Sunak accused of reaping £ 2.5bn ‘windfall’ as diesel hits new record high-live updates

Sunak accused of reaping £ 2.5bn ‘windfall’ as diesel hits new record high-live updates

Good morning. There are now fewer unemployed people than job vacancies in the UK for the first time ever, highlighting the crisis gripping the labor market as the cost-of-living crisis deepens. The unemployment rate dropped to 3.7pc in the first three months of the year – below economists’ forecasts and its lowest since 1974. But … Read more

Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Department finally reported an ever-so-slight decline in inflation, as a measure of individual investor sentiment showed the largest percentage of individual investors that were bearish … Read more

Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup

Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup

OMAHA, Neb. – Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $ 51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway BRK.A, -0.16% BRK.B, -0.34% shareholders at the company’s recent annual meeting. That means investors already … Read more

Berkshire Hathaway Sold Nearly All Its Verizon Stake in the First Quarter

Berkshire Hathaway Sold Nearly All Its Verizon Stake in the First Quarter

Text size Warren Buffett’s Berkshire bought stakes in Paramount Global and Market in the first quarter. Paul Morigi / Getty Images for Fortune / Time Inc Berkshire Hathaway bought stakes in Citigroup , Paramount Global , spirit Markel in the first quarter, while nearly eliminating an interest in Verizon Communications, according to a filing late … Read more

Stock Market Today: Dow Wavered, Oil Prices Slipped After Weak Chinese Data

Stock Market Today: Dow Wavered, Oil Prices Slipped After Weak Chinese Data

Text size Stocks have sold off in recent weeks amid investor worries over inflation and growth. Ed Jones / AFP via Getty Images The stock market was mostly lower Monday, as investors digested a rally to close out last week. Markets are awaiting economic data out Tuesday. The Dow Jones Industrial Average closed up 27 … Read more

Abbott says agreement reached to reopen baby formula plant

Abbott says agreement reached to reopen baby formula plant

Infant formula maker Abbott says it’s reached an agreement with US health officials to restart production at its largest domestic factory, a key step toward easing a nationwide shortage Town ZEKE MILLER and MATTHEW PERRONE Associated Press 16 May 2022, 21:14 • 4 min read Share to FacebookShare to TwitterEmail this article WASHINGTON – Baby … Read more

Chevron, Micron and 18 More Stocks Goldman Recommends to Ride Out the Storm

Chevron, Micron and 18 More Stocks Goldman Recommends to Ride Out the Storm

Text size Qualcomm is one of the 20 stocks on Goldman Sachs’ ‘margin of safety’ list. Pau Barrena / AFP via Getty Images Exxon Mobile , Qualcomm , Micron spirit Chevron are just some of the 20 “margin of safety” stocks Goldman Sachs recommends as macroeconomic and geopolitical headwinds have roiled US stocks markets. The … Read more

5 things to know before the stock market opens Monday, May 16

5 things to know before the stock market opens Monday, May 16

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open slightly lower after 7 straight weeks of selling Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 13, 2022. Brendan Mcdermid | Reuters US … Read more

Energy price cap to be reset every three months amid market chaos

Energy price cap to be reset every three months amid market chaos

Good morning UK energy bills could be reviewed every three months under new proposals by Ofgem. The regulator is launching a consultation into whether the price cap should be updated quarterly from October, rather than every six months. The plan is designed to keep energy bills more up-to-date, allowing customers to benefit from cheaper bills … Read more