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Former defence minister Al Carns has said a major economics speech due to be given by Andy Burnham will help him decide whether to challenge the Labour leadership favourite. The Labour MP for Birmingham Selly Oak said he hoped to hear “really clear and concise outcomes” for where Burnham sees the country over the next decade. “We need to see a vision, we need to see the plan because unfortunately a vision without a plan is a dream,” he said. “What I would like to see is where do we want to be by 2029 and where do we want…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s heatwave last week sparked feverish debate over air conditioning — or the lack of it. And with creaking electricity grids and strained consumers, is cool air even affordable? The answer is yes.It’s not hard to see why there is doubt over energy systems’ ability to cope with extra demand. As temperatures soared across the continent, so did power prices. Britain’s electricity infrastructure groaned: the grid operator called for extra supplies and paid for them through the nose.But anxiety on this front…
Starbucks Iced Vanilla Protein Matcha Latte.StarbucksBeverage brands are cashing in on the growing demand for functional drinks among younger, health-conscious consumers by introducing increasingly innovative offerings, including protein-boosted coffees and CBD-infused sodas. The $160 billion global functional drinks market has become an increasingly lucrative category, encompassing multipurpose drinks that claim to promise taste and enjoyment alongside wellness benefits, as consumers look for convenient ways to meet their health targets. “Functional beverages are beverages that are going to provide an outcome,” Sally Lyons Wyatt, global executive vice president and chief advisor of consumer goods and food services at consumer insights firm…
There’s a new high-yield checking account worth adding to your radar. Alliant Credit Union recently launched its Jumbo High-Rate Checking Account, which pays up to 2.00% APY on your everyday cash with no cap on earnings and zero monthly fees.If you’re already an Alliant member, or have been thinking about joining, the account offers a way to earn competitive rates on both your checking and savings without spreading your money across multiple institutions. Every jumbo checking account is automatically paired with an Alliant High-Rate Savings Account, giving you both in one place.That said, qualifying for the top 2.00% APY requires…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Berkshire CEO Greg Abel sworn in as U.S. citizen at baseball gameBerkshire Hathaway CEO Greg Abel is now a citizen of the United States.Abel, a longtime Iowa resident who was born in the Canadian city of Edmonton in 1962, was among the roughly two dozen people from 16 countries who participated in an annual naturalization ceremony hosted by the Iowa Cubs Thursday night in Des Moines, before the AAA minor league…
Federal Reserve Chair Kevin Warsh looks on during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. Chip Somodevilla | Getty ImagesIt could have been a big week for bond bears, if it weren’t for crude oil.US GDP came in above expectations and the Fed’s preferred inflation gauge printed the highest reading since October 2023. Yet U.S. Treasuries held firm as the 10-year yield fell to under 4.4% and the iShares long term bond ETF (TLT) added two-thirds of a percent, extending a 5% gain since its low last month.One…
Bank of America this week named a slew of stocks it believes are well positioned for times of market uncertainty. The investment bank said stocks like Williams-Sonoma can go higher and have myriad of positive catalysts ahead. Other stocks Bank of America rates as buy include Jabil , Kroger, Celsius Holdings and Victoria’s Secret. Kroger Kroger shares are off more than 7% in 2026, but analyst Robert Ohmes is standing by the grocery chain. He said he sees growth accelerating and is bullish on the company’s foray into e-commerce. “KR should also benefit from its store locations & format, improving…
The former neighbour, who did not wish to be named, said: “When we moved here, I think Andy would be maybe 16 or 17, so he was almost going away to university.”The three boys played football in the garden, a lot, and their footballs came over into our garden, so we saw and heard them quite a lot.”Her husband recalled how even in his teenage years Burnham was a good communicator and “remembered people”.”We only really met him just before he went to university and he was obviously very good then, so he’d learned those skills quite early on,” he…
The market is coming off a particularly volatile week, and a slate of names that have experienced sharp declines could be poised for a rebound. The S & P 500 posted a nearly 2% decline on the week, while the Nasdaq Composite shed 4.6 % during the same period. A sharp sell-off in the tech sector, particularly in semiconductor names, contributed to the indexes’ losses. The Dow Jones Industrial Average closed out the week in the green, up 0.6%. Some stocks suffered keenly during the week, falling into oversold territory. CNBC Pro used its stock screener tool to pinpoint those…
Pinterest has taken a fall over the past few years, one analyst thinks shares are due for a major move higher. TD Cowen called Pinterest its “best Smidcap Idea for 2026” in a note to clients on Monday. Analyst John Blackledge gave the social media platform a price target of $38, implying a massive 83% upside, and the highest price target compared to other firms tracking the stock, based on LSEG data. PINS YTD line Pinterest is down 25% this year “Going forward, we expect Pinterest to be a share gainer in the global digital ad market, helped by favorable…