Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure
Bad news for those looking to buy a home: it’s looking like high mortgage rates are here to stay in the months ahead. Mortgage rates have hovered in the 6 to 7% range this year, with the 30-year rate at 6.76% as of last week, according to Freddie Mac. And they’ll stay in that range
Since 1999, millions of savers have relied on the Cash ISA to protect their hard-earned money from tax and stock market turmoil. Now, that sanctuary is under siege. Reports suggest that Reeves is plotting to slash the £20,000 annual ISA allowance to just £4,000 from April 2026. This would be a devastating blow to savers,
Uncertainty has been the flavor of the month in April on Wall Street. Tariffs of 10% are still in place on most countries, leaving investors wondering about inflation and recession prospects as consumer and business sentiment decline rapidly. President Donald Trump also continues to flip-flop on his most extreme tariff policies almost daily. When will
The crypto community has not been spared the tariff-induced panic that swept American and global markets last week, with many of its key voices now lashing out at the man once thought to be heralding a new age for digital assets. While losses on Wall Street tempered on Monday, the stock market has undergone a
Shares of Coinbase Global and other firms linked to cryptocurrencies were hammered this quarter, as growing concerns about the US economy weighed on digital assets. Coinbase fell 31 per cent in the worst quarterly performance since FTX collapsed near the end of 2022. Nearly every major crypto-linked stock plunged alongside it, from conglomerate Galaxy Digital
One side effect of the Trump administration’s tariffs on imported goods will be a stronger dollar, which will make U.S. exports more expensive and less competitive abroad. Thing is, those tariffs — along with the administration’s approach to foreign policy — may be starting to have another negative effect on the economy: getting foreign investors to
Global fund managers dumped a record amount of US stock during last week’s sell-off, BofA found. The surveyed investors expressed pessimism around the global economic-growth picture. Stagflation was a commonly-cited fear, with expectations for the scenario at the highest since late 2023. As US stocks slipped into a 10% correction last week, investors were dumping