Nvidia to report; PCE ahead - what’s moving markets
At 2:00 p.m. ET on May 20, the Federal Reserve released minutes, the last detailed window into committee deliberations before Kevin Warsh’s era formally begins.
Economy
EGR Wealth Limited enters administration
On 24 August 2026, EGR Wealth Limited (EGR Wealth) entered administration. Robert Goodhew and Geoff Bouchier of Kroll Advisory Limited were appointed joint administrators.
Wiped out: US faces surging toilet paper prices amid trade war with Canada
Paper products among hardest-hit sectors after trade negotiations broke down, with 25-50% tariffs estimated
‘132F’: meet the man calling out NYC’s infernally hot subway stations
Jack Klein takes heat readings, gives fans to overheated passengers and lugs big jugs of water into the stations
FCA bans trio behind £35.5m scheme designed to bypass visa rules
The FCA has decided to ban 3 former senior figures at Dolfin Financial (UK) Limited (Dolfin) after finding they ran a scheme that helped clients bypass UK visa rules.
London rollout of robotaxis delayed amid lack of guidance for firms to follow
Uber and Wayve had said they would start trips ‘later this summer’ but launch now looks unlikely this year
National lottery faces questions over new boss’s record in gambling industry
MPs tell regulator they are ‘deeply concerned’ over interim CEO Phil Walker’s roles at William Hill and Game Nation
Instagram CEO denies company hid low use of teen safety feature in Meta trial
Instagram’s CEO disputed allegations by US prosecutors that his company hid negative information from the public while testifying during a blockbuster social media trial.
Burnham mulls insolvency law shake-up to help bring utilities under public control
Andy Burnham is considering ripping up the country’s insolvency laws to make it easier to bring key utilities such as Thames Water under public control.
IMF chief says global economy weathered Iran war shock well
“Even in the best case, there will be no neat and clean return to the status quo ante,” said International Monetary Fund (IMF) Managing Director Kristalina Georgieva at a curtain-raiser event for the Spring Meetings of …
VW workers boo boss as he urges them to ‘pull together’ amid job cuts
The chief executive of Volkswagen has faced boos and whistles of protest at the company’s headquarters after telling thousands of workers that a comprehensive reorganisation, which could include job losses and factory c…
Minutes of the Board's discount rate meetings on July 20 and July 29, 2026
The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today's minutes cover the Bo…
Canada announces retaliatory tariffs on wide range of US goods
Canada has announced it will impose tariffs on a wide range of key American industries including cosmetics, dairy, wood products and outdoor equipment in the coming weeks, as it retaliates roughly “dollar for dollar” ag…
Lego sales jump 21% to nearly £5bn, helped by World Cup and F1 ranges
Lego sales have risen by more than a fifth as tie-ups with the football World Cup, Formula One and the hit film KPop Demon Hunters as well as its flower-based and Star Wars kits drive demand.
London bus drivers resume strike over heatwave working amid fears over air con deal
Drivers concerned that bus operator’s offer to retrofit cabs on 730 buses will not be complete by next summer
Canada to announce retaliatory tariffs on US goods today
TORONTO (AP) — Canada will announce retaliatory tariffs against the United States on Tuesday after relations deteriorated sharply Monday, with President Donald Trump telling Canadian leaders to “fall in line” or face co…
US building twice as much gas-fired capacity as China in AI boom, analysis finds
There has been a 76% increase in under-construction gas-fired projects amid ‘frenzy’ to build more datacenters
Two planned datacentres will have higher UK carbon emissions than ExxonMobil, analysis finds
The carbon emissions from just two planned datacentres in England will exceed all of the fossil fuel company ExxonMobil’s UK emissions, analysis has revealed.
US Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor.
‘Petty grievances’ and an alleged troublemaker: unsealed Murdoch court documents give rare glimpse into bitter succession battle
A year ago, Rupert Murdoch resolved the long-running fight over which of his children would control his sprawling media empire, ending a bitter legal battle and anointing his eldest son, Lachlan, as his successor.
Climate damage would obliterate any economic benefits of new North Sea fields, analysis shows
The climate damage caused by developing the Rosebank and Jackdaw oil and gas fields under consideration by the UK government would destroy their economic benefits many times over, according to an analysis.
Europe’s heatwaves threaten insurers’ earnings, rating agency S&P says
Europe’s intense heatwaves could hit insurers’ earnings as companies face a rise in claims linked to heat-related deaths and worsening health conditions, the rating agency S&P has said.
Jersey earnings rise by 1.2% after inflation
Average earnings in Jersey grew by 1.2% in real terms in the year to June, according to new figures.
Burnham refuses to rule out tax rises in autumn Budget
Andy Burnham has refused to rule out tax rises in the upcoming autumn Budget, saying he "won't be unrealistic" about the "challenging" state of public finances.