By a 5-4 vote, Bank of England (BoE) officials held the central bank’s interest rate untouched at 3.75 percent last week, as economists had expected.
ECB HOLDS INTEREST RATE STEADY
The European Central Bank rate-setting committee (ECB) left the bank’s key interest rate at 2 percent last week.
LAST WEEK: A STUMBLE, THEN A BOUNCE TO A NEW RECORD
Stock prices sank on Tuesday, Wednesday, and Thursday last week as investors showed new concerns about whether massive investments in artificial intelligence (AI) will ever return a profit.
TRUMP’S POLITICAL GANG RAISES $429M BEFORE MIDTERMS
President Donald Trump may be sinking in the polls, but he continues to benefit from having a massive funding stockpile that could help influence this year’s Midterm Elections.
WHILE DADDIES PLAY GOVERNMENT, SONS PLAY CRYPTO BUSINESS TYCOONS
President Donald Trump and his family have made a new fortune in the crypto game and he is bringing Steve Witkoff’s adult son along for the ride, according to a report last week in The Wall Street Journal that went into great detail on how World Liberty Financial has been the key money-maker, and is generating “cash far faster than the president’s decades-old real-estate business.”
CHINA HAWK WINS SNAP ELECTION IN JAPAN TO THE DELIGHT OF THE TRUMP ADMINISTRATION
Sanae Takaichi, Japan’s prime minister, won a snap election on Sunday, drawing praise from the Trump administration because of her hawkish approach to China.
DEATH OF JOURNALISM: BILLIONAIRE BEZOS GUTS WASHINGTON POST’S NEWSROOM
The Washington Post, one of the U.S.’s top papers, fired roughly 300 of its reporting staff to try to get a grip on its expenses as the paper experienced a drop in advertising revenue, which prompted criticism of Jeff Bezos, the billionaire owner of the newspaper, for ignoring calls to save the jobs.
AMAZON SEES TAX BILL FALL AFTER TRUMP’S CUTS
President Donald Trump’s tax cuts helped Jeff Bezos’s Amazon save billions of dollars in 2025 compared to the year before, despite the company seeing a 45 percent jump in profits, according to a report.
ALPHABET, NOT OPENAI, “HAS THE HOT HAND” IN AI NOW
Seen as trailing the pack of AI competitors a year ago, Google parent company Alphabet has now taken a leading spot after its Gemini Model 3 AI received stellar reviews and the company is reporting AI is driving “revenue and growth across the board” with both business customers and individual consumers, CEO Sandar Pichai said in an earnings call last week.
BILLIONAIRE GRIFFIN CALLS OUT TRUMP’S GRIFT
Ken Griffin, the billionaire founder of Citadel, offered rare criticism of President Donald Trump from a business leader last week when he raised questions about the Trump family’s business dealings and its pay-to-play tactics.