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Retail titan Mike Ashley has launched a scathing attack on Prime Minister Andy Burnham’s High Street revival policies, labelling them ‘populist reactions’ and ‘delusional’.…
Angela Rayner’s £39 billion pledge for thousands of new social…
The US Office of the Comptroller of the Currency (OCC)…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Investors appear to be preparing for another match-up…
Losses to UK pension schemes and funds with liability-driven investing strategies from forced selling of gilts during last year’s bond market crisis could be up to £4bn, MPs have heard.The figure was presented on Wednesday to the House of Commons work and pensions select committee,…
Electric vehicles (EVs) are seeing increased adoption as the push for a green-powered economy ramps up. According to a European Automobile Manufacturers’ Association (ACEA) report, over 12% of all European registered cars were battery-powered. This depicts a 3% increase from the 2021 figure. With EVs bringing…
European stocks and US futures were steady on Wednesday with the Federal Reserve poised to lift borrowing costs by a quarter percentage point in what would be the smallest increase in rates since last March. The regional Stoxx Europe 600 traded 0.2 per cent higher…
“The Big Short” investor Michael Burry tweeted out a piece of investing advice consisting of just one word, a day before the Federal Reserve’s market-moving interest rate decision. “Sell,” Burry said in a Twitter post to his 1.3 million followers Tuesday evening, which garnered more than…
Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. These closures are in addition to the 150 closures Bed Bath and Beyond announced last August. Included in the new list are 5 buybuy Baby locations and all 49…
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