US Economy

FCA says new young investors are taking on big risks like cryptocurrencies and foreign exchanges

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New young investors take on big risks by putting their money into cryptocurrencies and foreign exchange, regulator finds The Financial Conduct Authority said young investors use social media for tips Thrills, social status and gut instinct are motivating their investing decisions The regulator commissioned research looking into ‘self-directed’ investors By Jack Newman For Mailonline Published: … Read more

Warren Buffett’s wealth jumps to $100BN as he joins ‘mega rich’ billionaire’s club

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Warren Buffett has become the sixth richest man in the world after his net worth soared by almost $24 billion in under five months.  The owner of the multinational conglomerate Berkshire Hathaway now joins an elite club of men worth $100billion or more, that includes Jeff Bezos, Elon Mask, Bill Gates, Bernard Arnault, and Mark Zuckerberg.  … Read more

Pratt and Whitney’s parent company shares plunge after engines fail

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The company behind engine-maker Pratt & Whitney saw its share price slump in pre-market trading today after one of the firm’s engines exploded and rained down debris over Denver while another suffered a similar failure in the Netherlands.  Shares in Raytheon, the parent company of Pratt & Whitney, had suffered a 2.77 per cent drop … Read more

Twitter stock falls 10% as it fears MAGA attacks after Trump ban

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Twitter saw its shares drop by 6 per cent Monday wiping $2 billion off the company value on the first day of trading after banning Donald Trump from the platform.   The tech giant permanently suspended the president citing a ‘risk of further incitement of violence’ in the wake of the storming of the U.S. Capitol by … Read more

Twitter stock falls 10% as it fears MAGA attacks after Trump ban

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Twitter saw its shares drop by 6 per cent Monday days on the first day of trading after banning Donald Trump from the platform and purging his supporters.    The tech giant permanently suspended the president citing a ‘risk of further incitement of violence’ in the wake of the storming of the U.S. Capitol by his supporters.  … Read more

Paperchase on brink of administration: 1,500 UK jobs at risk

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Stationery chain Paperchase is on the brink of administration as new Covid lockdown puts 1,500 jobs and 173 stores at risk Paperchase appointed accountancy firm PwC to handle administration process   Approximately 1,500 jobs and 173 stores are on the line for the stationery retailer The retailer usually makes 40 per cent of its sales over November … Read more

Public sector cuts: Boris Johnson teachers’ pay rise pledge in doubt

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Boris Johnson’s election pledge to pay newly qualified teachers £30,000 is in doubt despite unions threatening industrial action and warning of an ‘exodus’ from the profession. Rishi Sunak is preparing a ‘pay restraint’ across the public sector, despite the £6,000 pay rise being a key policy in the 2019 Tory manifesto. Johnson had pledged to … Read more

UK Economy: Rishi Sunak to rewrite Treasury’s rules to help North

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Rishi Sunak is set to rewrite Treasury’s rules to ‘level up’ the North: Chancellor will use spending review to ensure investment in infrastructure previously skewed towards London and South East Rishi Sunak set to abolish the Treasury’s ‘Green Book’ rules on public investment Critics say the rules have favoured pumping investment into wealthier areas Treasury … Read more