Meta to pay up to $18bn to settle claims its platforms harm children
Social media giant Meta has agreed to a $18bn (£13.3bn) settlement with US states and territories to resolve claims that Facebook and Instagram harmed children.
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Unexpected chat between OpenAI agents led to Hugging Face hack
When more than 1,200 artificial intelligence (AI) agents within OpenAI started unexpectedly communicating, it led to a large group banding together in order to hack into Hugging Face.
How Dolly Parton's business savvy helped her succeed far beyond the charts
Not many musicians would snub a chance to work with Elvis Presley. But when Dolly Parton did so, it made her millions.
Inflation Is Still Far Above the Fed’s Target: So Why Would It Cut Rates?
Since regaining the Oval Office in early 2025, President Donald Trump has repeatedly called for lower interest rates1 and severely criticized former Federal Reserve Board Chair Jerome Powell’s cautious approach to inter…
Fed’s preferred inflation metric floats above target range in July
The BoJ is expected to resume policy normalisation at its meeting next week, with money markets pricing an 89% chance that the central bank will raise its short-term policy rate by 25bps to 1.00%, and an 11% probability…
Reform proposes £30 tax rebate for HMRC phone delays
People on hold to HMRC for more than 30 minutes would get a tax credit under plans announced by Robert Jenrick.
Why we should all get used to high household energy bills
Energy bills may have been a long way from our minds through the sweltering summer.
Borealis Foods expands to 20,000 schools, revenue up 110%
Borealis Foods (Nasdaq: BRLS) reported a 110% year-over-year increase in U.S. K–12 school foodservice revenue, driven by ongoing national expansion. The company now reaches more than 20,000 schools across approximately …
Druckenmiller Has a Warning: Don’t Mess With Markets
Famed investor Stanley Druckenmiller published a Wall Street Journal opinion piece (Let The Bond Market Speak) on Monday, in which he warns Treasury Secretary Bessent about long-dated bond buybacks. His core thesis seem…
'Ironing board' seats to be replaced on Thameslink
Greater Thameslink Railway says these upgrades are part of the wider renationalisation plans.
Buying Nvidia ahead of today’s earnings? You must see what our AI models say first
Artificial intelligence stocks maintain their allure, thanks to industry momentum and appealing valuations.
ANZ says sticky Australia inflation raises risk of November RBA rate hike
Homeowners hoping the Reserve Bank would continue to deliver one rate cut after another have been dealt a brutal wake-up call, with experts warning a 2026 rate hike is no longer a remote possibility.
Global energy stocks in the red as oil tumbles on Iran-Oman Hormuz talks
Oil prices staged their sharpest single-session drop in weeks on Monday after Washington and Tehran paused military strikes over the weekend, but the relief was clouded almost immediately: Houthi forces struck the Saudi…
Why Tesla has been caught up in a massive car recall in China
The country's biggest ever car recall affects more than four million vehicles made by Tesla, XPeng, Xiaomi and other firms.
SoftBank weighs up to $20 bln bond sale to refinance OpenAI loan - Bloomberg
[HONG KONG] ByteDance, the developer of TikTok, is in preliminary talks with banks for a borrowing of about US$20 billion, sources familiar with the matter said, in what would be the firm’s largest offshore loan yet at …
Musk's rocket firm SpaceX to build $100bn launch facility
Multi-billionaire Elon Musk's rocket company SpaceX has announced that it will build its largest launch site yet in the southern US state of Louisiana.
Australia July inflation tops forecasts, boosting RBA rate-hike risks
As anticipated in our last global economic outlook, elections around the world have driven notable policy changes that altered the trajectories of inflation, borrowing costs, currency values, and trade and capital flows…
Winter energy prices expected to rise to three-year high
Energy bills for millions of households are expected to rise this winter to the highest level for three years, under a price cap to be announced by the industry regulator on Wednesday.
Back to school: How to save on uniform costs
Back to school can stir up many emotions for parents, including anxiety about the extra costs it brings.
AI gold rush draws crypto firms away from Bitcoin
Companies that once filled warehouses with computers to earn Bitcoin - a process known as mining - are now using that computing power for AI.
New-Home Sales Fall 10.5% as High Mortgage Rates Keep Housing Stuck
High home prices and elevated mortgage interest rates are keeping some buyers on the sidelines.
Who does Iran trade with and what could Trump's 'economic D-Day' mean?
The US has said "the single greatest financial offensive ever" will help it and Israel end their ongoing war with Iran.
Bessent’s Iran Offensive, Gold’s 3-Month High and Aussie CPI Ahead
Markets tread water ahead of Nvidia and Jackson Hole as Bessent launches his Iran sanctions campaign and gold hits a fresh high.
TGA Could Turn a Small Buyback Into a Market Mover
The Treasury General Account (TGA) is Treasury’s cash balance held at the Federal Reserve. Its balance is the net of cash inflows like tax receipts and outflows to pay the government’s bills. On Monday, we learned that …