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The Latest Breaking News from Michael Pearce

A Rare Holiday Spending Boom Is Coming—But Only For The Wealthy

This year's holiday season may deliver the strongest sales growth in four years, but it won't be a broad recovery—wealthy households are expected to drive nearly all of the gains.

Benzinga

If you can't work out why you're struggling when the economy is doing OK, it's because you're on the losing side

Oxford Economics finds that tariffs, labor dynamics, and policy shifts have hit younger and lower-income households hardest.

Fortune

Markets got what they wanted from Powell with a Fed rate cut and they're still not happy

Jerome Powell delivered a 25bps rate cut, but Wall Street’s muted reaction reflects concern it was a risk move on jobs, not confidence.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster

July inflation data suggests the FOMC’s dual mandate may not be in as much of a pickle as economists previously feared.

Fortune

‘Exorbitant privilege’: Can the US dollar maintain its global dominance?

Despite global shifts, analysts agree the US dollar’s reserve currency status is unlikely to be replaced for decades.

Al Jazeera

US Inflation Edges Up As Trump Renews Criticism Of Fed Chief

The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering another tirade by President Donald Trump against the central bank chair for not cutting interest rates sooner.

International Business Times

Stock Market Today: Stocks Swing as Trump Scraps Canada Trade Talks

Despite a mid-afternoon slip, the S&P 500 and Nasdaq ended the day at new record highs.

Kiplinger

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US Fed's Preferred Inflation Gauge Picks Up As Tariff Effects Loom

The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed Friday, with policymakers monitoring the effects of President Donald Trump's tariffs in the coming months.

International Business Times

Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market

“If you’re starting to worry about the downside risk to the labor market, move now, don’t wait,” Waller told CNBC.

Fortune

TV tonight: the Sussex Squad’s finances go under the microscope in Meghan & Harry - Where Did the Money Go?

An investigation into the financial affairs of Harry Windsor and Meghan Markle. Plus, a shameful and seldom-told story from the aftermath of the second world war. Here’s what to watch tonight

The Guardian - UK

Apple TV Plus adds the thriller I've been waiting for — and it has possibly the nastiest villain of the year

Echo Valley has just landed on Apple TV Plus

WhatToWatch

‘I’m not The Rock, right?’ Julianne Moore on action movies, appropriate parenting and twinning with Tilda Swinton

Ahead of her new film – in which she fights, dives and wrangles horses – the Oscar-winning actor discusses sunburn, age-gaps and hanging from helicopters

The Guardian - UK

Julianne Moore on shooting thriller Echo Valley: 'Stunts left bruises but dancing left emotional scars'

The Oscar winner hit the red carpet at BFI Southbank for the European premiere of her new thriller alongside co-stars Sydney Sweeney, Domhnall Gleeson and Fiona Shaw

Evening Standard

5 new Apple TV+ movies and shows you should stream in June 2025

Here are the new Apple TV+ movies and shows I'm adding to my watchlist in June.

TechRadar

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International Business Times

US Retail Sales Little Changed, Signs Of Pullback After Pre-tariff Rush

Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs.

Tom’s Guide

Apple TV Plus drops nerve-shredding trailer for new thriller movie starring Sydney Sweeney and Julianne Moore — watch it here

Apple TV Plus just dropped the trailer for Michael Pearce's "Echo Valley," a dark family thriller starring Julianne Moore, Sydney Sweeney and Domhnall Gleeson.

Autosport

Windley tops new 750MC winners with 750 Formula glory at Brands Hatch

Relentless sunshine, a blustery headwind on the Brabham Straight and countless dramas on Brands Hatch’s Indy Circuit characterised a 750 Motor Club season-opener that Mark Windley, Ross Boorman, Neil Dudman and Tom Holland will remember as first-time winners.

International Business Times

Trump Tariffs To Test Resiliency Of US Consumers

In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns.

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The Independent UK

The Latest: Business leaders warn Trump tariffs will raise prices for US consumers

President Donald Trump has announced plans for sweeping tariffs

International Business Times

US Fed Likely To Keep Rates Steady As Trump Uncertainty Flares

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

International Business Times

US Economy's Solid Growth Unlikely To Register At Ballot Box

The US economy is set to report another quarter of solid growth Wednesday, less than a week before the presidential election, but analysts say it remains unclear if positive data can sway inflation-weary voters.

The Independent UK

Wealthier Americans are driving retail spending and powering US economy

It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace

International Business Times

US Retail Sales Pick Up Pace In September

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches.

International Business Times

US Consumer Inflation Eases To 2.4% In September

US consumer inflation cooled slightly less than expected last month, according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.

The Guardian - US

US dock workers ended strike – but dispute is not over yet

The interim agreement expires in January, and a further strike would again hurt America’s fragile supply chain

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