US consumer spending slows: Is it a warning for the economy?

Leon has announced it will close several of its restaurants and cut jobs as part of a major restructure of the High Street food chain. The company has appointed Quantuma as administrators after Leon’s original co-founder John Vincent reacquired the company last month from Asda. The move places the future of the worst performing of…

Vinted users have been reacting angrily after an update resulted in items being listed as the wrong size. The second-hand shopping app has revised its sizing categories for women’s and children’s clothes but did not contact all users about the change. Many shoppers and sellers have taken to social media saying Vinted listings now show…

So why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the proceedings of the Bank’s nine member Monetary Policy Committee were so close and even involved an unprecedented second vote. The bottom line is that in…

Shares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped. On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for one year from 20 January. He did not specify how such a cap might be…

Danielle KayeBusiness reporter Reuters Comedian Jimmy Kimmel was temporarily suspended last month Disney+ and Hulu cancellation rates doubled in September after TV host Jimmy Kimmel was briefly taken off air, suggesting the move may have hurt the entertainment giant financially. Data from analytics firm Antenna shows Disney+’s so-called churn rate – the percentage of subscribers…