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Trump temporarily blocked from firing Fed governor Lisa Cook
Posted onA federal judge has temporarily blocked President Donald Trump from sacking Federal Reserve governor Lisa Cook, who is part of the board responsible for setting US interest rates. The ruling is a win for the central bank in an unprecedented legal battle with the White House over the independence of the Fed. Last month, Trump…
Three ways the latest inflation figures affect you
Posted onThis year, the return leg of the long-haul flights they monitor had a return date of the Tuesday after Easter Sunday, at the height of peak season. And, as we tend to book in advance, the ONS collected the info on fares in February, so there was no impact from the war.
SpaceX share price drops below stock market debut
Posted onSpaceX’s share price has dropped below its stock market debut just over a month ago, falling sharply from a post-float peak. The price for a single share in Elon Musk’s rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135 in June. SpaceX’s initial public offering…
UK unemployment rate rises to 5% as jobs market weakens
Posted onMichael Sheils McNameeBusiness reporter Reuters The rate of UK unemployment has risen to 5% in the three months to September, showing signs the jobs market has weakened, according to new official figures. It is the highest rate since the period covering December 2020 to February 2021, according to the Office for National Statistics (ONS) –…
Social media as bad for young people as smoking, top doctors say
Posted on“Later today, I, and other families who have lost children to social media, will tell the prime minister directly: social media is a product, and like any other faulty product causing the deaths of children, it should be restricted until the companies responsible have fixed it and proven it is safe,” Roome said.
