Stock slumps, pulled IPOs and rising spreads on credit default swaps this week sets stage for hyperscaler earnings.
Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
Source: CNBC
Original reporting
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BBC Business
White House lifts tariffs on some Canadian goods as midterm elections loom
From 30 October, tariffs will be eased on some products, including certain machinery, and placed on others, such as carpets.
BBC Business
How does the UK state pension compare with other countries?
Do British pensioners have it better or worse than those in other countries?
BBC Business3 outlets
UK to invest £100m in 'world first' AI Biosecurity Lab
The chancellor will unveil AI spending aimed at shoring up the UK's defences in Wednesday's Budget.
CNBC
Moody's holds steady on France's credit rating as country grapples with turmoil and higher yields
Moody's left its credit rating on France at Aa3, giving the country some relief in a week of unrest.
CNBC
Trump's executive order targets mortgage insurance, refinance costs. What it means for borrowers
Trump's executive order on housing aims to lower mortgage costs. Here's what it means for homeowners and buyers.
The Guardian
Trump drops some Canada tariffs in bid to boost embattled Susan Collins in Maine
Republican senator faces critical re-election battle in state where president’s trade war has outraged voters Donald Trump dropped some of the US’s tariffs on Canada on Friday to “better serve the public interest” the White House said, handing a win to Susan Collins, the embattled Republican senator for Maine, as she faces a tight re-election campaign that will help determine whether Democrats can flip control of Congress. Collins announced that the exemptions would apply to nine agricultural products, including blueberries, potatoes, apples and seaweed. She added that many of the state’s farmers rely on specialized equipment and materials from across the border that are “unavailable from American suppliers or cannot be replaced without incurring significant expense”. Continue reading...