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Yen at 40-year lows despite intervention warnings; Fed policy in focus

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Business Confidence Falls as Iran Conflict Drags On

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Business Confidence Falls as Iran Conflict Drags On

Business confidence slipped over the past month as firms wrestled with stubborn inflationary and cost pressures, with the Middle East war now into its fifth month, according to a survey published today.

The index of sentiment among private-sector companies compiled by Lloyds Bank’s Business Barometer fell by 3 points to 44 per cent in June, leaving it below the 12-month average of 47 per cent. Economic optimism also dropped, down 4 points to 31 per cent.

The lender said businesses were most worried about the rising cost of production, a concern likely tied to the higher energy prices triggered by the Gulf conflict. Over the weekend the United States and Iran traded strikes, each accusing the other of breaching the terms of the ceasefire agreement.

The decline in confidence was most pronounced among manufacturers, where optimism tumbled by 10 points to 33 per cent, a reflection of the sector’s heavy energy use. The reading among retailers fell by 8 points to 45 per cent. Energy costs have remained the single biggest brake on SME growth for much of the past year, with smaller firms warning they have no price-cap protection of the kind afforded to households.

Although inflationary worries persist, oil prices have eased sharply in recent weeks. The price of a barrel of Brent crude, the international benchmark, has fallen back below the levels seen before the conflict broke out at the end of February.

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Amanda Murphy, chief executive for Lloyds Business and Commercial Banking, said: “While cost pressures and global uncertainty continue to weigh on business confidence, international firms are much more confident, with many seeing signs of supply chain disruption easing and strengthening customer demand.”

There was better news on jobs. Lloyds said companies’ hiring intentions rose for the first time in three months. Some 55 per cent of the 1,200 firms surveyed said they wanted to expand their workforce, against 14 per cent planning to cut headcount, a fall of 3 points over the month.

Hann-Ju Ho, senior economist at Lloyds Commercial Banking, said: “Overall, while some sectors are holding up, the data suggests that uncertainty is still feeding through unevenly and weighing more heavily on parts of the economy than others.”

The figures may signal that the UK labour market is in the early stages of stabilising after two years of weakening. Data from the Office for National Statistics showed vacancies have fallen to their lowest level in five years.

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Growth has also taken a knock from the war. GDP contracted by 0.1 per cent in April, the latest ONS figures show, and the closely watched purchasing managers’ index revealed that activity in the private sector dropped to a 14-month low.

The fall in confidence over the past month may equally be tied to the latest bout of political and policy uncertainty in Westminster, after Sir Keir Starmer resigned as prime minister earlier this month, clearing the way for Andy Burnham to enter No 10 as soon as mid-July.

Mr Burnham has yet to flesh out his tax and spending plans or name his chancellor. Ed Miliband and Wes Streeting are regarded as the most likely picks to replace Rachel Reeves in No 11. Starmer’s probable successor has signalled a preference for lowering VAT on the hospitality industry and overhauling the business rates regime.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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Federal order advances regenerative agriculture

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Federal order advances regenerative agriculture

Trump signs executive order directing research, evaluation framework.

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American Airlines delay strands GOP lawmaker, causes 3 House members to miss votes

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American Airlines delay strands GOP lawmaker, causes 3 House members to miss votes

Rep. Max Miller, R-Ohio, blasted American Airlines on Monday after a lengthy delay left him and two other members of Congress unable to return to the Capitol in time for House votes.

Miller said the delay caused him and two other lawmakers to miss votes Monday evening, including final passage of the Kids Internet and Digital Safety (KIDS) Act, which cleared the House by a 267-117 vote. The legislation would require major online platforms to adopt new safeguards for minors, including expanded parental controls, limits on certain messaging features and disclosures by artificial intelligence chatbots.

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In a post on X, Miller accused the carrier of repeated operational failures, writing that “three members of Congress will miss votes tonight because of your incompetent airline.”

The Ohio Republican said the aircraft remained on the tarmac for more than two hours before returning to the gate, where passengers deplaned and returned to the terminal.

JETBLUE CUTS BACK AT NEWARK, LAGUARDIA AIRPORTS AS AIRLINE SHIFTS FOCUS TO FLORIDA

“We have been on the tarmac for over two hours and are now going back to the gate. Pathetic,” Miller wrote.

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Miller added that he has resorted to driving from his Ohio district to Washington for the past seven months because of recurring air travel problems.

max miller

Rep. Max Miller, R-Ohio, attends the Ways and Means Committee hearing on the priorities of the Treasury Department in Longworth building on Thursday, June 4, 2026. Treasury Secretary Scott Bessent testified.  (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

American Airlines responded publicly to Miller on X, apologizing for the disruption.

“We know how important it is to get where you’re going on time, and we’re truly sorry for the delay,” the airline wrote. “Our ground team is working hard to get you moving soon.”

American Airlines

The U.S. Department of Transportation approved American Airlines’ request to operate flights to Caracas and Maracaibo, Venezuela, following the lifting of a yearslong restriction on U.S. carriers. (DANIEL SLIM/AFP via Getty Images / Getty Images)

According to FlightAware, American Airlines canceled nine flights Monday and delayed 706 flights — about 19% of its scheduled operations. Airlines worldwide logged nearly 25,000 delays throughout the day.

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The incident came as airlines prepared for one of the busiest travel periods of the year. The Transportation Security Administration expects to screen nearly 18.7 million passengers between June 30 and July 6, with more than 3 million travelers projected to pass through airport security checkpoints on Thursday alone.

American Airlines plane departs Los Angeles

American Airlines is set to resume nonstop service between Miami and Venezuela after the U.S. Department of Transportation approved the carrier’s request on March 4, 2026, marking the first time a U.S. airline has restored flights to the country sinc (Kevin Carter/Getty Images / Getty Images)

TSA said it has fully staffed security checkpoints for the Independence Day travel period and deployed additional personnel and resources to support heightened travel demand tied to both the nation’s 250th anniversary celebrations and the 2026 FIFA World Cup, which is being hosted across the United States, Canada and Mexico.

CLICK HERE TO GET FOX BUSINESS ON THE GO

FOX Business has reached out to American Airlines for comment. 

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Bel Fuse A stock hits all-time high at 276.57 USD

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Bel Fuse A stock hits all-time high at 276.57 USD

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My Own Meals expands leadership team

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My Own Meals expands leadership team

Kathleen Dumler takes on several leadership roles at My Own Meals, Inc.

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Major residential scheme for next phase of Brymbo Park

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Gleeson plans to build 200 new homes at the former steelworks site near Wrexham

The former Brymbo steelworks(Image: Copyright Unknown)

A preferred housebuilder for the next phase of development at the former British Steelworks site at Brymbo near Wrexham has been confirmed.

Brymbo Developments Ltd (BDL) – a subsidiary of private development company Parkhill Group – has selected MJ Gleeson for a major residential scheme at one of North Wales’s largest regeneration sites, Brymbo Park.

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Gleeson is set to acquire a 6.487 hectares (16.03 acres) plot with outline planning permission for 200 new homes. The value of the land deal has not been disclosed.

The residential development site forms part of the wider regeneration of the 560-acre former steelworks, which closed in 1990.

BDL recently secured an agreement for a 5,000 sq ft Sainsbury’s convenience store, with a further 4,500 sq ft of retail space currently being marketed. As part of its commitment to delivering essential new community facilities, the developer has also recently completed the transfer of land to Wrexham Council to accommodate a new local primary school, with work scheduled to commence in early 2027.

James Cannon, head of property at Parkhill Group, said: “Gleeson is a well-respected developer and a good fit for this site. We are confident that they will deliver fit-for-purpose new homes for the local community, which will provide a further catalyst for this major regional regeneration project. We look forward to working alongside them to deliver the next phase of this transformative project.”

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Gareth Owen, land director at Gleeson, added: “We are delighted to be selected as the preferred bidder for the next phase at Brymbo Park, a site of significant scale and importance to the region. This acquisition presents an exciting opportunity for Gleeson to deliver high-quality homes that meet local demand, while contributing to the wider regeneration of this historic site.”

The wider masterplan also includes a visitor attraction celebrating the site’s heritage, which recently secured a £10m funding deal from the National Lottery, Wrexham Borough Council, CADW and National Resources Wales. It is scheduled to open this summer.

The remaining retail space at Brymbo Park is being marketed by BA Commercial. Moreover, the site’s 6.46 acre plot C for up to 84 new homes will be marketed shortly.

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Toast: The Market Is Focused On The Wrong Metric (NYSE:TOST)

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Customer paying for beers with contactless payment in pub

This article was written by

Hi, my names Tyler! While I am currently a student at University of South Carolina well on my way to earning majors in Finance and Risk Management, I spend nearly all my free time analyzing companies and the market. My credentials include a Level 2 certification through the Adventis FMC program as well as certificates from Bloomberg Market Concepts.I have been investing since middle school, however, I am much more focused on investing now than I was then. Overall, I am event-driven, opportunistic investor who is just looking for the next best thing.I was particularly inspired by Cornwall Capital, who found stocks others deemed “risky” and completed in-depth research to find the true story. This is my main strategy today, finding ignored or underfollowed stocks that bring more to the table than people think. This led me to make my first “Cornwall” trade back in May acquiring shares and LEAP option contracts of Opendoor Technologies at $0.75, before the meme rally. I acquired more shares around $0.56 and $2.00 and although I sold my option contracts for a profit of 4000%+, I continue to hold my shares to this day. I write and post anything that I find interesting or I believe has a strong opportunity ahead across any industry or sector. I’ve always enjoyed sharing my thoughts on companies with family members and friends so I figured, why not share with everybody!

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Why is Strategy stock sliding today?

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Why is Strategy stock sliding today?

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Warriors Reportedly Plan All-In Pursuit of LeBron James and Anthony Davis to Give Stephen Curry One Last Shot

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LeBron James Stephen Curry

SAN FRANCISCO — The Golden State Warriors are preparing to pursue one of the boldest, riskiest roster overhauls in recent NBA memory, planning a simultaneous push for free agent LeBron James and a trade for Wizards center Anthony Davis as the franchise looks to transform a play-in tournament team into a legitimate title contender around an aging Stephen Curry.

ESPN’s Shams Charania reported that the Warriors are “planning a pursuit of LeBron James in free agency and Anthony Davis via trade this week,” signaling that Golden State intends to move aggressively on both fronts as NBA free agency officially opens. The strategy reflects an organization fully aware of the shrinking championship window surrounding Curry, who turns 38 this season and remains the centerpiece of any title hopes for a franchise that won 37 games and finished as a play-in participant last season.

The boldness of the plan is matched only by its inherent risk. James, 41, has missed more than 20 games in four of his last six seasons, while Davis, 33, has totaled just 71 appearances combined over the past two seasons. Pairing two stars with that combined injury history alongside an already injury-prone roster, one that includes Al Horford, Kristaps Porziņģis and Draymond Green, represents what amounts to a significant gamble on health and availability as much as on talent.

Despite those concerns, the potential upside has kept the idea squarely on the table for Golden State’s front office. The Curry-James-Davis trio has already shown it can function at an elite level together, having helped Team USA capture gold at the 2024 Paris Olympics under the direction of current Warriors head coach Steve Kerr. That shared chemistry and Kerr’s familiarity with deploying all three players alongside one another has reportedly factored into the Warriors’ confidence that the pairing could translate successfully to an 82-game NBA season and a deep playoff run, even accounting for the players’ respective ages and recent injury histories.

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According to NBA insiders Marc Stein and Jake Fischer, the Warriors are considered “far and away the most interested external suitor” for James as he weighs his free agency options this summer. Still, there is no guarantee James will be willing to leave his Los Angeles home base to relocate for a fresh start in the Bay Area, particularly given the financial constraints Golden State would likely face in putting together a competitive offer. Absent significant additional maneuvering, the Warriors may have only the non-taxpayer midlevel exception, worth roughly $15.1 million, available to offer James as a free agent.

Even securing that level of cap flexibility would require considerable financial gymnastics on Golden State’s part. Draymond Green’s decision to decline his $27.7 million player option Monday was widely viewed as a necessary first step toward clearing the path for such a pursuit, but the Warriors would likely also need Green to accept a meaningful pay cut on any new contract, and the team may need to shed the salary of injured swingman Moses Moody to fully open up the financial space required to make a James pursuit and a Davis trade both feasible simultaneously.

The Davis side of the equation presents its own complications. Any trade for the Wizards center would likely require Golden State to include Jimmy Butler, meaning the Warriors would have to reverse course on previously stated plans to keep Butler on the roster throughout his recovery from a torn ACL. On Washington’s end, the Wizards would similarly need to abandon their own publicly stated intention to keep Davis as a core piece of their rebuilding effort, a stance general manager Will Dawkins reiterated just weeks ago when he said the team and Davis both want him to remain in the nation’s capital. Bridging that gap between Washington’s stated plans and Golden State’s ambitions remains one of the most significant obstacles standing between the Warriors and completing the proposed blockbuster.

Analysts following the situation have been blunt about just how complicated pulling off both moves simultaneously would be, describing the broader plan as far from simple and acknowledging that success would require a substantial amount of fortune breaking in the Warriors’ favor across multiple fronts at once, from James’ personal willingness to relocate, to Washington’s openness to moving Davis, to the financial restructuring needed to make the math work under the league’s salary cap and luxury tax rules.

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Still, the calculus facing Golden State’s front office is straightforward in its own way: there has never been an easy or conventional path to transforming a 37-win, play-in-caliber roster into a genuine championship contender. With Curry’s prime years narrowing and no clear alternative path to title contention readily available through the draft or more conventional free agency moves, pursuing a high-variance, high-reward strategy built around two future Hall of Famers represents, in the view of those tracking the situation, a realistic if far from guaranteed route back to relevance for a franchise that has won four championships over the past decade but has watched its competitive window narrow considerably in recent seasons.

Whether the Warriors can actually thread the needle, convincing James to leave Los Angeles, persuading Washington to part with Davis, and restructuring their own roster finances enough to fit both moves under the salary cap, remains very much an open question as free agency unfolds this week. But for an organization unwilling to simply accept a gradual decline around its aging core, league sources indicate Golden State views this aggressive dual pursuit as the clearest remaining avenue to give Curry one final, legitimate opportunity to add to his championship resume before his career window closes entirely.

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Serena Williams Returns to Wimbledon Today After Nearly Four Years Away, Facing Maya Joint in First Round

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Maja Chwalińska

LONDON — Serena Williams steps back onto a Grand Slam singles court Tuesday for the first time in nearly four years, opening her much-anticipated Wimbledon return against 20-year-old Australian Maya Joint in a first-round match that caps a remarkable, fan-driven comeback to the sport’s most storied tournament.

Williams, a seven-time Wimbledon singles champion and 23-time Grand Slam winner, last competed in a singles match at a major tournament during the 2022 US Open, where she fell in the third round to Ajla Tomljanovic in what many assumed at the time was the closing chapter of her professional career. That assumption was upended on June 21, when Williams confirmed her return to the All England Club through a joint Instagram post with the tournament itself.

“This is not a drill,” the post read, accompanying a photo of Williams on a grass court alongside the caption “Serena Returns.”

The announcement followed an earlier reveal that Williams would also reunite with her sister Venus for women’s doubles at this year’s tournament, a pairing that has won six Wimbledon doubles titles together among 14 Grand Slam doubles championships overall. Speaking with reporters at the Berlin Tennis Open earlier this month, which marked just her second competitive appearance since her extended break, Williams credited her younger daughter for nudging her back toward the doubles reunion with Venus.

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“My daughter, Olympia, told me I should play with Venus,” Williams said. “She’s always right.”

Williams, who shares daughters Olympia and Adira with husband Alexis Ohanian, described her older daughter as unusually perceptive for her age, calling her smart and wise before recounting her own initial response to the suggestion. “I said, ‘Okay, Olympia, we’ll see if we can do it,’” Williams said.

Tuesday’s first-round singles match pits Williams against Joint, a rising Australian player born in Michigan, the same state where Williams herself first picked up a racket. Joint, who made her own Wimbledon debut just last year, has described the matchup as a career milestone she once considered nearly unimaginable.

“I always dreamed about playing Serena Williams,” Joint told ESPN. “If you told me 10 years ago that I’d be playing her first round at Wimbledon, that’s just crazy.”

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Joint also addressed the mental challenge of facing a player whose career she grew up admiring, saying she planned to focus narrowly on the match itself rather than the magnitude of her opponent’s legacy. “You just have to play the ball,” she said. “You can’t really think about who you are playing because I’ll just get too nervous. I’ll just take it one ball at a time.”

The exact start time for the Williams-Joint match depends on Tuesday’s official order of play, which tournament organizers traditionally release the evening before each day’s matches. Wimbledon’s broadcast coverage in the United States begins daily at 6 a.m. ET, running continuously through the tournament’s conclusion on July 12, with matches available across Tennis Channel, ESPN, the ESPN app and the network’s dedicated Wimbledon streaming hub. A complete list of international broadcast options is also available through the tournament’s official channels for viewers outside the U.S.

Williams enters her singles return without an active ranking, having been away from competitive tennis long enough to fall outside the WTA’s standard ranking system entirely, which left wild card entry as her only realistic path into the main draw. Tournament organizers granted her that wild card alongside a separate entry for the Williams sisters’ doubles reunion, with Venus and Serena set to compete together at Wimbledon for the first time since 2016, the same year Serena most recently claimed the tournament’s singles title.

Williams’ build-up to Wimbledon included a deliberately limited slate of tune-up matches on grass, a surface she has long considered her strongest. Beyond her appearance at the Berlin Tennis Open, Williams also played doubles at the HSBC Championships at London’s Queen’s Club earlier this month, partnering with Victoria Mboko in what was widely viewed as an early test of her readiness to compete again at a high level. Those appearances, along with continued practice sessions at the All England Club in the days leading up to the tournament, set the stage for Tuesday’s singles debut against Joint.

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The broader 2026 Wimbledon field includes several other storylines competing for attention alongside Williams’ comeback. Defending women’s champion Iga Świątek is seeking her second consecutive title at the tournament after an earlier exit at the French Open, while Jannik Sinner aims to defend his men’s title following his own surprising early departure from this year’s Roland Garros. Both Sinner and longtime rival Novak Djokovic landed in the same half of the men’s draw, raising the possibility of a semifinal meeting between the two should they each advance that far.

For Williams, however, Tuesday’s match carries significance well beyond the tournament bracket itself. Her return marks one of the most closely watched comebacks in recent tennis history, drawing attention not only for the rarity of a player of her stature returning to Grand Slam singles competition after such an extended absence, but also for what it represents emotionally, a chance for her young daughters to watch their mother compete on one of the sport’s biggest stages, something neither child has had many opportunities to witness during Williams’ time away from the tour.

Whether Tuesday’s match against Joint marks a brief, ceremonial return or the start of a longer competitive run remains to be seen. But for a player widely regarded as the greatest in the history of women’s tennis, simply stepping back onto Wimbledon’s Centre Court grounds, nearly four years after many assumed her singles career had already concluded, represents a moment tennis fans worldwide have been anticipating since the surprise announcement first broke earlier this month.

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