FINANCE & BANKING

US mortgage rates hit 7.12% as ARM applications climb, offering lower initial payments but exposing borrowers to future rate resets

Elon Musk joked about Berkshire Hathaway's Coca-Cola investment after its 400 million shares generated roughly £526 million in 2022, with annual dividend income projected to rise further.

Sir Evelyn de Rothschild led N M Rothschild through privatisation, international expansion and the City's Big Bang, preserving the family bank's independence until its 2003 merger.

The US House backs legislation to end penny production, round cash totals to five cents, and keep existing one-cent coins as legal tender.

OpenAI's ChatGPT for Financial Services automates research, modeling, and pitchbooks, helping cut down the 100-hour workweek and boost productivity with AI-driven financial analysis.

Tatsiana Masiuk, with extensive experience in international finance, served as a jury member for the Eurasian Entrepreneurship Award, assessing entries on financial logic, scalability, and regulatory resilience.

FSB Chair Andrew Bailey warns frontier AI could accelerate cyberattacks and amplify financial risks through shared technology providers

Georgia residents can claim their share of the $240M SunTrust overdraft settlement. Eligible customers could receive up to $1,000. Act before the 14 September 2026 deadline.

A technical glitch disrupted mobile and digital services for Lloyds Bank, Halifax, and Bank of Scotland, leaving thousands unable to access their accounts and sparking widespread complaints.

Nike's stock has dropped below $40 (£29.55) for the first time in over a decade, raising concerns about its turnaround strategy. Analysts are sceptical, with mixed forecasts on the company's recovery.

Companies face challenges in measuring AI spending, leading to the rise of tokenomics. The Linux Foundation's Tokenomics Foundation aims to establish standards for evaluating AI investments.

Ela Bilgin discusses the challenges outdated banking infrastructure poses during the $84 trillion Great Wealth Transfer, emphasising the need for modernisation to meet digital-native clients' expectations.

Michael Burry says Berkshire has lost Buffett's patience as Greg Abel deploys cash and steps up share buybacks

Sheikh Ahmed Dalmook Al Maktoum runs infrastructure deals on 16-year timelines. What investors can verify, and what still rests on his firm's own accounting.

AI infrastructure spending is now the largest driver of US economic growth, preventing a recession, according to Columbia economist Stijn Van Nieuwerburgh. However, concerns about debt financing are rising.

The attempted campaign suggests AI-powered impersonation is becoming a scalable cyber threat, shifting attacks from breaking systems to manipulating people.

The Dow topped 54,000 and the S&P 500 hit a record as tech rebounded, but the recovery in US retirement accounts now leans on a narrow set of AI stocks.