Getty Images UK house prices ended 2024 some 4.7% higher than at the start of the year, according to the Nationwide. Property prices and housing market activity remained “remarkably resilient” despite affordability challenges facing buyers, the lender said. The average home in the UK cost £269,426 at the end of December, its figures show. Despite…
A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come. Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts when they did choose to dine outside their homes. Overall U.S. restaurant…
Russian gas has stopped flowing to EU states via Ukraine after a five-year deal expired, marking the end of a decades-long arrangement. Ukrainian President Volodymyr Zelensky said that his country would not allow Russia to “earn additional billions on our blood”. Poland’s government meanwhile said the cut-off was “another victory” against Moscow. The European Commission…
Getty Images A group of MPs says compensation is not being paid quickly enough for the victims of the Post Office scandal and is calling for the government to face financial penalties if the process doesn’t speed up. The Business and Trade Select Committee said binding timeframes were needed, with any money arising from missed…
America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024. Freehold Raceway in New Jersey, co-owned by Penn Entertainment, tried for decades to land a casino but failed. Like many tracks around the nation, it grappled with declining attendance and revenue. It had been operating for more than 170…
Check out the companies making headlines in midday trading: Intel — The struggling chip stock bounced into year-end, rising 1.2%. Intel has plunged just over 60% in 2024, making the stock poised to see its worst year on record and be the second-worst performer in the S & P 500 . Nvidia — The artificial…
There’s good news in the housing market to close out 2024: there’s a lot more supply. The bad news: a lot of that supply is stale, sitting unsold for much longer than usual. Active listings in November were 12.1% higher than they were in November 2023 and hit the highest level since 2020, according to…
A South Korean man accused of being responsible for a cryptocurrency crisis which cost investors $40bn (£31.8bn) has finally been extradited to the United States. Do Kwon was the boss of Terraform, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, sparking a wider sell-off in the crypto market….
For decades, Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, would write a New Year’s poem to reflect back on the year’s events. With Cashin’s passing earlier this month, his sons, Arthur and Peter, sent this homage to their father: Some Other Cashins’ Comments: An Homage PresentationDecember 30, 2024 by…
Women may be at risk of missing out on opportunities at work as they are less likely to go into the office than men, the boss of the world’s biggest building society has said. Speaking to BBC R4’s Today programme, Nationwide chief executive Debbie Crosbie said it was important for career growth to have a…
