Bill Ackman abruptly withdraws IPO of Pershing Square US fund
Bill Ackman has withdrawn the proposed public listing for closed-end fund Pershing Square USA in a huge about-face for the ...
Meta’s revenue growth and upbeat guidance help offset AI spending worries
Meta’s solid quarterly revenue growth and upbeat guidance sent its shares higher on Wednesday, as the strength of its core ...
EU and US race to prevent Mideast war after Israeli assassinations
Diplomats hold crisis talks in effort to stop full-blown war in reaction to killing of Hizbollah and Hamas leaders ...
Kamala Harris gains endorsement of carworkers as union support builds
Backing from UAW a boost for Democratic presidential candidate with labour issues set to be central to election campaign ...
High cholesterol critical factor in development of dementia, study finds
High cholesterol in the over-40s and hearing impairments were most commonly associated with people developing dementia ...
Powell says September rate cut ‘on the table’ after Fed notes ‘some further progress’ on inflation
But, acknowledging that the Fed’s confidence had increased following a run of good inflation data in June and July, Powell suggested that “ [a] rate cut could be on the table at the September meeting” ...
Beauty’s recession-proof status won’t survive this consumer squeeze
Beauty products are touted as virtually recession-proof. When times are good, consumers slather on the anti-ageing, plumping and illuminating serums. When times are bad, the so-called “lipstick effect ...
Boeing picks Kelly Ortberg to be chief executive as losses widen
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Federal Reserve holds US interest rates steady but signals it is closer to cutting
The Federal Reserve has signalled it is closer to lowering interest rates, after US policymakers voted to hold borrowing ...
Indian IT outsourcer Infosys hit with $4bn tax demand
Indian authorities have hit leading IT outsourcer Infosys with a $3.9bn tax demand, making it one of the latest of the country’s corporate champions to run afoul of government revenue collectors.
Thames Water breaches licence conditions with fresh rating downgrade
Thames Water needs to maintain two investment-grade ratings in order to comply with its licence, unless Ofwat makes an exception and allows a degree of leniency. But last week Moody’s took the same ...
Live news: US labour costs ease in sign of cooling jobs market as Fed decision looms
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