UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.
Read more at MarketWatch
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Luxury goods groups drive European stocks to highest level in a month
LVMH and Hermès push up Cac 40 after Richemont’s better than expected salesFinancial Times - 2d -
FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - 5d -
Stock-market investors are getting nervous about this bond-market move that’s only happened twice in over 40 years
Stock-market investors are turning jittery over something which has apparently happened only two times in the bond market since the early 1980s: The 10-year Treasury yield has jumped by about as ...MarketWatch - 6d -
Their Social Security benefits were slashed. Now they’re getting hundreds — maybe thousands — of dollars back under new law Biden just signed.
Retired public workers will get check adjustments and retro pay under the recently signed Social Security Fairness Act.MarketWatch - Jan. 11 -
10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped after December's jobs report was stronger than expected.CNBC - Jan. 10 -
UK 10-year borrowing costs hit highest level since 2008
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rulesFinancial Times - Jan. 8 -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - Jan. 8 -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - Jan. 7 -
Wholesale gas price hits highest level in 14 months after Russian supplies stop
Transit agreement with Ukraine expires as storage supply levels in Europe fall at fastest rate since 2021. Business live – latest updates The wholesale price of gas has risen to its highest ...The Guardian - Jan. 2
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Israel-Hamas ceasefire deal delayed
Military hits targets in Gaza as Palestinian militant group fails to provide list of hostages to be releasedFinancial Times - 1h -
TikTok goes dark across US
Short-form video app says it is ‘fortunate’ that Donald Trump has ‘indicated he will work with us on a solution’Financial Times - 3h -
Is the stock market open tomorrow? Here’s what to know for Inauguration Day and MLK Day.
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Severance spending at top UK universities surges
FT analysis shows drop-off in overseas enrolments pushed redundancy payouts up by more than a fifth in 2024Financial Times - 4h -
The consensus on a strong dollar may be too complacent
There are at least three reasons why the greenback might not follow the script currently signalled by marketsFinancial Times - 4h