Sajid Javid launched a devastating critique of Boris Johnson in the House of Commons as he told MPs why he quit as health secretary, warning that “the problem starts at the top” with the prime minister. Javid triggered an avalanche of ministerial resignations when he stepped down on Tuesday evening, including chancellor Rishi Sunak —
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The five hottest U.S. cities in the summer are Phoenix, Las Vegas, Tucson and San Antonio, each often reaching into the triple digits. “Extreme heat events can be dangerous to health – even fatal. These events result in increased hospital admissions for heat-related illness, as well as cardiovascular and respiratory disorders,” according to the CDC.
Patchogue, N.Y.: A home for sale, under contract, on Center Street in Patchogue, New York on May 17, 2022. Steve Pfost | Newsday | Getty Images In many areas of the country, homes continue to sell even as rising mortgage rates, high prices and recessionary concerns filter through economy. During the recent real estate boom,
Municipal yields fell for the third session in a row following the flight-to-safety bid in U.S. Treasuries as recession concerns continue to grow. Equities were mixed. Triple-A benchmark yields were bumped three to six basis points Tuesday with the strongest moves out long. Falling yields over the past two weeks have been “a welcome sigh
Signs of a rapidly deteriorating U.S. economic outlook have spurred bond traders to pencil in a complete policy turnaround by the Federal Reserve in the coming year, with interest-rate cuts in the middle of 2023. Fed Chair Jerome Powell — who is widely expected to keep lifting the central bank’s benchmark rate for some time
Norway’s Equinor is temporarily shutting down three oil and gasfields after workers went on strike, intensifying regional supply troubles and pushing European gas prices to a four-month high. The strikes that began on Monday evening will affect 89,000 barrels of oil equivalent a day of production at fields on Norway’s continental shelf. The trade union
For the New York real estate market, the first quarter of 2022 delivered the same high volume of sales and competitive bidding situations as the latter months of 2021. However, towards the end of March a breath of slowdown crept in. Throughout the second quarter that slowdown has accelerated: fewer signed contracts, fewer bidding wars,
Historic row houses in Columbia Heights neighborhood of Washington. amedved | iStock | Getty Images Million-dollar homes aren’t common in the U.S., but you’re more likely to find these properties along the coasts. That’s according to a LendingTree study that ranked the country’s 50 biggest metropolitan areas by the share of owner-occupied properties worth $1
Some of Britain’s largest industrial users of energy will warn ministers on Wednesday that sections of industry are at risk of closure this winter if there is a severe gas shortage and emergency measures to curb usage are introduced. The Energy Intensive Users Group, which represents the UK’s heaviest industrial energy users such as glass
A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Investors just can’t seem to find a trough in this bear market, and are struggling to hold on to any optimism amid growing concerns of a possible recession. However, the key to surviving a bear market successfully
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE (Click here to subscribe to the new Delivering Alpha newsletter.) A majority of Wall Street investors believe the market stands pretty much dead in the water for the rest of 2022 and, as a result, think it’s time to buy dividend-paying stocks, according to the
He allegedly had $4mn in banknotes stuffed down his couch. When the money was stolen, he did not properly inform the authorities. And this was meant to be the good guy. Cyril Ramaphosa, South Africa’s president, has been leading the charge against graft. Under his predecessor, Jacob Zuma, the surrender of much of the state
The writer is a science commentator The lack of international solidarity exposed by the pandemic, particularly after rich countries hogged Covid-19 vaccines, led to cries of “never again”. Never again should vital data and samples be held back in an outbreak; never again should the global south be abandoned by the global north in the
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most hated trades this year. The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers
In this article IMO-CA SU-CA ADBE AVGO KLAC A sign on the campus offices of chipmaker Broadcom Ltd is shown in Irvine, California. Mike Blake | Reuters As the first half of 2022 winds down, investors can be certain of at least one thing: This year will likely continue to be difficult. Economic risk is
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares fell on Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers. Binance.US, the U.S. affiliate of the
On the final day of February, a group of European financiers and entrepreneurs gathered on a late-night online meeting to resolve a boardroom dispute. The Microsoft Teams meeting only lasted 35 minutes. But it was enough time for the board to wrest control of the rights to launch hundreds of low-earth orbit (LEO) satellites from
Valuations for tech companies have begun to fall in the UK, according to the head of the state-backed British Business Bank, which is preparing to use its funds to help support start-ups in the face of economic headwinds. Equity investment into smaller UK businesses increased by 88 per cent to £18.1bn in 2021, according to
As he battled to save his job this month, Boris Johnson warned his MPs not to get into “some hellish, Groundhog Day debate about the merits of belonging to the single market”. Brexit, he warned his mutinous party in a sweaty House of Commons meeting room, was settled. Later that day, Johnson limped to victory
Volkswagen’s anchor shareholder, the state of Lower Saxony, has joined Germany’s most powerful union boss in calling on the company to address allegations of human rights abuses in Xinjiang, the Chinese province where the manufacturer has had a car plant since 2013. The unusual interventions by IG Metall’s Jörg Hofmann and Lower Saxony’s minister president
How many times can the same chief executive make a “gaffe” before investors should start taking him at his word? Volkswagen CEO Herbert Diess infuriated Ukrainian officials this week by suggesting the EU should prioritise a rapid settlement with the country’s Russian invaders for the sake of economic growth. “I think we should do the