US credit card defaults reach highest level since 2010
A sharp rise in US credit card defaults has caught the attention of analysts, marking the highest delinquency rate since the post-2008 crisis period. The increase is driven by tightening credit conditions and consumer strain as interest rates remain elevated.
Nvidia rejoins $3 trillion club after stock surge
Nvidia has re-entered the $3 trillion market cap tier, with its stock rallying 50% since April. The surge follows a major AI collaboration with a Saudi-backed investment firm, reinforcing Nvidia’s dominance in the global chip and AI sectors.
Gold nears record as US-China optimism lifts demand
Gold prices continue to rise, edging close to an all-time high near $3,230. The gains reflect investor confidence in gold as a safe haven amid cautious optimism over improving US-China trade relations.
UnitedHealth appoints new CEO with £790k base salary
UnitedHealth Group has named a new CEO with a base salary of $1 million (£790,000), following the sudden exit of Andrew Witty. The move signals a leadership reshuffle at one of the world’s largest healthcare firms.
Trump-backed tax bill outlines sweeping cuts
A draft tax bill backed by former US President Donald Trump proposes extensions of several expiring tax cuts, alongside new measures aimed at individual and corporate taxpayers. The bill is already drawing debate over its fiscal impact.
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