A new report from the Committee for a Responsible Federal Budget argues that deficit reduction is the key to solving America's affordability crisis: with the national debt at $40 trillion, debt-to-GDP near 123%, inflation at 3.4% and the Treasury paying $3 billion a day in interest, stabilising the debt would lift real per-person income growth by 10% over three decades — nearly $36,000 per household versus a high-debt scenario — while a 1.5-point rate decline would save families $5,800 a year on a $500,000 mortgage.
Donald Trump made more than 1,000 stock purchases and sales worth between $79m and $270m in July, a Guardian analysis of his latest financial disclosure found, including up to $25m each of Amazon and Microsoft stock sold on a single day. The White House says the portfolio is independently managed through index-replicating model accounts, even as the House passes a Trump-endorsed trading ban that exempts the president himself.
When beloved New York taqueria Los Tacos No 1 accepted undisclosed funding from private equity firm TSG Consumer in September 2026, social media declared it 'the beginning of the end'. The backlash, amplified by TikTok lists of restaurants to avoid, exposes a deeper collision: an industry where PE firms invested $94.5bn between 2014 and 2024, where almost half of 2024 restaurant bankruptcies were PE-backed, and where a younger generation of consumers now treats ownership structure as a quality signal.
The Resolution Foundation argues Britain's productivity is improving in recent years despite official figures pointing to further deterioration, rejecting both AI-boom and sectoral-reshuffling explanations and suggesting the economy may be emerging from the long shadow of the 2008 financial crisis.
Paramount Skydance settled a lawsuit led by California with a dozen US states, removing one of the final hurdles to its $110bn (£82.8bn) merger with Warner Bros Discovery. The agreement includes a quota of at least 30 films a year, US production percentages, an editorial independence board for CBS News and CNN, and a $17.5m payment into the Writers Guild of America health fund.
Amazon was granted warrants to buy up to about 1.69 million Generac shares worth roughly $340 million, tied to an up-to-$8 billion deal for backup power generators for its data centres; Generac shares jumped more than 40 per cent.
Clearlake Capital, the majority owner of Chelsea Football Club since 2022, has acquired the remaining stakes held by chairman Todd Boehly and Los Angeles Dodgers owner Mark Walter, taking full control of the club. According to a report by the Financial Times cited by CNBC, Boehly and Walter will receive a combined £950 million (about $1.27 billion), valuing the club at £5 billion. Boehly is stepping down as chairman, while Chelsea said there will be no changes to day-to-day operations, leadership or strategy.
