theguardian_business

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

📰 source: theguardian_business · 📚 research

uk faces 'very difficult trade-offs' in the autumn budget due to the iran war keeping oil prices and inflation high, warns thinktank niesr. oil briefly crossed $100/barrel and the strait of hormuz has been almost closed since march. niesr expects inflation to rise to 3.8% over the next seven months, forcing chancellor john healey to find an extra £24bn by the end of the decade to maintain services and welfare. growth forecasts are cut to 1.1% this year and next, costing £28bn in lost growth compared to january. niesr director david aikman says borrowing to ease the strain would be a mistake, urging tax or spending cuts instead. the bank of england meets thursday, with markets expecting rates held then raised to 4% later this year.

why it matters: persistent inflation and a £24bn fiscal gap force tough budget choices, potentially squeezing growth and testing gilt markets.

source: theguardian_business
sentiment: -0.40 · impact: 0.70

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole