Troubled battery start-up Britishvolt could collapse within the next two months if emergency funding is not found, according to a report. The firm needs £200 million to last until next summer (when it expects the first battery orders from car ...
Electric Mini production is to be shifted from the UK to China in a fresh blow to Britain’s ambitions for a green car industry. The brand’s German owner BMW said it is planning to halt production of the electric cars ...
Jeremy Hunt is to delay a penny cut in income tax, the flagship announcement in the disastrous mini-budget, to help plug a black hole in the public finances that had reached £72 billion. In the latest in a series of ...
More than five million families are set to see their annual mortgage payments rise by an average of £5,100 by the end of 2024, a think tank has predicted. The increase will vary across the country with Londoners hit hardest, ...
It was a wild ride on Wall Street this week, with stocks swinging wildly in both directions before closing overall a little lower for the week. The CPI data indicates inflation is entrenched in the economy, squeezing household real income, ...
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen shares the next area of possible support for the markets. She also reviews what’s driving these markets lower and what we’ll need to see to stem the losses. Lastly, she highlights ...
On Thursday, the S&P 500 index opened around 3500, which is a fairly significant level. That price point represents a 50% retracement of the 2020-2022 bull market phase. Was I surprised to see a bounce off the 50% retracement level? Absolutely not. As ...
On this week’s edition of Moxie Indicator Minutes, TG explains that, while the market did gap down on the hot CPI number, that gap sparked a strong short squeeze all day on 10/13/22. That’s all well and good, but can ...
On the weekly Relative Rotation Graph, the tail for XLF has just crossed over into the leading quadrant while keeping up its rising relative momentum. This makes the financials sector one of the leading sectors in the market at the ...
The government will raise corporation tax despite promising not to do so in the mini-budget. Kwasi Kwarteng, who was today sacked as chancellor, promised in the mini-budget last month to keep corporation tax at 19% instead of increasing it to ...