Democrats say they will not vote to end the government shutdown unless Congress extends extra Obamacare subsidies that are set to expire next year. Republican leaders have said the subsidies shouldn’t be a part of legislation to reopen the government, though several individual lawmakers are open to the idea. Should the extra subsidies expire, how...
Nike on Tuesday reported a surprise rise in first-quarter revenue and beat expectations for quarterly profit as the sportswear giant rebuilds its presence at wholesalers and CEO Elliott Hill’s turnaround efforts take hold. But executives offered cautious comments about the pace of improvement. Shares rose 1.5 percent. “Nike beat the low bar set for EPS...
Sir Keir Starmer was repeatedly pressed on whether VAT could be increased in the forthcoming Budget. The prime minister was asked at least five times by the BBC’s Laura Kuenssberg if he would rule out raising VAT, with Chancellor Rachel Reeves expected to have to put up taxes or cut spending in November to meet...