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US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell
Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates
The US Senate confirmed Kevin Warsh as chair of the Federal Reserve, one.. - source: The Guardian - 13.05.2026
‘I don’t think about Americans’ financial situation,’ says Trump amid Iran talks
With US inflation at a three-year high, US president insisted he’s not focused on economic hardship sparked by the conflict
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Donald.. - source: The Guardian - 13.05.2026
UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty
Bovis Homes owner’s shares plunge 10.5% after it was forced to cut prices as buyers became cautious
One of the UK’s biggest housebuilders has said its profits will be.. - source: The Guardian - 13.05.2026
UK bond market on edge amid political turmoil – business live
Political instability, fears of drawn-out Labour leadership campaign, and possibility of Reform government all blamed for jump in UK borrowing costs
IS THE UK THE HARBINGER OF THINGS TO.. - source: The Guardian - 13.05.2026
Three-quarters of UK millionaires would be happy to pay more tax, research finds
Despite concerns super-rich are leaving due to tax burdens, 88% of those surveyed were proud to live in UK and would pay more to fund public services
Nine in 10 UK millionaires are proud to.. - source: The Guardian - 13.05.2026
Labour must offer more than ‘better managed decline’ on economy, MPs urge
Soft-left Tribune group issues thinly disguised attack on Keir Starmer, calling for bold policy renewal
An influential group of MPs has said Labour needs an urgent renewal of economic.. - source: The Guardian - 12.05.2026
Investor jitters over Starmer uncertainty drive UK borrowing costs to 28-year high
Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership change
Long-term UK borrowing costs soared to the highest level in almost three decades on.. - source: The Guardian - 12.05.2026
US inflation jumped to 3.8% in April as war with Iran continues to drive up prices
Prices rose 3.8% over the last year, according to Bureau of Labor Statistics data, highest jump since 2023
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US inflation jumped to.. - source: The Guardian - 12.05.2026
Rolling coverage of the latest economic and financial news
Starmer on the brink as cabinet ministers urge him to quit
Good morning, and welcome to our rolling coverage of.. - source: The Guardian - 12.05.2026
UK households cut back spending at fastest rate in 18 months, Barclays says
Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout
Households cut back on their spending in April at the fastest.. - source: The Guardian - 12.05.2026
Democrats are playing with fire in trying to reclaim tax cuts from Republicans
Senator Chris Van Hollen and other Democratic lawmakers are embracing a policy that hardly benefits the middle class
Soul-searching within the Democratic party is to be expected after its.. - source: The Guardian - 11.05.2026
Oil prices climb after Trump dismisses Iran’s response to peace plan
Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’
Business live – news updates
Oil prices have climbed after Donald Trump condemned Iran’s.. - source: The Guardian - 11.05.2026
US Senate expected to confirm Kevin Warsh as next Federal Reserve chair
Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bank
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The US.. - source: The Guardian - 11.05.2026
UK households bracing for new cost of living crisis, report finds
PwC survey reports fast fall in consumer confidence with people worried about Iran war’s impact on economy and personal finances
British households are bracing for a new cost of living.. - source: The Guardian - 11.05.2026
UK ‘to lose 163,000 jobs in 2026’ amid Iran war fallout, as oil price jumps again – business live
Rolling coverage of the latest economic and financial news
The Iran war has hit passenger numbers at the UK’s largest airport.
Heathrow has reported this morning that passenger.. - source: The Guardian - 11.05.2026
Banknotes are now so tattered that even buses refuse to accept them, as a dollarised economy and mobile phone payments push up the cost of essentials
As US troops withdrew from Somalia in.. - source: The Guardian - 11.05.2026
‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?
The economic warnings are bleak, but full extent of shortages are still not felt for many European countries
The biggest energy shock in modern history, jet fuel shortages “within.. - source: The Guardian - 10.05.2026
With Trump’s low approval rating and Republicans’ ‘self-destruction’, can Democrats take the Senate?
Even with the Iran war weighing Trump’s party down, Democrats face a challenge turning the upper chamber blue
The county of Louisa in eastern Iowa is so rural that there is not a single.. - source: The Guardian - 09.05.2026
UK borrowing costs fall and pound rises after Starmer says he will stay as PM
Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival
UK government borrowing costs fell and the pound rose on Friday as Keir Starmer vowed to.. - source: The Guardian - 08.05.2026
US added 115,000 jobs in April in surprise gain amid Iran war uncertainty
Unemployment remained steady at 4.3% as the US-Israel war on Iran continues to rattle the American economy
US employers added 115,000 jobs in April and the unemployment rate remained steady.. - source: The Guardian - 08.05.2026