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Harrods has set aside more than £60 million to compensate alleged victims of historical abuse by its late former owner, Mohamed Al Fayed. The move follows a Metropolitan Police investigation which has seen 146 people come forward to report crimes, underscoring significant corporate accountability efforts.
Despite a looming U.S. government shutdown, Wall Street demonstrated remarkable resilience on Friday, October 3, 2025, with the Dow Jones Industrial Average rallying over 500 points to close at a new record. The S&P 500 and Nasdaq Composite also posted significant gains, reaching all-time highs as investor confidence was buoyed by persistent strength in the artificial intelligence sector and a willingness to look past immediate political gridlock. Analysts point to the robust performance of AI-related stocks as a primary driver, suggesting a broader market conviction in technological innovation overriding short-term domestic policy concerns. This unusual market behavior raises questions about the perceived impact of government stability on corporate valuations and investor sentiment in an increasingly tech-driven economy.
US 30-year mortgage rates reached 6.34% for the second straight week, reversing recent declines and challenging homebuyer affordability amidst economic shifts.
Global markets dip as Fed Chair Powell signals sustained inflation fight, hinting at prolonged higher interest rates and impacting investor sentiment.
Real estate technology firm Compass has announced a transformative $1.6 billion merger, poised to catapult it into the position of the world's largest real estate brokerage. This strategic move is expected to significantly reshape the competitive landscape of the global property market, affecting agents, consumers, and rival firms alike, as reported by Realtor.com.
A significant H-1B visa fee hike by the Trump administration could cost US businesses $14 billion annually, sparking legal challenges and concerns over skilled labor access and economic competitiveness.
U.S. stock markets closed at record highs Friday, with the Dow Jones Industrial Average and S&P 500 posting significant weekly gains following the Federal Reserve's decision to lower interest rates, signaling renewed investor optimism about economic prospects and corporate earnings in a potentially stimulating financial environment.
