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Australian Retirement Costs Hit Record A$78,998 as Energy Bills Surge
Australia's comfortable retirement budget has climbed to A$78,998 for couples and A$56,166 for singles, driven by a 22.4% jump in electricity prices.
US Weighs $2.8 Billion Bomb Supply to Israel; Defense Firms in Focus
The US is preparing a $2.8 billion bomb sale to Israel, featuring 40,000 heavy bomb bodies, potentially benefiting defense contractors like General Dynamics.
Wells Fargo Trims S&P 500 Target to 7,700, Raises EPS Forecasts
Wells Fargo lowers its S&P 500 year-end target to 7,700, citing valuation concerns, while boosting EPS estimates for 2027-28.
Prime Missed $100M Exit; Alani Nu Sold for $1.8B
Logan Paul says Prime passed on a $500M PE offer, costing him $100M. Alani Nu's $1.8B sale to Celsius highlights the value of real transactions.
UK Wage Growth Cools, but Gilt Yields Stay Elevated on Oil Spike
UK private-sector pay growth slowed to 2.9%, but 10-year gilt yields near 5.4% on oil-driven inflation concerns ahead of BoE decision.
IRS 2027 Tax Brackets Projected: Top Rate Kicks In at $793,650 for Couples
Bloomberg Tax projects the 37% tax bracket will start at $793,650 for joint filers and $661,375 for single filers in 2027, based on a 3.2% inflation adjustment.
US Redirects $52M Military Aid to Latin America, Signaling Policy Shift
Washington redirects $52M in military aid to Latin America, a policy signal with limited near-term earnings impact for defense contractors like Lockheed Martin and RTX.
Swindon WHSmith Closure Highlights Post-Sale Split for TG Jones and WH Smith
TG Jones shuttered the former WHSmith in Swindon, marking a milestone in the private retailer's restructuring, separate from WH Smith's travel-focused operations.
Porter's Fuel Loan: A Tale of Two Figures
Porter Airlines' emergency fuel loan is reported at C$125 million or C$150 million, a discrepancy that underscores fuel cost pressure on Canadian carriers. Investors see wider divergence between Transat and Air Canada.