Andy Burnham will enter Downing Street on Monday with a promise that has eluded successive British prime ministers for more than a decade: reviving economic growth. But unlike his predecessors, Burnham is betting that the answer does not lie in Whitehall. Instead, the incoming Labour leader is proposing a sweeping transfer of power to Britain’s
As the second-quarter earnings season of 2026 approaches its most critical stretch, the global equity market finds itself at a pivotal crossroads. For over two years, a relentless, AI-driven bull run has propelled mega-cap technology valuations to historically elevated levels. However, the narrative on trading desks has undergone a fundamental shift. The era of rewarding
London’s FTSE 100 traded lower on Thursday as escalating tensions between the United States and Iran weighed on investor sentiment, while losses in technology stocks added further pressure to the blue-chip index. The FTSE 100 declined 0.2% to 10,492.99 points by 1038 GMT as investors adopted a cautious approach amid rising geopolitical uncertainty. Iran tensions
On Monday, the US government transferred approximately $297 million in seized Bitcoin and Ether to Coinbase Prime, a move it occasionally makes. This prompts the same two questions each time: is this merely for safekeeping, or is it a prelude to a sale, and will the government uphold its 16-month-old pledge not to sell confiscated
SpaceX has become one of Wall Street’s biggest targets for short sellers just weeks after completing the largest initial public offering in history, as investors increasingly bet that the Elon Musk-led company’s blockbuster valuation could come under pressure. The stock briefly slipped below its $135 IPO price on Wednesday before recovering to close at $135.27,
Salesforce stock has plunged by more than 50% from its December 2024 peak as concerns about its growth outlook have intensified. Its market capitalization has fallen from more than $347 billion to about $136 billion, and the selloff could continue as investors remain concerned about the company’s strategy and long-term growth prospects. Salesforce stock has
Binance Coin (BNB) is back in focus after a series of developments strengthened interest in the Binance ecosystem while technical indicators pointed to a possible trend reversal. At the time of writing, BNB was trading at $577.34, leaving it within striking distance of the next major technical hurdle. Bullish chart pattern puts $647 in focus
BlackRock (BLK) shares climbed in premarket trading on Wednesday after the world’s largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations. The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week. Lucid Group stock rises after denying it’s going bankrupt or private LCID stock crawled back after a
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs. Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices received by producers for