Stocks Drop on AI Valuations and Fed, Pound Slips: Markets Wrap
Stocks declined as uncertainty over Federal Reserve interest-rate cuts and stretched technology valuations weighed on sentiment. Cryptocurrencies retreated.…
US Space Force to Use Three Weapons To Jam Chinese Satellites Via Remote Control
The US military is close to fielding two new weapons designed to temporally jam Chinese and Russian intelligence,…
UK Explores Private Credit Stress Tests as Risk Worries Grow
The Bank of England has begun industry outreach about stress testing the private credit market, as Governor Andrew…
UK Unemployment Rises and Wages Cool, Spurring Rate Cut Bets
UK unemployment unexpectedly rose and wage growth slowed more than forecast in new data on Tuesday, prompting traders…
What Could Put an End to This Gold Bull Market?
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest…
UK Budget Deficit Overshoots Forecast in New Blow to Reeves
UK government borrowing came in significantly higher than forecast in August, delivering a blow to Chancellor of the…
Pound Falls With Gilts as UK Borrowing Soars Above Forecasts
The pound headed for its worst week in more than a month and gilts declined as a report…