This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchAlthough her next Budget remains three weeks away, exhausted political commentators are already confident of some measures to be announced by Rachel Reeves, the U.K.’s finance minister.One is a further extension of the freeze in the thresholds at which people begin to pay the basic and higher rates of income tax.Another is a 4% rise in the National Living Wage (NLW) — the minimum hourly wage British employers must pay workers aged 21 or over — to £12.70 ($16.56) from the start of…
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A sign with the Toyota logo in Surrey, England on August, 2023Peter Dazeley | Getty Images News | Getty ImagesToyota Motor on Wednesday missed operating profit estimates for the quarter ended September as the Japanese auto giant bears the brunt of U.S. tariffs. Here are Toyota’s September quarter results compared with mean estimates from LSEG:Revenue: 12.38 trillion yen (about $81 billion) vs. 12.18 trillion yenOperating profit: 834 billion yen vs. 863.1 billion yenThe world’s largest carmaker by sales volume reported a nearly 28% drop in profit , year on year, while revenue increased over 8%.The company released 6-month results — from…
A jobseeker holds a brochure during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty ImagesEmployment opportunities hit their lowest level in more than 4½ years as October came to a close and the government shutdown dragged on, according to data from jobs site Indeed.The firm’s Job Postings Index fell to 101.9 as of Oct. 24, the most recent point for which data is available. That’s the lowest since early February 2021 for a measure that uses February 2020 as a…
The logo of McDonald’s is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald’s is expected to report its third-quarter earnings before the bell on Wednesday.Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per share: $3.33 expectedRevenue: $7.1 billion expectedThe fast-food giant, often seen as a bellwether for the financial health of consumers, has spent more than a year sounding the alarm about a pullback in spending from low-income diners. But Wall Street is anticipating that McDonald’s will report same-store sales growth for the second straight quarter, showing that its value strategy is winning over customers.Kicking…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were accelerating to the downside Tuesday afternoon. The S & P 500 fell more than 1%. The Nasdaq dropped nearly 2%, with tech stocks under pressure on concerns about lofty valuations after a big run. Despite these declines, the S & P 500 was only off about 1.5% from its record closing high one week ago. Drug deal : Eli Lilly shares were modestly higher in Tuesday’s down market…
California voters approved new congressional district boundaries Tuesday, delivering a victory for Democrats in the state-by-state redistricting battle that will help determine which party wins control of the U.S. House in 2026 and, with it, the power to thwart or advance President Donald Trump’s agenda.The approval of Proposition 50 gives Democrats a shot at winning as many as five additional seats, just enough to blunt Texas Republicans’ move to redraw their own maps to pick up five GOP seats at Trump’s urging. Texas’ move and California’s response have kicked off a flurry of redistricting efforts around the country, with Republican…
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC.Kevin Dietsch | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Palantir’s popcornTech earnings continued yesterday with Palantir Technologies, which beat Wall Street’s expectations on the top and bottom lines for the third quarter. The company also issued better-than-expected guidance for its current quarter.Here’s what to know:Palantir,…
Ben Emons, FedWatch Advisors founder and CIO, joins ‘Fast Money’ to talk the day’s market downturn and how to play it. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Tuesday and what’s on the radar for Wednesday’s session. Obesity in the USA We’ll follow reports on Wednesday that the White House is working on a deal with Eli Lilly and Novo Nordisk to have their diet drugs under the Medicare and Medicaid umbrella. Shares of Eli Lilly are up 5.1% in two days and up 10.6% in a…
Zohran Mamdani, Democratic candidate for mayor speaks during a press conference celebrating his primary victory with leaders and members of the city’s labor unions on July 2, 2025 in New York.Angela Weiss | Afp | Getty ImagesDemocrats made a clean sweep in the three biggest contested elections in the United States on Tuesday night.The top Democrat in the Senate, Minority Leader Chuck Schumer of New York, even before the races were called, said that their outcomes were a sharp rebuke to President Donald Trump, a Republican.Trump, in a social media post, said that unnamed “pollsters” concluded that the reason Republicans…
