Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report.

The UK chancellor, John Healey, is set to deliver an upbeat assessment of the economy in a speech ahead of the October Budget, emphasizing resilience and opportunities for growth. However, the speech will also address pressing challenges such as job cuts at Jaguar Land Rover due to competition from Chinese manufacturers and rising borrowing costs. Healey will announce a £150m fund to support innovative firms in northern England, aiming to stimulate economic growth. Critics, including Conservative and Liberal Democrat leaders, have questioned the adequacy of the measures, arguing they fail to address broader concerns about public finances, inflationary pressures from the Iran war, and the impact of high borrowing costs on households. The chancellor's focus on optimism contrasts with previous warnings from Labour leaders about the need for fiscal discipline. While the government highlights the potential of new technologies and regional development, analysts caution that achieving growth across all regions will be difficult. The speech comes amid rising UK borrowing costs, with the Treasury facing pressure to balance the budget while funding increased defence spending.

WASHINGTON - The U.S. Senate is set to begin a marathon voting session on President Donald Trump's sweeping domestic policy legislation, dubbed the "One Big, Beautiful Bill," amidst growing concerns o

Investing.com -- S&P Global downgraded Senegal’s sovereign credit rating to B- on Monday and placed it on a negative outlook, signaling potential further downgrades due to concerns about the country’s rising debt levels. The rating agency revised its estimate of Senegal’s debt-to-GDP ratio for last year to 118%, up from its previous forecast of 104%, following an audit that prompted the country to increase its reported debt figures. S&P explained that the negative outlook reflects worries that the higher debt figure, combined with larger-than-expected financing needs this year and substantial debt payments due next year, will "intensify funding pressures on the government." The rating agency also noted that Senegal’s external financing requirements are significantly higher than previously estimated, which could complicate the country’s negotiations for a new program with the International Monetary Fund. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Markets try to find their footing after House passes massive Trump bill despite debt concerns  NBC News

© Reuters. FILE PHOTO: A screen shows trading indexes at the New York Stock Exchange (NYSE) in New York City, U.S., May 19, 2025. REUTERS/Jeenah Moon/File Photo US500 0.06% DJI -0.02% GOOGL 3.81% NVDA 0.90% HASE 2.77% ADI 0.36% UNH 0.50% FSLR -3.72% IXIC 0.48% US10YT=X 0.17% SNOW 10.35% COIN 3.19% The Dow Jones Industrial Average fell 96.8 points, or 0.23%, at the open to 41763.68. The S&P 500 fell 3.3 points, or 0.06%, at the open to 5841.26​, while the Nasdaq Composite rose 15.4 points, or 0.08%, to 18888.048 at the opening bell. 0 Latest comments Jim Morrison TheNumberIsOn WhatsApp 1D 1W 1M 6M 1Y 5Y Max US 30 41,820.00 -40.0 -0.10% US 500 5,844.20 -0.4 -0.01% Dow Jones 41,813.22 -47.22 -0.11% S&P 500 5,839.83 -4.72 -0.08% Nasdaq 18,956.78 +84.14 +0.45% S&P 500 VIX 20.99 +0.11 +0.53% Dollar Index 99.765 +0.330 +0.33% Most Popular Articles News Analysis Bitcoin price today: hits record high above $111k on regulatory cheer, ETF inflows By Investing.co... May 22, 2025 Economic resilience despite tariff headwinds a "calm before the storm" - Citi By Investing.co... May 22, 2025 JPMorgan CEO flags risk of "stagflation" facing U.S. economy By Investing.co... May 22, 2025 Futures muted, Trump tax bill in focus, flash PMIs ahead - what’s moving markets By Investing.co... May 22, 2025 This AI-powered stock picker is now up 100%+ since going live By Investing.co... May 21, 2025 More News Market Movers Name Last Chg. % Vol. NVDA 132.92 +0.85% 29.54M TSLA 337.61 +0.89% 16.18M PLTR 122.99 +2.00% 12.43M GOOGL 174.82 +3.71% 10.68M AAPL 200.69 -0.69% 7.89M UNH 305.26 +0.75% 6.89M MSTR 414.18 +2.85% 4.17M Trending Stocks Name Last Chg. % Vol. NVDA 132.92 +0.85% 29.54M TSLA 337.61 +0.89% 16.18M UNH 305.26 +0.75% 6.89M GOOGL 174.82 +3.71% 10.68M MSTR 416.10 +3.33% 4.22M Show more Install Our AppScan QR code to install app Google Play App Store Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

US stock futures muted as Trump's tax bill stokes debt concerns  Reuters

Investing.com - European equity indices fell Thursday, following on from the sharp selloff on Wall Street as concerns grow over the U.S.′s deepening budget deficit. At 03:05 ET (07:05 GMT), the DAX index in Germany dropped 0.4%, the CAC 40 in France slipped 0.4% and the FTSE 100 in the U.K. fell 0.3%. Wall Street selloff weighs European equities have followed their American counterparts lower Thursday amid concerns that a new U.S. budget bill would add to the country’s already large deficit, the prime reason for Moody’s cut of its top-tier credit rating late last week, citing the nation’s growing debt. The House of Representatives is set to shortly vote on a sweeping tax-cut and spending bill, after a Republican-controlled house committee approved the bill. The bill would extend Trump’s signature 2017 tax cuts, adding $3.8 trillion to the $36.2 trillion U.S. debt over the next decade, according to the nonpartisan Congressional Budget Office. JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon said that he can’t rule out that the U.S. economy will fall into stagflation as the country faces huge risks from geopolitics, deficits and price pressures, Bloomberg News reported on Thursday. Peace in Ukraine seems far away Also weighing on sentiment was the diminishing chance of peace talks ending the war between Ukraine and Russia anytime soon. President Donald Trump told European leaders in a private call on Monday that Russian President Vladimir Putin does not believe the war in Ukraine should end because he thinks he is winning, the Wall Street Journal reported on Wednesday. The comment, which reportedly came during a conference call that included Ukrainian President Volodymyr Zelensky, as well as a number of European leaders, marked a notable shift from Trump’s past public statements, where he suggested Putin was open to peace. Eurozone PMI data in spotlight The highlight of the economic data slate Thursday will be manufacturing and services sector surveys for May, and forecasts indicate that business activity in the eurozone and Germany has broadly been steady from the previous month. These numbers will be a test on how businesses have been faring in the face of an uncertain trade environment. EasyJet reports another loss The European earnings season is slowing down, and the region’s corporate health has been better than initially feared given China, a top customer for European firms, is striving to revive consumption. EasyJet (LON:EZJ) reported a headline pretax loss of £394 million for the six months ending March 31, reflecting a modest year-on-year improvement, adjusting for the late Easter. BT Group’s (LON:BT) full-year free cash flow rose 25% to £1.6 billion, supporting an increased dividend, despite declining revenue and handset sales at the U.K. telecom giant. Italian insurer Assicurazioni Generali (BIT:GASI) reported an 8.9% increase in operating profit in the first quarter of 2025, driven by a substantial rise in its property and casualty segment. Swiss food giant Nestle (NSE:NEST) is refocusing on the group’s core business after straying into segments like health supplements that "weakened the fabric of the organisation," CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday. Crude drops after U.S. inventories build Oil prices fell Thursday as traders digested a surprise build in U.S. crude stockpiles, as well as uncertainty ahead of renewed U.S.-Iran nuclear negotiations and talk of an Israeli strike on Iran’s nuclear sites. At 03:05 ET, Brent futures dropped 1.7% to $63.78 a barrel, and U.S. West Texas Intermediate crude futures fell 1.7% to $60.51 a barrel. The Energy Information Administration reported late Wednesday a 1.3 million-barrel rise in U.S. crude oil inventories, defying expectations of a 1.3 million-barrel drawdown and raising concerns about demand from the world’s largest oil consumer. Both benchmarks retreated on Wednesday after reports that nuclear talks between Iran and the United States will take place on Friday in Rome. Prices had jumped earlier on Wednesday following a CNN report that U.S. intelligence suggests Israel is preparing to strike Iranian nuclear facilities.