In the wake of the Bank of England’s first interest rate cut in four years, Britain’s biggest high street lenders have swiftly responded by slashing borrowing costs. This move has led to a surge in homebuyer activity, with Barclays, Halifax, HSBC, and NatWest now offering five-year fixed rate mortgages below the BOE’s key rate of
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Alaska Airlines has announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department after the antitrust investigation period ended without any legal action taken to block the deal. This comes eight months after the initial $1.9 billion agreement was announced by the two airlines for their merger. The next step
Boeing recently announced that it has temporarily halted flight tests of its 777X aircraft after uncovering damage in a specific structure of one of the planes. The company identified the damage in a custom part located between the engine and the airplane structure during routine maintenance. As a precautionary measure, Boeing has also grounded the
As the bell rings to start the trading day, Jim Cramer’s Charitable Trust has made the decision to sell its remaining 330 shares in Estee Lauder. This move comes following disappointing fiscal 2025 guidance from the company. The decision to exit the position was influenced by the weaker sales and profit outlook for the new
Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world with his recent investments in artificial intelligence companies. With a net worth of $184 billion, Arnault has been on a shopping spree for AI-related ventures through his tech-focused venture firm and family office, Aglaé Ventures. Aglaé Ventures
Inflation rates in the United States continued to decrease in July, largely due to a drop in price pressures for common consumer staples such as food and energy, as well as physical goods like automobiles. According to the U.S. Department of Labor, the consumer price index (CPI) rose by 2.9% in July compared to the
Buffer ETFs have gained traction among investors as a way to hedge against recent market volatility. These exchange-traded funds offer a unique opportunity for individuals looking to gain exposure to the market while mitigating downside risk. CEO of Innovator ETFs, Bruce Bond, highlights the benefits of buffer ETFs in providing protection during uncertain market conditions.
For the past 15 years, the federal minimum wage in the United States has remained at a mere $7.25 per hour. This stagnant rate has left many workers struggling to make ends meet, prompting calls for change from various quarters. Democratic presidential nominee Kamala Harris has pledged to fight for working families by raising the
The recent revelation by Gilead Sciences of a dangerous drug-counterfeiting operation has sent shockwaves through the pharmaceutical industry. The scheme, allegedly orchestrated by Peter Khaim, a notorious medical fraudster, involved tampering with HIV medications produced by Gilead and then improperly reselling them to unsuspecting patients. This discovery has raised serious concerns about the safety and
As incoming CEO Brian Niccol prepares to take the reins at Starbucks, one of the core issues he will need to address is the problem of operational inefficiencies plaguing the coffee giant. The mobile ordering system, which accounts for roughly one-third of Starbucks’ total sales, has created a bottleneck that is frustrating both customers and