News

Premium mixer brand Fevertree reported a strong full-year performance, with surging US sales helping to counterbalance a dip in its domestic UK market. The company's adjusted profits jumped by an impressive 66% to £50.7 million, driven by market share gains in the US and diversification beyond tonic water.

Chancellor Rachel Reeves has pledged £3.25 billion to public service reform, placing AI and cutting-edge technology at the heart of government efforts to boost productivity, modernize operations, and support long-term economic growth. This investment aims to harness AI to cut costs, improve efficiency, and drive innovation across public services, with a focus on supporting economic resilience, job creation, and national security.

Market commentator Jim Cramer expressed his approval of GameStop's newly announced Bitcoin treasury strategy, which aligns with his previous advocacy for including Bitcoin in investment portfolios. However, his picks often move in the opposite direction, leading some to perceive him as an inverse indicator.

Big tech companies, led by Amazon with over 11,000 approvals, continue to dominate the H-1B visa landscape in the U.S. This trend highlights the program's importance in attracting and retaining skilled foreign talent across various industries, contributing to the U.S. economy's growth and innovation.

Consumers are reducing spending as the economic outlook worsens, with purchase volumes declining across income levels and delinquencies on loans increasing. This shift in consumer behavior is fueled by concerns about inflation, rising interest rates, and the potential impact of President Donald Trump's tariffs.