Sterling dropped to its lowest level since April, hitting $1.30 after the Chancellor delivered a speech that basically screamed “more taxes are coming.” Markets didn’t love it. The pound fell 0.46% against the dollar and 0.32% against the euro to €1.14.

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Here’s a fun plot twist: just as wealthy Brits are eyeing the exit door, Rachel Reeves might slap a toll booth on their way out.

London’s property market is losing its shine. While house prices across the UK are set to climb steadily over the next five years, the capital’s expected to limp along at the back of the pack.

Your local’s survival just got a lot harder. Rachel Reeves’ Budget tax increases have pushed almost 5,000 UK pubs to the brink of insolvency—a 14% jump from last year.

Wall Street’s going blockchain, and JPMorgan just made it official. The banking giant completed its first-ever blockchain-based private fund transaction using a new tool called Kinexys Fund Flow. Think of it as the express lane for moving money in and out of alternative investments—no paper trails, no waiting around, just real-time settlements powered by tokenised data.

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Will Abu Dhabi’s Ambitious Play to Rival New York, London, and Singapore pay off?

Computing power is the new oil, and OpenAI just signed a $38 billion cheque to Amazon to prove it. The seven-year AWS partnership isn’t just about keeping ChatGPT running—it’s a signal that the AI infrastructure wars have entered a new, eye-wateringly expensive phase.

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Last week’s top story

The guy who predicted the 2008 housing crash just dropped a bomb on tech stocks. Michael Burry — yes, that Michael Burry from “The Big Short” — revealed he’s purchased over $1 billion worth of put options against AI darlings Nvidia and Palantir. Markets didn’t take it well. Nvidia dropped 5% from its Monday peak, Palantir tanked 8.5%, and the rest of Big Tech got dragged down too. Is this the dot-com bubble all over again, or is Burry finally wrong?

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