Money

New PM Sunak announces new budget date

Published

3 years ago

October 26, 2022

Ahron Young

Chancellor Jeremy Hunt will deliver an Autumn Statement on November 17, where he is expected to announce spending cuts to plug a £40billion black hole in the public purse.

Pensioners and benefit claimants should also learn how much their payments will rise by.

To calm jittery markets after Liz Truss’ shambolic premiership Mr Hunt is set to rein in borrowing by squeezing department Budgets.

Downing Street said: “The Prime Minister told Cabinet that economic stability and fiscal sustainability would be at the heart of this Government’s mission.

In his first intervention since being appointed justice secretary last week, Robert Buckland signalled the government was prepared to think again about the use of Alastair Darling’s emergency 50p tax rate for high earners.

It comes as Tory backbenchers have urged the new Prime Minister to use his first Budget statement to pledge significant tax cuts for middle-income earners.

Steve Baker, deputy chairman of the European Research Group of backbench Eurosceptic MPs, has written to Mr Johnson calling for a cut in capital gains tax – currently set at 20 per cent or 28 per cent depending on circumstances – and changes to inheritance tax rules.

In his letter, seen by The Sunday Telegraph, Mr Baker says Theresa May’s decision not to call a snap election in 2017 meant she “missed an opportunity” to enshrine in law her proposed increase in the income tax personal allowance from £11,850 to £12,500 and higher rate threshold from £46,350 up to £50,000.

Money

Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

Published

2 hours ago

February 9, 2026

Harvey Vargas

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

3 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

3 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker