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Andy Burnham has not ruled out a wealth tax, suggesting his incoming government may have “to ask for a little more” tax at some point.Burnham, who is due to become prime minister on Monday, was asked whether he was considering a wealth tax in an interview, external with former footballer and Match of the Day presenter Gary Lineker.The Labour MP said he would take time to review the state of the public finances and wanted to focus on “bringing people together” rather than creating “new divisions”.”I’m not going rule things out right now,” Burnham said. “I do believe we need…
Soccer fans gather for a watch party at China Basin Park during the World Cup semi-final match between Spain and France on July 14, 2026 in San Francisco, California. Heather Diehl | Getty ImagesWhile the FIFA World Cup provided a tourism boost to host cities, its positive impact was mitigated by economic weakness seen elsewhere, according to a Federal Reserve report released Wednesday.The soccer tournament, which the U.S. co-hosted, has fetched median admissions prices topping $900, according to TicketData. Yet the latest edition of the Fed’s Beige Book, a recap of regional conditions published eight times a year, indicated that…
Analysis-SpaceX’s slide below IPO price risks turning blockbuster IPO into confidence test Source link
“If I can set up the system so that it runs my code when the admin user logs in,” the attacker has de facto administrator privileges, Will Dormann, a senior principal vulnerability analyst at Tharros Labs, said in an interview. “I don’t need to be an admin myself.” In a post, he said that “the ability of a non-admin user to be able to modify the classes registry hive of an admin user is a pretty powerful primitive. Clever attackers or people who want to accomplish something will easily be able to figure out how to do things that are…
Employers will have to publish salary information in job adverts under government plans to rewrite anti-discrimination laws.Details of other job conditions could also have to be disclosed to candidates, under the draft proposals.Ministers argue greater transparency will help people navigate the jobs market and could prevent future pay discrimination claims.However, details of exactly what salary information will have to be shared are yet to be hammered out. Officials plan to consult on whether exact salaries will have to be displayed, or potentially a pay range or “benchmark rate” for open roles.They also plan to ask industry groups whether information beyond…
A United Airlines plane takes off from the Fort Lauderdale-Hollywood International Airport on June 9, 2026 in Fort Lauderdale, Florida. Joe Raedle | Getty ImagesUnited Airlines’ second-quarter results came in ahead of Wall Street estimates, but billions of dollars in added fuel costs continue to weigh on earnings, the carrier said Wednesday.Here is what United Airlines reported for the quarter that ended June 30 compared with what Wall Street was expecting, based on estimates compiled by LSEG:Earnings per share: $1.99 adjusted vs. $1.88 expectedRevenue: $17.67 billion vs. $17.61 billion expectedUnited forecast third-quarter adjusted earnings per share of between $2.50 and $3.50, compared with analysts’…
Exclusive-Airbus, Boeing fly parts on giant Antonov jet to ease supply snags Source link
New York Gov. Kathy Hochul and U.S. President Donald Trump.David Dee Delgado | Reuters | Saul Loeb | AFP | Getty ImagesPresident Donald Trump slammed New York Gov. Kathy Hochul on Wednesday, saying in a Truth Social post that the state should change its new data center moratorium “IMMEDIATELY” after becoming the first in the U.S. to impose a ban of its kind. “One of the biggest Driving Forces in the Future for Jobs, are Data Centers,” he wrote. “They are big, strong, bold, and Money Machines for the State in which they are built. Governor Kathy Hochul, for political…
National Economic Council Director Kevin Hassett said Wednesday he sees no argument for hiking interest rates in light of the latest data on the U.S. economy, including an “amazing” inflation report.”There’s not really an excuse for raising rates right now,” Hassett said on CNBC’s “Squawk Box.”He said that he expects the Federal Reserve will “be thinking the other way,” meaning lowering interest rates, if the data trends continue.Hassett added that the White House is expecting Fed Chair Kevin Warsh, President Donald Trump’s pick who started the job in late May, will “drive the committee to the right answer.”Hassett’s inclination toward…
Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate Banking Committee, facing questions over the the economy and how various factors might impact interest rates.Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House Financial Services Committee. During his remarks, he reaffirmed the Fed’s commitment to fighting inflation though he gave few clues about the direction of monetary policy.Legislators tried baiting Warsh into commenting on fiscal and political matters, but he largely avoided the topics, stressing the importance of the Fed staying focused on its assigned responsibilities.Read more:Warsh pledges Fed policy…