The US economy’s slowing: the Fed wants to be sure it won’t stall

The US economy’s slowing: the Fed wants to be sure it won’t stall

The American economy is either normalising and headed for a soft landing, or for a crash. Inflation is either tamed, or a threat to society. Shares are so overpriced that a major sell-off is around the corner, or so underpriced, relative to future earnings, as to be ready for an upward surge. Consumers are either…

Direct Line says it’s back in gear despite missing forecast profits

Direct Line says it’s back in gear despite missing forecast profits

The new boss of Direct Line has insisted a turnaround of the beleaguered motor insurer is on track despite the company posting a smaller-than-expected return to profit. Half-year results from the London-listed group showed it swung from a £93.7 million operating loss a year ago to a £63.7 million profit, although this fell short of…