The S&P 500 rose sharply in on Monday after resilient earnings at Bank of America and news of a radically revised tax plan in Britain.
Category: Truss, Elizabeth (1975- )
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Stock Markets Bounce After a Week of Whiplash
The New York Times – Business: -
New U.K. Finance Minister Pulls Back Further on Fiscal Plan
The New York Times – Business:Jeremy Hunt, the new chancellor of the Exchequer, announced a sweeping reversal in an effort to steady the markets and reduce the pressure on Prime Minister Liz Truss.
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British Pound and Bond Prices Rise as New Chancellor Accelerates Tax Plans
The New York Times – Business:Jeremy Hunt, Britain’s new top finance official, said he would bring forward by two weeks measures to “support fiscal sustainability.”
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After Weeks of Turmoil, UK Markets Face Another Test on Monday
The New York Times – Business:Investors will get to weigh in after the Bank of England ended its bond market intervention and the bank’s governor offered conciliatory words over the weekend.
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Lessons From Liz Truss’s Handling of U.K. Inflation
The New York Times – Business:The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
The New York Times – Business:Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
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A “Roller Coaster” Day Whipsaws Markets
The New York Times – Business:Not even a worse-than-expected inflation report could sap investor enthusiasm. But analysts and traders worry that unpredictable market moves will continue.
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Andrew Bailey Battles Inflation Amid Britain’s Financial Storm
The New York Times – Business:Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.
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Last Inflation Report Before Midterms Tests Stock Market
The New York Times – Business:Higher-than-expected inflation data gave cold comfort to policymakers and investors alike.
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Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans
The New York Times – Business:Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.
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Turmoil Returns to the U.K. Bond Market
The New York Times – Business:The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous.