Business

While the S & P 500 is on pace to close out this volatile trading month higher, some individual stocks may still be due for a pullback. On Friday, the final trading day in August, the S & P 500 and the Dow Jones Industrial Average are on pace for monthly gains of roughly 1%.

Artemis, the London-based fund manager, is slashing the value of its stake in a revolutionary aerospace company which has set its sights on pioneering hypersonic travel. Sky News has learnt that Artemis, which holds a 2.3% stake in Reaction Engines, intends to write down the value of its holding by approximately 75%. An announcement is

A customer shops at a supermarket on August 14, 2024 in Arlington, Virginia.  Sha Hanting | China News Service | Getty Images Federal Reserve officials will get the latest look at their favorite inflation indicator Friday, a data snapshot that could influence the September rate decision even as policymakers appear to have their focus elsewhere

Smoking could be banned in pub gardens, outdoor restaurants and outside stadiums, according to reports. The measures are currently being considered by ministers according to The Sun newspaper. Smokers would also been prohibited from lighting up outside sport venues, nightclubs and in small parks, the newspaper said – citing “secret Whitehall papers”. Read more:How would

Investors have been jumping into single-stock funds that track Nvidia ahead of the chipmaker’s earnings report Wednesday, making this a key opportunity for a fast-growing corner of the ETF world to prove its worth. The GraniteShares 2x Long Daily Nvidia ETF (NVDL) has attracted more than $500 million of inflows over the last month, and

The owner of Ted Baker will on Wednesday announce that it has struck a deal with an American group to re-establish an online presence in the UK, days after its remaining retail stores were shut for good. Sky News has learnt that Authentic, which has owned Ted Baker since 2022, has struck a deal with

Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance deal, expected to close in

Sir Keir Starmer will vow on Tuesday to “reverse a decade of decline” and to “fix the foundations” of the UK economy. Delivering a much-trailed speech in the gardens of Downing Street ahead of parliament’s return next week, the prime minister will acknowledge the state of the public finances but pledge to “do the hard

Eli Lilly and Co. (LLY) has gained roughly 63% this year, outperforming the S & P 500 Pharmaceuticals index by over 40%. The strong outperformance from LLY has been associated with strong underperformance by other high-profile stocks within the industry group. They may be ready to catch up, according to the charts. Bristol-Myers Squibb Co.

The jersey Babe Ruth wore when he “called the shot” in the 1932 World Series before hitting a home run has sold at an auction for over $24.1m (£18.1m) – making it the most expensive sports memorabilia ever. The shirt, which sold at Heritage Auctions, tops the previous record held by fellow Yankee Mickey Mantle’s

Telegram founder and CEO Pavel Durov AOP.Press | Corbis | Getty Images  Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, a police source said. The arrest of the

A British fraud detection company backed by Mike Lynch, the technology entrepreneur who died this week, is in talks about a sale to Visa, the American payments giant, worth hundreds of millions of pounds. Sky News has learnt that Featurespace, which was founded in 2008 and is headquartered in Cambridge, is in advanced negotiations about

For years, I didn’t enjoy eating at fine dining establishments. The staff was always overly formal, the menu items were unfamiliar, and the restaurants were rarely transparent about how much it would all cost. Many diners share this sentiment, says Tara Lewis, a trend expert and vice president of consumer expansion at Yelp. “If you

The energy price cap will rise in October to an annual average of £1,717. Industry regulator Ofgem said the 10% rise was largely due to higher wholesale gas prices and urged bill-payers to “shop around” for fixed-rate deals. Money latest:Warning £2,500 will be added to stamp duty ‘overnight’ But the latest increase – which means

Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of

A tanker carrying 150,000 tonnes of oil has been damaged in the biggest attack on Red Sea shipping in weeks. The Greek-flagged MV Sounion was reportedly hit by at least four projectiles as men in several small boats opened fire on the vessel about 90 miles off the coast of the Yemeni port city of