Google parent Alphabet beats forecasts with first $100bn quarter
Strong demand for ads and cloud services powered tech giant’s growth as it makes multibillion-dollar AI investment
Pound sinks against euro and dollar as tax rises loom and growth slows
Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%
Fed cuts interest rates for second time this year amid economic uncertainty
Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs
CBS News staffers lose jobs in ‘bloodbath’ as part of sweeping cuts from Paramount
Paramount laying off about 1,000 staffers, including some in news, on Wednesday amid longer-term cost-cutting plan
The Guardian view on Argentina’s election: one step closer to becoming a Trumpian client state
Editorial: A $40bn rescue may have helped Javier Milei scrape through midterms, but it leaves Argentina’s democracy and economy more dependent than ever on Washington
EU carmakers ‘days away’ from halting work as chip war with China escalates
Industry body says reserves of Nexperia semiconductors are dwindling after Beijing bans exports of key components
‘Cable Cowboy’ John Malone to step down from his media empire
Retirement of billionaire, 84, leaves Rupert Murdoch as last of that generation to be actively involved in media business
Nvidia becomes world’s first $5tn company amid stock market and AI boom
Silicon Valley chipmaker hits $5tn valuation just three months after it was first to break through the $4tn barrier
Wall Street hits new highs as Nvidia becomes world’s first $5tn company – as it happened
Donald Trump says he will cut fentanyl tariff on Chinese goods and expects ‘great deal’ with Xi Jinping
UK must reform drug pricing to become life sciences superpower, says GSK boss
Shares jump on higher profits as Emma Walmsley is ‘hopeful’ standoff with NHS can be resolved
The UK bond markets have become a political trap that strangles public spending. But there’s a way out
With living standards falling and the far right on the rise, the chancellor has the power to make decisions, not simply accept diktats from the markets, says lecturer in political economy Sahil Dutta
Toyota denies promising to invest $10bn in US after Trump announcement
The US president claimed he had been told the carmaker was going to be setting up factories ‘all over’ the US
Starmer refuses to rule out tax rises in budget after questioning by Badenoch
Prime minister fails to answer Tory leader’s questions about manifesto pledge not to raise income tax
Profit upgrade at Next raises hopes UK shoppers still keen to spend
Sales benefited from warm summer, M&S online shutdown after cyber-attack and supply improvements