Finance
Kellogg's admits snap, crackle and pop is quieter after uproar over Rice Krispies recipe change
The cereal giant has changed the recipes for Rice Krispies and Coco Pops, sparking a backlash online.
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Finance
The latest published reporting in this category.
Finance
The great sleeping giant of America has awakened | Robert Reich
The real question in my mind is whether Democrats will take advantage of the new age of populism The great sleeping giant of the US has awakened, taken a hard look at what’s become of the nation, and roared a thunderous “NO!” What occurred on Tuesday was not – as some are saying – the inevitable midterm swing of the pendulum against the party in power. Texas hasn’t elected a Democratic senator since 1988. The last time Kansas elected a Democratic senator was 1932. Robert Reich, a former US secretary of labor, is a professor of public policy emeritus at the University of California, Berkeley. H
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Finance
Billions in revenue proves Fifa right on the World Cup – but only on things it cares about
The 2026 edition of the tournament brought in untold amounts of money to Gianni Infantino’s governing body The total hasn’t entirely stopped rising yet, still clicking away towards a final tally. Still, Fifa has already announced that it surpassed its own lofty revenue projections for the 2026 World Cup, bringing in $15bn, significantly more than anticipated. It appears that a third of that total – $5bn – came from ticket sales and hospitality alone, per reporting from the Times. That would mean direct income from the matchgoing fans came in five times as high in the United States, Canada and
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Finance
Trump’s billionaire-blue collar coalition has been smashed by class politics | Aditya Chakrabortty
As tech bosses get richer and ordinary Americans struggle, Democrats put the case against the US’s grotesque unfairness – and voters responded Remember the “vibe shift”? Just last year, columnists and corporate boardrooms alike declared that the second coming of Donald Trump meant the old rules of politics and even everyday civility were roadkill. “I feel liberated,” one top banker told the Financial Times. “We can say ‘retard’ and ‘pussy’ without the fear of getting cancelled … it’s a new dawn.” Continue reading...
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Finance
Airbnb can be positive for the community | Letters
Readers respond to an article by Arwa Mahdawi on some self-catering hosts calling for a strike in response to new guidelines Regarding Arwa Mahdawi’s article (Airbnb feels like a soulless rip-off – and its hosts are revolting, 28 October), I’m really sick of being scapegoated. I’m aware that Airbnb has negatively impacted some urban communities, but without the income from the two self-catering cottages on my family croft, I couldn’t afford to live in Wester Ross, raise my kids here, spend my money in the village stores and volunteer as a community councillor for the last 25 years. There may b
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Finance
US stocks rise, dollar slides as investors digest Democrats’ midterm victories
Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy US midterm elections – live updates After US midterms, what will lame-duck Trump mean for global economy? US stocks have surged as investors digest the Democrats’ victories in the midterm elections, lifted by hopes that Donald Trump’s turbulent policymaking would be restrained and shaking off initial fears about the impact on growth in the world’s largest economy. The Dow Jones rose close to 3%, its best day in over a year, while the tech-heavy Nasdaq and the benchmark S&P 500 gained
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Finance
After the US midterms, what will a lame duck Trump mean for the global economy?
Republicans’ crushing setback will play out in stock markets, inflation, interest rates and economic growth Donald Trump’s loss of control of the House of Representatives and the Senate has put the world economy on notice for an unpredictable final two years of his presidential term. After Democrats swept aside his Republican party in the midterm elections, analysts said the prospect of a highly erratic lame-duck president would have significant implications for financial markets, growth, inflation, government borrowing costs and living standards. Continue reading...
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Finance
Don’t let Poundland owner maximise its return at our expense, suppliers say
British companies that supply US-owned budget retailer face millions of pounds’ worth of losses if it collapses Suppliers facing millions of pounds in losses if Poundland collapses have said the chain’s US owner should not be permitted to maximise its return at their expense, as ministers attempt to intervene in the situation. The fate of the retail chain, its 12,000 staff and about 2,000 suppliers remains uncertain after it filed a notice of intention to appoint administrators at the high court last Thursday. Continue reading...
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Finance
CVS Health to split pharmacy chain from health insurance
CVS Pharmacy will be separate from CVS Health, housing major insurer Aetna and benefits manager Caremark CVS Health, the largest US healthcare conglomerate valued at $117bn, has announced its plans split off its pharmacy chain from its health insurance and benefits businesses, ending an era in which healthcare companies grew into vast conglomerates. In their announcement on Wednesday, CVS Health said they will split off its 9,000 pharmacies, in-store clinics and mail order prescription business into a business named CVS Pharmacy. Continue reading...
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Finance
‘It’s just vape shops, nail shops, charity shops’: can anything save the British high street?
It’s 20 years since Jo and Richard Hill bought anything in Rotherham town centre. Why have they and so many locals abandoned it for the nearest retail park – and what would it take to change their minds? On 22 May 1987, retail history was made in Rotherham. Parkgate Retail World, thought at the time to be the UK’s largest open-air shopping centre, welcomed shoppers for some one-stop retail therapy. The official opening was marked in swanky fashion with a “breathtaking” display from Marlboro’s red-and-white branded biplanes, followed by a “spectacular” laser show, the first in South Yorkshire.
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Finance
The worst two words in the dead of night? ‘Motorway closed’ | Adrian Chiles
You are shunted into side streets, crawling along, united with your fellow drivers in wordless despair. Last week, at 2am, my spirit broke The worst three words in the transport lexicon are often said to be “rail”, “replacement” and “bus”, in that order. But there’s worse. “Motorway closed” is worse. At least with rail replacement buses you get fair warning, on booking apps and whatnot. You can resolve to embrace the pain or, more likely, abandon the journey. Motorway closures, in the dead of night, invariably come as a nasty surprise. Waze, Google Maps, Apple Maps, etc can reliably get you fr
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Finance
UK interest rates increase expected after services sector activity accelerates
Purchasing manager’s index at eight-month high, bolstered by spending on AI as firms regain momentum lost to Iran war The Bank of England is expected to raise interest rates on Thursday after a closely watched survey showed growth across the UK’s services sector leapt last month to an eight-month high, bolstered by spending on artificial intelligence. S&P Global’s survey of the services sector in October showed businesses regained much of the momentum they lost after the start of the Iran war, but also felt the impact of a renewed spurt of input price inflation, which accelerated to a five-mon
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