Liz Truss

Former Treasury Secretary Larry Summers is sounding the alarm on America's fiscal trajectory, placing the blame squarely on President Donald Trump and the GOP’s “One Big, Beautiful Bill.” What Happened: During his appearance on the Politics War Room podcast on Thursday, Summers...

Former Treasury Secretary Larry Summers issued a stark warning to President Donald Trump, urging the latter to retreat on the taxes, as he did with the tariffs. What Happened: On Wednesday, in a post on X, Summers said the “country risk trade is back,” citing simultaneous selloffs in U....

In a recent development, Liz Truss, the former British Prime Minister, has publicly endorsed Donald Trump for the U.S. presidency. Truss, known for her brief stint as the prime minister, criticized the current U.S. President, Joe Biden, for his lack of support towards the United Kingdom. What...

President Vladimir Putin, who earlier threatened to use nuclear weapons to protect Russia’s territory, in October, reportedly denied having any intentions of using such devices in the Ukraine war.  What Happened: Putin, speaking at a conference of international foreign...

Rishi Sunak will take over as the U.K.’s youngest and wealthiest prime minister in modern history on Monday after other contenders pulled out of the race to lead the Conservative Party. After former Prime Minister Boris Johnson withdrew his candidature abruptly, Penny Mordaunt was left as the...

Former chancellor Rishi Sunak has been selected to succeed Liz Truss as the U.K.'s newest prime minister. What To Know: Sunak will take over control of the world’s sixth-largest economy, replacing Truss, the country's shortest-serving leader of all time,...

After only 45 days in office, British Prime Minister Liz Truss resigned her position on Thursday, bringing even more chaos to the ongoing political crisis facing the UK. Her tenure was marked by political and economic turmoil as most of her propositions —encapsulated in a mini-budget marked...

Liz Truss, who succeeded Boris Johnson as the U.K.'s prime minister on Sept. 5, resigned Thursday after 44 days in office. That's 4.1 Scaramuccis. Recall how Anthony Scaramucci, the renowned Wall Street financier, lasted just 10 days as White House communications director under the Trump...

UK Prime Minister Liz Truss sacked the Treasury Chief Kwasi Kwarteng Friday in an effort to calm the markets in the wake of the U.K.’s contentious mini-budget. “It is clear that parts of our mini-budget went further and faster than markets were expecting,” Truss said in...

The United Kingdom Prime Minister Liz Truss has dropped a plan to reduce taxes for the highest earners, giving some much-needed respite for the battered pound. The move comes just 10 days after the plan was announced, in the wake of a rebellion from members of Parliament in her own Conservative...

The S&P 500 closed out a brutal third quarter on a low note this week, hitting new 52-week lows. On Friday, the Bureau of Economic Analysis reported the personal consumption expenditures (PCE) price index gained 6.2% year-over-year in the month of August, down from a 6.3% PCE inflation in July...

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded slightly higher on Friday morning after the Bureau of Economic Analysis reported a 6.2% increase in the personal consumption expenditures (PCE) price index in the month of August, remaining near the highest levels since the 1980s. What Happened...

The iShares MSCI United Kingdom ETF (NYSE: EWU) plummeted 5.3% on Friday after investors were not impressed by an aggressive series of tax cuts unveiled by the new U.K. government. What Happened? On Friday, new U.K. Prime Minister Liz Truss announced a bold new stimulus program that includes tax...

The official lying-in-state period for Queen Elizabeth II will end today at 6.30 a.m. (local time) at London's historic Westminster Hall. An unprecedented number of people queued in the past four days to pay their last respects to Britain's longest-reigning monarch.  After...

Condolences and tributes from across the globe poured in after the longest reigning Queen of the United Kingdom, Elizabeth II, passed away on Thursday at the age of 96.  What Happened: Soon after Buckingham Palace announced the Queen's demise, various political leaders, country heads, and...