A shift in congressional oversight could result in increased legislative examination regarding the administration's approach to ongoing conflicts in Ukraine and Iran.
Despite potential hurdles from Capitol Hill, the executive branch maintains substantial authority over international relations and global policy decisions. Additional information is expected to emerge as the situation develops.
Earlier reports and follow-ups on the same developing story.
One of Poundland's suppliers will lose millions if it collapses, while other suppliers have said they would go under.
Democrats’ capture of Congress raise expectations of tougher regulation of AI sector; US stock futures turn positive, reversing earlier declines Over here, stock markets have risen this morning, with banks and clean energy stocks leading the gains. The FTSE 100 index in London is 24 points, or 0.2% ahead. The pan-European SToxx 600 index gained 0.6%, with Germany’s Dax almost 0.6% ahead and France’s CAC up 0.4%, and Italy’s FTSE MiB index jumping almost 1.4%. Overall, these results have had a mild impact on markets so far. Investors will move on from trading the uncertainty of the election results to trading the reality of what they mean for policy. This is bad news for Tesla and SpaceX on Wednesday, but the semiconductor names, the backbone of the AI trade, could brush off concerns about AI regulation and continue to move higher after Tuesday’s stunning rally for the sector. The signif
Elon Musk's spending may have become a liability as voters in exit polls raised concerns about government corruption and the growing influence of billionaires.
Precious metals saw strong gains on Tuesday morning, as investors digested a Democratic sweep in the U.S. midterm elections.
Deal would be worth more than £2bn Cadillac are jointly owned by Mark Walter Liverpool’s owner, Fenway Sports Group, has held talks about buying a majority stake in the Cadillac Formula One team for more than £2bn as Mark Walter continues to sell off his sporting assets amid allegations of insurance fraud. Cadillac entered F1 this year as a joint venture between General Motors and Walter’s TWG Global, which sold its controlling interest in the NBA’s Los Angeles Lakers and a 13% stake in Chelsea this summer, and is also looking to sell Los Angeles Sparks, the WNBA team. Continue reading...
Sales and profit from clothing and homeware remain below two years ago but ‘brand is in good health’ Marks Spencer has said a devastating cyber-attack that shut down its website last year continued to hurt clothing sales over the summer, more than a year after the hack. The retailer said profits bounced back to a better than expected £355m in the six months to 26 September from only £3.4m a year before, as it partly recovered from the hack. The attack, which began over Easter 2025, forced it to shut its website, which sells clothing and homewares, for more than six weeks. Continue reading...