Writing the summary…
Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
Source: CNBC
Original reporting
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CNBC
Oil’s safety net is fraying as Saudi Arabia races to restart a key pipeline
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
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
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.
BBC Business2 outlets
State pension likely to top £13,000 a year as UK wage growth slows to 3.9%
The rise has reignited the debate about the state pension's long-term affordability and generational fairness.
CNBC
GM launching new customer software experience with redesigned Chevy, GMC pickups
The new system comes as vehicles are becoming more digital, leading GM to also redesign its organizational processes.
CNBC
Trump’s opposition to AI rules undercuts industry's calls for a slowdown
Anthropic and OpenAI have called for mandatory safety checks to be put in place as fears intensify that AI can soon be too powerful to control.