The FTSE 100 Index pulled back for three consecutive days as companies exposed to the ongoing US-Iran war slipped and as the UK published a strong inflation report. It also dropped as market participants waited for the upcoming UK corporate earnings. It has dropped by over 2% from its highest point…
A year ago, Donald Trump called it Liberation Day. Today, 330,000 American businesses are filing to get their money back, and the President is on television telling them not to.The refund portal opened on April 20, 2026. By that point, the Supreme Court had already ruled 6-3 that Trump’s signature…
KPMG is cutting around 10% of its US audit partners, marking a significant step in efforts to improve productivity after years of unsuccessful attempts to encourage voluntary retirements.The move was disclosed during a meeting on Wednesday, where attendees were told the size of the audit partnership had become misaligned with…
Prediction markets are supposed to turn public information into prices.In the case now unfolding around Polymarket, prosecutors say the opposite happened as a US Army soldier allegedly used classified knowledge about a secret military operation to bet on the outcome.According to Thursday’s unsealed indictment and the CFTC’s civil complaint, Gannon…
President Donald Trump is due to speak on Saturday at a cryptocurrency event at his Mar-a-Lago club in Palm Beach, Florida. The gathering has drawn renewed criticism from Democrats over potential conflicts of interest tied to his family’s digital-asset ventures. The event is being marketed as an exclusive conference and…
Gold was little changed to lower on Friday but remained on course for a weekly decline, as higher oil prices, firmer dollar and rising Treasury yields reduced the appeal of bullion despite continued geopolitical tension in the Middle East. Spot gold was last near $4,675 an ounce, after hitting $4,697.06…
Elon Musk’s SpaceX has secured a $20 billion bridge loan to refinance a large portion of its existing debt ahead of its planned US initial public offering, according to a regulatory filing reviewed by Reuters.The stopgap financing, arranged last month, replaces five existing debt facilities and gives the company greater…
Chinese artificial intelligence startup DeepSeek began previewing its fourth-generation model on Friday. The preview marks its most significant product update since the low-cost V3 system helped propel the company into the global spotlight last year. The new model, DeepSeek V4, is being introduced in pro and flash versions and will…
Artificial intelligence (AI) is poised to fundamentally restructure the economics of the interactive entertainment sector.A seminal research report from Morgan Stanley suggests that generative AI integration could slash the cost of developing AAA titles by approximately 44%, potentially unlocking an estimated $22 billion in aggregate annual profit opportunities.However, analysts warn…
The FTSE 100 Index pulled back this week as the US-Iran war continued and after the UK published a hot consumer inflation report. It dropped to £10,365 from this month’s high of £10,687. The index will be in the spotlight in the coming week as the Bank of England delivers its…