UK Chancellor Healey outlined plans for a fresh economic trajectory for Britain, though ongoing hostilities involving Iran have constrained his fiscal choices.
While the latest financial announcements have temporarily deferred immediate pressures, major concerns regarding the national economic outlook remain unaddressed. Further developments are anticipated as the situation continues to unfold.
European Central Bank President Christine Lagarde will step down on Feb. 7 next year, she announced Thursday.
Burger King's U.S. restaurants outperformed, while Popeyes disappointed.
Markets saw the decision as a hawkish pause and were last pricing in a 67% chance of a December rate hike.
Christine Lagarde says she decided to step down early because she wants to have ‘freedom of speech’ The Institute for Fiscal Studies said Wednesday’s budget was “broadly the budget that many people were expecting”. IFS director Helen Miller told journalists at a press briefing: A relatively small cost of living package and a handful of tax rises. Borrowing higher across the rest of the decade. Nods that there are bigger things to come, including in the 10-year plan. One surprise was the length of the scorecard. There were a whopping 98 measures. Some of this seemed to be in the spirit of the prime minister’s ‘everyday fixes’ – small measures that make things better. Sadly, there was also a lot of small, unhelpful fiddling with the tax system. That she [ Christine Lagarde ] leaves early is no surprise and does not change the outlook for ECB policies and for the way the ECB deals with Fren
Eli Lilly reported that sales of obesity drug Zepbound and diabetes treatment Mounjaro surged again in the third quarter.
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.