UK set for third-largest tax-raising Budget since WWII

Blue Owl is reportedly considering the revival of a merger involving its private credit funds, with the decision contingent upon the share price of the fund, according to sources. This potential move indicates a strategic reassessment within the company regarding its investment structures and market positioning.

Kohl's is set to appoint Michael Bender as its permanent CEO, according to reports from Bloomberg News. This decision marks a significant leadership change for the retail giant, which has been navigating challenges in the competitive market landscape.

Bessent stated in an NBC interview that there is no recession risk for the US economy as a whole, indicating a stable economic outlook despite ongoing market fluctuations. This assertion comes amid various economic indicators and discussions surrounding growth factors such as artificial intelligence and stock valuations.

Black Friday has emerged as a focal point for consumer spending, particularly in the context of uncertain market conditions. As shoppers prepare for the annual sales event, analysts are closely monitoring spending patterns that could indicate consumer confidence and economic health.

The UK government has launched a critical minerals strategy aimed at reducing its dependency on China, particularly in the supply of essential materials like rare earths and magnets crucial for various industries, including automotive and electronics. Prime Minister Keir Starmer emphasized the need for resilience against global supply chain shocks.

The UK is facing a significant jobs crisis, with nearly one million young people classified as Neets—those not in education, employment, or training. Recent data from the Office for National Statistics reveals that this demographic continues to struggle in securing stable employment, exacerbated by the impacts of Covid and the rise of AI technologies.

BHP has made a renewed bid approach to acquire Anglo American, as reported by Bloomberg News. This development indicates BHP's ongoing interest in expanding its influence in the mining sector, particularly amidst fluctuating market conditions.

InvestingPro's Fair Value model has predicted a significant 46% decline in Webull's stock, raising alarms among investors regarding the company's financial stability. This prediction comes amid a backdrop of fluctuating market conditions and investor sentiment.