The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
Introduction
Netflix-Warner deal would drive streaming market further down the road of ‘Big 3’ domination
Netflix's Hollywood studio offices at Sunset Bronson Studios in Los Angeles. Patrick T. Fallon / AFP via Getty ImagesWhen it comes to major U.S. industries, three tends to be the magic number.
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’
Home borrowing costs, like other long-term rates, are not directly controlled by the Fed – but they still feel its influence. athima tongloom/Moment via Getty ImagesWhat’s the point of monetary policy?
FCA to replace ‘unengaging’ EU disclosure rules for investors
UK regulator plans changes to avoid ‘information overload’ and boost investment
Hedge fund ordered to pay bonus to trader who made 97% of its revenues
Evolution Capital Management must pay Robert Gagliardi $5.4mn plus interest after High Court judgment
Berkshire Hathaway stock picker Todd Combs to leave for JPMorgan
Warren Buffett announces leadership shake-up at conglomerate
Update to lending and deposit spread of the Operational Standing Facility – Market Notice 8 December 2025
In line with the Bank's transition to a repo-led, demand-driven operational framework for providing reserves, the Bank is today announcing a reduction in the spread to Bank Rate of the Operational Standing Facility (OSF). This Market Notice confirms the new, recalibrated spread of the OSF at Bank Rate +15bps for the lending facility and Bank Rate -15bps for the deposit facility. As with all SMF facilities, the OSFs are 'open for business' and should be used by SMF participants for the purposes of liquidity management.
Trade deficit drops sharply in Oct, down 6 pct in 10M
Greece’s trade deficit fell sharply by 18.4 percent year-on-year (YoY) in October, after a drop of 13.6 percent in September, according to data released by ELSTAT on Monday.
FirstFT: Opposition grows to Netflix-Warner Bros deal
Also in today’s newsletter: China’s trade surplus hits $1tn and L’Oréal raises stake in aesthetic injectables group
It’s so hard to resist overspending at Christmas – here’s how to reinforce your willpower
Eterna Images/ShutterstockWe often throw caution to the cold, dark wind of December when it comes to spending. The cost-of-living crisis may slip our minds amid the razzle-dazzle of Christmas. We just want a moment to enjoy ourselves, to forget about the winter gloom. It’s natural for us to behave this way. Our brains are wired for it.
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