Business / Finance
Wall Street banks brace for ‘political theater’ as Democrats return to power—but few expect major change anytime soon
“They can make life difficult, but they can't necessarily change the overall tenor of where the banks are projected to go,” a Citi analyst said.
‘Shock absorbers’: Korn Ferry says managers are carrying AI change that executives aren’t ready to lead
A Korn Ferry survey of more than 1,300 leaders finds managers absorbing AI uncertainty, while Gallup says just 25% of U.S. workers have heard a clear plan.
US sanctions Canadian money-exchange firms over Iran ties
US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program.
‘Very strange, very sad’: Paraguay bank collapse fells a presidency and leaves millions broke
Santiago Peña’s links to Ueno Bank scrutinized after crisis led to his house arrest and froze millions of bank accountsPedro Volpe had just woken up last Tuesday when he saw a mes…
Job cuts, lost customers and a £22bn debt pile: what has gone wrong at Virgin Media O2?
The company has lost 182,000 broadband and 644,000 mobile customers in two years and is operating in an increasingly competitive market competitionMike Fries may be totting up swi…
Trump may have lost but don’t bet Democrats can fix the economy
There’s not much they can do over the next couple of years to alleviate angry voters’ stress over pricesIt was the economy, again. Although Donald Trump largely ignored it, voters…
Bullying rates reach 68% at some colleges, on par with emergency services — and students angling for better grades are the biggest source
Thirty percent of our survey respondents reported that students pressured them for a better grade.
Xero CEO: Why America’s entrepreneurship boom is only half the story
Right now, we’re flying blind on owner outcomes.
‘Like being hit between the eyes with a sledgehammer’: Meet the one town in America that defied election trends and voted in favor of data centers
Harwood, North Dakota residents voted against an initiative calling for a slowdown in industrial developments like AI data centers.
Lanarkshire AI datacentre to fully rely on National Grid despite renewables claim
DataVita has revised plan for Chapelhall development to be wholly powered by 1GW of renewable energyA datacentre company that said it would power a massive AI development near Gla…
The lame-duck session gives Congress an opportunity to act on the national debt: $40 trillion is just the tip of the iceberg
Something has to change. But what can be done?
A new group of senators from both parties will vote on how to save Social Security. Here’s what they’ve said about it
From taxing higher earners to changing the retirement age, incoming lawmakers have offered different approaches to the funding gap.
Mark Zuckerberg’s fortune tops $200 billion. His 3 daughters won’t inherit most of it
The Meta CEO and Priscilla Chan pledged 99% of their shares in a 2015 letter to their newborn. Those shares were worth $45 billion then; his fortune now tops $200 billion.
Suspicious prediction market activity seen before election poll release: NYT
Bets were placed shortly before two recent New York Times/Siena political polls were released to the public, according to a report.
TikTok accused of helping to promote sex industry to girls
Researchers say popular performers covertly market OnlyFans content and tell followers about wealthy lifestyleTikTok is helping to promote and normalise the sex industry, allowing…
He went from washing lab equipment for $10 an hour to leading a $30 billion healthcare company. His advice to Gen Z: Raise your hand
Dexcom CEO Jake Leach says the secret to getting ahead isn't asking for a promotion—it's becoming the person willing to take on what others won't.
A ‘geologic freak’ called the Smackover may end America’s lithium dependence on China, and Big Oil is already there
Standard Lithium, EnergyX, Exxon and Chevron are betting direct lithium extraction can turn the Smackover into a domestic supply hub and cut the U.S. reliance on China.
Nvidia may face a more hostile post-election Washington: Report
CEO Jensen Huang’s relationship with President Donald Trump probably won’t save the company from a more adversarial Washington, Semafor says.
Can AI really save you money on your heating bill? I spent two years testing to find out
Samuel Gibbs doubted he could cut costs and still keep warm by putting tech in control. The results surprised himCan smart thermostats and AI reduce your heating bills? Every manu…
Nationwide launches savings account with ‘market leading’ 5.3% interest
Many experts think fixed rate on 30-month term will still look good after Bank of England raised base rateA savings account paying “market-leading” 5.3% interest was launched this…
Reform UK councillor promoted collapsed $1.9bn ‘Ponzi scheme’ HyperVerse that left victims suicidal
Susan Lawrence, elected to Wolverhampton city council, sits on committee overseeing financial reporting of multimillion-pound budgetA woman who promoted a notorious cryptocurrency…
'My mortgage is going up £200': How rising interest rates are hitting people's pockets
With UK interest rates set to rise, mortgages, credit cards and loans could get more expensive for millions.
The Guardian view on the AI backlash: American voters want a say in their future | Editorial
Tech stocks have lost trillions while voters have rejected the industry’s political champions. The billionaire-led boom is facing a democratic reckoningThis week’s midterms showed…
Elon Musk once said the Cybertruck would be Tesla’s ‘best product ever.’ Now he’s winding down production
Cybertruck sales fell 48% between 2024 and 2025, according to an estimate by Cox Automotive’s Kelley Blue Book.