Alphabet joins $3 trillion club as shares hit record high
Shares in Google owner rise nearly 4% to $250, making it the fourth company to reach a $3 trillion market valuation amid a rally in AI-linked tech stocks.
Business & Markets News
Fed Widely Expected to Cut Rates as Markets Climb; BT and Sainsbury’s Face Strategic Shifts
Traders await a likely quarter-point Fed cut amid concerns about a market bubble while corporate manoeuvres at BT and Sainsbury’s reshape the UK retail and telecoms landscape.
Kering Confirms Data Breach After Hackers Claim Millions of Customer Records Stolen
ShinyHunters says 7.4 million email addresses were taken from Gucci, Balenciaga and Alexander McQueen customer records; Kering says no financial information was accessed
Sainsbury’s Shares Jump to Four-Year High as Rumours Swirl Over Argos Sale
Stock rises after talks with JD.com end; investors optimistic Sainsbury may divest the Argos division
Aldi warns Chancellor higher taxes will push food prices up ahead of Budget
Chief executive Giles Hurley says employer National Insurance and a packaging levy have already fed through to shelf prices as Aldi posts £18.1bn in UK and Ireland sales and plans £1.6bn expansion
AO World raises profit forecast and announces first-ever share buyback
Bolton-based online retailer upgrades full-year profits and plans up to £10m repurchase as it leans on AI and offshoring to manage rising costs
Bill Cosby’s Upper East Side Townhouse Listed at $29 Million as Foreclosure Suit Moves Forward
The 13,000-square-foot Gilded Age mansion at 18 E. 71st St. hit the market amid court filings alleging more than $17 million in defaulted loans and overdue taxes.
Manufacturing Gains Traction as Las Vegas Toursim Slumps; Furniture Factory Employs Hundreds
A Canadian furniture maker says its large Las Vegas plant and ties with UNLV show manufacturing can help diversify an economy hit by falling visitors, rising foreclosures and complaints about high prices
Reviewed: GM’s Cadillac and GMC EVs deliver luxury and range that challenge Tesla’s lead
Cadillac Lyriq, Escalade IQ and GMC Sierra Denali EV offer long range and premium interiors, but weight, pricing and brand dynamics may limit their ability to unseat Tesla