Some Americans squeezed by high prices are relying more on their local libraries for things like books, streaming services and high-priced items like musical instruments and sewing machines.
A new Democratic majority in Congress could pressure the president to end the war in Iran. But it will be harder for them to directly affect fuel prices, which are tied to a complex international oil market.
Future brightens for US developers in particular after election when voters rejected Trump’s war on clean energy After years as collateral damage in Donald Trump’s war on climate action, the Democrats’ sweeping triumph in the US midterm elections has emerged as a victory for the global renewable energy industry, too. Across the world’s financial centres the market value of renewable energy developers climbed as the election results confirmed the Republicans had lost control of the Senate and House of Representatives. Continue reading...
Democrats’ success was helped by popular anger over tech, AI and the super rich – life for billionaires could become much more difficult The photo of Silicon Valley centibillionaires at Donald Trump’s inauguration – Musk, Bezos and Zuckerberg, front row and side by side – now looks like a hitlist for a blue Congress hellbent on making life difficult for billionaires. The picture symbolized at the time the bending of the knee by the richest men in the world to its most powerful, a symbiosis of the ultra-rich. Already unfathomably wealthy, Silicon Valley tycoons believed a Maga-sized public shif
Gordon Brothers still in ‘active discussions’ with interested parties and seeking to ‘protect as many jobs as possible’ The US owner of Poundland has said the high street chain remains “challenged and vulnerable” after holding talks with ministers amid government criticism of its handling of the retailer. Gordon Brothers said on Thursday morning that it was still in “active discussions” with interested suitors and had been seeking to “protect as many jobs as possible”. Continue reading...
The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidates Elon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections. It turned out to be a poor investment. The SpaceX and Tesla CEO contributed at least $446m to Republican-aligned Super Pacs and groups over the course of the elections, specifically targeting several key Senate races in an effort to help the Trump administration retain Republican control of Congress. He outdid his own 2024 spending of ne
BC Partners reportedly walks away after player exodus LIV set to appear at bankruptcy hearing on Thursday The rebel LIV Golf tour’s attempt to relaunch itself after filing for bankruptcy has collapsed following the withdrawal of the new lead investor BC Partners, according to reports on Wednesday. The private capital firm made the decision to walk away after struggling to convince several star players to commit fully to the league going forward, the Financial Times and the Athletic reported, citing anonymous sources. Continue reading...
The real question in my mind is whether Democrats will take advantage of the new age of populism The great sleeping giant of the US has awakened, taken a hard look at what’s become of the nation, and roared a thunderous “NO!” What occurred on Tuesday was not – as some are saying – the inevitable midterm swing of the pendulum against the party in power. Texas hasn’t elected a Democratic senator since 1988. The last time Kansas elected a Democratic senator was 1932. Robert Reich, a former US secretary of labor, is a professor of public policy emeritus at the University of California, Berkeley. H
The 2026 edition of the tournament brought in untold amounts of money to Gianni Infantino’s governing body The total hasn’t entirely stopped rising yet, still clicking away towards a final tally. Still, Fifa has already announced that it surpassed its own lofty revenue projections for the 2026 World Cup, bringing in $15bn, significantly more than anticipated. It appears that a third of that total – $5bn – came from ticket sales and hospitality alone, per reporting from the Times. That would mean direct income from the matchgoing fans came in five times as high in the United States, Canada and