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IonQ shares rally after company says it made a major quantum computing breakthrough
Source: CNBC
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CNBC
Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Toms, which manages just over $4 billion in assets, says in the letter it is now one of Devon's top five shareholders.
BBC Business2 outlets
UK warned over ballooning debt costs and slower growth ahead of Budget
Higher energy prices due to the conflict in the Middle East and climate change could hit growth.
The Guardian
Manchester United report seventh straight annual loss despite record revenue
Net loss of £43m for year ended 30 June 2026 Revenue hits £677.6m and forecast to grow again Manchester United reported their seventh straight annual loss on Wednesday as costs related to player acquisitions and the sacking of Ruben Amorim this year pushed them deeper into the red. The wider loss comes despite drastic actions taken by the British billionaire Sir Jim Ratcliffe, the club’s minority shareholder and head of its football operations, to revive profitability, including by cutting jobs and raising ticket prices . Continue reading...
CNBC
Treasury yields little changed as oil price oscillates
Yields on U.S. Treasurys held steady early Wednesday, as oil prices were volatile.
CNBC
Trump-Xi meeting: Why China's self-sufficiency changes the calculus
Persistent growth of Chinese exports to the U.S. is helping the world's second-largest economy ride out ongoing domestic challenges.
The Guardian
UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks The Co-op has called on Andy Burnham ’s government to “create an environment where we have confidence and certainty to invest” which it needs to support “lifeline stores” in urban and rural communities across the UK. Kate Allum , the interim chief executive of the mutual who stepped in after the unexpected departure of Shirine Khoury-Haq last year, said: We have no intention of closing any lifeline stores. We have a big estate and we want to continue to invest but what we need is confidence. We don’t want unintended consequences of decisions. consumer confidence is pretty uncertain. We talk to our members all the time and the cost of living has been their number one concern for a significant period of time.