Britain will cut the tax-free cash ISA allowance from £20,000 to £12,000 starting 2027, aiming to redirect household savings into the stock market and support economic growth.👉 Over-65s will retain the full £20,000 allowance. The announcement by Finance Minister Rachel Reeves immediately lifted shares of online brokers: 🔍 Key Context 📈 Expert Views Whether this...
The FDIC has approved new rules easing the enhanced supplementary leverage ratio, reducing how much capital banks must hold against low-risk assets — marking one of the first major rollbacks of post-crisis regulation. Key Highlights 📉 $13B reduction in required capital for large global banks (<2%)🏦 Depository subsidiaries see a 27% drop, equal to $213B📅...
Barrick Mining’s interim CEO Mark Hill confirmed the company remains fully committed to the $7 billion Reko Diq copper-gold project in Pakistan, after speculation it might pull out. 📌 Reko Diq — one of the world’s largest undeveloped copper deposits• 50/50 partnership between Barrick and Pakistan• Production expected by end-2028• Adds 13 million oz to...
U.S. tech stocks continue to dominate market gains — but their earnings contribution is slipping, widening a valuation gap that analysts warn could amplify downside risk. 📉 Tech share of S&P 500 earnings:• 20.8% in Q3, down from 22.8% three quarters earlier. 📈 Tech share of S&P 500 market cap:• 31.1%, up from ~30% at...
Alphabet is poised to hit a historic $4 trillion market valuation, driven by a powerful year-long rally and the company’s intensified focus on AI innovation across Google’s ecosystem. Shares rose 4.1% to $331.70 in premarket trading on Tuesday — enough to push the tech giant past the milestone at the opening bell. If achieved, Alphabet...
Australia’s Federal Court has ordered United Super—trustee of the Construction and Building Unions Superannuation Fund (Cbus)—to pay A$23.5 million (US$15.17 million) for systemic failures in processing death and disability insurance claims, the Australian Securities and Investments Commission (ASIC) announced on Tuesday. The breaches affected more than 7,000 claimants, with delays in handling death benefits and...