UK fiscal credibility at risk as Reeves plans to abandon income tax rise, economists warn
Rachel Reeves is set to abandon a planned rise in income tax in her upcoming budget after a tumultuous week…
Dow futures slip 214 points amid Fed jitters: 5 things to know before Wall Street opens
Dow futures were under pressure on Friday, falling about 214 points, roughly 0.5% as investors turned cautious ahead of key…
The next wave of AI-driven cost cuts: Vista and Meta send clear signals this week
The private equity and big tech playbooks are converging on a singular strategy: replace expensive human workers with automation. This…
Merck to buy Cidara Therapeutics for $9.2 billion as Keytruda patent cliff approaches
Merck & Co. has agreed to acquire biotechnology firm Cidara Therapeutics in a $9.2 billion deal, accelerating efforts to broaden…
Applied Materials shares slide as China outlook darkens despite strong earnings
Applied Materials’ shares fell sharply in premarket trading on Friday, dropping more than 7%, after the chip equipment maker warned…
Investors push Argentina for more FX flexibility as Government holds line
Investors are pushing Argentina to relax its foreign-exchange regime, contending that a more flexible peso would be a big help in…
Commodity wrap: Fed caution hits bullion hard, Russian supply concerns boost oil
Gold prices slumped more than 3% on Friday as a December interest rate cut by the US Federal Reserve looks…
US-Switzerland trade deal: tariffs slashed to 15%, boosting pharma and watches
After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs…
Europe bulletin: US-Swiss trade deal, UK tax U-turn, Novo Nordisk shake-up
Europe saw a flurry of political and economic developments this week, from a major US–Swiss trade breakthrough to the UK…
Copper falls as weak Chinese real estate overrides production slowdown
The copper rally fizzled out quickly after the metal briefly soared past $11,000 per ton, as disappointing economic figures from…