Business

TikTok has said it’s removed accounts associated with Russian state media for “engaging in covert influence operations”. It’s part of the site’s efforts to prevent disinformation in the run up to November’s US presidential election. Accounts affected are those from media group Rossiya Segodnya, which owns the RIA Novosti and Sputnik news services; and TV-Novosti,

Numerous retailers and home improvement stocks could outperform over the next year as the Federal Reserve begins its interest rate-cutting cycle. CEO and chief research officer Dana Telsey pointed out that retail stocks on average beat the S & P 500 in the nine months after the U.S. central bank begins to ease monetary policy.

Trinny Woodall, the prominent entrepreneur, has secured a £15m financing boost as part of plans to expand her beauty empire. Sky News has learnt that Trinny London, which was founded in 2017, has struck a deal with Aurelius Finance Company, a private debt provider, to provide working capital to it. Industry sources said the agreement

It could be time to rethink popular portfolio strategies for a lower interest rate environment. The Federal Reserve’s half-percent rate cut on Wednesday marked the first time in more than four years it moved to lower the benchmark interest rate. According to VanEck CEO Jan van Eck, investors should start thinking about how the changing

A British hypersonic aviation pioneer is this weekend closing in on a £20m rescue deal that will see a Gulf-based sovereign fund becoming its biggest shareholder. Sky News has learnt that Reaction Engines is racing to finalise a two-part financing that will include leading shareholders extending loans to the company before providing a further equity

Vice President and Democratic presidential candidate Kamala Harris (R) shakes hands with former President and Republican presidential candidate Donald Trump during a presidential debate at the National Constitution Center in Philadelphia on Sept. 10, 2024. Saul Loeb | Afp | Getty Images Vice President Kamala Harris substantially outraised and outspent former President Donald Trump in

“It all begins with an NDA.” A former personal assistant of Harvey Weinstein sums it up quite nicely. What is going wrong in the workplace when it comes to widespread sexism, harassment, and bullying, particularly for women? The most serious consequence of which is sexual and physical violence as outlined, yet again, by the alleged

If you haven’t started moving out of cash, you may not want to wait much longer. Yields are coming down now that the Federal Reserve has started its rate-cutting cycle , decreasing the federal funds rate by half a percentage point on Wednesday. Still, there is a near record $6.3 trillion sitting in money market

A long-running measure of consumer confidence has slumped to levels last seen at the start of the year following warnings of “tough choices” ahead in the looming budget. GfK’s Consumer Confidence Index fell seven points in September to minus 20, with significant drops in predictions for personal finances and the general economy over the coming

Stocks roared higher in a delayed relief rally on Thursday, following the Federal Reserve’s jumbo-sized interest rate cut Wednesday, but rocky times may be ahead – and investors will want to prepare for that volatility. Excitement over the central bank’s half-point rate cut lifted the S & P 500 over the 5,700 threshold for the

The owner of the UK arm of the restaurant chain TGI Fridays (TGIF) has gone into administration, putting 4,500 jobs and 87 outlets at risk. Hostmore, which runs the UK franchise for TGIF, has appointed administrators and delisted its ordinary shares after struggling to find a “lasting solution” to save the business amid heavy losses

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024.  Kevin Mohatt | Reuters The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank

There’s been no change in the rate of price rises, official inflation figures showed. The rate of inflation stood at 2.2% in August, the Office for National Statistics said, the same as a month earlier. The announcement comes the day before interest rate setters at the Bank of England decide on the cost of borrowing,

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with

One of the UK’s largest energy companies OVO is to pay £2.37m in compensation for customer complaint failures. Energy regulator Ofgem said OVO will pay £378,512 directly to affected customers. Due to the “severity of consumer detriment” OVO also paid £2m to a fund supporting energy customers and developing energy projects, the energy industry voluntary

As investors gear up for this week’s Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME’s FedWatch tool . The question now is how big that