News
British Prime Minister defies calls to resign
Boris Johnson is pushing ahead, vowing to stay on as Prime Minister and continue leading his nation
There has been a landslide of calls for the PM to quit, after several top ministers announced their resignations, unsatisfied with how Johnson is sailing the ship.
There have been more than 40 resignations from within the government, with many lawmakers from within his own Conservative Party publicly staging an open revolt.
Sir Bernard Jenkin, who is the Chair of the Liaison Committee and Conservative MP says he told Johnson he “can go with some dignity” or be “forced out like Donald Trump, clinging to power and pretending he’s won the election when he’s lost”.
Treasury Minister, Helen Whately will also leave her post in the government.
“There are only so many times you can apologies and move on.”
Treasury Minister Helen Whately
It comes as Johnson hit back and fired Levelling Up Secretary Michael Gove from Cabinet, amid reports the minister was among a number of individuals pushing the leader to resign.
The British leader is refusing to say whether he will stay in the top job even if he loses a confidence vote from within his own party.
Speaking in parliament, former Health Secretary Sajid Javid says he is “deeply concerned about how the next generation will see the Conservative Party”.
Fellow Conservative MP David Davis believes Johnson’s pipeline of problems is “paralysing the nation”.
British media have also had a field day reporting on the resignations after reports emerged some Cabinet Ministers visited Downing Street to encourage Johnson to make a dignified exit.
Labour Leader Sir Keir Starmer says enough is enough, and believes those quitting now haven’t “got a shred of integrity”.
“The dying act of his political career is to parrot that nonsense,” Starmer says.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
News
U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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