The UK economy grew by 0.4% in the second quarter, continuing a rebound with strong consumer spending and a 1.7% rise in business investment. This growth outperformed expectations and kept the UK on track for the strongest G7 growth for a second consecutive quarter. However, risks remain due to the ongoing Iran war and high energy prices, which could slow growth to 0.3% next year if disruptions persist. Economists warn the positive first half may give way to slower growth later in the year, especially as inflation pressures affect household incomes.
Since 2022, the amount of credit card debt that is 90 days overdue has almost doubled, indicating growing financial stress among borrowers. However, the rate of new delinquencies has not increased, suggesting that while existing overdue balances are ...
Nvidia's shares rose nearly 6% in premarket trading after the company reported earnings that exceeded expectations and provided strong revenue guidance. CEO Jensen Huang highlighted that AI demand has reached an inflection point, with a significant i...
WEX highlights that the rise of embedded payments, instant payment rails, and AI is transforming payments from a simple expense to a key driver of business growth and product strategy. However, faster payments increase fraud risk and reduce time for ...
VeChain (VET) has seen a notable price increase today, primarily driven by market momentum rather than any confirmed project-specific news. Traders are reacting to broader market sentiment and risk appetite, with mid-cap altcoins like VET often ampli...
ACL Construction has secured a $1.1 million contract to build a permanent access road to Old Fort, British Columbia, following a recent landslide that isolated the community. This project follows ACL's earlier emergency temporary access work and aims...
