Author: Perry

The Federal Reserve chair “stress[ed] that the path of policy will depend entirely on incoming economic information and what that means for the outlook.” Source link

Crypto mining stocks plunged as investors digested the Fed’s May meeting minutes, which hinted at rising uncertainty and a tougher balancing act between inflation and economic growth. While the central bank held rates steady at 4.25% to 4.50%, concerns over persistent inflation and a softening jobs outlook rattled risk assets. Riot Platforms slid over 8%, CleanSpark dropped 7.6%, and Marathon Digital fell nearly 10% — even as Bitcoin’s prices remained largely unmoved. Coinbase, Strategy extend losses The sell-off wasn’t limited to miners. Shares of Coinbase fell 4.55%, dragged down by broader risk-off sentiment and sensitivity to shifting Fed expectations. Strategy…

Housing secretary Angela Rayner wants smaller housebuilders to pick up more of the slack when it comes to building homes. Speaking at a visit to an Oxfordshire site in Didcot, the deputy prime minister said housebuilders who engage in land banking could be hit with a “delayed homes penalty”, or blocked from gaining future planning permission by councils. She said: “Smaller house builders must be the bedrock of our Plan for Change to build 1.5 million homes and fix the housing crisis we’ve inherited – and get working people on the housing ladder. “For decades the status quo has failed…

29 May, 2025 10 min read Share Copy Link Copied With Making Tax Digital for Income Tax starting in April 2026 for many sole traders and landlords, accountants and bookkeepers need to be more than aware of the new legislation. You need to be ready for it to support your clients in the best possible way and help your practice thrive. Some accountants are already testing and segmenting their clients, and reshaping how they deliver services. The real question now isn’t when MTD for Income Tax will impact your practice, but how well prepared you’ll be when it does. At…

Key data such as housing starts, mortgage applications and average price suggest the US housing market is in recession. Since the downturn coincides with the beginning of the Fed’s rate hike cycle in March, investors might expect the policy to pivot – but the central bank is firmly focused on another key indicator. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights source

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More The whale has returned. After rocking the global AI and business community early this year with the January 20 initial release of its hit open source reasoning AI model R1, the Chinese startup DeepSeek — a spinoff of formerly only locally well-known Hong Kong quantitative analysis firm High-Flyer Capital Management — has released DeepSeek-R1-0528, a significant update that brings DeepSeek’s free and open model near parity in reasoning capabilities with proprietary paid models such as OpenAI’s o3 and Google Gemini 2.5…

Boeing’s reputation for reliability in recent years has been earned not by the performance of its products, but by its ability to generate unwelcome news. So the first few months of 2025 have come as something of a relief. The American aerospace giant has mostly been the bearer of good tidings in the shape of growing orders for planes, legal woes set aside and military contracts won. After a long period of largely self-inflicted trouble, there are signs the clouds may be parting. Source link

Cosmetics maker announces an agreement to acquire Rhode, a beauty and skincare brand founded by influencer, entrepreneur and model Hailey Bieber, for $1 billion. Source link

By Trevor Abrahmsohn, Glentree International When I started Glentree in 1976, estate agents were a crusty old lot, populated by the quintessential ‘Group Captain Windbag’ with the customary handlebar moustache, fob watch and a ‘plum in the mouth’ accent. Their skills were more adept at propping up the bar with a G&T (or five) in a gentleman’s club than they were at making a serious attempt to sell any homes for clients. Blowing off the dust Invariably, the agent’s logo was black and white and when you were forced to go into their ‘Dickensian offices’ for a meeting, you were…

28 May, 2025 10 min read Share Copy Link Copied Unpaid invoices create problems for any small company, squeezing cash flow. So how can you prevent this situation and allow your business to breathe? The first step is to calculate your Accounts Receivable Turnover Ratio (ARTR), which can also boost the long-term financial health of your business.  The accounts receivable turnover ratio measures how efficiently you are collecting payments (receivables) owed by your customers. Simply put, it shows how frequently you collect the average amount owed (accounts receivable) during a specific period. This ratio helps you see how quickly your…