Shop sales in surprise fall as Budget fears hit spending

EBay’s sales outlook comes in weaker, and stock falls more than 7%

EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.

Business - MarketWatch - October 31

Wendy’s stock falls as same-restaurant sales miss again, by a wide margin

Shares of Wendy’s Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.

Business - MarketWatch - October 31

Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year

Lowe's topped quarterly earnings and revenue estimates, but even its raised sales outlook would be a decline from last year.

Business - CNBC - 3 days ago

Graham hits former generals' criticism of Trump: 'Trying to replace joy with fear'

Sen. Lindsey Graham, R-S.C., tore into a handful of former military generals and ex-Trump administration officials for their criticism of the former president.

Reeves’ Budget measures risk hitting ‘working people’, analysts say

Some businesses will struggle with tax rises alongside a higher minimum wage and new labour laws

World - Financial Times - October 29

Rental homes supply will be hit by Budget stamp duty changes, say landlords

Levy on second homes and buy-to-lets raised from 3 per cent to 5 per cent

World - Financial Times - October 30

UK hits wealthy with raids on non-doms, private equity and estates

Chancellor pressed ahead with contentious changes to offshore trusts used by rich foreigners

Business - Financial Times - October 30

UK borrowing costs hit highest level this year as gilt sell-off intensifies

Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ Budget

Business - Financial Times - October 31

Budget fallout will hit UK plc’s squeezed middle hardest

Smallest private sector employers will be protected from NI increase while big business can pass cost on to consumer

World - Financial Times - November 11

UK retailers warn Reeves of £7bn hit from Budget changes

Changes to national insurance, national living wage and an existing packaging levy set to raise costs in the sector

Business - Financial Times - 4 days ago

The Papers: 'Business blames budget' and 'UK economy takes hit'

A survey indicating a slowdown in private business activity, which some blame on the government, leads the front pages.

Apple Sales Hit Quarterly Record as iPhone Business Rebounds

Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

Business - The Wall Street Journal - October 31

Russian sales of Chinese cars surge after western sanctions hit

Purchases of vehicles from Asian nation’s automakers reach fresh records as Russians ‘vote with their wallets’

World - Financial Times - November 15

Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...

World - The Guardian - October 30

At last, a government willing to spend – but this budget will expose it to two great dangers | Aditya Chakrabortty

The good news: more money is on the table. The problems lie around how it will be raised – and who doesn’t stand to benefit. Change. That’s what Keir Starmer promised, isn’t it? In white letters ...

World - The Guardian - October 31

Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off

Tech - ABC News - October 30

OBR expected markets to be ‘surprised by the budget’; markets brace for US election – business live

Rolling coverage of the latest economic and financial news. Associated British Foods, the owner of discount clothing chain Primark, has posted a 43% rise in pre-tax profits for the last year. . ...

World - The Guardian - November 5

WATCH: Falling scaffolding plank almost hits pedestrians in Boston

Surveillance footage captured a frightening moment for commuters in Boston last week when a large scaffolding plank came crashing down outside a train station, nearly hitting several people.

Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold

Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.

Business - CNBC - November 7

Jane Street invested in start-up turning China’s noodle shop sales into securities

Micro Connect has amassed wealth of real-time data on China’s economy by financing small businesses in exchange for revenues

World - Financial Times - November 15

Retail sales climb again ahead of holiday shopping season. U.S. economy still has momentum.

Sales at retailers rose solidly in October and suggested the economy still has plenty of momentum heading into the holiday shopping season.

Business - MarketWatch - November 15

Amazon's Black Friday sales are here — shop the 27+ best early deals now

Browse the best early Black Friday deals on Amazon, including tech, beauty essentials, kitchen gadgets and more. Shop brands like Dyson, Yeti, Oura and Anker.

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...

World - The Guardian - October 31

Target's big discounting effort falls short as consumers spend less on some goods

Target reported earnings Wednesday that came in far below Wall Street's expectations, something the big-box retailer attributed to slower than expected demand.

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...

Business - MarketWatch - October 30

Retail Group Sees $78 Billion Spending Hit From Trump Tariff Plan

A National Retail Federation predicts a huge loss in consumer spending power under Trump, who also threatened Mexico and China with further tariffs over fentanyl flows to the U.S.

Business - Inc. - November 5

China’s ‘mind-blowingly’ cheap shopping app Temu hits roadblocks in south-east Asia

Known for its deep discounts and viral marketing, the online marketplace has fallen afoul of regulators for threatening the livelihoods of local vendors. Chinese online marketplace Temu has ...

World - The Guardian - 5 days ago

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