Bessent Twist Is Also Bessent Put
Scott Bessent can reshape Treasury issuance, but the forces lifting long-term yields are much bigger than the Treasury Department itself.
World
Nvidia Q2 earnings blow past estimates, sees 70% annual revenue growth
Marvell Technology (MRVL) is betting that the next phase of artificial intelligence will do more than just train bigger models—it will force a fundamental rewiring of data centers. As AI systems begin to interact autono…
Plug-in solar panels are coming to a shop near you - here's what to know
Plug-in solar panels will be hitting the shelves of DIY shops and High Street retailers after the government changed the rules to allow them to be legally sold in the UK.
Meta's $18bn settlement may hasten reckoning for social media on child safety
I was expecting weeks of courtroom drama as 29 states â almost two-thirds of North America - took on one US tech giant.
Nvidia revenue doubles on continued AI demand
Chipmaker Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace.
Experts' five tips to make a rented property feel like home
You want somewhere that feels warm and personal but without spending a fortune changing a flat or house owned by someone else and making alterations that put a deposit at risk.
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.
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.
Want your job application to stand out? Employers say they look for these skills
The ability to communicate, collaborate and solve problems are among skills that employers say they are looking for in potential job hires.
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.
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.
Meta agrees to pay up to $18bn to settle social media case
The deal has been reached during a California federal court trial over claims brought by US states.
'Ironing board' seats to be replaced on Thameslink
Greater Thameslink Railway says these upgrades are part of the wider renationalisation plans.
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 …
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.
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…
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.
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 …
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.
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.
Firms scramble for battery power in Spain and Portugal
A massive power failure caused widespread chaos. People dug out lanterns and old radios, and companies scrambled to save what production they could.