Help to Buy mostly helped high earners, IFS says
People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says.
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Macy’s to close 14 stores by end of year — including 2 California locations
Department store chain Macy's is set to shutter 14 store locations around the country, two of which are in California.
Wall Street rakes in record profits — but JPMorgan CEO Jamie Dimon flags risks
JPMorgan Chase, the country’s largest bank, said its trading desk racked up a record $11.6 billion as clients scrambled to buy and sell investments amid worries about wars, trade tensions and artificial intelligence shaking up industries.
Amazon to spend $11bn on satellite firm in growing Starlink rivalry
Amazon wants to get thousands more satellites into orbit to offer internet and mobile services.
$1.4 trillion utility spending spree to keep up with AI data centers could hike electric bills: study
US utilities are planning to spend a record $1.4 trillion on the power grid to keep up with data center demands – and it could hike electricity bills even higher for Americans, according to a new study.
Meta’s ‘pervert glasses’ fuel trend of creeps secretly filming women, posting videos online without consent: report
Pickup artists and would-be influencers are increasingly using the glasses to turn real-life encounters into content.
How many ABC News staffers will get axed in Disney bloodbath?
ABC News is getting hit with layoffs amid broader cuts at parent-Disney, according to a source close to the network.
'Bit of pain' worth long-term security from Iran, Bessent tells BBC
US Treasury Secretary said a "small bit of economic pain" was worth it to eliminate the threat of Iranian strikes on Western capitals.
Farmers protest rising costs with traffic disruption
Farmers say they are being hit on several fronts, with the price of fuel and fertiliser all facing a hike.
Amazon buys satellite operator Globalstar for $11B to challenge Elon Musk’s Starlink
Tech companies are pouring in billions of dollars to capture the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink's 10,000-unit-strong network.
Ford CEO Jim Farley warns Chinese cars sales in US would be ‘devastating’ to domestic automakers
Ford CEO Jim Farley said Chinese automakers should not be allowed to sell their vehicles in the US – warning the competition would decimate American car brands.
United Airlines CEO pitched megamerger with American in White House Trump meeting: report
Any tie-up would face steep antitrust hurdles in the already highly consolidated domestic airline industry.
Disney bloodbath as new CEO announces 1,000 job cuts in brutal email to employees
Disney's new CEO Josh D'Amaro made the announcement to staff via email.
America’s corporate boards are under siege
Activist shareholders and regulatory changes are undermining their control
JPMorgan CEO Jamie Dimon urges Senate to vote in Fed Chair nominee Kevin Warsh; Bessent voices confidence in outcome
JPMorgan Chase CEO Jamie Dimon on Tuesday urged US lawmakers to vote in Kevin Warsh as Federal Reserve Chair as soon as possible, while Treasury Secretary Scott Bessent voiced confidence that would happen in spite of impending hurdles at the Senate. Dimon, whose bank beat Wall
Kevin Warsh could become richest Fed chair in history as financial filings reveal his and Estee Lauder heiress wife’s fortunes
Kevin Warsh could become the wealthiest Federal Reserve chairman in history, according to his financial filings – as he clears a hurdle toward a nomination hearing in the Senate.
Families to get cash to help with school uniforms
Families will be able to get help with back to school costs for children in reception to Year 11.
UK faces biggest hit to growth from Iran war of major economies, IMF says
The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy "off course".
White House meetings on college sports’ money mess to give athletes key role for first time starting this week
Sources say 30 collegiate athletes from various sports will be part of the ongoing discussions and come in the wake of Trump's executive order.
Megyn Kelly calls Trump’s Jesus image ‘blasphemous’ and ‘completely inappropriate’
“It is obviously him purporting to be God. That is what he’s doing,” Kelly said on Monday. “And it is blasphemous, by any definition of the word.”
Fuel prices stop rising after 43 days of increases, RAC says
The motoring group says prices could start to come down over the next couple of weeks.
Customers failed over outages, water boss tells MPs
Bosses at South East Water are grilled over failures that left thousands without water over winter.
Morrisons plans to cut 200 jobs at head office
The supermarket says the redundancies form part of a restructure at its Bradford headquarters.
Fines issued after fuel protests across NI disrupt traffic
Drivers were fined and others cautioned for public order offences after the protests caused traffic disruption.
Households could get free electricity for doing washing on sunny weekends
Providers can encourage people to use energy when "weather conditions result in excess supply".
Founder of China's Evergrande pleads guilty to fraud
Evergrande was once China's biggest real estate firm, with a stock market valuation of more than $50bn.
Oil prices continue to fall on hopes of new US-Iran peace talks
Crude prices fell back below $100 a barrel as markets hope an agreement can be reached between the two sides.
Man charged with attempted murder over attack on home of OpenAI's Sam Altman
The Texas man, who also faces federal felony charges, allegedly had documents advocating for violence against AI executives.
Hollywood stars unite to oppose Paramount and Warner Bros Discovery merger
Stars like Emma Thompson and Ben Stiller signed an open letter against the deal, which Paramount said will ensure creators "have more avenues for their work, not fewer".
