The Vox Markets Podcast With Justin Waite

2638: Global Sell Off on Fears of U.S. Recession!

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Synopsis

Global Sell Off on Fears of U.S. Recession! MACRO NEWS STORY 1 Stock indices around the world have slumped after weak manufacturing data and company earnings raised concerns that the US economy may be on its way to recession. STORY 2 The new Labour government has shelved £1.3bn of funding promised by the Conservatives for tech and Artificial Intelligence (AI) projects according to the BBC. STORY 3 Figures for retail footfall in the UK fell for a twelfth consecutive month as shoppers opted to spend on holidays and leisure rather than consumer goods. STORY 4 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October. MICRO NEWS - ADVFN #AFN is pleased to launch of ADVFN AI Intelligence - Kinovo Plc #KINO confirm that it has completed the build of the final outstanding legacy project - SkinBioTherapeutics #SBTX has raised £1.56m at 10.5p - XP Factory #XPF will release its results for the 15 m