‘Mortgage rate war’ fuels unexpected rise in house prices – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. House prices have unexpectedly increased for a second consecutive month as mortgages come into the reach of more buyers. The average value of a home grew 0.2pc between October and November and stands at £258,557, according to the Nationwide … Read more

UK unemployment lowest since 1970s, suggests ONS ‘experimental’ data – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. New experimental data from the Office for National Statistics indicates that unemployment may have been as low as 3.5pc in the three months to May. The data, which statistician said is “very early” and “only indicative”, would put the … Read more

Saudi Arabia buys 10pc stake in Heathrow Airport – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Saudi Arabia will own 10pc of Heathrow after Spanish infrastructure giant Ferrovial announced it was offloading its 25pc stake in Europe’s busiest airport. Ferrovial, which was the transport hub’s largest shareholder, said it has reached a £2.4bn deal to sell its remaining shares … Read more

Falling food inflation at risk of reversing next year, warn supermarkets – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Falling food price inflation risks being reversed as supermarkets are weighed down with extra costs imposed by the Chancellor, retail chiefs have warned. Helen Dickinson, chief executive of the British Retail Consortium (BRC), said changes to pay and taxes introduced by Jeremy Hunt … Read more

Gold hits six-month high as traders bet interest rates have peaked – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Gold prices have climbed to a six-month high as traders bet that interest rates have peaked. The safe-haven asset has climbed to $2,009 an ounce and briefly hit a six-month top of $2,017.82. It comes as money markets expect that interest rates will … Read more

Consumer confidence bounces back in Black Friday boost for retailers – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. It is one of the most important shopping days of the year and the latest industry data indicates it could be a good one for retailers despite the economic doom and gloom. GfK’s consumer confidence tracker, which has surveyed … Read more

Household energy bills to rise as Ofgem lifts price cap – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Ofgem has raised its energy price cap meaning that from January households will typically pay an extra £94 a year on their gas and electricity bills. The regulator said the limit on average household energy bills would rise from … Read more

Chancellor handed £17bn borrowing boost ahead of Autumn Statement – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. There are hopes that Chancellor Jeremy Hunt will announce tax cuts in his Autumn Statement after official figures showed borrowing came in below estimates in the first seven months of the financial year. Public sector net borrowing excluding banks … Read more

Twitter boss Linda Yaccarino resists pressure from advertisers to quit – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. The tech sector is in focus today as pressure grows on X chief executive Linda Yaccarino to resign over concerns about its founder Elon Musk and antisemitic content. As friends and executives reportedly urge her to leave to save … Read more

Retailers suffer unexpected decline in sales – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Retail sales suffered an unexpected decline in sales in October, official figures showed, in a sign that the economy is slowing down. Sales volumes were down 0.3pc last month and the Office for National Statistics said September was worse … Read more

Burberry hit by slowdown in luxury demand as it issues sales warning – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Burberry has warned it may not be able to hit this year’s revenue targets as it faces a global slowdown in demand for luxury goods. The British fashion stalwart said that profits will be at the lower end of … Read more

Sunak fulfils inflation pledge as rate falls to lowest in two years – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Inflation has dropped below 5pc for the first time in two years as falling energy prices helped Rishi Sunak meet his target to halve the measure before the end of the year. The consumer prices index fell to 4.6pc … Read more

Wages grow faster than inflation after civil service pay deal – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Total pay increased at a faster pace than inflation in the three months to September raising fears that interest rates will have to stay higher for longer. Wages including bonuses rose by 7.9pc, ahead of inflation of 6.7pc, raising … Read more

House sellers slash asking prices as interest rates hit property market – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. The average price of a home coming on the market fell by more than £6,000 in November, according to a property website. Across Britain, average asking prices by new sellers fell by 1.7pc (£6,088) this month to reach £362,143, … Read more

Flatlining economy leaves Britain at risk of recession – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Britain’s economy flatlined in the third quarter, according to the Office for National Statistics. Gross domestic product was unchanged in a blow to the Chancellor ahead of the Budget later this month. 5 things to start your day  1) … Read more

Blow for China as economy slides back into deflation – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE China slipped back into deflation in October, official figures showed, as falling pork prices delivered a blow to the world’s second largest economy. The consumer prices index, the main gauge of inflation, fell 0.2pc compared to the same month last year, according to … Read more

House prices unexpectedly rise amid seller caution – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. House prices rose in October, breaking a cycle of six consecutive monthly falls, according to mortgage lender Halifax. It said homes were worth 1.1pc more than in September, raising the average price of a UK property by around £3,000 … Read more

Ryanair’s profits top €2bn after surge in fares – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Ryanair has announced that net profit surged 72pc in its first half thanks to higher fares and record traffic during the peak summer season. Profit after tax came in at €2.2bn (£1.9bn) in the six months to the end … Read more

Global shipping giant Maersk announces 10,000 job losses – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE One of the world’s biggest shipping companies has announced it will cut 10,000 jobs as it battles falling demand for freight.  AP Moller-Maersk said it hopes to save $600m (£491m) next year under the plans amid what bosses called “challenging times” in the … Read more

Surprise jump in house prices as sellers bide time – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. House prices made a surprise increase last month, according to the closely-watched Nationwide house price index, amid low levels of enforced selling in the market. It said the average property was worth £259,423 in October, which was up 0.9pc … Read more

Putin turns screws on Western businesses trying to exit Russia – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Western companies trying to exit Russia will effectively face capital controls that could mean they face long delays or losses on the sales of assets in the country. Businesses will either have to agree for a sale price in … Read more

HSBC profits rise by $4.5bn after interest rate boost – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Good morning HSBC has released a trading update this morning showing its pre-tax profits ballooned to $7.7bn for the three months to the end of September, compared to $3.2bn for the same period a year earlier.  Analysts were, however, disappointed, having expected even … Read more

British landlords to sell up at triple the pace of 2021 – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE New figures out this morning suggest more pressure is coming for renters, with around a sixth of British landlords planning to sell their rental properties.  According to a survey from advisory firm Cornerstone Tax, 15pc of people who own a rental property are … Read more

Passengers face higher fares as air traffic control fees rise – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ford has struck a tentative deal with union chiefs to end a workers’ strike at its plants which has run since mid-September.  The United Auto Workers and Ford have struck a deal that is expected to provide staff with a 25pc wage increase … Read more

Asia stocks rise as Beijing ramps up stimulus – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Asian stocks have bounced this morning, coming after they hit an 11-month low yesterday, as China outlined spending plans.  MSCI’s broadest index of Asia-Pacific shares outside Japan, was up 0.6pc and the Hang Seng climbed more than 1pc. Japan’s Nikkei rose 1.2pc.  It … Read more

Britain sheds 82,000 jobs as interest rate decision looms – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK economy has shed more jobs in the latest quarter, raising hopes that the Bank of England’s efforts to tame inflation may be paying off. Employment dropped by 82,000 jobs in the three months to August, according to ONS figures. That follows … Read more

Jeremy Hunt handed £19.8bn borrowing boost – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Jeremy Hunt has been handed room for tax cuts before the next election as government borrowing came in nearly £20bn below official forecasts in the first half of the financial year. Public sector net borrowing excluding banks was £81.7bn in … Read more

£7trn fund management chief backs Sir Keir Starmer – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE One of the world’s most-influential financiers have given his backing to Sir Keir Starmer, who he said had given him “hope” in politics. Larry Fink, the chairman and chief executive of BlackRock, the world’s largest fund manager, said the Labour leader had shown … Read more

Shock pause in inflation heaps pressure on the Bank of England – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Inflation was unchanged in September in a reading that heaps pressure on the Bank of England to raise interest rates again to tackle stubborn price rises. The consumer prices index stood at 6.7pc last month. 5 things to start … Read more

Slowing wage growth eases pressure for interest rate rises – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Wage rises slowed down from the record pace they had set in the three months to July, according to official figures. Pay including bonuses rose by 8.1pc in the three months to August, easing off from the 8.5pc jump … Read more

Britain’s growth predictions cut for next year – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Good morning Thanks for joining me. We begin the week with cuts to growth forecasts for the UK economy next year, according to economists at EY. They have predicted that gross domestic product (GDP) will grow by 0.7pc next year, having previously estimated … Read more

Competition chiefs give go-ahead to Microsoft’s £56bn Activision takeover – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. Competition regulators have given their assent to Microsoft’s revised $69bn (£54bn) merger with Activision Blizzard after the US tech giant agreed to revise the plans. The Competition and Markets Authority gave its assent to the plans provided that Microsoft … Read more

EU warns Musk over Israel-Hamas disinformation on Twitter – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. The EU has issued a warning to Elon Musk to stop disinformation on his social media platform X, formerly known as Twitter, as the Israel-Hamas conflict deepens. European Commissioner Thierry Breton posted an open letter about the alleged “illegal … Read more

Bond yields in biggest fall since March amid Israel conflict – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Bond markets had their best day in months as the war in Israel pushed investors toward safer assets. The yield on benchmark 10-year US Treasuries fell 18 basis points to 4.62pc – the most since March – while the two-year bond yield dropped … Read more

Oil prices surge after Hamas attack on Israel – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Oil prices have surged after the outbreak of military conflict in the Middle East following deadly attacks by Hamas from the Gaza Strip. Brent crude, the international benchmark, has climbed by more than $3 a barrel, or more than 3.6pc, as Israel declared … Read more

House prices fall for fifth month in a row amid rising mortgage costs – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Average annual house prices have fallen for a fifth month in a row, according to the Halifax house price index. The average cost of a property dropped 4.7pc in the year to September, making a typical home worth £278,601. … Read more

Bond market will only stop falling when stocks crash, warn analysts

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The surge in bond yields that is sending government borrowing costs higher will only stop after a prolonged slump in stock markets, analysts at Barclays have warned. Bond markets have rebounded slightly from a rout that sent UK 30-year gilt yields to their … Read more

Asian stocks sink amid global bond market rout – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Asian markets have slumped across the board amid a global rout in the bonds triggered by fear interest rates will stay higher for longer. Tokyo and Seoul led the selloff, both falling around 2pc, while Hong Kong, Taipei, Jakarta, Singapore, Sydney and Wellington … Read more

Food prices fall for first time in two years amid ‘fierce’ supermarket competition – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. Food prices have fallen compared to the previous month for the first time in two years, bringing grocery inflation down to single digits, according to industry figures. Food inflation decelerated to 9.9pc in September, a significant drop from 11.5pc … Read more

House prices fall for eighth month in a row amid high mortgage rates – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. House prices declined on an annual basis for the eighth consecutive month as buyers faced higher borrowing costs. Property values dropped by 5.3pc in September, according to Nationwide, which was the same rate of decline as the previous month. … Read more

UK economy recovers stronger than France and Germany in boost for Sunak – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. Britain’s economy has grown faster than France and Germany since the pandemic, updated estimates from the Office for National Statistics show. GDP is now estimated to be 1.8pc above pre-pandemic levels in a boost to Rishi Sunak. The revised … Read more

Buyers tempted back to property market by biggest discounts in four years – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. Homes are being sold for 4.2pc below their asking price, according to property website Zoopla. However, the numbers of buyers rebounded by 12pc in September, as falling prices tempted them back to the market. 5 things to start your … Read more

Government approves £3.1bn North Sea oil field – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. A long-awaited decision has been made on the Rosebank oil and gas field in the North Sea, with UK regulators giving the green light for drilling. Norwegian state energy company Equinor has received the go-ahead to progress with development at … Read more

Net zero will cost £3.7trn a year, warns IEA – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. The International Energy Agency has said that achieving net zero by 2050 is still possible, but requires a tripling of renewable energy capacity by the end of the decade. The IEA also said that global green investments must be … Read more

Electric car makers face £3.7bn bill over EU tariffs – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Electric vehicle manufacturers face a £3.7bn bill over the next three years unless the EU drops the introduction of tariffs on trade between the bloc and Britain, industry bosses have said. Factories may reduce production by up to 480,000 vehicles during that time … Read more

Retail sales rebound in August as weather improves

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Retail sales have rebounded in August after a wet July put a damper on the high street. Elsewhere, the Competition and Markets Authority has completed an initial review of Microsoft’s $69bn takeover of Activision. Meanwhile, eyes are on gas prices after Chevron workers … Read more

Government borrowing rises in blow to tax cut hopes – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us on a huge day as the Bank of England prepares to announce its next decision on interest rates. This morning, the latest data from the Office for National Statistics showed that public sector borrowing increased in August compared to … Read more

What is the stock market, how does it work and how can I invest?

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE If your only knowledge of the stock market comes from watching the news and seeing where the FTSE 100 index ended the day, you may have just a vague idea of what it is and how it works. Or perhaps you have invested … Read more

Surprise fall in inflation ahead of interest rate decision – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. Inflation fell unexpectedly as the Bank of England prepares to announce its next move on interest rates. The Office for National Statistics revealed that the consumer prices index increased to 6.7pc in August, up from 6.8pc the previous month. … Read more

Demand slumps at pace on par with 2008 – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Businesses are facing a downturn in demand similar to the levels faced during pandemic and 2008, Lloyds has warned, as bosses prepare to face potentially the 15th consecutive increase in interest rates this week.  New orders declined in nearly every sector of the … Read more

Factory chiefs warn Biden’s subsidies make investing in UK ‘hard to justify’ – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Three quarters of factory chiefs have said that incentives offered in the US, EU and other countries have made them questions whether investments in Britain are worth it. Joe Biden has poured billions into subsidies for green investments as … Read more

Ministers poised to inject £500m into propping up steel industry – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. There are concerns that thousands of job losses are set to be announced at Britain’s biggest steelworks under plans to produce “greener” steel. The Government is poised to announced it will invest £500m in Port Talbot to secure the … Read more

Lidl swings to UK loss amid supermarket price war – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. John Lewis has blamed “inflationary pressures” for a two-year delay to its five-year turnaround plan. It comes as the retailer announced another loss for the first six months of its financial year. 5 things to start your day  1) … Read more

Economy shrinks ahead of interest rates decision – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain’s economy shrank last month, official figures show, delivering a blow after a series of indications that the UK was doing better than previously expected. Gross domestic product (GDP) shrank 0.5pc in July, according to the Office for National Statistics (ONS). 5 things … Read more

State pension on track to rise by 8.5pc next year under triple lock – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. The triple lock is in focus this morning after the latest employment figures from the Office for National Statistics. The state pension is expected to rise by 8.5pc in April next year in line with the figure for average … Read more

BMW commits to UK with electric Mini plans – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package. The German-headquartered manufacturer’s multi-million pound investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers. Government sources declined to set out … Read more

Offshore wind auction shunned in blow to Sunak – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. An auction of offshore wind farm contracts attracted no bids from companies in a blow to the Government. No wind farm developers bid for any of seven new contracts around Britain amid complaints that the maximum price they were … Read more

Mortgage squeeze sends house prices plummeting – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. House prices slumped by 4.6pc in the year to August in their steepest decline since 2009, according to the Halifax house price index. Property values dropped to an average of £279,569, down from £285,044 in July. 5 things to … Read more

Mortgage squeeze triggers slump at Britain’s biggest housing developer – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Britain’s largest housebuilders has revealed the slump in profitability and house completions as consumers are squeezed by rising interest rates. Barratt Developments revealed a 16.2pc fall in its adjusted annual pre-tax profits to £884.3m amid the fall in mortgage … Read more

China ‘may not become world’s largest economy’ after zero-Covid slowdown – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE China’s efforts to become the world’s largest economy have come under threat after the damage done by zero-Covid policies. China’s gross domestic product will not exceed that of the US until the mid-2040s and even then it may be  by “only a small … Read more

Net zero ban on petrol cars is fuelling China price war, says BMW chief – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. The boss of BMW has warned that European car manufacturers risk being plunged into a battle with China that they cannot win as the EU pushes through with its ban on petrol cars. In February, the European Parliament voted … Read more

House prices suffer biggest drop since 2009 as mortgage approvals plummet – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. House prices dropped to their weakest level since 2009 in the year to August, according to lender Nationwide. Property values contracted by 5.3pc following a decline of 3.8pc in July. 5 things to start your day  1) British defence … Read more

UBS makes record bank profit after takeover of troubled Credit Suisse – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. UBS has made the largest quarterly profit ever recorded by a bank after its $3bn shotgun wedding to Credit Suisse. The bank announced a $29bn profit in the three months to June as the addition of Credit Suisse’s balance … Read more

Marks & Spencer to make FTSE 100 comeback

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Marks & Spencer is to rejoin the FTSE 100 four years after it was relegated, as the high street stalwart continues to turn its business around. The retailer will return to the blue-chip index alongside technical products supplier Diploma, plus drugmakers Hikma Pharmaceuticals … Read more

Motorists face another year of rising insurance prices, industry warns – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Motorists should prepare for another year of rising insurance premiums as the industry grapples with rising costs. EY said prices will rise 16pc this year and 11pc next year, with insurers forecast to spend £108.50 for every £100 taken … Read more

Network Rail refuses to pay bonuses to staff who went on strike – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Union members have been refused bonuses at Network Rail over their decision to go on strike for eight months. RMT secretary Mick Lynch described the decision, which affects up to 20,000 staff, as “disgraceful”. 5 things to start your … Read more

Household energy bills to fall by £150 a year as Ofgem price cap lowered – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. Energy regulator Ofgem has cut the energy price cap meaning households face a £151 reduction in average annual bills. The cap – which limits the amount that a supplier can charge per unit of gas or electricity they sell … Read more

North Sea’s biggest producer swings from $1bn profit to loss after windfall tax – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The North Sea’s biggest operator has swung from a near $1bn profit to an $8m loss after the Government imposed its windfall tax and bosses cutback on investment. Harbour Energy said its half year results had also been hit by €16m of charges … Read more

Investors dump major China stocks in record sell-off – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Investors are offloading shares in China’s blue-chip companies amid growing concerns about the world’s second largest economy. Overseas funds have been fleeing the Chinese market, offloading the equivalent of £7.3bn in a twelve-day run of withdrawals to Tuesday, the longest since Bloomberg began … Read more

Government borrowing drops raising hopes Hunt can deliver tax cuts – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Public sector borrowing was less than forecasts by the Office for Budget Responsibility – providing hopes that Chancellor Jeremy Hunt will be able to deliver tax cuts. The budget deficit between April and July was £56.6bn, according to the Office for National Statistics, … Read more

Retail sales fall more than feared amid wet July – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Retail sale volumes have plunged 1.2pc – a fall twice as bad as feared – as consumers cut back on spending on the high street amid the cost of living crisis and a wet July. 5 things to start your day  1) Bond … Read more

Bond yields surge to 2008 levels amid interest rate fears – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Beijing officials have tried to brush off fears over the state of the country’s heavily indebted property sector. A government spokesman tried to reassure the public that conditions were improving in the property sector, AP reported. “The risks of housing enterprises are expected … Read more

Inflation eases to 6.8pc in year to July – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE 5 things to start your day  1) Decaying Oxford St risks becoming blueprint for Britain’s high streets, retail chiefs warn | Retailers call for increased cooperation between Government and industry 2) Why the triple lock could blow a fresh hole in Jeremy Hunt’s … Read more

Biggest rise in wages since records began – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE And thank you for joining me this morning. Today, we have updates from the Office for National Statistics on the labour market, including pay growth, unemployment and sickness information. Pay growth is at its fastest since records began, a blow to the Bank … Read more

Public sector wage expectations hit 11-year high – latest news

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Expectations for public sector pay rises have hit their highest level in more than a decade as a shortage of skilled workers continues to drive up wages. Public sector pay expectations have jumped from 3.3pc to 4pc in the last three months, according to … Read more

Britain shrugs off recession risk as economy grows – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me as new data show that Britain’s economy grew in the three months to June. Gross domestic product product expanded by 0.2pc in the second quarter of the year, according to the Office for National Statistics. 5 things to start … Read more

Wilko plunges into administration putting 12,000 jobs at risk – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE President Joe Biden signed an executive order Wednesday to block and regulate high-tech US investments going toward China, reflecting an intensifying competition between the world’s two biggest powers. The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence.  5 … Read more

China slides into deflation sparking fears for global economy – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. China slipped into deflation in July in a negative sign for the global growth outlook. The reading comes a day after news that the country suffered its biggest fall in exports since the early days of the pandemic, while … Read more

McDonald’s vegan burger maker’s Beyond Meat sales plunge as shoppers turn to cheaper meat – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. The supplier of McDonald’s McPlant burger has revealed its revenues slumped by nearly a third as shoppers turned to cheaper animal meat. Beyond Meat shares have slumped 12pc in after hours trading after it lowered its profit forecast for … Read more

First-time buyers help slow decline in house prices – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House prices have fallen again but at a slightly slower pace as first-time buyers helped steady the market as they decided to search for smaller homes. The average cost of a property declined by 2.4pc in the year to July, according to the … Read more

UK advertising giant WPP issues US tech warning hours after Apple reveals slump – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. WPP has cut its revenue guidance for the full year as it warned about lower sales in the US from technology clients and delays in spending on technology projects.  Revenue growth excluding pass-through costs will be 1.5pc to 3pc … Read more

Footfall falls as shoppers hit by interest rate rises – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us. Rail strikes and rain dealt a blow to the high street last month, as shoppers opted to stay at home rather than venture into city centres. Retailers face further pain as consumers grapple with the impact of rising interest … Read more

FTSE slumps after US credit rating downgraded – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. European markets are expected to decline when they open after ratings agency Fitch downgraded the US’s top level credit score. US Treasury Secretary Janet Yellen called the decision “arbitrary and based on outdated data”. It comes two months after … Read more

House prices suffer their worst fall since 2009 – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining me. House prices dropped in the year to June, according to lender Nationwide. Property values contracted by 3.8pc following a decline of 3.5pc in May. 5 things to start your day  1) BT appoints its first woman boss to swing … Read more

Sunak approves hundreds of North Sea oil and gas licences – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rishi Sunak has confirmed Government backing for new oil and gas licences in the North Sea that will support 50,000 jobs. The Prime Minister is expected in Aberdeenshire today, where he will announce millions of pounds in funding for the Acorn carbon capture … Read more

NatWest chiefs to face City for first time since Farage scandal – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for joining us today. NatWest bosses will face the City for the first time since the Nigel Farage scandal engulfed the bank as it reports its half-year results. It follows the resignation this week of chief executive Dame Alison Rose and Coutts … Read more

NatWest hit with most complaints about bank account closures – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE NatWest and Barclays were the focus of the most complaints over decisions to close bank accounts last year, according to the financial ombudsman. Customers complained about each bank 274 times each in 2022/23. It comes after NatWest’s chief executive resigned on Wednesday in … Read more

Bank chiefs summoned by City minister as NatWest boss quits – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thanks for being with us. The City minister will meet bank bosses today to discuss concerns about closing customer accounts over their political views. The gathering comes as the banking sector reels from the resignation of NatWest chief executive Dame Alison Rose following … Read more

Britain faces biggest debt burden in G7 – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The bombing of a key Ukrainian port sent wheat prices soaring to a five-month high. The attack on the Danube port of Reni came a week after Russia pulled out of the Black Sea grain initiative, threatening global food supplies. 5 things to … Read more

Pay us more to boost the City of London, say FTSE chiefs

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Low executive pay is the biggest obstacle to boosting the City of London, FTSE bosses have said. A new survey of 150 directors at London-listed companies found that lower pay for City chiefs compared to rival financial centres was holding back the London … Read more

EU manufacturing exports rise despite Brexit warnings – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thank you for being with us today. We start with data showing that British manufacturers increased their trade with the EU last year. More than half of UK trade went to the bloc last year, despite warnings that Brexit would hurt exporters. 5 … Read more

Jeremy Hunt’s tax attack brought an extra £4.6bn to the Exchequer in June, ONS public finance figures reveal

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeremy Hunt’s tax raids last month brought an extra £4.6 billion to the Exchequer compared to June 2022 as income tax receipts increased. The chancellor brought in £57.3 billion in tax receipts in June, with income tax revenue up by £2 billion, corporation … Read more

Putin’s threats to Ukrainian ships send wheat prices skyrocketing – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wheat prices jumped further after the Kremlin threatened to attack ships carrying grain to Ukrainian ports. U.S. wheat futures jumped 8.5 percent on Wednesday, their biggest daily gain since immediately after Russia’s invasion of Ukraine. The Russian Defense Ministry has warned that all … Read more

Putin’s threats to Ukrainian ships send wheat prices skyrocketing – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wheat prices jumped further after the Kremlin threatened to attack ships carrying grain to Ukrainian ports. U.S. wheat futures jumped 8.5 percent on Wednesday, their biggest daily gain since immediately after Russia’s invasion of Ukraine. The Russian Defense Ministry has warned that all … Read more

UK inflation eases to 7.9% from 8.7% in June – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thank you for joining us. According to data from the National Statistical Office, inflation decreased last month. The consumer price index was 7.9 percent in June, which is less than in May, when it was 8.7 percent. 5 things to start your day … Read more

Musk and Tesla should face ‘conflict of interest’ probe, US senator urges – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Elon Musk and Tesla’s board should face an investigation into potential “conflicts of interest” since the entrepreneur took over Twitter, a prominent senator has urged. Elizabeth Warren called on the US regulator the SEC to investigate whether there were “possible violations of securities … Read more

UK economy to further lag behind euro zone next year, forecasters warn – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE China’s recovery from Covid lockdown restrictions is going “from worse to worse” after its economy grew at a weak pace in the second quarter. In the three months to June, the gross domestic product rose seasonally by only 0.8 percent compared to the … Read more

Rental housing has fallen to a 14-year low as landlords move out

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of homes available to rent in the UK has fallen to its lowest level in 14 years as landlords move out of the market. According to consultancy Twentyci, there were just 241,000 private rental properties available in June, compared with 370,000 … Read more

Economy Shrinks As Coronation Reaches Growth – Latest Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain’s economy shrank in May as growth was weighed down by extra holidays due to the royal coronation. Gross domestic product (GDP) decreased by 0.1 percent, according to data from the National Statistical Office. 5 things to start your day 1) Inflation in … Read more

“I’m 73 with a £360,000 portfolio – how can I increase my income without touching my capital?”

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Abrdn Equity Income Trust is also one of the highest yielding investment trusts investing in the UK – you’ve done well to choose this one. However, you may have found that your portfolio is worth less than it was a year ago as … Read more

Blue Origin’s rocket engine explodes during testing due to impact after Jeff Bezos – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Jeff Bezos’ space company has reportedly suffered a rocket explosion during testing, dealing a blow to the billionaire’s plans for interplanetary exploration. Blue Origin was testing its BE-4 rocket engine when it exploded last month, CNBC reported. During a June 30 firing at … Read more

Record wage hikes fuel fears of more interest rate hikes – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Wages rose at a record pace across the UK, dealing a blow to the Bank of England’s efforts to avoid an inflationary spiral. According to the Office for National Statistics, salaries without bonuses increased by 7.3 percent in June. 5 things to start … Read more

Layoffs rise as interest rates catch up with job market – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of jobseekers has hit its highest level since the pandemic as interest rate hikes take effect. Staff availability rose for the fourth consecutive month in June, according to KPMG and the Recruitment and Employment Confederation’s (REC) UK Report on Jobs. 5 … Read more

Halifax says house prices have fallen steepest in 12 years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House prices suffered their biggest drop since 2011 as rising mortgage costs put off buyers. The average house price fell by 2.6 per cent in the year to June to £285,932, according to the Halifax lender. 5 things to start your day 1) … Read more

Oil and gas output cuts ‘irresponsible’, warns Shell boss – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thank you for being with us today. We start with news from Shell’s boss, who said cutting oil and gas production would be “dangerous and irresponsible”. Wael Sawan insisted the world still “desperately needs oil and gas” to avoid rising energy costs as … Read more

Bank of England considers curbing foreign bank branches – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thank you for joining us today. Foreign banks may be forced to set up subsidiaries instead of cheaper local branches under plans reportedly being considered by the Bank of England. The plan is part of a review following the collapse of Silicon Valley … Read more

Five-year mortgage rates topped 6% for the first time this year – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Thank you for joining us today. The bosses of Britain’s biggest banks have been invited to a meeting with regulators at the Financial Conduct Authority amid concerns about the lag between savings rates and mortgages. Executives from HSBC, NatWest, Lloyds and Barclays were … Read more

The euro area has been hit by rising core inflation as higher interest rates are looming

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The euro area has been hit by rising core inflation as higher interest rates are looming. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Households saved a record £4.6 billion amid reduced inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Households withdrew a record £4.6bn of savings from banks and building societies last month as rampant inflation squeezes incomes. Net withdrawals rose by a quarter in May from April to £3.7 billion as households withdrew the largest amount of cash in any month … Read more

Plans ready for emergency nationalization of Thames Water – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ministers are drawing up plans to nationalize Thames Water as it struggles with £14bn of debt. The company is struggling to raise £1bn from investors as it tries to implement an eight-year turnaround plan aimed at tackling its massive leakage problem. It comes … Read more

Starmer would make Britain lose strength in North Sea, bosses warn – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Sir Keir Starmer’s plans to ban new North Sea oil and gas exploration under a Labor government could “starve” Britain of energy, an oil boss has warned. Gilad Myerson, executive chairman of Ithaca Energy, which has most of its investments in the North … Read more

Cineworld is to file for administration in the UK in a bid to save the cinema chain

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Cineworld is to file for administration in the UK as part of restructuring plans that will wipe out its shareholders. The chain that filed for bankruptcy protection in the US last year amid mounting debts and declining viewership following the pandemic, said on … Read more

Ruble falls to 15-month low after failed coup against Putin – latest information

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The Russian ruble fell to a near 15-month low against the dollar as markets reacted for the first time to a short-lived military coup against Vladimir Putin. The ruble lost as much as 3 percent against the dollar to open at 86.88, its … Read more

Consumer confidence rises despite rising interest rates – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Consumer confidence in Britain has reached its highest level in 17 months despite high inflation and plummeting interest rates. Market research firm GfK said its sentiment gauge rose three points to minus 24 in June. Economists had expected a reading of minus 26. … Read more

Bank of England is set to raise interest rates for the 13th time in a row – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Bank of England is set to raise interest rates for the 13th time in a row – latest updates. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Markets Predict 6% Interest Rate After Inflation Shock – Latest Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Mortgage holders took a hit after core inflation rose last month, putting pressure on the Bank of England to keep raising interest rates. The consumer price index was unchanged at 8.7 percent in May, but the all-important core inflation watched by policymakers came … Read more

First-time buyers in trouble as lenders cut mortgage deals – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The number of mortgage deals for first-time buyers has fallen by more than 40 per cent in the past year as UK property credit tightens. According to Moneyfacts, there were 199 properties available at the weekend for house hunters looking to borrow up … Read more

Mortgage Crisis Hits Home Sales – Latest Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Houses are staying on the market longer and sellers are being forced to lower their asking prices as the mortgage market becomes “messy”, according to new data. The proportion of homes taking more than 30 days to be offered jumped from 39 percent … Read more

Macron to meet Elon Musk again as France proposes to Tesla chief – latest news

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Billionaire Elon Musk is expected to meet Emmanuel Macron in Paris today for the second time in as many months, as France seeks to curry favor with and attract investment from the Tesla boss. The French president confirmed during a visit to France’s … Read more

The European Central Bank raised interest rates to the highest level in 22 years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The European Central Bank raised interest rates to their highest level since 2001, sending borrowing costs soaring as President Christine Lagarde warned that stubborn inflation meant more hikes were on the cards. The ECB raised all three of its key interest rates by … Read more

UK economy returns to growth – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK economy grew by 0.2 per cent in April, according to figures from the Office for National Statistics. It follows a 0.3 percent decline in March, with gross domestic product (GDP) rising 0.1 percent in the three months to April. 5 things … Read more

Bond yields hit highest level since 2008 as wages rise – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE According to data from the National Statistical Office, wages outside the pandemic period grew the fastest ever. Regular wages without bonuses increased by 7.2 percent in the three months to April. 5 things to start your day 1) The US is trying to … Read more

Coal-fired power station overheated as heatwave hits Britain – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Coal-fired power station overheated as heatwave hits Britain – latest information. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

The UK is bracing for high interest rates until 2025 as inflation remains high

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Britain’s biggest supermarket has been reported to the Competition and Markets Authority over claims its Clubcard prices could mislead shoppers. which one? said it is “simply not good enough” that Tesco does not offer the same pricing method for products under its loyalty … Read more

Annual house prices fall for first time in 11 years, says Halifax – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House prices fell year-on-year for the first time since December 2012, according to data from lender Halifax. Across Britain, house prices fell by 1 percent, Halifax said. The average house price in May was unchanged month-on-month at £286,532. 5 things to start your … Read more

Bitcoin Crashes As Crypto Giant Accused Of ‘Web Of Deception’ – Latest Update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Bitcoin fell 3 percent below £21,000 after US regulators filed a lawsuit against the world’s largest cryptocurrency exchange and its founder. The SEC accused Binance and Changpeng Zhao of misappropriating investor funds, operating as an unregistered exchange and violating a host of US … Read more

Oil prices rise as Opec lowers production targets – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Oil prices rose after Saudi Arabia announced it would cut production by an additional million barrels per day in July to support the crude market. The Arab country will cut its output to its lowest level in several years as Saudi Energy Minister … Read more

Four Simple Ways to Pick the Right Stocks and Beat the Market (From an Investment Expert)

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Value Beat the market by 242 percentage points Using low valuations to identify stocks which were oversold has been very effective in the past. But recently, there is growing reason to believe that traditional valuation measures, which compare stock prices to corporate earnings … Read more

Artificial intelligence will ‘create more losers than winners,’ says major investor in chipmaker Nvidia – Latest Update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Nvidia may have seen its shares soar 170 percent this year, briefly becoming the first chipmaker to be valued at $1 trillion, but one of its main backers has issued a warning about the stock market boom fueled by the artificial intelligence craze. … Read more

Fall in house prices deepens in May, Nationwide says – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The annual fall in house prices worsened last month as the Bank of England is expected to raise interest rates later in the year. According to Nationwide, prices fell 3.4 percent year-on-year in May, compared with a 2.7 percent fall in April. Property … Read more

Markets fall as China’s recovery falters – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE 5 things to start your day 1) Asda boss criticizes Sunak’s ‘clumsy’ plan to cap food prices | Lord Rose says government intervention will have unintended consequences for the market 2) British arms manufacturer BAE in talks to build weapons in Ukraine | … Read more

Ron DeSantis Claims US ‘Inching Close To Bankruptcy’ Ahead Of Debt Ceiling Vote – Latest Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A handful of right-wing Republicans said they would oppose a deal to raise the debt ceiling to $31.4 trillion (£25.5 trillion), underscoring the risk of the US suffering a “catastrophic” default. Conservatives criticized the deal between Joe Biden and House Speaker Kevin McCarthy … Read more

UK to plunge into recession after bond market chaos – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE City-based investment giant Abrdn predicts that the UK will still fall into recession after the turmoil in the bond market. The cost of government borrowing has risen since data on Wednesday showed that core inflation in the UK economy, excluding volatile food and … Read more

Household energy bills to fall by £425 as price cap drops – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Ofgem has announced a cut in the energy price cap, giving households a boost in the cost of living crisis. The energy regulator has cut its cap to £2,074 from £3,280. I gives households a £426 lift on typical annual energy bills after … Read more

Inflation below 10% for first time in eight months – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Inflation fell to single digits for the first time since August last year as the initial shock from rising energy prices fades out of the calculations. The consumer price index fell to 8.7 percent from 10.1 percent in March, as the impact of … Read more

Government borrowing rises as interest rate costs rise – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Higher interest payments on debt and benefits caused government borrowing to rise by more than expected last month, even as the Treasury cut the amount it subsidizes household energy bills. Net public sector borrowing was £25.6bn last month, beating economists’ expectations of £19.1bn. … Read more

China bans US chipmaker Micron in escalating tech battle – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE China has banned Micron technology from the world’s second-largest economy after it said it failed a cybersecurity review. Beijing has argued that its components pose a “significant security risk to our supply chain of critical information infrastructure”, but the US said the conclusion … Read more

£1bn UK chip plan ‘irrelevant’, bosses warn – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK is committing £1 billion to boosting its domestic semiconductor industry over the next decade, in a plan industry leaders have described as “insignificant” compared to other countries. The investment is just part of what other governments have pledged to the sector … Read more

Deutsche Bank to pay £60m to settle lawsuit by Epstein accusers – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Deutsche Bank has agreed to pay $75m (£60.1m) to settle a lawsuit in which victims of Jeffrey Epstein’s sex abuse accused the bank of enabling his sex-trafficking operation. The lender agreed to the settlement after U.S. District Judge Jed Rakoff ruled in March … Read more

Vauxhall owner calls for UK to renegotiate Brexit deal – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The maker of Vauxhall, Peugeot, Citroen and Fiat has called on the government to reopen its Brexit deal with the EU after it said it would be unable to meet new car manufacturing rules. Stellantis pointed out the influence of t. Andy Palmer, … Read more

Public sector wages rise fastest in 20 years – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Employees in the public sector secured a 5.6% increase in wages in the first three months of this year, achieving the highest wage growth since 2003. According to the Office for National Statistics, 556,000 working days were lost due to strikes in March, … Read more

High food prices here to stay, farming chief warns – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Higher food prices will be here for some time, the president of the National Farmers’ Union warned before a meeting in Downing Street. Minette Batters will speak to the Prime Minister alongside supermarkets, food companies and farmers as food price inflation rises at … Read more

UK economy returns to growth – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK economy grew by 0.1 per cent between January and March, according to figures from the Office for National Statistics. This comes after the economy moderated at the end of 2022, contracting by 0.3 percent between July and September last year. 5 … Read more

UK economy overheating, BlackRock warns – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE British interest rates are expected to rise to their highest level since 2008 today due to an “overheated” economy. According to economists and financial markets, the prime rate will rise for the 12th time in a row to 4.5 percent as inflation continues … Read more

How to invest in Aim shares (and save thousands in inheritance tax)

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Why are Aim shares risky? The cost of listing on Aim is lower than on the main market, and the requirements are also less demanding. To list on the main market of the London Stock Exchange, companies must be in existence for at … Read more

Bank turmoil helps US lenders post record profits – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The banking turmoil in the US sent customers into a frenzy to withdraw their deposits – but if you look at the numbers, it hasn’t been a bad period for the financial industry. The US banking industry posted record profits in the first … Read more

House price growth has stalled – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Annual house price growth has stalled, according to data from Halifax, while prices in the south of England have come under the greatest pressure. Nationally, average home prices are largely unchanged from this time last year, with the rate of annual home price … Read more

Resist fast-track tax cuts to boost UK economy, Chancellor’s new adviser urges

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE This is not the typical message given to a Conservative Chancellor by their advisers. Jeremy Hunt’s new economic adviser has told him that using tax cuts as a “quick fix” to boost growth will not work. Anna Valero instead told him to widen … Read more

PacWest shares fall 50 percent as U.S. bank explores sale amid banking crisis fears

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE PacWest shares fell 50 percent in after-hours trading in New York amid talk of a bailout of the US regional bank. The bank has hired boutique investment bank Piper Sandler to help it explore strategic options, including a sale, Bloomberg reports. It comes … Read more

Russia’s gas production has fallen due to Putin’s energy war

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Russian gas production fell 10 percent year-on-year to 180 billion cubic meters (bcm) in the first quarter, Kommersant daily reported. In March alone, gas production fell by 10 percent to 61 billion cubic meters, he added. Production alone at Russia’s largest producer Gazprom, … Read more

The “idiocy” of Brexit is to blame for the contraction of the stock market in London

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The “idiocy” of Brexit is to blame for the collapse of the London stock market, the founder of Arma has claimed. Hermann Hauser, who co-founded the British microchip giant, claimed the company scorned Britain for its exceptional listing partly due to the damage … Read more

HSBC gets £1.2bn from Silicon Valley bank bailout

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE HSBC’s pre-tax profit rose by more than $4bn (£3.2bn) in the first three months of the year as it received a $1.5bn (£1.2bn) boost from the March purchase of a Silicon Bank subsidiary Valley Bank in the UK for £1. The deal helped … Read more

Regulators are racing to save First Republic Bank after its share price tumbles

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Negotiations to rescue First Republic Bank now involve the Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve. US officials are holding urgent talks on the bank’s future after private sector banks have so far been unable to find a … Read more

Judge criticizes Tesla’s ‘deepfake defense’ of Elon Musk in fatal crash

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A California judge has issued a temporary injunction requiring Elon Musk to testify in a lawsuit alleging a 2018 fatal crash on Tesla’s Autopilot. The automaker’s argument why its CEO shouldn’t have to testify is “deeply troubling to the court,” Santa Clara County … Read more

China’s electric car industry is making progress, IEA says

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE China is leading the boom in electric car sales, according to new figures released this morning. The International Energy Agency revealed that around 10 million electric vehicles will be sold worldwide in 2022, 60 percent of which will be in China. The IEA … Read more

National debt is approaching 100 percent of GDP

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Government borrowing in March was at the second highest level since records began in 1993 as the chancellor’s energy support bill swelled. Public sector borrowing was £21.5bn in March, up £16.3bn on the same month a year ago. 5 things to start your … Read more

NBCUniversal CEO Jeff Shell Quits Over ‘Inappropriate Relationship’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Rishi Sunak will attend a summit with hundreds of business leaders amid turmoil at the CBI and launch a new charm offensive as he faces demands for lower taxes. The Prime Minister and Chancellor Jeremy Hunt will discuss ways to grow the economy … Read more

A flood of firms are leaving the CBI as the scandal deepens

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The John Lewis Partnership has joined a host of major firms leaving the Confederation of British Industry amid fresh allegations of rape at the scandal-hit business organisation. A spokesman for the owner of Waitrose and John Lewis said: “Due to further very serious … Read more

Instagram staff to leave London amid layoffs in tech sector

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Meta-owned Instagram is expected to lay off or relocate staff to London as the Facebook owner implements its 10,000 job loss program across the company. The decision comes amid a wave of layoffs in the tech sector after overexpanding during the pandemic amid … Read more

The City fears that interest rates could reach 5% after “reduced” inflation

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Inflation has remained above 10 percent as rising food prices weigh heavily on households. The consumer price index slipped to 10.1 percent in March, from 10.4 percent in February. However, economists had expected the number to fall to single digits for the first … Read more

Public sector wages rise amid strikes rocking Britain

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Public sector wages rose by the highest percentage outside of the Covid pandemic in the three months to February. The 5.3 percent increase in average regular pay came as 348,000 work days were lost as teachers walked out in February due to a … Read more

Net zero push will increase flight costs, airlines warn

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Airfare prices are set to rise in the coming years as the airline industry adopts expensive technologies to combat climate change, according to a new report. A group of the sector’s biggest companies has warned that growth in demand for flying will slow … Read more

Amazon Launches ChatGPT Competitor Bedrock – Live Updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Amazon has entered the AI ​​race by launching its own rival ChatGPT. Amazon Web Services has unveiled Bedrock, a new collection of apps that let companies build chatbots, generate text and generate images based on prompts. The e-commerce giant won’t build AI models … Read more

Striking teachers and civil servants threaten the UK economy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The UK economy stagnated in February amid industrial action across a range of sectors, while Tesco will announce its full-year results this morning. 5 things to start your day 1) The IMF is wrong about Britain, says Hunt | The Chancellor insists the … Read more

Elon Musk says owning Twitter is ‘extremely painful’

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Elon Musk has said he plans to change the BBC’s new Twitter tag from “government-funded media” following a row with the broadcaster. Meanwhile, one in four parents in the UK has been forced to give up work because of childcare costs. Later we … Read more

Twitter boss Parag Agrawal, who was fired by Elon Musk, is suing over unpaid legal bills

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A former Twitter boss fired by Elon Musk is suing the social media company for failing to pay his legal bills. Parag Agrawal, who ran Twitter from November 2021 to October 2022, was fired and escorted from Twitter’s headquarters in San Francisco on … Read more

Housing price growth the weakest in three and a half years

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE House price growth was the weakest year-on-year since October 2019, according to data from lender Halifax. He said the average sale price last month was £287,880, up 0.8 per cent on February but only a 1.6 per cent year-on-year rise. It comes as … Read more

Pension schemes and hedge funds pose an increasing risk to the global economy, warns the IMF

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Pension schemes and hedge funds pose a growing risk to the global economy, IMF warns – latest updates. MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Sir Richard Branson’s Virgin Orbit files for bankruptcy

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Virgin Orbit filed for bankruptcy after its stock price plummeted following a failed rocket launch in January. The California-based company has failed to secure the long-term funding needed to help it recover from the failed Cornwall mission earlier this year. 5 things to … Read more

Oil prices jump after Saudis surprise Opec output cut – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Oil prices soared after oil producers unexpectedly cut crude output, threatening to trigger a fresh jolt of inflation in global markets. West Texas Intermediate (WTI) rose as much as 8 percent in early trade to stand above $79 a barrel at 7 a.m., … Read more

Virgin Orbit on the brink of collapse as it lays off 85 percent of its workforce

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Richard Branson has invested £11m in Virgin Orbit after it failed to secure additional funding and announced it would lay off 675 staff. The satellite launch company will lay off about 85 percent of its workforce. However, CEO Dan Hart is racing to … Read more

Shapps plans ‘carbon tax’ on foreign imports to protect UK factories – latest update

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Countries with less stringent environmental laws are expected to face taxes on their products sent to the UK under plans to protect British manufacturers. Grant Shapps, the energy secretary, will announce “carbon border taxes” on Thursday to mirror the scheme in the European … Read more

Sugar rush pushes food inflation to record high – latest updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Shop price inflation hit a new high in March amid warnings that soaring food costs are yet to peak. According to the British Retail Consortium (BRC)-NielsenIQ index, shop prices are now 8.9 percent higher than a year ago, up from February’s 8.4 percent … Read more

Saudi National Bank chairman resigns after sparking turmoil at Credit Suisse – Latest News

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE A buyer has been found for Silicon Valley Bank, the troubled U.S. regional lender that sparked global turmoil in the banking sector after its sudden collapse earlier this month. First Citizens has agreed to buy all loans and deposits from the California-based lender … Read more