Author: Arabian Media staff

UK health secretary Wes Streeting has said the use of robotics will be at the heart of the government’s 10-year plan for the NHS and the drive to improve productivity.Robot-assisted surgeries will become standard for certain procedures, such as ear, nose and throat operations, and hospitals that fail to use this technology will be paid less, he told the Financial Times a week before his blueprint for reviving the NHS is published. “The thing that gives me the most excitement about what the NHS could be is the revolution in medical technology,” including the expansion of “pioneering robotics”, Streeting said. “We want…

Major equity indexes including the S&P 500 tallied their first record closing highs in months on Friday — but something happened on the way to the closing bell that left a bad taste in some traders’ mouths. Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has said he will only pick a new Federal Reserve chair who will cut US interest rates, as he called on the central bank to slash borrowing costs to 1 per cent.The president also renewed his attack on the current chair Jay Powell, describing him as a “stubborn mule” and saying he would “love him to resign if he wanted to”. Powell has said he will serve the duration of his term, which ends in May 2026.“Whoever’s in…

The U.S.’s largest banks remained “resilient” after absorbing $550 billion in losses in a simulated economic shock. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The biggest US banks have all passed the Federal Reserve’s annual tests of whether they can withstand a future economic and market crisis, opening the door for them to raise dividends and share buybacks.The Fed said on Friday that under its “severely adverse” scenario, in which unemployment surges to 10 per cent, the 22 banks, including JPMorgan Chase, Goldman Sachs and Bank of America, would lose more than $500bn. However, they would suffer a much smaller hit to capital than in recent…

Curious about where lawmakers invest their money? Politicians’ investment choices often attract attention because of their unique position in shaping policy. In fact, a 2024 report by the trading platform Unusual Whales found that more than 20 members of Congress earned nearly double the S&P 500’s average gain. Thanks to the Stop Trading on Congressional Knowledge (STOCK) Act, the public can see what members of Congress are investing in. But how do you actually find this information? And what can it tell you about market trends or potential conflicts of interest?  Key Takeaways The STOCK Act requires members of Congress…

Consumer goods are products manufactured and sold for final consumption by the purchaser. According to the U.S. Bureau of Labor Statistics, an American household earning an average annual income of $101,805 before taxes spent about $77,280 on consumer expenditures in 2023 (the latest data available). Housing costs accounted for about a third (33%) of the total expenditures. Transportation accounted for 17%, and food accounted for nearly 13%. Key Takeaways Non-durable consumer goods are consumed immediately or have a life span of fewer than three years. Take, for example, food and clothing.Durable consumer goods have a life span of over three…

Guess who’s paying for the costs of hospitals and nursing homes in red states? Source link

Warren Buffett and Charlie Munger built Berkshire Hathaway (BRK.A, BRK.B) into a massive empire by prioritizing a qualitative understanding of a business over complex financial modeling. While they certainly used financial ratios and other analytical tools, they didn’t let spreadsheets drive their investment decisions. Instead, these legendary investors focused on something many overlook: Deeply understanding how businesses actually work. This business-first philosophy outperformed the market for decades, challenging the assumption that successful investing requires sophisticated mathematical models. Key Takeaways Buffett and Munger used financial data but prioritized understanding the actual business—its competitive advantages, management quality, and long-term prospects. They invested…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meta is looking to raise $29bn to fund its all-in push into artificial intelligence, turning to private capital firms to finance its build out of data centres in the US.Talks between the Instagram-owner and private credit investors have advanced, with several large players including Apollo Global Management, KKR, Brookfield, Carlyle and Pimco involved in the discussions, according to people familiar with the matter. Meta is hoping to raise $3bn of equity from them and then a further $26bn of debt. But it…