Finance

UK 30-year gilt yield hits 5.89%, highest since 1998, ahead of Burnham's first Budget

The jump in long-term borrowing costs could almost halve Chancellor John Healey's fiscal headroom before his first Budget on 28 October.

Fed chair Warsh signals rate hikes possible if inflation stays high

Kevin Warsh used his first Jackson Hole speech to say the central bank has 'work to do' unless underlying inflation returns clearly to its 2% target.

Jane Street reports $15 billion loss tied to AI fund exposure

The trading giant's exposure to Leopold Aschenbrenner's Situational Awareness led to a massive loss as the fund's assets plunged from $45 billion to $10 billion.

Intel plans $15 billion share sale as turnaround rally lifts stock

Solventum plans to spin off $1.4 billion health software unit within 18 months

S&P 500 Closes at Record High as AI Profits Surge and Oil Prices Tumble

TotalEnergies to acquire Shell’s European onshore renewables portfolio in 4 GW deal

Yen surges after rare US-Japan intervention, dragging on Tokyo stocks as oil retreat lifts Wall Street

Gulf stocks close higher as US-Iran de-escalation hopes and strong earnings lift sentiment

Yen surges to three-month high after rare US-Japan currency intervention

Elon Musk calls report of Tesla China sale for SpaceX merger ‘absurdly fake news’

Asia stocks surge, yen weakens after suspected joint intervention by Japan and Korea

Amazon tops $200 billion in quarterly revenue for the first time as AI and ads fuel growth

Microsoft stock surges 15% after earnings, adding record $450 billion in market value

Fed holds rates at 3.5%-3.75% for fifth meeting, but three dissenters push for a hike

Dow plunges 1,153 points after Fed holds rates steady in fractious meeting

SK Hynix record revenue more than triples but misses forecasts, shares slide

SK Hynix shares plunge 13% in record drop as AI chip sell-off deepens

AI funding fears and Chinese chip advances trigger broad selloff across Asian markets

Wall Street braces for Big Tech earnings, Fed meeting, and oil above $100

Oil dives 9% below $88 as US and Iran pause attacks for third night

S&P 500 drops over 1% as Big Tech AI spending fears and $100 oil rattle markets

Ed Miliband to personally take UK’s World Bank seat, putting climate and development at centre of foreign policy

Prediction markets gain UK foothold as Polymarket lists 500 live British events