GDP growth for the April-June quarter revised to 3.8% annualized, driven by stronger consumer spending and a drop in imports; policy and labor-market dynamics remain in focus
Commerce Department raises second-quarter GDP growth from 3.3% to 3.8%, driven by a steep decline in imports and firmer consumer outlays.
Weekly initial claims drop to two-month low while hiring shows signs of slowing; Fed rate cut underscored shift in policy toward employment dynamics.
CEO Brian Niccol tightens focus on calmer cafes and a leaner footprint as the coffee giant seeks to halt a string of quarterly sales declines
Cost-saving overhaul targets underperforming locations; job cuts focus on support roles while front-line staff are spared
Seattle-based chain reduces payroll for non-retail roles and shutters locations in North America to focus resources on reviving its brand, with severance offered to affected employees.
Weak demand for 2034 gilts lifts yields across maturities as market questions Reeves' fiscal plans
Barclays offers a sub-4% two-year fixed rate for borrowers with 20% deposits; other deposit tiers see mixed pricing as lenders respond to market conditions
Over-50s travel specialist sees strong forward bookings; On The Beach flags slower demand for Summer 2026 amid Budget uncertainty