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Wes Streeting is proposing reforms to capital gains tax, as part of his pitch for the Labour leadership. Source link

Customers shop at a Walmart store on May 13, 2026 in Chicago, Illinois. Scott Olson | Getty ImagesWith all eyes on the health of the U.S. consumer, Walmart’s fiscal first-quarter earnings report Thursday morning may offer Wall Street some of the best clues yet. The big box retailer is expected to report another quarter of growing sales and profits, but its commentary on consumer spending – if it’s seeing any pressure and where – could offer investors a view into the strength of the U.S. economy. Here’s what analysts expect Walmart to report for the quarter, according to consensus estimates from LSEG:Earnings…

Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern Source link

Members of the Samsung Electronics labour union hold flags as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company’s foundry and semiconductor factory in Pyeongtaek on April 23, 2026. (Photo by Jung Yeon-je / AFP via Getty Images)Jung Yeon-je | Afp | Getty ImagesShares of Samsung Electronics jumped more than 6% on Thursday after its labor union suspended a planned 18-day strike late Wednesday, easing concerns over disruptions at the South Korean chipmaker.The union had said the strike would proceed after the government-mediated talks collapsed on Wednesday. However, another round of negotiations…

Available for over a yearBritish cryptocurrency investor and billionaire Christopher Harborne made headlines when it was revealed he gave £5million to Reform Party leader Nigel Farage before he was an MP. Last year Harborne also gave a single donation of £9m to Reform UK – the biggest ever donation to a UK political party by a living person. He has also previously donated to the Brexit Party and the Conservatives. Very little is known about the Cambridge-educated businessman, who is also known as Chakrit Sakunkrit. So how did he make his fortune? And why is he so interested in British…

Customers are continuing to shift to electric vehicles, but industry analysts say the picture is complicated.A rising share of car buyers traded their gas cars in for EVs in April, according to data Edmunds shared with CNBC. In January, 67.1% of buyers purchasing a new EV at dealerships traded in a gas car. By April, that climbed 7%, to 72.1%, according to the auto site. The data also showed that EV loyalty numbers are rising: In January, 26.2% of buyers traded in an older EV for a new EV and 34.3% traded for a used one. Those numbers rose, as…

Trump administration pressures Palestinian UN envoy to drop General Assembly vice presidency bid Source link

White House spokesperson Kush Desai denied that the administration didn’t want to accept Stafford and attacked the Post. “This is absolutely false and another reason why the Washington Post is no longer worth the paper it’s printed on,” Desai wrote in an email. He said the Trump administration’s top concern is ensuring the health and safety of citizens and praised the quality of the German hospital treating Stafford. The US has multiple centers and hospital systems with specialized facilities capable of providing safe, high-quality care for Ebola patients. In the press briefing on Wednesday afternoon, Pillai repeatedly dodged questions about…

Available for 27 daysFollowing last week’s local elections, it’s clear there’s a huge shift happening when it comes to the voting habits of British Muslims across the country. Why are so many British Muslims moving away from the Labour Party? And are they really all going to the Greens? Presenter Rima Ahmed returned to her hometown of Harehills in Leeds, once a Labour stronghold, just before the local elections to speak to ordinary Muslim voters about what’s important to them. This episode of Currently… was made by Keiligh Baker. The technical editor was James Beard and the editor was Justine…

Amazon executive chairman Jeff Bezos said a controversial tax strategy used by the wealthy to borrow against assets to lower their income taxes is largely a “myth.””There’s no truth to this ‘buy, borrow, die’ thing,” Bezos told CNBC’s Andrew Ross Sorkin Wednesday in a wide-ranging interview. “I don’t even know where this comes from.”The “buy, borrow, die” strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income. Since the loan isn’t considered taxable income, their income stream avoids tax. Thanks to the step-up in basis tax provision, any gain in the…