Finance

Elon Musk unveiled Tesla's new Roadster, which uses high-pressure air thrusters to leave the road entirely during a livestreamed event at his SpaceX facility in Texas.

UK Chancellor John Healey is considering raising the surcharge on bank profits from 3% to 8% to fund cost of living support. Banks are expecting a tax raid after the Iran war pushed interest rates higher and lifted their earnings. The Treasury has called the banking sector a jewel of the economy, but says decisions must be taken before the Budget. NatWest and Lloyds shares fell more than 2% on Friday.

Netflix stock is down nearly 50 percent compared to last year and now director David Fincher has decided to leave.

Travelers reported third-quarter 2026 results, with adjusted net income up 4% from a year earlier to $1.95bn. Earnings per share rose 13% to $9.18. The insurer's combined ratio improved 0.5 percentage points to 86.8%, while its underlying combined ratio, which strips out catastrophe losses, worsened 0.2 percentage points to 84.1%. Net investment income climbed 7% to $908m, and the company returned $1.8bn of capital to shareholders through share repurchases.

Another reason for Donald Trump to hate British regulation

Netflix is profitable and still growing. So why did it lay off 6% of its employees, cutting 1,000 jobs in its biggest workforce reduction to date?

The compromise was reached after the German Social Democrats, the junior coalition partner in Friedrich Merz’s government, dropped their opposition.

SOUTH SAN FRANCISCO, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Alector, Inc. ('Alector,” Nasdaq: ALEC), a biotechnology company focused on developing therapies to counteract the devastating progression of neurodegeneration, today announced the pricing of an underwritten offering of common stock. Alector is selling 36,600,000 shares of common stock. The shares of common stock are being sold at an offering price of $2.05 per share, which represents a premium of approximately 7.3% over the closing

U.S. soybean processors crushed 196.3 million bushels in September, a 13-month low that came in below both the 197.9 million bushels of a year earlier and the 205 million bushels traders had expected, according to the National Oilseed Processors Association. Ethanol production averaged 1.065 million barrels a day, the highest in a month. Grain futures fell broadly, with soybean, corn and wheat front-month contracts all lower. Frost is forecast in Iowa, Wisconsin and Minnesota.