Writing the summary…
Higher rates are wreaking havoc on these two ETFs. Traders see one bouncing back
Source: CNBC
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CNBC
Jamie Dimon has a plan to revive the West: A 'big, beautiful' deal with Europe
"Many of the current disputes between Europe and the U.S. are minor compared with this agreement's size and benefits," the JPMorgan boss wrote this week.
The Guardian
UK government pays highest interest rate on 10-year debt since 1999 at bond auction – business live
Rolling coverage of the latest economic and financial news Newsflash: the number of mortgages approved by UK lenders has fallen to its lowest level since the end of 2023. Just 54,918 new home loans were approved in August on a seasonally-adjusted basis, new Bank of England data shows, as rising borrowing costs deterred potential home buyers. The average 2-year fixed residential mortgage rate today is 5.93%. This is up from 5.91% the previous working day. The average 5-year fixed residential mortgage rate today is 5.94%. This is up from 5.93% the previous working day. Continue reading...
CNBC
Meta launches Muse for Small Business as Zuckerberg pushes beyond consumer AI market
Following the success of its Muse personal AI agent, Meta is introducing a specialized version for small businesses.
CNBC
Nvidia's record buyback shows chipmaker's stock is too cheap for CEO Huang to resist
Nvidia is looking to spend hundreds of billions of dollars buying its stock at a time when it's historically cheap based on earnings expectations.
The Guardian
M&S links up with Sephora to lure younger shoppers
Beauty specialist will open branded areas in 100 Marks Spencer stores and will sell its products on chain’s website Marks Spencer is has signed a deal with Sephora to open areas under the beauty brand’s name within its stores, in its latest tactic to attract younger shoppers. The French retailer is set to launch branded areas staffed by Sephora employees in 100 M S stores and sell through the British retailer’s website in spring next year. Continue reading...
CNBC
IRS sends notices on Saver's Match to taxpayers who might qualify for new benefit, worth up to $2,000
The new program, which will give eligible savers a federal match for contributions to their retirement accounts, starts in 2027 and replaces the saver's credit.