Latest business news and market updates
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Alan Milburn's upcoming report proposes a national pre-apprenticeship route in England to bridge the gap between school and work for young people. The scheme aims to boost skills, confidence, and work experience, addressing a sharp decline in youth apprenticeship starts and rising NEET figures. The government is considering the proposal alongside welfare reforms.
Prime Minister Andy Burnham announced plans to significantly restrict non-compete clauses in employment contracts, arguing they stifle innovation and hinder worker mobility. The move aims to free up talent for growing firms and startups, potentially impacting millions of UK jobs.
Amazon brings back physical page-turn buttons for its latest Kindle models, but only as an $80 accessory, sparking debate about user preference and device design.
Top Goldman Sachs executives, including CEO David Solomon, are set to receive a significant bonus pool of up to $500 million in stock. This payout, tied to the bank's strong five-year performance and stock appreciation, aims to retain key leadership.
Oil prices have eased following President Trump's pledge to halt attacks on Iran before the US midterm elections. SpaceX's move into the mobile market also impacts telecom stocks, while Hurricane Isaias causes Gulf of Mexico production halts.
A poll at San Francisco Tech Week revealed significant skepticism towards Anthropic's potential $3 trillion IPO valuation, with only three attendees willing to buy shares at that price. This highlights broader market uncertainties and the high bar for AI companies seeking public market validation.
A new report reveals the quintessential American Dream now costs an estimated $5.3 million, a 4.1% increase from last year. Key drivers include soaring homeownership and child-rearing expenses, pushing the dream further out of reach for many.
Stanford neuroscientist Andrew Huberman argues the ultimate AI race isn't about smarter models, but about non-invasively reading and altering brain activity. He predicts tech giants will become biotech firms, developing tools to enhance focus, learning, and stress management, potentially even controlling motivation.