue reading...