Andy Burnham’s early priorities point to a broad attempt to revive growth, shift power away from Westminster and ease pressure on households, but the constraints on public finances and time are severe.
Import prices climbed in June even as energy costs eased, with goods from China posting their biggest monthly increase since January 2008.
Netflix beat earnings expectations only slightly, but investors focused on a weaker forecast and the company’s decision to publish fewer engagement updates.
UnitedHealth beat Wall Street expectations in the second quarter and raised its full-year profit forecast, citing better management of medical costs and operational gains from artificial intelligence.
Green leader Zack Polanski said reports that Shabana Mahmood could become chancellor under Andy Burnham pointed to a Labour leadership that would avoid confronting bankers or taxing wealth.
Warren Buffett warned that speculation is crowding out long-term investing, saying genuine bargains are increasingly difficult to find.
ASML raised its full-year sales forecast for a second time this year after reporting better-than-expected quarterly results, but its shares still ended lower as investors weighed the durability of the AI spending boom.
China’s overseas shipments surged in June, with monthly car exports crossing 1 million for the first time and broader trade strength keeping the country on pace for another huge surplus.
Energy prices climbed sharply and UK borrowing costs rose as renewed conflict in the Middle East pushed investors to reassess inflation and interest-rate risks.
easyJet’s board has backed a possible all-cash bid from Apollo, setting up a takeover battle after earlier support for a lower offer from Castlelake.