Frequent flyers are accustomed to turbulence on some flights. Indeed, many expect it. Despite such anticipation, however, the turbulence can once in a while create significant anxiety among even the most seasoned travelers. This is what happened in markets last week. The “expected” turbulence, related in large part to three continuing paradigm shifts, was turbocharged by two less-anticipated factors, ...

  On Friday, Britain’s government announced a shift in fiscal policy aimed, it said, at stimulating growth and investment. If the new prime minister, Liz Truss, was expecting financial markets to applaud this bold initiative, she’ll have been disappointed. Investors handed her a stunning rebuke. Interest rates soared and sterling slumped to a 37-year low — a combination expressing zero ...

  Bloomberg Aldi said that more British customers are visiting the discount grocery chain as their first and only supermarket as the higher cost of living weighs on shoppers in the UK. The grocer attracted 1.5 million extra customers over the past 12 weeks and sales of its gourmet Specially Selected range rose 29% as shoppers switched from more expensive ...