News
Tories turf out Tugendhat as UK contest becomes personal
Tom Tugendhat has been cut from the race to replace Boris Johnson amid an increasingly personal contest to become UK PM
Conservative MP Tom Tugendhat is no longer in the running – as four Conservative MPs continue to vie for Britain’s top political office.
In the latest round of votes, Tugendhat scored just 30 party backers, the lowest of the five remaining candidates – ending his chances at a tilt at Britain’s prime ministership.
It comes as a debate scheduled to take place on Tuesday with UK broadcaster Sky News was cancelled amid reports Rishi Sunak and Liz Truss refused to attend.
The contest has become increasingly personal.
Conservative voices have aired their concerns that the candidates are beginning to attack each other – instead of appearing as a united party.
Broadcaster ITV’s Sunday evening debate saw former Chancellor Rishi Sunak and Foreign Secretary Liz Truss appear increasingly frustrated, even hostile, attacking each other’s tax promises.
Meanwhile, in Westminster, the UK government called a “confidence vote” on itself in a bid to stave off pressure from Labour and Boris Johnson’s critics.
Labour’s Sir Keir Starmer has voiced his desire to see Boris Johnson out of Downing Street immediately – concerned that Mr Johnson will continue to have all the trappings of prime ministerial power for weeks and weeks.
But the tactic is likely little more than a political manoeuvre.
Mr Johnson is likely to win the vote of confidence his party brought on him on Monday – guaranteeing he stays in the top job until September 5.
News
Big Tech earnings spark investor unease over AI spending
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.
Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.
Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
News
Federal Reserve holds interest rates amid economic uncertainty
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.
The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.
Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.
Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#FederalReserve #InterestRates #Economy
News
Trump warns Iran as U.S. naval forces approach amid rising tensions
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.
U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.
Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.
The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.
#Trump #Iran #USForeignPolicy
-
Ticker Views4 days agoHow Iran is powering Russia’s next generation drone war
-
News3 days ago
Big Tech earnings spark investor unease over AI spending
-
Crypto4 days ago
White House holds talks with crypto and banking executives on new rules
-
Ticker Views4 days ago
Australia inflation, USD volatility and Fed dissent explained
-
Money3 days ago
U.S. dollar weakens while Australian dollar rises amid global market shifts
-
News4 days ago
Federal Reserve holds interest rates amid economic uncertainty
-
News4 days ago
Trump warns Iran as U.S. naval forces approach amid rising tensions
-
Ticker Views5 days ago
Landmark trial targets Meta, TikTok and YouTube over youth mental health
