financeMonday, September 7, 2026
Chancellor John Healey is set to declare the UK economy 'turning a corner' ahead of his first Budget, but the optimism feels fragile. Elsewhere, a professor's prediction that the AI bust will combine the worst of the dot-com crash and 2008 crisis is getting attention, and Broadcom's AI chip revenue tripled, yet Wall Street sold anyway.
The UK chancellor is talking up recovery, but the opposition and bond markets are waiting to pounce.
Healey's speech in Coventry will claim the UK economy is 'turning a corner' with rising consumer and business confidence. It's a deliberate reset ahead of his first Budget, but the debt concerns that dominated yesterday's coverage aren't going anywhere.
Shadow Chancellor Andrew Griffith fires back, arguing that Healey risks bankrupting Britain by raising taxes instead of fixing underlying problems. The piece leans on Griffith's business background to argue Labour lacks practical economic experience.
Two stories today capture the tension: a dire warning about the AI bust's shape, and a concrete example of how punishing high expectations already are.
Business professor Erik Gordon predicts the AI bust will look like the 'love child' of the dot-com crash and the 2008 financial crisis, inflated valuations plus systemic contagion. It's a stark counterpoint to the hype cycle, and worth reading for the mechanism he describes.
Broadcom's AI chip revenue tripled to $16.7 billion, yet the stock fell because investors demand flawless execution at current valuations. It's a clear signal that even strong results aren't enough when expectations are sky-high.
A Bitcoin sidechain halts after a $320 million withdrawal, and a cartel intermediary pleads guilty in a crypto laundering case.
Liquid, Blockstream's Bitcoin sidechain, paused operations after a group claiming to be white-hat hackers withdrew about 4,000 BTC ($320 million) from the federation wallet. The incident raises questions about security and governance in sidechain designs.
A Mexican intermediary for the Cartel Jalisco Nueva Generación pleaded guilty to using cryptocurrency to launder $4 million in drug proceeds. It's a reminder that crypto's pseudonymity still attracts old-school criminal networks.
STONK surges 250% to $140 million market cap as stock-paired Solana launchpad StonkFun pulls volume to Raydium and Jupiterwww.theblock.co
Investments promising social or environmental benefits need tougher anti-greenwashing rulestheconversation.com
Some homeowners have been waiting years for mortgage relief. It keeps slipping awayedition.cnn.com
Narendra Modi fails to dull gold’s lustre in Indiaft.trib.al
Hyperliquid Team Redeems 433,000 HYPE Tokens to Secure Monthly Interestcryptovka.comEthereum’s Vitalik Bets 90% of His Net Worth Against an AI Bitcoin Crashbitrss.com
Ethereum co-founder Vitalik Buterin says he is taking “the opposite side” of a forecast that artificial intelligence will cut bitcoin’s price in half within two years, and he has roughly 90% of his net worth riding on it. The...
Bravery, business and giving backinsidesmallbusiness.com.au
Emily Somers is redefining cancer headwear through bold, colourful scarves designed to restore confidence and style. The post Bravery, business and giving back appeared first on Inside Small Business .
Family businesses seek open discussion on tax reforminsidesmallbusiness.com.au
“Families are not restructuring. They are stopping. That is not a policy outcome anyone wanted.” The post Family businesses seek open discussion on tax reform appeared first on Inside Small Business .
Shell plc second quarter 2026 euro and gbp equivalent dividend paymentsfinancialpost.com
SHELL PLC SECOND QUARTER 2026 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS September 7, 2026 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2026 interim dividend, which was announced on July 30, 2026
Nintendo’s Switch 2 Bans Lifted After Reported System Faultts2.tech
TOKYO, Sept. 7 — Nintendo Co., Ltd. (TYO:7974) appears to have lifted a wave of Switch 2 console bans within about a day. Reports of error 2124-4508 spread from Sept. 5. By Monday morning in Asia, owners in several countries said online access had returned. Nintendo support agent
Deutsche Bank expects ECB to extend rate hikes through Decemberwww.globalbankingandfinance.com
Advantest Drives 27% of the Nikkei’s Midday Gain; Valuation Hits 38×ts2.tech
TOKYO, Sept. 7 — Advantest Corporation (TYO:6857) supplied more than a quarter of the Nikkei 225’s morning advance on Monday. It then surrendered part of that gain after lunch. The shares stood at ¥34,310 at 2:17:09 p.m. Japan Standard Time. That was 3.69% above Friday’s close, a
iFAST Global Bank Secures Double Win at the 2026 Global Banking & Finance Review Awardswww.globalbankingandfinance.com
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