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BOE's Lombardelli does not rule out December rate hike, she tells the Guardian

BOE's Lombardelli does not rule out December rate hike, she tells the Guardian

Nov 10 (Reuters) - Bank of England Deputy Governor Clare Lombardelli said she would not rule out the possibility of voting for a rate hike in December, but added that she did not have enough information yet, in an interview with the Guardian published on Tuesday.
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Fed's Waller plans to support at least a quarter-point rate hike in December

Fed's Waller plans to support at least a quarter-point rate hike in December

By David Milliken LONDON, Nov 10 (Reuters) - The Federal Reserve ought to raise short-term borrowing costs next month even if government data shows inflation cooled last month, Fed Governor Christopher Waller said on Tuesday, and should consider an upsized half-point rate hike if the inflation
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Stocks rise on tech gains; Nvidia falls after hours

Stocks rise on tech gains; Nvidia falls after hours

By Caroline Valetkevitch and Danilo Masoni NEW YORK/MILAN, Nov 11 (Reuters) - Major stock indexes rose on Wednesday, led by gains in technology shares after an upbeat report from CoreWeave lifted optimism about the AI trade, and the dollar strengthened.
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UK economy grows 0.7% in Q3, ONS data shows

UK economy grows 0.7% in Q3, ONS data shows

LONDON, Nov 12 (Reuters) - Britain's economy grew 0.7% in the third quarter of 2026, faster than its 0.5% growth in the second quarter of the year, official figures showed on Thursday. Economists polled by Reuters had forecast 0.7% quarter-on-quarter growth for the period.
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UK inflation to overshoot Bank of England target for next 4 years, NIESR forecasts

UK inflation to overshoot Bank of England target for next 4 years, NIESR forecasts

LONDON, Nov 11 (Reuters) - The Bank of England will not succeed in returning inflation to target before 2030, driven by second-round effects on wages caused by the Iran war, according to forecasts from a leading academic think-tank which also nudged up its outlook for growth.
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BoE's Lombardelli sees risk that persistent inflation will crystallise

BoE's Lombardelli sees risk that persistent inflation will crystallise

LONDON, Nov 10 (Reuters) - The conditions for persistent inflation in Britain are crystallising, Bank of England Deputy Governor Clare Lombardelli said on Tuesday, signalling she was likely to back another interest rate rise after last week's increase.
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UK retail spending shows modest growth ahead Black Friday, survey show

UK retail spending shows modest growth ahead Black Friday, survey show

LONDON, Nov 10 (Reuters) - British retail spending grew modestly in October despite higher petrol prices and households cutting back on some categories of spending in anticipation of Black Friday deals, according to a survey published on Tuesday.
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UK-backed AI chip startup Fractile hits $7 billion valuation in funding round

UK-backed AI chip startup Fractile hits $7 billion valuation in funding round

By Sam Tabahriti LONDON, Nov 11 (Reuters) - AI chip startup Fractile was valued at $7 billion in its latest fundraising round, which included backing from the British government, a person involved in the deal said on Wednesday, making it one of Britain's most valuable technology startups.
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Trading Day: AI cheer banishes rate hike fear

Trading Day: AI cheer banishes rate hike fear

By Jamie McGeever ORLANDO, Florida, Nov 11 (Reuters) - US stocks leaped and Europe notched a record-high close on Wednesday, spurred by an encouraging outlook on the AI trade from neocloud firm CoreWeave.
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Anthropic's $1.4 trillion IPO bid sets up high-stakes test for AI market

Anthropic's $1.4 trillion IPO bid sets up high-stakes test for AI market

Nov 10 (Reuters) - Anthropic's blockbuster IPO is set to give the company a valuation of up to $1.4 trillion, marking a defining test of investor confidence in the AI boom it helped ignite.
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US stocks stumble after a discouraging update on inflation

US stocks stumble after a discouraging update on inflation

U.S. stocks are falling after a report showed inflation was worse across the country last month than economists expected
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As higher prices seep into broader economy, Fed officials consider faster hikes

As higher prices seep into broader economy, Fed officials consider faster hikes

More evidence this week of hot inflation in the U.S. was unpleasant news for the Federal Reserve, not to mention consumers: Rising prices may be spreading beyond the one-time shocks from tariffs and high gas prices into the wider economy, meaning that mortgages, credit cards and other forms of borrowing are likely to become increasingly expensive