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GameStop said it will reopen select closed stores nationwide, starting with a Brooklyn, Ohio location. The move follows cost-cutting and closures and comes as CEO Ryan Cohen and a board member bought shares. Collectibles now account for a larger share of sales.
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Goldman Sachs hosted a two-week New York program for about 50 Gen Z heirs of ultra-wealthy families, covering personal finance, alternative investments, luxury collectibles and sports-team ownership. The invitation-only NextGS Investment Intensive also offered leadership coaching and gave Goldman early ties to future wealth holders.
BBC NewsSig. 6AnalysisAIPoliticsStocks
The episode asks whether governments can coordinate to regulate AI amid industry safety fears, contrasting Trump's dismissal of intervention with a UK Labour MP's call for regulation and safe superintelligence development. It notes that calls to slow AI development coincided with falling tech stocks in Europe, the US, and Asia.
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OpenAI CEO Sam Altman warned that AI could go “very badly” if humanity loses control or power becomes too concentrated, while urging federal safeguards. China dismissed such warnings as “fear mongering,” and global tech stocks fell amid investor concerns over AI spending and safety-driven slowdowns.
Daily MailSig. 6NewsEconomyStocksPolitics
The Association of Investment Companies is urging Chancellor John Healey to scrap stamp duty on UK share trading and restore venture capital trust tax relief, arguing it would boost growth and turn savers into investors. The article pairs the call with warnings about foreign takeovers of undervalued UK firms and recent job cuts and billionaire departures, framing Labour's tax policy as a drag on investment.
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A personal finance column explains how venture capital trusts (VCTs) can provide 20% income tax relief, tax-free dividends, and capital gains tax exemption. It notes the government reduced the relief from 30% to 20% and warns VCTs are high-risk and suited mainly to experienced high earners. It also suggests capital gains tax may rise in the upcoming Budget.