BP Ousts Chairman Albert Manifold in Boardroom Shakeup Over Governance Issues
BP removes Chairman Albert Manifold with immediate effect, citing unacceptable conduct. Ian Tyler appointed interim chair as the energy giant seeks a permanent
Economy — page 3
CoreWeave Stock Surges as Wall Street Bets Big on AI Cloud Demand in 2026
CoreWeave stock gains as Wall Street warms to its neocloud AI model. Revenue backlog hits $100B. Analyst sees long-term growth in GPU cloud infrastructure.
2027 Social Security COLA Projection Hits 3.9% as Inflation Accelerates
New inflation data pushes 2027 Social Security COLA forecast to 3.9%, but experts warn rising costs and Medicare premiums may erode seniors' buying power.
Iran War Fuels Bond Yields, Pushing Mortgage Rates to 6.72% and Reviving Tracker Deals
Rising Treasury yields from the Iran war drive mortgage rates to 6.72%, reviving tracker mortgages as a cheaper option than fixed-rate deals in the UK.
Bill Ackman Dumps Alphabet, Piles $2.1B Into Microsoft in Major Tech Rotation
Bill Ackman sold 95% of Pershing Square's Alphabet stake to buy $2.1B in Microsoft. The trade has already cost $641M as he bets on AI and value rotation.
EU Strikes Late-Night Deal on US Trade Pact to Avert Trump’s July 4 Tariff Threat
EU lawmakers reached a provisional deal on the US trade pact, meeting Trump's July 4 deadline to avoid higher tariffs on European goods.
Lloyds £5,000 Deposit Mortgage: A Lifeline for First-Time Buyers in 2026
Lloyds launches a 5.89% mortgage with a £5,000 deposit for first-time buyers. Could this unlock homeownership for renters stuck in a K-shaped housing market?
Swatch Crowds and Burberry Retreat: The Two Faces of Mall Retail in 2026
Mall retail in 2026 shows two extremes: Swatch stores close due to unruly crowds, while Burberry quietly shuts 21 unprofitable locations as part of a turnaround
Social Security Earnings Limit 2026: New Thresholds Could Catch Retirees Off Guard
The 2026 Social Security earnings test limits are out: $24,480 for early claimants and $65,160 near full retirement age. Here’s how working could shrink your ch
10-Year Treasury Yield Hits 10-Month High as Inflation Data Reshapes Rate Outlook
The 10-year Treasury yield surged to 4.48%, a 10-month high, after hotter CPI and PPI reports. Markets now see a 36% chance of a Fed rate hike by December.
NS&I Premium Bonds rate rise: 22m savers get July boost as odds shorten
NS&I increases Premium Bonds prize fund rate to 3.8% from July, with odds improving to 22,000 to 1. Over 22 million holders to benefit from more prizes.
Eos Energy Stock Surges 36% on Cerberus Deal and Q1 Earnings Beat
EOSE stock jumps 36% pre-market after Cerberus partnership forms Frontier Power USA and Q1 revenue hits $57M, up 445% YoY.