Kamala Harris’ tax records reveal ‘fairly basic’ approach that may have missed savings, advisor says
As the de facto Democratic nominee, Vice President Kamala Harris’ financial records are under fresh scrutiny. Here’s what to know about her tax returns.
Britain cancels $1.7 billion of computing projects in setback for global AI ambitions
One of the funding commitments was for the creation of a next-generation exascale computer, which would have boosted the U.K.’s AI efforts.
Europe stocks close 2.8% lower, extending losses after weaker-than-expected U.S. jobs report
European markets extended losses Friday after the Bank of England narrowly approved an interest rate cut.
Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Nonfarm payrolls were expected to increase by 185,000 in July, according to the Dow Jones consensus estimate.
The end of the ‘carry trade’? How Japan’s yen could be ripping through U.S. stocks
The key driver of global markets is the yen exchange rate, according to one financial historian.
Exxon earnings beat as production in Guyana and Permian sets a record
Exxon Mobil on Friday posted its second-highest results for the second quarter in the past decade, helped by record production in Guyana and the Permian Basin.
UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates
Turkey blocks Instagram throughout country amid complaints of censorship of Hamas-related posts
The Turkish government did not disclose a reason for the ban nor how long it would be in place.
Nvidia reportedly faces a U.S. DOJ antitrust probe after complaints from rivals
The U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in AI chips, The Information reported.
Intel has worst day on Wall Street in 50 years, falls to lowest price in over a decade
Intel shares cratered on Friday, dragging down Asian stocks including Samsung and TSMC as well as other chipmakers.
