The Financial Conduct Authority (FCA) has unveiled long-awaited plans to regulate the booming £13 billion ‘buy now, pay later’ (BNPL) sector — with proposals that could require affordability checks on even the smallest of loans. Under the new rules, which form part of a formal consultation launched on Friday, BNPL lenders would need to conduct creditworthiness assessments on loans under ...
OpenAI has launched a powerful new AI assistant feature for ChatGPT that allows users to delegate everyday tasks like browsing the web, making restaurant reservations, and shopping online—marking a major leap in AI’s ability to act, not just analyse. The new ChatGPT agent, available from this week to users on paid “pro”, “plus”, and “teams” plans, gives the chatbot autonomy ...
Congress is officially sending a package detailing $9 billion in spending cuts to President Donald Trump’s desk, minutes after midnight on Friday. The bill, called a ‘rescissions package,’ was approved by the House of Representatives in a late-night 216 to 213 vote after intense debate between Republicans and Democrats. Just two Republicans, Reps. Brian Fitzpatrick, R-Pa., and Mike Turner, R-Ohio, ...
Entrepreneurial energy remains high across the United States, with over 5.2 million new business applications filed in 2024. A new report by financial software firm Wave has revealed a surprising picture of where startups are thriving — and many of the most successful states aren’t the usual suspects like California or New York. Wave’s study ranked all 50 US states ...
Jobs in the UK’s retail and hospitality sectors have declined at their fastest rate in recent history following Chancellor Rachel Reeves’s October budget, which increased employer National Insurance Contributions (NICs) by £25 billion. According to analysis of HMRC payroll data by The Times, employment in supermarkets, pubs, bars, and hotels has contracted sharply since the announcement, reversing a decade-long trend ...
What can you get for $9.4 billion? 3G Capital recently purchased footwear giant Skechers for $9.4 billion. $9.4 billion could cover your rent for a pretty nice apartment in New York City for more than 40,000 years. Yes, it will just be you and the cockroaches by then. Or, you could pay the cost of every major disaster in the ...
People for the Ethical Treatment of Animals (PETA) is applauding a letter sent Thursday by Republican lawmakers to National Institutes of Health (NIH) Director Dr. Jay Bhattacharya, urging the agency to stop using taxpayer dollars for experiments on animals conducted in foreign laboratories. The letter, signed by Rep. Troy Nehls, R-Texas, and Sen. Rick Scott, R-Fla., highlights concerns about the ...
State Department spokesperson Tammy Bruce said the United States does not support recent Israeli airstrikes on Syria and called for ‘dialogue’ between the two Middle East powers. ‘The United States unequivocally condemns the violence. All parties must step back and engage in meaningful dialogue that leads to a lasting ceasefire,’ Bruce announced at a State Department press briefing Thursday afternoon. ...
Senators are not thrilled with a top White House official’s comments that the government funding process should become more partisan, and fear that doing so could erode Congress’ power of the purse. Office of Management and Budget Director Russ Vought told reporters during a Christian Science Monitor Breakfast Thursday morning that he believed ‘the appropriations process has to be less ...
Sen. Ron Johnson is demanding the National Archives turn over all records related to former President Joe Biden’s ‘mental and physical health and cognitive decline,’ Fox News Digital has learned. Fox News Digital exclusively obtained a letter Johnson, R-Wis., sent to Secretary of State Marco Rubio, who is serving as the acting archivist of the United States. Johnson, who leads ...