They’re both enormously wealthy, but King Charles III is going to be appointing as prime minister someone wealthier than him in Rishi Sunak. Sunak is a former Goldman Sachs GS, Read more
Tag: U.K.s
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of Read more
Pound climbs, gilt yields fall again on expectations U.K.’s Kwarteng will speed up debt-cutting plans
The British pound rose and gilt yields fell a second day after reports that U.K. Chancellor Kwasi Kwarteng will publish debt-reducing plans early, a day after a U-turn over widely Read more
Financial contagion from U.K.’s woes? Biden economic adviser says U.S. ‘in a strong place to deal with a full set of headwinds’ including from abroad
“‘The U.S. economy remains in a strong place to deal with a full set of headwinds, including those coming from abroad.’” — Jared Bernstein, member of President Joe Biden’s Council Read more
Movie-theater stocks fall, after report that U.K.’s Cineworld is preparing for bankruptcy
Shares of movie-theater operators fell in premarket trading Friday, after the Wall Street Journal reported that U.K. cinema chain Cineworld Group PLC CNWGY, -63.04% CINE, -69.24%, the parent of Regal Read more
Who will replace U.K.’s Boris Johnson? Here’s who the bookies have their money on
U.K. Prime Minister Boris Johnson is all but out the door of No. 10, though bets on his successor aren’t as sure of a thing, yet. The country’s media outlets Read more