Rolls-Royce Rolls-Royce Sweptail. At roughly $ 3 million, the Bugatti Chiron is one of the most expensive production cars to ever reach showrooms. So, the words “affordable” and “Bugatti” rarely, if ever, occupy real estate in the same sentence. However, that’s exactly what happened over the weekend. On Saturday, Rolls-Royce unveiled a one-off custom build […]

[unable to retrieve full-text content] Le Pigeon in Portland, Oregon. It’s been less than a year since the owners of Portland, Oregon-based sister restaurants Le Pigeon and Little Bird Bistro decided to enforce a no-tipping policy. Now they’re bringing it back, Eater reported last week.  Le Pigeon and Little Bird Bistro, both co-owned by Chef Gabriel […]

Reuters / Paul Hanna LONDON — On Friday, new data from the Office for National Statistics showed UK GDP growth slowing to just 0.3% in the first quarter of 2017. After close to 10 months of shockingly strong growth, the numbers confirmed what economists have been predicting for a long time — that Brexit will have a materially negative impact on […]

PA Theresa May leaves Downing Street ahead of Brexit speech. LONDON — A faltering economy and poor polling accuracy could undermine the Conservative party’s hopes for a crushing victory in the General Election in June, according to Pantheon Macroeconomics. With the Conservatives streaking ahead in the opinion polls, Prime Minister Theresa May called for an early […]

Reuters/Ilya Namushin LONDON — The argument that Britain’s house prices have risen in the past three or four decades due to a supply-demand issue is wrong, a new academic research paper presented to the Royal Economic Society this week suggests. Conventional wisdom in the UK market — particularly in London — is that supply is too […]

Please enable Javascript to watch this video This week, Henry Blodget sat down with Ray Dalio, founder and C0-CIO of Bridgewater, the world’s largest hedge fund. Here is part 1 of their extended interview, which appears in the premiere episode of Henry’s new weekly markets and economics show, The Bottom Line. Watch the full episode […]

Reuters As we get ready to close the March quarter, domestic stock market indices have switched gears as the euphoria and hope that filled the market post-election has given way to sobering data that the domestic economy is once again slowing. While some focus on the modest bump higher in 4Q 2016 GDP, to us […]