Business

Interest rates are coming down, but investors can still find some solid opportunities for yield in the preferred securities market, according to UBS Financial Services. Preferred securities combine attributes of bonds and stocks. They trade publicly on exchanges but they also pay a quarterly stream of income. Issuing companies are often banks and utilities. Yields

The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for Fiscal Studies (IFS). In its annual ‘Green Budget’ analysis, the IFS warned that the government would have to dramatically increase the £9bn of tax rises outlined in its manifesto to meet

Jaap Arriens | NurPhoto via Getty Images OpenAI is increasingly becoming a platform of choice for cyber actors looking to influence democratic elections across the globe. In a 54-page report published Wednesday, the ChatGPT creator said that it’s disrupted “more than 20 operations and deceptive networks from around the world that attempted to use our

Investors managing more than £9trn in assets have backed a more “competitive” approach to British boardroom pay amid a growing debate about London’s attractiveness as a listing destination. Sky News has learnt that the Investment Association (IA), the influential industry trade body, will publish on Wednesday a revised set of remuneration principles aimed at the

Pavlo Gonchar | Lightrocket | Getty Images Shares of Trump Media surged nearly 19% on Tuesday, putting the Truth Social operator on track for its fourth straight day of gains — its longest positive price streak since June. DJT shares at one point jumped to $22 in extremely heavy trading, nearly 90% higher than the

Rachel Reeves, the chancellor, will this week hold further talks with bank bosses amid industry anxiety that she will raise the tax burden on it at this month’s budget. Sky News has learnt that Ms Reeves will meet the chief executives of Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander UK on Wednesday. It

Inflation could be a market-driving fear again this week when September data is released, according to Bank of America. The financial firm’s trading desk said in a note Monday morning that the market-implied move for stocks around Thursday’s consumer price index report is now above 1%, compared to a realized move of 0.7% over the

A US Air Force Reserve brigadier-general will this week unveil a $5m funding boost for her British-based quantum computing start-up. Sky News understands that Mandy Birch, who is also an adviser to the UK’s National Quantum Computing Centre, has secured the capital for TreQ, a manufacturing company focused on building and operating open-architecture quantum computers.

Outgoing First Lady Melania Trump listens as her husband Outgoing US President Donald Trump addresses guests at Joint Base Andrews in Maryland on January 20, 2021.  Alex Edelman | Afp | Getty Images Melania Trump stood firm on her pro-choice abortion position on Sunday, despite acknowledging the divergence from the Republican campaign platform of her

Before we get onto the budget and what Rachel Reeves might do to fiddle her fiscal rules and give herself a little more room to spend, I want you to ponder, for a moment, a recent report from the Office for Budget Responsibility (OBR). This wasn’t one of those big OBR reports that get lots

Former President Donald Trump arrives for a campaign rally in Butler, Pennsylvania, on July 13, 2024. Evan Vucci | AP Former President Donald Trump is set to hold a Saturday rally in Butler, Pennsylvania, the site of his July 13 rally that erupted in chaos after a gunman opened fire in a failed attempt to

The UK needs a strategy to meet growing demand for data centres or risk losing its advantage in the race to develop artificial intelligence (AI), one of the sector’s largest players has told Sky News. Data centres – warehouses housing processors that power cloud computing – are central to the digital economy. They provide the

Dockworkers strike in a picket line outside of the Port of Houston Authority on October 01, 2024 in Houston, Texas.  The strike, affecting 36 ports, marked a historic event and was the first by the union since 1977. While the International Longshoreman’s Association and the United States Maritime Alliance reached agreement on better wages, automation

Rachel Reeves, the chancellor, will deliver her maiden speech to Britain’s most important annual gathering of financiers and business leaders in mid-November. Sky News understands that the Treasury, Bank of England and the City of London Corporation have agreed to stage the Mansion House dinner on 14 November. The dinner will come just over a

Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024.  Angus Mordant | Bloomberg | Getty Images September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like

Tesco has said a focus on value amid the continuing squeeze on shoppers’ budgets has paid off through a rise in half-year profits. The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its