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
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.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#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.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#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.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground
-
News2 days agoCanva overtakes Atlassian as Australia’s top tech giant
-
Tech4 days ago
Big Tech’s record debt fuels AI infrastructure concerns
-
Tech4 days ago
Amazon engineers heavily impacted by record layoffs
-
News4 days ago
EU stalls COP30 climate deal over fossil fuel concerns
-
Tech1 day ago
OpenAI launches shopping research tool for ChatGPT users
-
Shows3 days ago
Meet the fantastic four conquering Shanghai’s business landscape
-
News1 day ago
S&P 500 and Nasdaq rally on Alphabet’s AI boost
-
News2 days ago
Trump pushes Zelenskyy to accept controversial Ukraine peace deal
