Dow collapses nearly 800 points, ushering in a bear market

Wall Street’s massive overnight sell-off has made the Dow flirt with a bear market as investors appear resigned to the fact that the Fed has given up hope of a “soft landing” and will continue to raise interest rates aggressively to fight inflation – even if it means a deeper recession. The Dow Jones Industrial … Read more

Dow collapses nearly 800 points, ushering in a bear market

Wall Street’s massive overnight sell-off has made the Dow flirt with a bear market as investors appear resigned to the fact that the Fed has given up hope of a “soft landing” and will continue to raise interest rates aggressively to fight inflation – even if it means a deeper recession. The Dow Jones Industrial … Read more

What time is the mini-Budget today? Plus, what to expect from Truss’ tax cut plans?

Mr Kwarteng and Ms Truss are reportedly considering accelerating the 1 cent income tax cut – a cut in the base rate from 20 cents to 19 cents in the pound – currently slated for 2024. Mr Sunak confirmed the move when he was Chancellor earlier this year and it is rumored that the move … Read more

Queen’s funeral could push UK into ‘technical recession’: economic forecast

The death of Queen Elizabeth II could be the blow to the UK’s already tense economy into a “technical recession”, according to an economic projection, as some Canadians are also ringing warning bells about the effect of a national holiday on the economy. companies of the country. The forecast follows economic data released earlier this … Read more

Liz Truss considers plans to freeze utility bills until next election

Ms Truss’ first policy announcement will be what campaign figures call a double package of measures to help households with rising energy bills, plus energy supply reform. While the Truss campaign remained publicly silent on the measures on Monday, details are surfacing about the options being considered. The Telegraph understands that Ms Truss plans to … Read more

Liz Truss considers ‘nuclear’ option of 5% VAT cut

In France, ministers promised on Saturday to maintain limits on power prices that prevent energy companies from rising by no more than four percent next year in a bid to protect households from rising tariffs. Mrs. Truss’s campaign has begun drawing up plans for her “emergency budget,” but a source close to her said on … Read more

Rishi Sunak is responsible for high inflation

It comes after a clash between Ms Truss and Mr Sunak during Friday’s debate on Channel 4. The former chancellor said: “Liz, we have to be honest. Borrowing your way out of inflation isn’t a plan, it’s a fairy tale.” Ms Truss replied, “You can’t tax your way to growth,” referring to Mr Sunak’s refusal … Read more

Inflation and Deflation Risks… Challenges for Johnson’s Successor

Huge economic challenges await Boris Johnson, at the helm of the British government; It will face inflation at its highest level in 40 years, the cost of living and the risks of deflation, along with calls from conservatives to cut taxes. Kieran Tomkins of Capital Economics said the next prime minister will likely have to … Read more

Capitalists are certainly not climate cynics – they are the ones who actually solve the problem

A cascade of port regulations over time will keep dirty ships from entering the world’s major trading centers, with obvious implications. Green fuel pioneers are becoming the new supermajors, moving cargoes of imported crude oil from the Gulf. “We can generate solar energy at an equalized cost of three cents per kilowatt,” said Sumant Sinha, … Read more