Pound and Borrowing Costs Stabilise after Market Nerves

Reeves defends herself after market turbulence

The chancellor says it is "not reasonable to suggest" she was at fault for the recent market nervousness.

BBC News - 7h

Emma Raducanu overcomes dodgy serve and nerves to battle into Australian Open second round

Emma Raducanu battled a misfiring second serve and visible nerves to come through her Australian Open first-round match against 26th seed Ekaterina Alexandrova.

Yahoo Sports - 14h

Biden cancels student loans for 150,000 more borrowers

President Joe Biden announced his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt cancelled under the ...

NBC News - 1d

Biden's total student debt relief passes $183 billion, after he forgives another 150,000 borrowers

In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers.

CNBC - 1d

Starmer aims to refocus attention on growth after hit from markets

UK PM pledges to be ‘best state partner’ for AI companies as he faces ominous economic and political backdrop

Financial Times - 1d

The bull market is still intact. This pullback is just the cost of doing business, says strategist

The S&P 500 is probably halfway through its setback already, says Truist strategist.

MarketWatch - 1d

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - 1d

Synagogue Congregation Grieves in Borrowed Home After L.A. Fires

Across Los Angeles, congregants displaced by the blazes met for their first services in borrowed churches, synagogues and other temples.

The New York Times - 2d

Friedkin Group believes Moyes can stabilise Everton and restore lost values | Andy Hunter

Scot has the experience new owners see as vital to avoid relegation before move to stadium at Bramley-Moore dock. The prospect of David Moyes returning as Everton manager was met with an almost ...

The Guardian - 3d

Stock market plunges after better-than-expected December jobs report

The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...

CBS News - 3d

Snow and Ice Pound the South, Snarling Travel

A winter storm was sweeping across a wide swath of the South on Friday. Atlanta’s airport issued a ground stop after a plane was evacuated onto a snowy runway.

The New York Times - 3d

UK government borrowing costs rise towards 16-year high

Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rules

Financial Times - 4d

The Costs of the Los Angeles Fires

Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.

The New York Times - 4d

A market in suspense

Plus: what’s the point of stablecoins?

Financial Times - 4d

Whitehall braced for spending cuts after UK hit by bond market turmoil

Rising gilt yields mean government departments may face further squeeze

Financial Times - 4d

Pound falls to lowest in over a year after UK borrowing costs rise

Economists have warned the rise could mean further tax hikes or spending cuts by the government.

BBC News - 5d

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 - 5d

UK borrowing costs rising - 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 - 5d

A 300-Pound Pig Is Rescued From Los Angeles Wildfires

As the Los Angeles wildfires strained the city’s animal shelters, community members stepped in to help a couple rescue their pet potbellied pig.

The New York Times - 5d

How to Get Your Company Ready to Borrow in 2025

Here are some tips to make your loan applications go smoothly and quickly in the new year.

Inc. - 5d

A plunging pound with surging U.K. yields suggest the bond vigilantes are lurking

A plunging pound and a surge in U.K. government borrowing costs to their highest since the great financial crisis serve as a warning to the U.S. and other countries that the bond vigilantes are ...

MarketWatch - 5d

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 rules

Financial Times - 6d

Breton, a 1,400-pound great white shark, returns to Florida coast

Breton, who was first tagged in 2020, has previously made trips to Florida around this time of year.

CBS News - 6d

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 - 6d

Pound and Borrowing Costs Stabilise after Market Nerves

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