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Rolls-Royce and BAE Systems expect higher profits amid defense surge

Live, rolling coverage of business, economics and financial markets as investors buy UK defence stocks and await Bank of England interest rate decision That German GDP reading has indeed contributed to the wider eurozone hitting expectations – and then some. The eurozone economy grew by 0.4% in the second quarter of 2026, according to the preliminary reading from Eurostat – defying the gloom caused by the US-Israeli war on Iran. <a href="https://www.theguard

AI sell-off intensifies as investors ditch chip stocks

Global markets experienced a sharp sell-off in major AI chipmakers like Samsung and SK Hynix, driving South Korea's stock index to a three-month low. This capital flight highlights growing investor anxiety over high debt levels used to fund aggressive data center expansions and rising Chinese competition. Creators and brands dependent on high-end generative AI tools should audit their software stack now to prepare for potential enterprise price hikes or service pivots if hardware funding tightens.

LeBron James Headed to Philadelphia 76ers for 'Last Decision'

James made the announcement on social media Friday, saying it will be his “last decision” and that it comes after he strongly considered retirement.

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