Writing the summary…
Oil’s next test: Saudi Arabia races to restore a key safety valve for prices
Source: CNBC
Original reporting
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CNBC
10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise
The sell-off in U.S. government debt is deepening as investors increasingly price in an interest rate hike this week.
The Guardian
Pensioners are ‘big winners’ with triple-lock set to rise by 3.9%, lifting state pension to £13,000 – business live
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
The Guardian
Channel 4 poaches Paramount’s TV ad sales business from Sky
Exclusive: Move is a big boost for Channel 4, days after it announced it is to cut 340 jobs Business live – latest updates Channel 4 has poached Channel 5 owner Paramount’s £300m-plus TV advertising sales business from Sky, in a huge boost days after the broadcaster announced it is to cut 340 jobs. The win is a big win for Channel 4, which relies on advertising for about 90% of its £1bn in revenues. Continue reading...
CNBC
Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
Oil and 10-year Treasury yields are moving in near lockstep, with their correlation at its strongest since 2019.
CNBC
Wall Street weighs prospect of an AI slowdown on data center buildout
Investors see a potential AI slowdown as problematic for companies tied to the data center buildout.
CNBC
Children's clothing retailer Carter's is rebranding to appeal to a new generation of parents
Children's clothing brand Carter's is announcing a rebrand as it tries to keep up with the modern parent and its core customer base.