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The UK government has introduced Your First Home, a £4.7bn initiative designed to assist 70,000 first-time buyers in England in purchasing new-build residential properties. The scheme was announced earlier this month by Andy Burnham and detailed in the chancellor’s budget announcement.
The program offers government-backed equity loans equal to 20% of a property’s purc...
The budget announced this week introduced significant changes to taxation on savings income across the United Kingdom. Chancellor John Healey retained a decision by his predecessor Rachel Reeves to increase tax rates on savings and property income, but expanded those increases by adding an additional two percentage points to each rate tier. The new tax rates will take effect...
The AARP Public Policy Institute released research examining Social Security’s financing challenges, attributing part of the program’s vulnerability to structural changes in the U.S. economy rather than aging alone. The analysis shows that if taxable payroll had maintained its 1983 share of GDP at 41%, the program could extend solvency by 25 additional years beyond the proje...
Advanced Micro Devices reported third-quarter results that exceeded Wall Street forecasts, with total revenue climbing 45% compared to the prior year and data center sales approaching a doubling from the year-ago period. The company’s stock initially advanced 8% in extended trading before moderating as election-related market movements unfolded.
Data center operations...
Moderna reported third-quarter results that exceeded Wall Street expectations, prompting the biotech company to increase its full-year revenue guidance. The company now projects 2026 revenue growth between 15% and 25%, raising its prior forecast of up to 10% growth.
Third-quarter revenue climbed 29% year-over-year to $1.31 billion, bolstered by international Covid vac...