Hyatt may add hotels in Mexico, Jamaica with potential Playa merger

The Federal Reserve is considering significant changes to its annual stress tests for large US banks, aiming to reduce volatility and increase transparency. The changes may include amending models, averaging results over two years, and allowing public comment on scenarios. The banking industry has expressed frustration with the test's opacity and uneven outcomes, prompting the Fed to revamp the process in response to recent legal developments and industry feedback. Full Article

Entrepreneur contributors emphasize the importance of setting up a trust to protect assets and ensure future wealth growth. By detailing the benefits and types of trusts, they stress the significance of avoiding probate, reducing taxes, maintaining control, and preserving wealth for future generations. Through steps like identifying goals, consulting experts, choosing a trustee, drafting documents, funding the trust, and regular reviews, entrepreneurs can secure tax savings, protect legacies, and provide for their families' financial futures....

François Bayrou, a centrist heavyweight in French politics, has been appointed as the new prime minister following a vote of no-confidence that ended Michel Barnier's minority coalition. Bayrou faces challenges such as Moody's downgrade of France's credit rating due to political instability and the need to navigate the three-bloc impasse in the National Assembly. While Bayrou seeks to build bridges across political divides, concerns remain about potential leftward policy shifts and his leadership style characterized...

Roula Khalaf, Editor of the FT, highlights Conservative leader Kemi Badenoch's concerns over Nigel Farage potentially receiving a donation from Elon Musk, warning against the perception of politics being bought. Badenoch, facing competition from Farage's Reform UK, emphasizes the need for competition and thoughtful Conservatism, while acknowledging past failures in immigration policy. Despite facing challenges, Badenoch remains optimistic about her leadership and the Conservative party's future direction. Full Article

According to Zoopla's latest house price index, UK house prices rose by 1.9% in November 2024, with the average price reaching £267,500. The market is expected to continue growing in 2025, with a 2.5% increase projected. Buyers are becoming more price-sensitive, with average selling prices currently 3.6% below asking. Various regions in the UK experienced different rates of growth, with London seeing a 1.4% increase and Belfast a 6.9% rise in house prices. To avoid...

Federal Reserve Chair Jerome Powell's actions led to volatility on Wall Street, but the decision to pause further rate cuts seems justified following the release of a key inflation indicator and political uncertainty in Congress. Powell's leadership influenced market movements, while the decision to hold off on rate cuts appears to be supported by economic indicators and political developments. The week's events underscore the importance of Powell's role in guiding monetary policy amid changing economic...