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The limited growth recorded was driven by a range of industries which performed strongly in December, including pubs and bars and machinery manufacturers. A slightly different measurement called GDP per capita – which divides the total amount of GDP by the number of people in the UK – actually fell over the period, by 0.1%. That’s because while the economy expanded during the three months, the UK population also grew, meaning the share of the country’s wealth per person was smaller. The government has made economic growth a key political priority. Chancellor Rachel Reeves said she was not satisfied by…

The Bank also considers other measures, external, such as “core inflation” when deciding whether and how to change rates. Core inflation doesn’t include food or energy prices because they tend to be very volatile, so can be a better indication of longer term trends. This was 3.7% in January, up from 3.2% in December 2024.After the October Budget, the Bank predicted that the policies it contained – including an increase in National Insurance Contributions paid by employers – would lift inflation slightly as businesses passed on their increased costs through higher prices.In February, governor Andrew Bailey warned that the Bank’s…

Consumer sentiment tumbled in March as the impacts of President Donald Trump’s tariff policies and elevated price increases remain top concerns for Americans. The latest University of Michigan consumer sentiment survey released Friday showed sentiment hit its lowest level since November 2022. The index slid to a reading of 57.9, below the 64.7 seen last month and the 63 expected by economists. Pessimism over the inflation outlook soared again in March as one year-inflation expectations jumped to 4.9% from 4.3% the month prior. Just two months ago, consumers had only expected inflation of 3.3% over the next year. Long-run inflation…

Nvidia (NVDA) stock briefly extended its decline on Friday as the AI chip giant’s market cap losses from its record high in January reached $1 trillion. A broader market sell-off coupled with fears of an overvaluation in the AI trade has sent the stock tumbling more than 23% over the past two months. On Friday shares temporarily fell to hover near $107 each, down from their record close of $149.43 on Jan. 6, when the company’s valuation sat just north of $3.66 trillion. Nvidia’s market cap stood at $2.6 trillion during Friday’s session as selling on Wall Street intensified. On…

Macy’s (M) is joining a growing list of major retailers issuing weak outlooks as it braces for the impact of Trump tariffs and weary consumers. The department store chain reported Thursday that fourth quarter adjusted earnings per share came in at $1.80, beating analysts estimates of $1.54. But same-store sales grew only 0.2% and missed the Street’s estimate of 1.23%. Investors are laser-focused on guidance as policy concerns loom. This week, the Trump administration imposed a 25% tariff on Mexico and Canada after a 30-day pause and added a second round of 10% tariffs on Chinese goods. CEO Tony Spring…

Gas prices are expected to rise in certain states as early as Tuesday as Canadian crude product imports get hit with duties as part of President Donald Trump’s tariff plan. The Trump administration implemented 25% tariffs against imports from Canada and Mexico, carving out an exception for Canadian oil products, which are levied at 10%. The US imports roughly 4 million barrels of oil a day from Canada. The majority is sent via pipelines to the Midwest, Rocky Mountains, and Great Lakes region. New England receives refined products like gasoline, diesel, and jet fuel directly from Canada, meaning fuel prices…

Nvidia (NVDA) stock rose 1.7% Tuesday, as Wall Street analysts maintained their bullish outlooks despite potential regulatory risks and tariff headwinds. NasdaqGS – Delayed Quote • USD The stock had fallen as much as 3% earlier in the day as the Trump administration’s new tariffs dragged markets. President Donald Trump imposed 25% tariffs on Canadian and Mexican imports on Tuesday and a 10% duty on Chinese imports. While semiconductors aren’t directly affected by the new tariffs, Bernstein analyst Stacy Rasgon wrote in a February analysis when news of the tariffs first emerged that the duties would affect imports of data…

Only a few months ago, stocks traded at consistent record levels as Donald Trump’s presidential win fueled a bullish Wall Street high on the hopes of pro-business policies and lower taxes. Flash forward to today: That euphoria has all but evaporated. Trump’s tariff war escalation has sparked fears of slow economic growth while, at the same time, inflation remains stubbornly elevated. Softer data has also spooked investors in recent weeks, marking the return of “bad news for the economy is bad news for stocks.” DJI – Free Realtime Quote • USD As of 3:39:34 PM EST. Market Open. ^DJI ^GSPC…

Morgan Stanley analyst Adam Jonas said Monday sees shares of Tesla (TSLA) rising to $430 as it diversifies into artificial intelligence and robotics. Shares of the EV maker plummeted almost 28% in February as the company’s EV sales slumped, leaving investors to wonder whether CEO Elon Musk’s involvement in politics was turning off buyers. Tesla stock fell over 2.8% on Monday amid a broader tech sell-off; shares initially rose 2% as Jonas’s note circulated across Wall Street. Jonas predicts Tesla’s full-year 2025 deliveries could decline year over year, “creating an attractive entry point” for investors. The analyst reinstated Tesla as…

Apple CEO Tim Cook should go public to explain the delay in integrating advanced Siri capabilities across its ecosystem, rather than Apple releasing the news quietly via a tech site last week, according to prominent Apple analyst Ming-Chi Kuo. The tech giant showcased an AI-powered Siri at its WWDC event in 2024, as part of its Apple Intelligence initiative. While the virtual assistant does now have some AI smarts, the more advanced features — including personalized responses, task completion across multiple apps, and on-screen awareness –have been delayed until next year at the earliest. Writing in a post on X…