The S&P's New Record & Billionaire Retail Magnates, The Issa Brothers, See Their Empire Fall
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Wall Street traders gearing up for the Federal Reserve decision sent stocks to fresh all-time highs amid gains in several big techs.
(2) The likelihood that central banks are about to embark upon the most synchronized reduction of interest rates since 2008 looks set to support the dollar in its nascent rebound.
(3) Mohsin and Zuber Issa turbocharged their retail empire in the easy-money era of the past decade through dozens of debt-funded deals to form one of the world’s largest owners of gas stations and convenience stores
(4) The opposition Labour Party’s chancellor-in-waiting Rachel Reeves pledged a fundamental “course correction” for the UK economy, saying the country needed to invest in growth and solve underlying structural problems to break the grip of stagnation.
(5) JPMorgan unexpectedly lifted its dividend 9.5% in the wake of a record annual profit and as regulators signal they may rethink proposals for tightening capital rules.
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