On Wednesday the chancellor, Rachel Reeves, set out the Labour government’s debut budget in parliament. She told the House of Commons that Labour would “rebuild Britain”, promising more money for the NHS, schools and public transport. “In 1945 it was the Labour party that rebuilt our country from the rubble of the second world war.…
A judge ordered all parties, including Elon Musk, to attend a court hearing in Philadelphia on Thursday in a lawsuit seeking to stop a political action committee controlled by the billionaire from awarding $1m to registered US voters in battleground states before the 5 November election. The Philadelphia district attorney’s office filed the lawsuit on…
Microsoft reported better-than-expected earnings on Wednesday fueled by growth in its Azure cloud business, as five of the “Magnificent Seven” tech megacaps roll out quarterly earnings this week. “AI-driven transformation is changing work, work artifacts, and workflow across every role, function, and business process,” the company’s CEO, Satya Nadella, said in a press release. On…
Starbucks offers oat milk as a dairy-free option. Source: Starbucks Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from customers to eliminate the extra fee, especially as milk alternatives…
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs. 25…
Brian Niccol speaking on CNBC’s Squawk Box on Oct. 30th, 2018. Anjali Sundaram | CNBC Starbucks on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as sales in the U.S. and China, its two biggest markets, disappointed. The company previously released a preliminary report of its quarterly results on Oct. 22 and announced…
Packages containing syringes of the medications Wegovy, Ozempic and Mounjaro at a shop in Mitte, Germany, July 11, 2024. Picture Alliance | Picture Alliance | Getty Images All doses of Novo Nordisk‘s highly popular weight loss injection Wegovy and diabetes drug Ozempic are now available in the U.S., according to an update on the U.S.…
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to…
Rachel Reeves’s budget is expected to raise £40bn through a number of tax changes including employers’ contribution to national insurance and capital gains. The chancellor also announced she would not extend the Conservatives’ freeze on income tax, and brought an end to the non-dom regime. She said she was ‘deeply proud to be Britain’s first…
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called “pending” sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on…
