News
Record-breaking heat sees UK battle wildfires
UK struggles against record-breaking heat, infrastructure failures and wildfires as temperatures soar due to climate change
Extreme heat saw Britain swelter as the mercury hit 40.3 degrees celsius in England’s north – the hottest temperature ever recorded in the United Kingdom.
Heathrow Airport and St James’s Park in central London weren’t far behind, hitting 40.2 degrees.
The London Fire Brigade declared an emergency incident.
As it battled baking heat and fires sparking across multiple locations in and out of the national capital.
Professor Stephen Belcher, the Met Office’s chief scientist said that the extreme heat was due to climate change.
“If we continue under a high emissions scenario we could see temperatures like these every three years”
prof stephen belcher, chief scientist, uk met office
Thousands of people in Yorkshire, Lincolnshire and the north-east were left without power after transmission equipment overheated.
Many train services were cancelled as the steel rails buckled under the heat, and overhead wires sagged.
Schools closed early – or even refused to open.
The supreme court moved hearings online.
And the British Museum closed at 3pm – earlier than normal because of the unprecedented heat.
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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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews
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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