Finance

Japan raises interest rate to 31-year high of 1.25% to curb inflation

The central bank's seventh hike in three years pushes borrowing costs to a 31-year high, but two dissenting board members raise doubts about further tightening.

Warren Buffett steps down as Berkshire Hathaway chairman after decades

The 95-year-old investor leaves the role he has held since 1970, completing a leadership transition that began with his exit as CEO at the end of 2025.

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

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

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