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Private sector is 'the right place' to solve AI threats, White House's Hassett says
Source: CNBC
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CNBC
What to watch as Treasury Secretary Scott Bessent testifies before Congress
Treasury Secretary Scott Bessent may face questions on rising energy prices, Federal Reserve policy, government debt and the Trump team's economic agenda.
CNBC
Trump calls Supreme Court mail ballot ruling 'big loss for Republicans'
President Trump blasted his three Supreme Court appointees for blocking a Postal Service rule that would have allowed mail-in ballots in November's elections.
The Guardian
Pensioners are ‘big winners’ with triple-lock set to rise by 3.9%, lifting state pension to £13,000 – as it happened
Wage growth – used to set triple-lock pension – slows to 3.9%, meaning state pension should hit £13,000 next year ‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable? If the state pension rises to £13,000 next year, it will probably breach the UK’s tax-free personal allowance (currently £12,570) – the amount you can earn before paying income tax. However, pensioners who don’t receive any other income should still be exempt from paying tax if the state pension exceeds the personal allowance. In the 2025 Budget the government announced the personal allowance would be frozen at its current level up to April 2031 . It also announced that pensioners whose sole income is the basic or new state pension would not have to pay small amounts of tax via simple assessment from 2027/28 if the new or basic state pension exceeded the personal allowance from that point . To
CNBC
No one and done: The Fed will hike at least two times over the next year, according to CNBC survey
While higher oil is cited as a main reason for the change in view, roughly three-quarters of respondents see the inflation problem as broader than just energy prices.
CNBC
10-year Treasury yield hits highest level since 2007 as traders bet a Fed rate hike is coming
The sell-off in U.S. government debt is deepening as investors price in an interest rate hike this week.
The Guardian
When is an ebike not an ebike? When it has a powerful illegal engine. Get this menace off our roads | Peter Walker
As a cyclist I want the authorities to act with clarity. Lime bikes and renters can be annoying, but the true threat is those who dangerously flout the law One of the curiosities of debates about cycling in the UK is that almost all of them centre on the place with the greatest concentration of not only bikes but also politicians and journalists: inner London. Inevitably this is just a small part of the story. Much of the current focus is on so-called share bikes operated by companies such as Lime and Forest – nippy electric-assist machines that can be picked up and left on pavements. On Saturday, a Guardian investigation revealed that councils in the capital have so far this year seized 3,393 dangerously parked or abandoned ebikes , a number 23% higher than the total for the whole of last year. Continue reading...