Money Moves

Apple Inc. achieved a market valuation of over $4 trillion for the first time, becoming the third company in history to reach this landmark, following Microsoft and Nvidia. The increase in market value is attributed to strong consumer demand for Apple’s latest iPhones, which have outperformed their predecessors in sales. Since reaching a low point […]

OpenAI has transitioned to a for-profit model, a strategic move aimed at raising significant investment funds and possibly facilitating a stock market listing. This shift alters the longstanding partnership with Microsoft, which has now secured a 27% stake in OpenAI. The collaboration dates back to 2019 when OpenAI operated as a non-profit dedicated to artificial

The Equality and Human Rights Commission (EHRC) emphasizes its commitment to the practical application of equality law in everyday situations, especially following the Supreme Court’s clarification of the definition of “sex” under the Equality Act in April. The EHRC has been active in ensuring that businesses receive clear guidance on how to comply with the

Residents in parts of Norfolk are receiving support to help mitigate rising household expenses as winter approaches. The King’s Lynn & West Norfolk Borough Council is initiating a series of “Beat the Bills Roadshow” events in various locations, including Hunstanton, Downham Market, and Dersingham. The program aims to address financial concerns before they escalate to

Offshore windfarm companies in the UK may receive exemptions from new environmental regulations aimed at protecting natural habitats, according to sources. Energy firms are expressing concerns that stringent rules for nationally significant infrastructure projects (Nsips) could hinder their ability to construct the number of wind turbines necessary to meet government renewable energy targets. The energy

Amazon has announced plans to reduce its global corporate workforce by approximately 14,000 positions, affirming the need for a more streamlined organizational structure to capitalize on opportunities related to artificial intelligence (AI). This decision comes after earlier reports indicated that the company might cut as many as 30,000 jobs. Beth Galetti, a senior vice president

The UK government is grappling with a larger-than-anticipated gap in public finances as preparations are made for the upcoming Budget next month. A downgrade in the country’s productivity performance by the Office for Budget Responsibility (OBR) may result in a £20 billion shortfall for Chancellor Rachel Reeves in meeting her fiscal goals. Both tax increases

Rising veterinary costs have prompted some pet owners, such as Dee Terry from Durrington, Wiltshire, to make financial sacrifices, including cutting back on food. After her dog Bilbo, a German spitz, underwent a neutering procedure that resulted in complications, Terry faced an unexpected vet bill of £1,200. This significant expense impacted her budget, leading her

New business owners in Jersey are reporting challenges such as rising costs and staffing issues but are actively seeking ways to adapt. Among the strategies being utilized is the sharing of premises to reduce rent expenses. This follows the Jersey government’s initiative to analyze why some shops on the island remain vacant. Economic Development Minister

Cherry Matthews is organizing a Halloween costume swap shop from her art workspace in Washington, Sunderland, aiming to alleviate the financial burden on parents during the autumn season. The initiative allows families to select children’s costumes while also providing an opportunity to donate outfits that are no longer needed. With five children of her own,