Latest in Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10 year borrowing costs highest since 2008 – business live
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New York's highest court won't stop Trump's sentencing
President-elect Trump's sentencing for his criminal conviction is scheduled for Friday.CBS News - 28m -
Pound falls to lowest in over a year as borrowing costs soar
Economists have warned the rise could mean further tax hikes or spending cuts by the government.BBC News - 52m -
Why are UK borrowing costs rising and what does it mean for me?
Government borrowing costs have hit their highest level for several years - what does it mean for you?BBC News - 59m -
UK government seeks to soothe bond market nerves after borrowing costs soar
Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’Financial Times - 1h -
10-year Treasury yield rises to highest since April as Fed notes upside risk to inflation
The benchmark yield topped 4.7%, after the latest Fed meeting minutes indicated greater concern over inflation.CNBC - 18h -
Trump could declare national economic emergency to justify universal tariffs, CNN reports
The president-elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.CNBC - 1d -
State of emergency declared due to devastating California wildfires
Los Angeles remains in a state of emergency due to the deadly wildfires spreading across the county. CBS News correspondent Elisa Preston reports on the ground in Malibu.CBS News - 14h -
UK 10-year borrowing costs hit highest level since 2008
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rulesFinancial Times - 22h -
Trump considers declaring national economic emergency to impose tariffs
Move would allow president-elect to implement broad tariffs after threatening Panama, Greenland and Canada. Donald Trump is mulling over the idea to declare a national economic emergency to ...The Guardian - 1d -
Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live
Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...The Guardian - 1d -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - 1d -
Rescuers search for 2 British hikers missing since New Year's Day in Italian alps
Rescue crews have found the body of a British hiker buried in the snow of the Italian alpsABC News - 1d -
FirstFT: California declares state of emergency as wildfires rage
Also in today’s newsletter, Facebook ends third-party fact-checking, and analysts turn on Citi’s chief executiveFinancial Times - 1d -
10-year Treasury yield ends at highest since April as inflation worries grow
U.S. government debt sold off aggressively on Tuesday, pushing the benchmark 10-year rate to its highest level in more than eight months, after an ISM services-sector reading contained signs of ...MarketWatch - 1d -
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.MarketWatch - 1d -
Borrowing home equity in 2025? 3 things to consider first
Borrowing home equity in 2025 could be beneficial for owners, as long as they first account for these three items.CBS News - 1d -
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
The Chancellor may face the prospect of breaking her own Budget rulesBBC News - 1d -
Search begins for British hikers missing in northern Italy since New Year’s Day
Aziz Ziriat, 36, and Samuel Harris, 35, were ‘planning on going off-grid’ during holiday in the Dolomites. A search is under way for a pair of British hikers in the Dolomites in northern Italy who ...The Guardian - 1d -
‘Inflation levels seem to be increasing’: Businesses are worried about tariffs and rising prices.
The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.MarketWatch - 1d -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - 1d -
France marks 10 years since deadly Charlie Hebdo attacks
A decade after gunmen stormed the offices of satirical newspaper Charlie Hebdo in a deadly assault that shook France to its core, the nation paused Tuesday to honor the victims and grapple with the ...ABC News - 2d -
Trump will need to ‘establish a relationship’ with next Canadian PM as he threatens new tariffs
Canadian Prime Minister Justin Trudeau announces plans to step down after growing calls for his resignation. New York Times Canada Bureau Chief Matina Stevis-Gridneff and NBC News Correspondent ...NBC News - 2d -
30-year Treasury yield ends at highest since November 2023 after report of Trump tariff plans
Yields on U.S. government debt finished mostly higher on Monday as traders focused on a report about President-elect Donald Trump’s plans for applying tariffs.MarketWatch - 2d -
Trump reportedly considering important alteration to tariff plans
President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.CNBC - 2d -
China’s economy still hasn’t fully emerged from the pandemic as a new year dawns
Weak consumer demand is just one of a range of factors plaguing the economy as the calendar turns from 2024 to 2025, even after policy makers meted out stimulus measures throughout the past year.MarketWatch - 3d -
UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds
Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.CNBC - 3d -
UK businesses plan price increases as Budget drives up costs
Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of CommerceFinancial Times - 3d -
Antibiotic emergency ‘could claim 40 million lives in next 25 years’
As superbugs spread across the globe, death rates from antimicrobial resistance are set to double, says England’s former chief medical officer. Dame Sally Davies has a straightforward message about ...The Guardian - 4d -
From Trump tariffs to AI: the big economic questions facing governments in 2025
The main issues confronting policymakers around the world seem particularly portentous this new year. January is always a time for new beginnings and fresh thinking. But with Donald Trump heading ...The Guardian - 4d -
Crimea officials declare emergency as oil spill reaches Sevastopol
Fuel oil spilled out of two storm-hit tankers three weeks ago in Kerch Strait.ABC News - 4d -
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US housing supply reaches highest total since 2019: Redfin
Per Redfin, active listings have been rising 0.5% month over month and 12.1% year over year on a seasonally adjusted basis.The Hill - 5d -
Evening Report — Nation on edge after New Year's Day violence
{beacon} Evening Report © AP Photo/Gerald Herbert Security heightened nationally after New Year's attack THE NATION IS ON EDGE after two shocking instances of violence on New Year’s Day in New ...The Hill - 6d -
10-year Treasury yield ends not far from 7-month high as new trading year begins
Yields on U.S. government debt ended little changed on Thursday, leaving the benchmark 10-year rate near its highest level since late May.MarketWatch - 6d -
10 people shot outside New York City nightclub on New Year's Day: NYPD
At least 10 people were shot outside a Queens nightclub on New Year's Day, according to the New York City Police Department.The Hill - Jan. 2 -
Moment pick-up truck enters busy street on New Year's Day
CCTV catches moment pick-up truck turns into a busy street in New Orleans killing several people.BBC News - Jan. 2 -
Happy new you! 10 of the best UK wellbeing retreats for 2025
Get the year off to a positive start by booking a restorative break. We pick the best wellness retreats, with yoga, swimming, walking and more in pretty settings from the Highlands to Essex. At the ...The Guardian - Jan. 1 -
How tariffs could affect health care costs
{beacon} Health Care Health Care The Big Story How tariffs could affect health care costs President-elect Trump’s proposed tariffs on imports could drastically affect the cost of prescription ...The Hill - Dec. 31 -
Trump tariffs threaten pharmaceuticals
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump tariffs could upend pharma supply chain The hefty tariffs President-elect ...The Hill - Dec. 31
