In BIG PICTURE NEWS, the US launches strikes on Iran, oil inventories fall further, the Pentagon commits over $120bn to Patriot missiles, the Fed keeps rates on hold, US borrowing costs hit a 19-year high and the FTSE100 reaches record levels. In TECH NEWS, we see the latest in chips, data centres and Meta's stumble. In BUSINESS, INVESTMENT & CONSUMER TRENDS, we see consequences of the wildfires, real estate developments, how AI is being used by in-house legal teams, the prospect of another potential foreign takeover and some consumer trends. In MISCELLANEOUS NEWS, UBS and Deutsche Bank join the bonanza, Standard Chartered launches a $1bn buyback, Grant Thornton announces a massive takeover, BMW announces job cuts, Ferrari hits 2026 sales targets for the Luce and Airbus sees booming profits. AND FINALLY, I bring you some techno-classical music...
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