In BIG PICTURE NEWS, the Fed looks increasingly likely to cut interest rates, France announces a spending freeze, UK borrowing and income tax receipts boom while Reeves is under pressure and gold storms ahead. In BUSINESS & INVESTMENT TRENDS, PwC faces a ban, China considers tariff retaliation, the MSCI cut more Chinese stocks and BlackRock edges away from ESG. In RETAIL NEWS,US consumers seek out the bargains, Sephora pulls back from China, Waitrose has expansion plans, Asda's owners are under pressure and Shein considers its options. In MISCELLANEOUS NEWS, Ford gives up on an electric SUV, OpenAI opposes a Cali AI safety bill, the tech industry looks at old power stations and UK unions push for "pay restoration". AND FINALLY, I bring you some bloke climbing a wall...
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