Boris Johnson remains interim PM until successor found

Published

3 years ago

July 8, 2022

Boris Johnson will stay as interim prime minister of the United Kingdom until the Conservative party decide on who succeeds him

Boris Johnson resigned as United Kingdom’s prime minister, triggering a race to fill the top job.

“I know that there will be many people who are relieved and perhaps quite a few who will also be disappointed. And I want you to know how sad I am to be giving up the best job in the world. But them’s the breaks.”
BORIS JOHNSON
FORMER PRIME MINISTER OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND

By midday on Thursday, 59 Ministers in Boris Johnson’s government had resigned their posts.

Less than one hour later, Boris Johnson appeared at 10 Downing Street’s front door – saying it was clear a new leader was needed.

The Prime Minister @BorisJohnson makes a statement. https://t.co/EfgXuyazjw
— UK Prime Minister (@10DowningStreet) July 7, 2022

It was a speech noted for its absence words like “resign” or “resignation”.

“It was a short and bizarre resignation speech which didn’t mention the word resign or resignation once. There was no apology, no contrition,”
Andrew Bridgen
CONSERVATIVE MP

Despite a meteoric rise to the UK’s top job, Boris Johnson’s prime ministership quickly plunged into scandal and outrage.

He took over the reigns from Theresa May, who failed to deliver Brexit on her watch.

He called an election for December 12, 2019 with the promise to “Get Brexit Done” and won the Conservatives an 80-seat majority, paving the way for a rapid Brexit.

But the twilight of his prime ministership saw increasing scandals and disgrace that ate away at his authority and support.

Parties and socialising that took place in Number 10 during the height of Coronavirus pandemic lockdowns were revealed, and became persistent scandal.

Luxurious and expensive renovations of the residences within Number 10 were a further source of public anger.

As was the appointment of a minister who was accused of sexual misconduct.

Ultimately, Boris Johnson, famed for his bluster, banter and cavalier bravado could not hold onto power.

British Prime Minister Boris Johnson leaves from the back entrance of Downing Street in London, Britain June 6, 2022. REUTERS/Toby Melville

Boris Johnson leaves behind a post-Brexit nation

He leaves behind Northern Ireland, the only part of the UK that shares a land border with the European Union, facing increased bureaucracy, paperwork and delays in customs.

An increasingly loud Scotland with Nicola Sturgeon making the case for another attempt at Scottish independence.

And a country reeling from a cost of living crisis.

Whoever ultimately takes over from Boris Johnson will have to hit the ground running.

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

6 hours ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#StockMarket #WallStreet #Nvidia #Bitcoin #AIStocks #MarketCorrection #TickerNews #Investing

News

Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Published

6 hours ago

November 5, 2025

Ahron Young

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#DickCheney #BreakingNews #USPolitics #IraqWar #WarOnTerror #RepublicanParty #TickerNews #WorldNews

News

Nasdaq sell-off deepens amid AI stock concerns

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

Published

8 hours ago

November 5, 2025

Ahron Young

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

In Short:
– Stocks fell due to concerns over AI valuations; S&P 500 down 1.2%, Nasdaq down 1.9%.
– Palantir shares dropped 9% despite strong performance, raising questions about sustainability of high valuations.

Stocks fell on Tuesday as investor concerns regarding artificial intelligence valuations impacted major indices.

The S&P 500 declined by 1.2%, and the Nasdaq Composite dropped by 1.9%, while the Dow Jones Industrial Average lost 304 points, equating to a 0.6% decrease.Palantir shares dropped 9%, despite the company’s strong third-quarter performance and positive forecasts attributed to its AI sector growth. The stock has surged over 150% this year, yet trades at over 200 times its forward earnings, leading investors to question whether such valuations can be sustained.

Other tech stocks also faced declines, including Oracle and AMD, which saw drops of 4% and more than 3%, respectively.

Gains in AI stocks have inflated the S&P 500’s price-earnings ratio above 23, raising concerns about stock valuations. Ameriprise market strategist Anthony Saglimbene highlighted potential risks, stating that investors are questioning if future profit growth will support high capital expenditures.

Market Outlook

Comments from executives at Goldman Sachs and Morgan Stanley further added to market worries.

Both firms predicted potential market pullbacks, with drawdowns of 10% to 20% possible within the next two years. Saglimbene noted a narrow market breadth in recent months, suggesting limited alternatives if a downturn occurs in the tech sector.