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  • Sep 05, 2024

Dollar, Stocks Face Pressure Ahead of US Jobs Data: Markets Wrap

(Bloomberg) -- US stocks and an index of the dollar fell ahead of jobs data due Friday that will help determine the size of a Federal Reserve rate cut this month.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisWorld's Second-Tallest Tower Tests Malaysia's Appetite for More SkyscrapersIn Asia, equity futures for Japan

  • Sep 05, 2024

Britain needs extra $1.3 trillion investment for economic growth, report says

Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday. New British Prime Minister Keir Starmer said he wanted the economy to achieve annual growth of 2.5% when campaigning in the run-up to July 4's election - a rate that Britain has not regularly reached since before the 2008 financial crisis. An annual growth rate of 3% would require extra investment of 100 billion pounds a year in the next 10 years, particularly in energy, housing and venture capital, according to the report from UK financial services lobby group Capital Markets Industry Taskforce.

  • Sep 05, 2024

Andretti Returns to SPAC Arena as Blank-Check Market Heats Up

(Bloomberg) -- Former IndyCar driver Michael Andretti is back with another blank-check firm as the US market for a once-hot investing trend shows new momentum with mostly seasoned backers attracting billions in cash.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisWorld's Second-Tallest Tower Tests Malaysia's Appetite

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