British pound plummets to record low against the dollar
CNN
The British pound fell to a new record low against the US dollar of $1.035 on Monday, plummeting more than 4%.
The slide came as trading opened in Asia and Australia on Monday, extending a 2.6% dive from Friday — and spurring predictions the pound could plunge to parity with the US dollar in the coming months.
The unprecedented currency slump follows British Chancellor of the Exchequer Kwasi Kwarteng's announcement on Friday that the United Kingdom would impose the biggest tax cuts in 50 years at the same time as boosting spending.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Tesla CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant’s loss-making contract manufacturing business.
Sweeping changes are coming to the world’s most powerful central bank, President Donald Trump and his top advisers have said — and they’re already starting to make good on that promise.
The United States and the European Union avoided the worst-case scenario: a damaging, all-out trade war between allies that threatened to raise prices on a large number of goods and slow two of the world’s largest economies. The framework delivered a sense of relief for both sides – but few are cheering the arrangement itself.
For months, protesters have gathered outside Tesla showrooms in response to Elon Musk’s role in reducing US government spending as part of the Department of Government Efficiency.
Disney’s “The Fantastic Four: First Steps” stormed the domestic box office, topping superhero competitor “Superman” to finish No. 1 with $118 million.
President Donald Trump began talks Sunday in Turnberry, Scotland, with European Commission President Ursula von der Leyen, as Friday’s deadline looms to reach a trade deal to avoid the 30% tariffs on European imports.
The state of President Donald Trump’s economy is about to come into full view.
President Donald Trump took off for Scotland on Friday for his latest presidential trip mixing business and golf.
In recent months, animal rescues and shelters across the country are reporting sharp increases in animals being surrendered, with several of those organizations telling CNN that financial hardship was at the root of those owners’ decisions.
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.
For the third time in as many months, US and Chinese officials will meet in Europe for trade talks — and this time, Beijing is arriving at the negotiating table more emboldened than ever.
Roughly 72,000 images, including 13,000 user selfies submitted for account verification prior to February 2024, were accessed in the breach.
When clients used to ask John Crawford if he thought cottage cheese could make a comeback, his answer was an emphatic: “No.”