Is your town on the list?

Is your town on the list?

St Ives in Cornwall has been named the happiest place to live in the UK by Rightmove. Photo: Peter Titmuss/Getty The UK’s happiest places to live have been revealed, with St Ives in Cornwall claiming the number one spot this year. St Ives overtakes Hexham to this year’s top spot, having alternated with the market … Read more

US October PCE core inflation +5.0% vs. +5.0% expected

US October PCE core inflation +5.0% vs. +5.0% expected

Priority was +5.1% (revised to 5.2%) PCE core MoM +0.2% vs. +0.3% expected Prior MoM +0.5% Headline PCE +6.0% vs +6.2% expected (prior +6.2%) Deflator MoM +0.3% vs +0.5% expected (prior +0.3%) Full report Consumer spending and income for October: Personal income +0.7% vs. +0.4% expected. Prior month +0.4% Personal spending +0.8% vs. +1.0% expected. … Read more

Piles of post stack up as Royal Mail strikes threaten Christmas mail and Sunak sets up task force

Piles of undelivered post have been pictured stacking up at depots across the country as Royal Mail strikes threaten to cause havoc over Christmas

Piles of undelivered post have been pictured stacking up at depots across the country as Royal Mail strikes threaten to cause havoc over Christmas. Images, taken in the last few days, appear to show mail bags piling up in North West England, South West London and Essex. More than 100,000 Royal Mail workers will strike … Read more

Key inflation measures that the Fed follows rose 0.2% in October, less than expected

Key inflation measures that the Fed follows rose 0.2% in October, less than expected

Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% … Read more

The deflating of the great cash cushion

The deflating of the great cash cushion

The writer is an FT editor contributing and global chief economist at Kroll It may be the most anticipated recession in history. Economists have been forecasting contraction for the US economy since at least April, shortly after the Federal Reserve began raising interest rates. But a bit like Godot, it has yet to show up. … Read more

China enlists Alibaba and Tencent in fight against US chip sanctions

China enlists Alibaba and Tencent in fight against US chip sanctions

China has enlisted tech giants Alibaba and Tencent to aid its efforts in designing semiconductor chips, as Beijing braces for further US-led sanctions aimed at suppressing Chinese computing power. The Chinese government has set up a consortium of companies and research institutes, including the Chinese Academy of Sciences, to create new chip intellectual property. Beijing … Read more