Will Lorca

Jim Beam is closing its Kentucky distillery for 2026 amid a bourbon glut caused by Trump's trade war. Bulk prices have fallen a decade, but 1,500 jobs are at risk.

Dec 22, 2025

Trump's executive order moves marijuana to Schedule III, affecting 6 million patients. Cannabis stocks plunge 27% amid fears of Big Pharma entering the market. GOP lawmakers warn of cartel threats.

Dec 19, 2025

US parents can claim $1,000 government investment accounts for children born between 2025 and 2028 starting July 2026. Experts warn against adding personal funds.

Dec 19, 2025

A federal judge orders agencies to reverse hundreds of Trump-era layoffs, but a looming January deadline and possible appeal leave workers on edge.

Dec 18, 2025

Tricolor CEO Daniel Chu received $6.25 million before his subprime lender's collapse, which left over 1,000 workers unemployed and lenders owed $900 million amid fraud allegations.

Dec 18, 2025

Nike's Q2 revenue is forecast at $12.2 billion, down 1%, with China sales seen falling 9% to $1.6 billion as rivals On and Hoka test Elliott Hill's turnaround push.

Dec 17, 2025

US unemployment is higher and more workers are on shorter hours as holiday spending shifts online, while luxury brands face falling sales and a slow recovery.

Dec 17, 2025

Unemployment reached 4.6%, a four-year high, amid 271,000 federal job losses and 909,000 trapped in part-time work. Black workers hit hardest at 8.3%.

Dec 17, 2025

UK–South Korea trade deal averts tariffs on £2 billion of exports, projects £400 million more in services, and opens £86.2 million in Korean public contracts for UK firms.

Dec 16, 2025

UK AI Growth Zones and a 20-fold public compute plan aim to spread benefits, but critics warn UBI can't curb the power held by 'robot owners'.

Dec 16, 2025

The Trump administration finalised tax rules after a 30-year wait, confirming tribal businesses are tax-exempt and unlocking capital for $43.9B in gaming and clean energy sectors.

Dec 16, 2025

Chinese billionaires have commissioned over 100 American babies via surrogates, exploiting birthright citizenship. FBI investigations are ongoing as Trump moves to close the loophole.

Dec 15, 2025

Over 1 million flats lack fast broadband as landlords ignore requests. New proposals would force 28-day response, tackling work and property value losses.

Dec 15, 2025

Amazon's $35B and Microsoft's $17.5B investments target India's businesses and informal workers, vying for control of payments, cloud, and logistics infrastructure.

Dec 15, 2025

Retail investors are shifting from AI stocks to gold and bonds amid fears of a bubble, as Michael Burry shorts Nvidia and Palantir, signalling increasing market caution.

Dec 12, 2025

UK commits to AI adoption for SMEs at G7, but 51% of business leaders lack expertise and a £10B NHS IT programme failed. Government track record raises doubts.

Dec 12, 2025

A man was murdered in Spain after kidnappers held him for hours trying to access his crypto wallets. Similar attacks have surged across Europe and the US.

Dec 11, 2025

Black Americans are more than six times as likely to have police called on them racially. Survey reveals 47% of white versus 22% of Black respondents rate experiences as 'mostly good'.

Dec 11, 2025

Identity theft victims surged from 43% to 78% in just one year. AI-generated scams are draining bank accounts, wrecking credit scores, and targeting children.

Dec 10, 2025

OpenAI's CEO criticised productivity tools as inefficient but hired Slack's CEO to lead enterprise sales, hinting at AI replacing traditional office software.

Dec 10, 2025

David Ellison offers $30 per share to buy Warner Bros., beating Netflix's $27.75 bid. Shareholders will choose between two contrasting visions for the company's future by 8 January.

Dec 09, 2025

Five often-missed federal tax credits worth up to £9B annually cover education, childcare, retirement, and energy. One expires on 31 December; file by 15 April.

Dec 09, 2025

Panel convened to maintain English law's 40% global market share. AI could automate 11% of legal work, but only 2% of firms have monetised the technology.

Dec 08, 2025

A woman in her seventies lost nearly another £1 million to a romance scam before ChatGPT confirmed her worst fears. Holiday crypto fraud has surged 300% as scammers exploit loneliness.

Dec 08, 2025

IRS guidance confirms W-2 forms remain unchanged, forcing servers and bartenders to manually track tips. Many lack records to claim up to $4,400 in savings by April.

Dec 08, 2025

Pubs in England and Wales could stay open until 1am during World Cup 2026 semi-finals and final—but only if home nations reach knockout stages.

Dec 05, 2025

A Republican bill would force Melania Trump, Elon Musk, and 5M Americans to renounce foreign citizenship within a year or automatically lose US status.

Dec 05, 2025

UK law now allows families to inherit crypto, but estates over £325,000 face a 40% tax within six months—regardless of whether heirs can access locked wallets.

Dec 05, 2025

Trump aims to bring Japan's $10,000 kei cars to America by 2028. Safety rules and state bans could delay or block them. Here are five models to watch if regulators approve the plan.

Dec 04, 2025