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Trump promised a steel mill in this rural Iowa region. But is it all a midterm election ploy?
Trump announced a $15 billion steel mill project for rural Iowa weeks before midterm elections, but skepticism abounds over whether it will materialize, with comparisons drawn to failed manufacturing promises from his first term.
Ex-FBI chief in Chicago sues DoJ, claiming he was pressured to investigate Trump’s foes
A former FBI official in Chicago has sued the Department of Justice, alleging he was pressured to investigate Trump’s political opponents and made a scapegoat after a major prosecution collapsed.
Salon owners in Brierley Hill urge Budget VAT cut as staffing pressures grow
Over 2,000 salon owners have signed a letter urging Chancellor John Healey to reduce VAT on hair and beauty services from 20% to 10% in this week’s Budget, citing rising costs and staffing pressures.
Drive reindustrialisation from No 10 North or risk failure, MPs tell Burnham
Over 90 Labour backbench MPs warn that reindustrialization efforts must be directed from a Manchester-based office to succeed, calling for new legislation and accountability measures.
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Mortgage rates hit their highest level in a year, driven by war and inflation concerns
Mortgage rates reached 6.66% this week, their highest level in a year, as geopolitical tensions and inflation concerns drive broader economic pressures on the housing market.
UK petrol price hits Iran war high, adding to pressure on households
UK petrol prices have reached 160p per litre, the highest level since November 2022, as Middle East tensions escalate and threaten household budgets ahead of summer holidays.
Better off together: could combining pension pots boost your retirement income?
More people are accumulating multiple pension pots due to job changes and auto-enrolment rules. Consolidating pensions can simplify management and reduce fees, but experts warn it requires careful consideration of existing benefits.
Disney tops earnings estimates as parks and streaming offer a boost
Disney surpassed earnings estimates in its fiscal third quarter as theme parks and streaming divisions drove growth, with parks revenue up 10% and streaming revenue climbing 11%.
Novo Nordisk CEO defends economics of Wegovy pill as lower prices weigh on sales; shares fall
Novo Nordisk’s CEO defended the profitability of its Wegovy pill despite pricing pressure, as the company raised full-year guidance but shares fell following mixed quarterly results.
SpaceX dives 12% after AI spending surge rattles investors
SpaceX shares declined 12% after the company reported a sixfold jump in capital expenditures to $18.4 billion, driven primarily by AI spending that concerned investors despite beating revenue expectations.
AMD plummets 8% in premarket trading despite beating expectations
AMD stock fell 8.7% in premarket trading despite reporting second-quarter revenue of $11.54 billion, exceeding analyst expectations, as investor sentiment toward the chipmaker cooled.
Kenya’s stock exchange plans East Africa’s first AI-focused ETF
Kenya’s Nairobi Securities Exchange plans to launch East Africa’s first AI-focused ETF before year-end, offering local investors easier access to artificial intelligence stocks.
Oil prices rebound after Houthis say they attacked Saudi tanker
Oil prices rose after Houthi rebels claimed to attack a Saudi oil tanker in the Red Sea, reversing gains from earlier peace talk optimism that had driven prices down.
CVS raises annual profit forecast on improved drug revenues
CVS Health raised its 2026 adjusted profit per share forecast to $7.90-$8.10 from $7.30-$7.50, citing strong pharmacy drug revenues and government health plan bonus payments.
Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge
Eli Lilly topped second-quarter earnings and revenue estimates while raising its full-year guidance, driven by strong sales of its weight-loss drug Zepbound and diabetes treatment Mounjaro.
Tariff refund drives Q2 profit at Delta Galil
Delta Galil’s second-quarter sales rose 9% to $511.6m, with net income increasing to $34.4m, boosted by tariff refunds and strong operational performance.