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Stock markets in the US closed lower on Monday amid concerns the country’s central bank will push ahead with further interest rate rises. Jerome Powell, chairman of the Federal Reserve,…

Technology giant Nvidia says its sales have hit a record after more than doubling as demand for its artificial intelligence (AI) chips soars. The company says revenue jumped to above…

US economic growth picked up this spring, despite a slowdown in consumer spending. The world’s largest economy expanded at an annual rate of 2.4% in the three months to June,…

Rich households will receive twice as much support aimed at reducing the cost of living than poorer households next year, a think tank has claimed. The Resolution Foundation said if…

Amazon’s e-commerce business perked up in the three months to June, after months of lacklustre spending amidst a wider, sluggish economy. The uptick follows a push by boss Andy Jassy…

The pound has plummeted to its lowest level against the US dollar since 1985. Sterling fell 0.64% to $1.145 on Wednesday afternoon – a level not seen in 37 years….