Author: Admin

Reddit mascot rings the opening bell, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024.Brendan McDermid | ReutersReddit shares rose 11% in extended trading on Thursday on the social media company’s inclusion in the S&P 500.The tech company, known for a variety of topical message boards, will join the S&P 500 on Aug 18, replacing AvalonBay Communities Inc., according to a S&P Dow Jones Indices announcement.Companies often see their stocks climb when they’re added to major indexes because fund managers who trace the benchmarks have to buy shares to match the changes.Reddit becomes only…

After years of being told to spend our pensions last because they could be handed down free of inheritance tax, a new rule coming in from next April flips that guidance on its head. From 6 April, 2027, most unspent pensions passed on will be included in the estate for inheritance tax (IHT) purposes and could be taxed at 40%.The move has triggered a big change in behaviour, with many over-55s (the earliest you can currently take your pension) withdrawing more of their money sooner rather than later, often to help out younger generations. Experts are cautioning about knee-jerk financial…

“Physical AI,” which combines artificial intelligence with Japan’s manufacturing prowess, embodies the wager at the heart of Prime Minister Sanae Takaichi’s economic blueprint. (Nikkei illustration)Policy AsiaPM hopes AI and targeted investment can lift productivity and tame debtAKANE OKUTSU, TSUBASA SURUGA and SHOTARO TANIAugust 14, 2026 06:00 JST

American seniors pay dramatically more for brand-name prescription drugs than patients in 19 comparable countries, and the gap keeps widening each year. AARP published a new report examining 25 top-selling brand-name drugs that account for more than $100 billion in annual Medicare spending. The findings arrive at a critical moment, with a federal subsidy program ending after 2026 that currently holds down premiums for standalone Medicare drug plans. Together, the pricing data and the subsidy expiration create financial pressure on roughly 25 million Americans enrolled in Medicare Part D coverage. The report strengthens the case for drug price negotiation, a…

Microsoft has begun to integrate its consumer and enterprise Copilot apps, starting a process that will culminate in a super app planned to feature chat, coding, and autonomous functions. The company said that it is starting to roll out a unified experience across the two platforms, beginning this week with a small subset of users. Users will start to see changes in navigation, feature availability, and sign-in experience. This includes a color-coded cue to help users identify whether they are logged into their business or personal accounts. Most of the changes will be felt by Copilot consumer users, with some…

Last December, core members of Private Equity International’s global editorial team shared their thoughts on what we’d have our eyes on in 2026. Half a year on, we thought we’d revisit these topics to assess the impact they’ve had on the market so far. In the CV space – an area I said would attract more interest for both good and bad reasons – deal volume hit a new record.

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks after the company’s initial public offering at the Nasdaq MarketSite in New York on May 14, 2026.Michael Nagle | Bloomberg | Getty ImagesCerebras Systems raised its full-year guidance in the second earnings report following the chipmaker’s initial public offering in May. But the stock tumbled about 14% in extended trading. Here’s how it did in the second quarter versus LSEG consensus estimates:Revenue: $180 million, versus $194 million expected Loss per share: 5 cents adjusted, versus 17 cents expectedCerebras said in a statement on Wednesday that it expects core revenue of between…

An aerial view of Workday headquarters on Feb. 6, 2025 in Pleasanton, California. Justin Sullivan | Getty ImagesWorkday shares popped more than 18% on a report that private equity firm Silver Lake is in talks to buy the human resources software maker. Shares were halted multiple times in late afternoon trading and the company’s market value last topped more than $50 billion following the report from Reuters. The discussions have been ongoing in recent months, Reuters reported, citing sources familiar with the matter. Workday and Silver Lake did not immediately respond to CNBC’s request for comment.Concerns that artificial intelligence tools…

An ability to mimic the shrieks of langur monkeys may not seem like a bankable skill, but for some Indians it has become a job, if not a calling. These vocal professionals specialise in pest control and are being employed to keep out unwanted primates as Delhi prepares to host the badminton world championships. The sound of the langur is the only effective deterrent to the smaller rhesus macaques that roam around Delhi in large numbers, stealing food and causing havoc. Here is more from the Times of London. The post Those old (new?) service sector jobs appeared first on…

Peru’s central bank sees no need to raise interest rates Investing.com