Members of the Institute of Chartered Accountants in England and Wales (ICAEW) could support UK Prime Minister Andy Burnham's plans to channel more investment into towns, infrastructure and local economies, but are urging him not to repeat the tax mistakes they say damaged business confidence under the previous government.
That is according to a new ICAEW poll of 875 members conducted between 6 July and 10 July 2026, which found that business taxation is seen as the most urgent issue for the new administration.
Nearly 57% of the respondents said easing the tax burden on businesses should be Burnham's top priority on taking office.
Members said repeated changes to the tax system in recent years had created uncertainty for companies and weakened willingness to invest.
They also cited last year's increase in employer National Insurance contributions, which some described as "crippling" for small businesses. Respondents said the rise constrained hiring, investment and expansion.

#businesses #institute

Economic issues have forced another franchisee of the nation's largest fast-food chain, Subway, to file for bankruptcy protection, as the restaurant sector continues to battle rising costs.
Subway Sandwich Shop franchisee Cherry ****** e Company, which operates three North Dakota locations, filed for Chapter 11 bankruptcy to reorganize its businesses, according to BankruptcyObserver.
The Regent, N.D.-based Subway franchisee filed its Subchapter V petition in the U.S. Bankruptcy Court for the District of North Dakota on July 21, listing over $19,000 in ****** ets and over $1.8 million in debts, according to court documents.
The debtor did not give a reason for filing for bankruptcy in its petition. Debtor counsel Karl Johnson of MJB Law Firm PLLC was not immediately available for comment.
The debtor's largest unsecured creditors include the U.S. Small Business Administration, owed over $487,000; Dakota Western Bank, owed over $394,000, Grasshopper Bank, owed over $343,000; TVT Capital Source LLC, owed $240,000; Glenridge Capital LLC, owed over $130,000; and Byzfunder NY LLC, owed $128,000.

#bank

With a market cap of $75.1 billion, EOG Resources, Inc. (EOG) is an independent energy company that explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas across major producing basins in the United States, the Republic of Trinidad and Tobago, and other international locations. It also provides crude oil and condensate gathering, processing, and marketing services.
The Houston, Texas-based company is set to announce its fiscal Q2 2026 results after the market closes on Tuesday, Aug. 4. Ahead of the event, ****** ysts expect EOG to report an adjusted EPS of $5.08, a climb of nearly 119% from $2.32 in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
Huge, Unusual Intel Options Volume Today Ahead of Earnings This Week
Intel Stock Is Down, But Put Premiums are High - Put Short Sellers Love the High Yields
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars

#crude

Malaysia's CIMB Bank Berhad has introduced CIMB Private Wealth, a wealth segment targeted at affluent clients in ASEAN.
The Business Times reported that CIMB Group intends to roll out the private wealth business in Singapore and Thailand before the end of the year.
The move forms part of a wider plan to double wealth ****** ets under management by 2030.
The offering brings together institutional financial services, advisory support and wealth products aimed at helping clients with capital growth, ****** et protection and succession planning.
Under CIMB's Forward30 plan, the new segment will cater to a range of clients in ASEAN through investment, lending and protection products, as well as wealth advisory services.

#cimb #clients #private #advisory

Upslope Capital Management, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Upslope aims to provide attractive, equity-like returns while reducing market risk and keeping low correlation with traditional equity strategies. The portfolio tailed in the speculative mania environment as investors broadly avoided boring, cash-flowing, non-AI stocks. The Fund returned -6.6% (net) in Q2 compared to +14.3% return for the S&P Midcap 400 ETF (MDY) and +10.3% gain for the HFRX Equity Hedge Index. In addition, you can check the Fund's top five holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Upslope Capital Management highlighted Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY). Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) is a financial technology company that offers solutions and payment processing services for community banks and credit unions. On July 21, 2026, Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) closed at $148.90 per share, reflecting a market capitalization of $10.58 billion. Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) posted a one-month return of 16.27%, while its shares lost 17.52% over the past 52 weeks.
Upslope Capital Management stated the following regarding Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) in its Q2 2026 investor update:
"The Fund also exited Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY), fintech business focused on core processing and payments for regional banks). This was disappointing, as the exit was largely due to risk management. Fundamentals remained solid, but shares were hit hard by AI worries. "Proving" the market wrong about these worries will simply take time (a lot of it) and, possibly, additional valuation compression. JKHY was not the only holding with this perceived risk and exiting was aimed at reducing broader exposure to a manageable level."
Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 38 hedge fund portfolios held Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) at the end of the first quarter, compared to 37 in the previous quarter. While we acknowledge the potential of Jack Henry & ***** ociates, Inc. (NASDAQ:JKHY) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#henry #management #capital #risk

By Lucia Mutikani
WASHINGTON, July 9 (Reuters) - U.S. existing home sales unexpectedly fell in June as tight inventory boosted house prices to a record high and the Middle East conflict kept mortgage rates elevated, pushing potential buyers to the sidelines.
The report from the National **** ociation of Realtors on Thursday underscored the growing affordability hurdle faced by many young people pursuing the so-called American dream of homeownership. Still, economists expected the housing ‌market to make a small contribution to economic growth in the second quarter for the first time in more than a year.
The U.S. Congress recently passed a bipartisan housing affordability bill, which includes measures to restrict single-family homeownership ‌by investment firms and waive or speed up environmental reviews for construction projects. President Donald Trump has declined to sign the bill until a separate voting bill is passed.
"Affordability challenges are most acute for lower-income households and first-time buyers," said Nancy Vanden Houten, lead U.S. economist at Oxford Economics. "Homebuying is much more affordable for upper-income households, who are likely to be homeowners, than for younger, renter households."

Major indexes finished lower, dragged down by chip stocks, while oil prices surged after the U.S. revoked Iran's license to sell its crude.
The tech-focused Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average closed Tuesday down a respective 1.2%, 0.5%, and 0.3%. The Dow had set a new record high in morning trading before reversing course.
Yesterday, major stock indexes started the week higher behind AI-tied shares like Western Digital (WDC), Advanced Micro Devices (AMD), and Qualcomm (QCOM), with the Dow setting intraday and closing records above 53000. However, memory and chip stocks fell Tuesday after Samsung shares dropped 7% in South Korean trading despite strong quarterly results. Intel (INTC), Sandisk (SNDK), Western Digital, AMD, and Marvell Technology (MRVL) closed down between 6.5% and 10%.
Most of the Magnificent Seven mega-cap tech stocks were in the green Tuesday, although Tesla (TSLA) declined 4% after leading the septet with a nearly 7% rise yesterday. Shares of ***** e Exploration Technologies (SPCX), or ***** eX, fell about 7% as the Elon Musk-led company made its Nasdaq 100 debut.
Oil prices jumped as the Treasury Department revoked the waiver that allows Iran to sell its oil, which followed reports that the Islamic Revolutionary Guard Corps had fired upon vessels near the Strait of Hormuz. West Texas Intermediate futures, the U.S. benchmark, were up 4.9% to $71.90 per barrel at 4 p.m. ET, while global benchmark Brent crude futures were 5.1% higher at $75.70 per barrel.

The chipmaker's recent tear feels like a unique story, but its long-term behavior tells you more about the market you already own.
Marvell Technology (MRVL) is having a strong week, up 6.8% while the S&P 500 has gained just 1.8%. This run coincides with the company declaring its quarterly dividend and navigating a recent CFO transition.
When a stock you're watching takes off like this, the instinct is simple: greed. It's the fear of missing out, the urge to jump on a moving train before it leaves the station.
But the question that builds wealth isn't whether you can catch next week's move. It's what owning this stock actually does to your portfolio's risk over the long haul. How much of its return is a genuinely different story, and how much is just an amplified version of the market you already own in an index fund?
More Overlap Than You Might Think

CVS Health leads this Magic Formula ranking for retirees; Valero's forward P/E of 9 tempts but crack spread-driven earnings make income unreliable.
Qualcomm's 38% automotive revenue growth and 36% return on equity impress, but its 1.6 beta and 18% monthly share decline disqualify it for retirees.
The Magic Formula screens for cheapness and quality, but retirees must layer in dividend stability and low volatility before selecting core portfolio holdings.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn't make the cut. Grab the names FREE today.
Joel Greenblatt's Magic Formula, popularized in The Little Book That Beats the Market, ranks stocks on two factors: earnings yield (operating earnings divided by enterprise value) and return on capital (how efficiently a business converts invested dollars into profits). For retirement investors, Magic Formula scores are only the starting point. Income reliability, business durability, and volatility matter equally. A bargain-screened name can still be wrong for a retiree if cash flows swing with commodity cycles or if its multiple ****** umes growth that may not arrive.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the best trending AI stocks to watch in 2026. In collaboration with Amazon Web Services (AWS), CrowdStrike Holdings, Inc. (NASDAQ:CRWD) announced on June 17 new AI, cloud, and Next-Gen SIEM innovations that allow organizations to securely build, deploy, and operate AI applications and cloud workloads on AWS. Management further stated that the company is expanding CrowdStrike Falcon® AI Detection and Response (AIDR) capabilities on AWS, which helps organizations identify and mitigate AI runtime risks across AI applications built with AWS technologies. These include Kiro, Amazon Bedrock, and Strands Agents. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) also announced the expansion of the CrowdStrike Falcon® platform availability in AWS Marketplace, with new 30-day free trials for CrowdStrike Falcon® Cloud Security, CrowdStrike Falcon® Next-Gen SIEM, and CrowdStrike Falcon® Endpoint Security on a pay-as-you-go basis.
In a separate development, Rosenblatt lifted the price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $825 from $640 on June 4 and maintained a Buy rating on the shares. The rating update came after what the firm called an "outstanding" fiscal Q1 earnings report.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) offers cybersecurity services and products to prevent breaches. Its offerings include cloud-delivered protection across endpoints, threat hunting, managed security services, IT operations management, log management, and more.
While we acknowledge the potential of CRWD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

While Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) and iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) share identical yields and similar maturity profiles, the iShares fund offers significantly broader diversification across corporate issuers.
Investors seeking steady income from high-quality corporate debt often land on these two giants. Both target bonds with five- to 10-year maturities, providing a middle ground on the yield curve. While their performance and costs are nearly indistinguishable, their internal construction reveals different approaches to portfolio depth and diversification within the investment-grade bond ****** e.
Metric
VCIT
IGIB

Updated June 24, 2026 10:52 am ET
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(3 min)
1051 ET – The dollar strengthens while Treasury yields decline as markets react to Fed policy and easing geopolitical tensions. The Fed sounded surprisingly hawkish last week, fueling expectations of at least one and maybe two interest rate increases this year which would support the greenback. “The dollar’s spot price could continue to react to the near-term risk of rate hikes,” Naga.com’s Frank Walbaum says. Meanwhile, falling oil prices reduce inflation fears, weighing on yields. The Fed’s pledge to keep fighting inflation reassures markets that rates will fall after a potential tightening, Walbaum says. The WSJ Dollar Index rises 0.3%. The 10-year Treasury yield is at 4.416%, after reaching 4.5% overnight. (paulo.trevisaniwsj.com; ptrevisani)
1306 GMT – The euro’s decline against the dollar is likely to slow at the very least, Societe Generale’s Kit Juckes says in a note. The euro falls to a one-year low of $1.1324, according to LSEG data, following a recent increase in Federal Reserve interest-rate rise expectations and a paring of tightening bets for the European Central Bank. The euro has broken below the range of $1.14 and $1.20 it has been in for the majority of the past year, Juckes says. This could limit how much further the euro can fall, he says. “Fed and ECB expectations have been reset, and we need fresh economic data to drive the next leg of the move.” (renae.dyerwsj.com)

The price of Brent (BZ=F) oil futures fell below $75 per barrel on Wednesday for the first time since the Iran war began.
The decline came after the US and Iran signed an initial agreement last week to end the conflict and reopen the Strait of Hormuz.
The Brent contract is the international benchmark for oil pricing on which almost all other oil grades are based. Brent pricing slid roughly 4.4% on Wednesday, falling below $74. Contracts on WTI crude (CL=F), the US benchmark, traded near $71 Wednesday morning on an equal 4.4% slide.
The move on Brent pricing comes after a loss of 27% over the previous month, as peace negotiations to end the conflict that has roiled the global energy market came to a head with the signing by the US and Iran of a memorandum of understanding (MOU).
The MOU, among other tenets, calls for reopening the Strait of Hormuz and for freedom of navigation for oil tankers and other vessels that have been stuck on either side of the critical waterway. Both US and Iranian leaders have promised safe passage for vessel transits, though some larger shipping lines have elected to wait longer to ******* s whether the tentative peace agreement holds, freight ******* ysts told Yahoo Finance.

By Jan Wolfe
WASHINGTON, June 23 (Reuters) - The U.S. Supreme Court further limited the reach of a federal law used to hold corporations liable for human rights abuses committed abroad, as it issued a ruling on Tuesday ending a lawsuit by members of the Falun Gong movement accusing Cisco ‌Systems of facilitating religious persecution in China.
The justices, in a 6-3 ruling, reversed a lower court's decision that had breathed new life into the 2011 ‌lawsuit, which was brought under the Alien Tort Statute of 1789. The suit had alleged that Cisco knowingly developed technology that allowed China's government to surveil and persecute Falun Gong members.
The Alien Tort Statute had been dormant for nearly two centuries before lawyers began using it in the 1980s to bring international human rights cases in U.S. courts. The Cisco case posed the question of whether the law creates liability for corporations that "aid and abet" human rights abuses, a form of what is called accomplice liability.
Conservative Justice Amy Coney Barrett, who authored the decision, said that a lower court erred in finding that aiding-and-abetting liability exists under the Alien Tort Statute, or ATS, for Cisco's disputed conduct.

Backbase has acquired Kasisto, an agentic AI platform provider for banks and other financial institutions, for an undisclosed sum.
Kasisto's platform, its financial services intelligence and its team in New York have been folded into Backbase and its AI-native Banking OS.
According to Backbase, the transaction is part of its plan to build what it calls the Unified Frontline, "one operating model where customers, employees, and AI agents operate as one with shared context, governed authority, and the same source of customer truth".
The company said adding Kasisto to the core of its AI-native Banking OS would help banks address customer requests via "intelligent execution".
Kasisto CEO Lance Berks said: "Agentic AI will reshape banking over the next decade. Together, Backbase and Kasisto represent the convergence of the AI-native banking OS and purpose-built agentic AI and financial services intelligence, setting a new standard for how banks and financial institutions compete and win."

The AI boom is creating opportunities and growth in the tech sector, but not just for the most obvious winners. While many investors focus on high-growth tech names, dividend-paying technology stocks can offer a different kind of opportunity: exposure to long-term tech trends, plus regular income along the way. That makes it worth looking at tech stocks that pay steady dividends, have lower valuations, and low RSI levels, names like TurboTax maker Intuit, which I'll get to shortly.
When we combine those results with ****** yst "buy" targets, investors may be looking at a compelling mix of income, value, and growth potential.
Tim Cook Warns Apple Product Price Hikes Are Unavoidable Due to Higher Chip Costs. What That Means for AAPL Stock.
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Using Barchart's Stock Screener, I selected the following filters to get my list:

Galaxy Digital Inc. (NASDAQ: $GLXY) is putting more capital behind institutional digital **** et lending, taking a strategic stake in Digital Prime Technologies as the market looks for more structured ways to borrow and lend crypto at scale.
The investment, announced Tuesday, builds on Galaxy's role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital **** ets.
Financial terms were not disclosed, but Galaxy's role makes the investment more than a passive backing. The firm was already a launch participant on Tokenet, tying the deal directly to its lending and trading operations and giving the platform an early institutional user with market depth.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion

The average 401(k) balance of $246,500 at age 60 covers just 3.2 years of typical household spending, or 4.7 years after Social Security.
The median 401(k) of $38,176 covers under six months of expenses, leaving most retirees dependent on Social Security as their primary income source.
Inflation running at 4.2% and rising Medicare premiums swell year-10 retirement costs to roughly $100,000, up from a $78,535 baseline.
A recent study identified one single habit that doubled Americans' retirement savings and moved retirement from dream, to reality. Read more here.
The headline question has a short answer and a longer one. The short answer is that the average American nearing retirement has enough in a 401(k) to cover roughly 3 years of typical household spending. The longer answer involves Social Security, inflation, and a median balance that tells a very different story than the average.

By Leo Marchandon
PARIS, June 17 (Reuters) - OVHcloud plans to train frontier AI models - the most advanced, large-scale systems built from scratch using ‌vast data and computing power - its CEO said on Wednesday, ‌positioning the firm as a potential European challenger to Mistral.
The move marks a shift for OVHcloud, Europe's largest cloud provider, as governments and companies seek alternatives to U.S. and Chinese AI systems - a search made more pressing by the recent abrupt switch-off of Anthropic's top-tier models.
"It became quite clear to us that if we don't ‌master this technology, we ⁠can't guarantee our future," OVHcloud CEO Octave Klaba told Reuters at the VivaTech conference.
Klaba said the economics of developing such ⁠cutting-edge models have shifted, citing advances in chips, training techniques and synthetic data. A project that might once have cost about 1 billion euros ($1.2 billion) could now be attempted for 150 million to 200 million euros, he said.

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist? Caterpillar (CAT), Eli Lilly (LLY), Citigroup (CITI), Teradyne (TER) and Krystal Biotech (KRYS) are prime candidates.
Indexes confounded expectations for difficulties and turned in an outstanding performance in 2023, 2024 and 2025. The Federal Reserve moved to cut rates amid a weakening labor market. However it looks like rate cuts are on hold amid inflation concerns. The conflict in Iran caused a sharp pullback, but then stocks rallied back to new highs.
Remember, there are thousands of stocks trading on the NYSE and Nasdaq. But you want to find the very best stocks right now to generate massive gains.
The IBD Methodology offers clear guidelines on what you should be looking for. Invest in stocks with recent quarterly and annual earnings growth of at least 25%. Look for companies that have new, game-changing products and services. Also consider not-yet-profitable companies, often recent IPOs, that are generating tremendous revenue growth.
Using such an approach can help give you an edge over the benchmark S&P 500. Outdoing this industry benchmark is key to generating exceptional returns over the long term.

Is ZETA a good stock to buy? We came across a bullish thesis on Zeta Global Holdings Corp. on Stock Reports & **** ysis's Substack by Wealthmatica. In this article, we will summarize the bulls' thesis on ZETA. Zeta Global Holdings Corp.'s share was trading at $22.02 as of June 5th. ZETA's forward P/E was 24.10 according to Yahoo Finance.
Pressmaster/Shutterstock.com
Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential

A $36,000 annual care commitment adds 1.7% to the withdrawal rate, pushing a $2.1M couple's combined draw well above the sustainable 4% threshold.
Claiming the daughter as a qualifying relative, opening an ABLE account, and filling the 12% tax bracket can each cut thousands in annual after-tax costs.
The elevated draw has a built-in end date. At 70, the support obligation ends and delayed Social Security kicks in, resetting the withdrawal rate.
Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com's free matching tool pairs you with vetted fiduciaries from firms like Vanguard, Empower, and Edelman — in under three minutes. See who you match with today.
A couple turning 64 this year with $2.1 million saved is, by most measures, ready to retire. But the math changes if you add a 24-year-old daughter with a chronic mental health condition who needs ongoing therapy, medication management, and the occasional residential stay.

BDC ETFs BIZD and PBDC yield 13.65% and 11.50%, respectively, nearly double JEPI's 8% with a meaningful tax edge for income investors.
BDC dividends are taxed at the capital gains rate (max 20%), while JEPI's options-based payouts face ordinary income tax up to 37%.
The BDC industry swelled to $500 billion AUM with a 28% CAGR since 2020, fueled by small-business credit demand abandoned by banks after 2008.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)

With more than 65% gains in May 2026, Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the Best Performing Stocks in May. Recently, on June 3, Wedbush raised the price target on the stock from $300 to $340 and maintained an Outperform rating on the shares.
The rating follows Palo Alto Networks, Inc. (NASDAQ:PANW)’s fiscal Q3 2026 earnings. During the quarter, the company posted $3 billion in revenue, reflecting 31% year-over-year growth and ahead of the consensus of $2.94 billion. The EPS of $0.85 also came in ahead of the expected $0.80.
CEO Nikesh Arora highlighted that the bookings accelerated for the company as enterprises increasingly rely on PANW to secure their AI infrastructure. Revenue was partly boosted by the recent acquisitions of CyberArk and Chronosphere. Moreover, the Next-Generation Security ARR also grew by 60% to exceed the $8 billion mark. Notably, the remaining performance obligations grew 36% to $18.4 billion, signaling strong future revenue visibility.
On the profitability front, the picture remained mixed on a GAAP basis, with a net loss of $177 million compared to a profit of $262 million a year ago, largely due to acquisition-related costs. However, non-GAAP net income rose to $684 million, reflecting healthy underlying business performance.
Wedbush sees PANW’s AI-native, integrated security platform as a key competitive advantage for winning new deals. The firm has placed it as a strong pillar in its “AI 30” list of top AI-era investments.