Rolling coverage of the latest economic and financial news as European businesses grow gloomier, but US growth figures cheer investorsLatest: Americans run down savings as spending outstrips incomeEurozone confidence dipsIntroduction: Asia higher after US stocks hit new recordItaly cheered by S&P rating decisionBut Ocado falls after fire blamed on robot 2.41pm BST But when you’re already at an all-time high, any increase is a new record :)S&P 500, Nasdaq hit new all-time highs https://t.co/GELVyeeOqP pic.twitter.com/uXdLsihzdg 2.34pm BST Wall Street has opened extremely cautiously, with shares very slightly higher:US futures rally to a touch above unchanged on the open.#DOW 26554.57 +0.04%#SPX 2941.55 +0.06%#NDX 7830.46 +0.05%#VIX 13.02 +2.28% Continue reading…
Via: Wall Street hits another record high as US spending jumps – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…