Amazon CEO Andy Jassy says AI will probably mean fewer jobs after 27,000 people have already been cut from its workforce

TSB, a well-known UK bank, might soon vanish from the high street as it’s being folded into Santander UK. The deal could mean job losses, though exact numbers aren’t clear yet. It’s another sign of the banking sector’s ongoing consolidation.

Editor’s Note: For customers, this could mean fewer choices and potential changes to services—always a headache when your bank gets swallowed up. For employees, job cuts are never good news. And for the wider market, it’s a reminder that even familiar brands aren’t safe from reshuffles. If you’re with TSB, keep an eye on updates—your local branch might not look the same for long.

After a springtime buying spree driven by fears of impending auto tariffs under President Trump, US car sales are now slowing down. Consumers rushed to purchase vehicles before prices spiked, but that momentum has fizzled as tariff concerns linger and affordability becomes a bigger hurdle.

Editor’s Note: If you’ve been wondering why dealerships seemed packed earlier this year but are quieter now, this explains it. Buyers were trying to get ahead of potential price hikes, but with sales cooling off, automakers and dealers might feel the pinch—especially if tariffs do kick in. For everyday shoppers, this could mean fewer deals or incentives down the road.

The Senate just approved Trump’s massive $3.3 trillion tax and spending cut bill after Republican leaders scrambled to win over reluctant lawmakers, marking a major political victory for the president. Thomas Hoenig, former head of the Kansas City Fed, shared his take on the decision during an interview with Bloomberg Markets, though the details of his reaction weren’t spelled out in the excerpt.

Editor’s Note: This is a big deal because it’s one of the largest tax overhauls in years, and it’ll ripple through everything from corporate profits to middle-class paychecks. Hoenig’s perspective—coming from a seasoned Fed insider—could hint at how financial experts view the long-term impact, whether they see it as a boost or a gamble. Either way, it’s a defining policy win for Trump and a story that’ll shape economic debates for years.

The U.S. Senate has just approved Trump’s tax bill, marking a major legislative win that could reshape everything from corporate profits to household budgets. Bloomberg Markets breaks down the immediate market reactions and long-term implications with insights from financial heavyweights, including former Fed official Tom Hoenig.

Editor’s Note: Tax bills don’t just live in political headlines—they ripple through your 401(k), your paycheck, and the economy at large. Whether this is good or bad depends on who you ask (and how much you make), but one thing’s clear: Wall Street and Main Street are both scrambling to figure out what’s next.

Figma, the popular cloud-based design tool used by companies like Airbnb and Google, is gearing up to go public in the U.S. The company has confidentially filed paperwork for an initial public offering (IPO), signaling its next big step after years of rapid growth. While details like timing and valuation aren’t public yet, this move could solidify Figma’s position as a major player in the design software space.

Editor’s Note: Figma’s IPO filing is a big deal because it reflects the growing importance of collaborative design tools in the digital economy. If successful, it could validate the shift toward cloud-based creative software—and potentially shake up the industry dominated by Adobe. For designers and tech watchers, it’s a sign of how much the tools of the trade have evolved.