US microchip maker Nvidia achieved the biggest one day increase in value of any company in history as investors clamour for a stake in the AI industry. Shares in the Californian company surged 16.4pc in New York on Thursday, adding $277bn (£219bn) to its market value. The rise eclipsed a $197bn gain made by Meta at … Read more
Thanks for joining me. Gold prices have started the week by hitting a six-month high after a slump in the value of the dollar. The safe-haven asset hit $2,017.82 an ounce as the value of the dollar continues to slide amid bets on money markets that the US Federal Reserve will not increase interest rates … Read more
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, Rightmove said. While asking prices do usually record a fall at this … Read more
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 the National Bureau of Statistics (NBS). The reading was twice as big … Read more
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 looking to sell. London is expected to be hit hardest by an … Read more
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 over the four-year agreement. The deal still needs to be approved by … Read more
As the cost of living continues to put pressure on U.S. households, many are feeling the crunch. However, a new study published this month by Hilton suggests that consumers plan to spend more on travel in 2024. How? By reducing other areas of their personal spending to make leisure travel a priority. The inflation crunch … Read more
Taxes must rise to halt debt spiral, warns IMF – latest updates The Telegraph Source link
FTSE 100 slumps as oil giants hit by bond sell-off – latest updates The Telegraph Source link
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 data also showed that the UK economy grew by more than first … Read more