Business Blog

US inflation falls to 3.3% in May in boost to markets

Traders raise likelihood of Federal Reserve interest rate cut before November’s presidential election{MBD} {IMAGE}

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Sunak aide under investigation for bet on election date

Craig Williams MP placed a £100 ‘flutter’ with Ladbrokes on July vote{MBD} {IMAGE}

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Fed officials signal just one rate cut before end of 2024

Hawkish message comes as US central bank holds rates at 23-year high and raises forecast for inflation

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Sony Pictures buys Alamo Drafthouse, becoming the first studio in 75 years to own a theater chain

Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America.

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Here's the Fed's new rate forecast that's moving the markets

The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast that called for three reductions.

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Mexican billionaire Slim takes 3% stake in BT

Latin America’s richest man is latest high-profile investor in telecoms group{MBD} {IMAGE}

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