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The prime minister and Conservative leader argue over welfare and defence spending ahead of May elections. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russia has warned that the United Arab Emirates’ shock exit from Opec will drive a fall in oil prices once the Middle East conflict ends, but has confirmed that it intends to remain within the wider Opec+ alliance.Russia’s finance minister Anton Siluanov said on Wednesday that without limits imposed by the oil cartel, the UAE would probably pump oil at will. Today, the market “is constrained by the Strait of Hormuz, but what will happen tomorrow?” Siluanov said. “What will happen if…
AstraZeneca and GSK, the U.K.’s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday. Source link
Humana reports quarterly beat, unchanged forecast underwhelms market Source link
Avishek Das | Lightrocket | Getty ImagesOpenAI revenue chief Denise Dresser said the AI company’s agreement on Tuesday to make its models available on Amazon had nothing to do with an announcement a day earlier that the startup had restructured its relationship with Microsoft for a second time in six months.”The two are not related in any way,” Dresser told CNBC in an interview following OpenAI’s announcement with Amazon. Analysts aren’t so sure.A lot has happened since late October, when OpenAI completed its recapitalization, giving Microsoft a 27% stake in the for-profit side of the artificial intelligence company. As part…
The Reform leader says the gift was for his personal security – but opponents say he should have declared it. Source link
Gold prices held steady on Thursday, while a firmer dollar and fading hopes for near-term interest rate cuts due to higher oil prices continued to weigh.Hans-peter Merten | The Image Bank | Getty ImagesOne of the hottest trades of the past year might have run its course, if one options trader gets their way.In one of the most interesting macro trades of the day, someone sold upside call exposure in the SPDR Gold ETF (GLD) while simultaneously buying downside put exposure in a two-pronged trade that both brings in a million-dollar credit and creates potential for big gains if GLD…
The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant’s handling of child safety intensifies. The commission said Wednesday that its preliminary investigations concluded that Meta violated the EU’s Digital Services Act because the minimum age requirement of 13 for Instagram and Facebook is not adequately enforced. When creating an account, minors can input a false birth date, with no controls in place to verify it, the Commission said.Additionally, the tool for reporting a minor’s account is “difficult to use” and requires up to seven…
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California.Kevin Carter | Getty ImagesMortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market.Total mortgage application volume fell 1.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.37% from 6.35%, with points remaining unchanged at 0.61, including the origination fee,…
Stocks fall, oil rises, traders wait for tech earnings and Fed Source link