• Reuters

    Euro edges down, dollar hovers around two-year high

    SINGAPORE (Reuters) -The euro edged lower against the dollar on Monday, while markets continued to digest the recent string of central bank meetings that pushed the dollar to a two-year high and set expectations for globally diverging rate cut paths in 2025. The Federal Reserve last week shocked markets by projecting a measured pace of rate cuts ahead, sending Treasury yields and the dollar surging, while casting a shadow on other economies, especially emerging markets. U.S. inflation data on Friday showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year.

  • Yahoo Finance UK

    FTSE 100 LIVE: European stocks mixed as UK growth revised down to zero

    The downward revision came as the CBI warned chancellor Rachel Reeves the UK economy is 'headed for the worst of all worlds'.

  • Associated Press

    The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection

    The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages. The Texas company has faced increasing competition from retailers like Target and Walmart at the same time that demand for its goods are under strain in a rough housing market, where soaring prices and elevated mortgage rates have stunted sales. The company said Sunday that it had filed for bankruptcy protection in Texas.