Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is the latest part of the FT’s Financial Literacy and Inclusion CampaignThe UK’s failures in teaching financial education will be the focus of an investigation by MPs, as they increase pressure on the government to strengthen provision in schools. Robin Walker, chair of the House of Commons education select committee, said on Wednesday that MPs would explore how financial education could be better incorporated in the national curriculum. He said much of the current teaching on the subject was not…

© Reuters. FILE PHOTO: The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File Photo (Reuters) -The United Auto Workers (UAW) union on Wednesday said about 3,900 members representing Volvo (OTC:) Group-owned Mack Trucks ratified a new five-year contract in the U.S., ending a 39-day long strike following the rejection of an earlier deal. The UAW and Mack Trucks had reached a tentative deal in October that included a 19% pay raise, but union workers overwhelmingly rejected it and went on a strike. The deal had also included a $3,500 ratification…

NEW YORK – Lockheed Martin Corp. (NYSE:) saw a modest increase in its stock price on Wednesday, rising by 0.21% to close at $445.14. The uptick occurred during a session where broader market indices also experienced growth, with the S&P 500 Index (SPX) and (DJIA) climbing 0.16% and 0.47%, respectively. Despite the positive momentum, Lockheed Martin’s shares are still trailing their 52-week high by $62.96, a peak reached on April 18th. The defense contractor’s stock movement was part of a mixed day for industry competitors; RTX Corp.’s (NYSE:RTX) stocks dipped by 0.07%, while Boeing Co . (NYSE:NYSE:) enjoyed a rise…

Northrop Grumman declares $1.87 dividend

EXCLUSIVE: Republican presidential candidate and Florida Gov. Ron DeSantis rubbed salt on the wound Wednesday by trolling his opponent, former U.N. Ambassador Nikki Haley, over her heavily scrutinized vow to require all social media users be verified.DeSantis’ campaign announced new merchandise mocking Haley’s comments, including a t-shirt with the phrase, “Always Watching,” and a quote from Haley saying that “every person on social media should be verified by their name.”Another item is a dystopian-themed “Official Internet Identification Card” fashioned after something that might be required by a science-fiction authoritarian regime.CRITICS RIP NIKKI HALEY OVER VOW TO REQUIRE ALL SOCIA MEDIA…

Treasury yields, Fedgetty Inflation numbers and treasury yields, it’s a relationship like no other. Are they married to one another? Are they just friends? Who knows? Whatever the case, it’s a fact that the yield on the 10-Year Treasury Note is already back to the level it showed just late last week. When the consumer price index Tuesday morning came in with “less-than-expected” figures, indicating a possible slight shrinkage of inflation, Treasuries found buyers on the expectation that the Fed would now be done with rate rising and perhaps on the verge of rate cutting. Stock buyers displayed exuberance, the…

Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.The British government has increased the subsidies available to offshore wind developers by up to two-thirds in an effort to revive new projects in a sector that is struggling with surging costs. The maximum price available in next year’s auction for state contracts to build offshore wind farms will be 66 per cent higher than in the 2023 bidding round, the government said on Thursday.The decision to raise the price came after developers shunned the last auction, arguing that the subsidies on offer…

© Reuters. A worker walks past a construction site near residential buildings in Beijing, China April 14, 2022. Picture taken April 14, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) -China’s new home prices fell for the fourth month in October, official data showed on Thursday, as government support measures did little to lift the gloom hanging over the country’s consumers and its debt-laden property sector. New home prices fell 0.3% month-on-month after a 0.2% dip in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Compared with a year earlier, prices were down 0.1%, matching a decline…

© Reuters. NEW YORK – Visa Inc (NYSE:). experienced a second consecutive day of gains on Wednesday, as the company’s stock climbed 0.47% to close at $248.11. This upswing comes despite the stock being just shy of its annual peak of $250.06, which was recorded on September 13th. The broader market also reflected a positive mood, with both the S&P 500 and the closing higher, by 0.16% and 0.47%, respectively. Visa’s performance, however, was not entirely in line with its peers in the financial sector. While JPMorgan Chase (NYSE:) & Co. and Bank of America Corp (NYSE:) enjoyed increases in…

© Reuters. Investing.com– Oil prices extended losses into Asian trade on Thursday after a bigger-than-expected weekly build in U.S. crude stockpiles, while signs of easing demand in China also weighed. Crude prices had fallen about 1.5% in the prior session, cutting short a brief recovery as data pointed to increased U.S. inventories and production. This was exacerbated by data which showed that Chinese refiners processed lower amounts of oil in October than the prior month. Other readings still pointed to some economic strength in the world’s largest oil importer, as grew more than expected. Still, Wednesday’s losses saw oil prices…