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  • Shein faces existential threat as tariffs hit low-price model, putting new focus...
    Shein has won over consumers with its low prices but is now seeing shoppers flee after new tariffs and changing regulations forced it to raise prices. [TheTopNews] Read More.
    CNBC – Business | Business & CommerceMon, August 10, 2026
    11 hours ago
  • Water outage forces Chessington theme park to close
    Chessington says all tickets booked for Monday can be used on a future date. [TheTopNews] Read More.
    BBC NEWS – Business | Business & CommerceMon, August 10, 2026
    11 hours ago
  • These are America’s hottest housing markets – see which areas made the l...
    America's hottest housing markets are all located in the Northeast and Midwest, according to a new ZIP code-level analysis of the most in-demand housing markets.Realtor.com released its hottest ZIP codes report for 2026, which found that those two regions swept the top 10 rankings for the fourth consecutive year.Hannah Jones, senior economist at Realtor.com, told FOX Business in an interview that "a lot of these ZIP codes fall in suburbs that are on the outer ring of major metro areas like Boston, New York, Philadelphia.""It kind of paints this picture that you can still commute to the busy city center for your job, but you're taking your big city income where you can get a little more bang for your buck, more space, more of that established suburban quiet life," she said.A TALE OF TWO HOUSING MARKETS: LUXURY DEMAND SURGES AS AFFORDABILITY SQUEEZES STARTER-HOME BUYERSHousing supply in the communities that comprised the top 10 of this year's rankings is especially tight, as Jones noted that inventory levels are running about 60% below pre-pandemic levels in those communities – whereas inventories across the country are just 11% below where they were before the pandemic.She also said that many home shoppers in these markets are coming from within the metro area they're closest to, as opposed to being from outside the region to move, adding that "we're not seeing as much of that cross-country migration type of buyer demand."Another characteristic of those markets is that the scarcity is driving buyers to pay above asking price, with nine of the top 10 seeing homes sell at or above asking price with an average sale-to-list ratio of 103.8%. Around the country, the typical home sold for about 2.3% below its list price in the first half of 2026.THESE AMERICAN CITIES ARE TRENDING TOWARD A BUYER'S MARKETBuyers are also putting more money down when purchasing a home in the ZIP codes that make up the top 10 rankings as opposed to the national average."When we're looking at these buyer profiles, we see that they tend to put down a lot as a down payment. Across these 10 top ZIP codes, the typical buyer is putting down about 17% as the down payment, compared to about 13% nationally – and both of those figures are also higher than they were even before the pandemic," Jones said."We also know they tend to have higher credit scores, and… [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceMon, August 10, 2026
    12 hours ago
  • Zuckerberg lays out vision to put superintelligent AI in everyone’s hands
    Meta founder and CEO Mark Zuckerberg on Monday outlined his vision for a world where personal superintelligence is available to everyone rather than only a select few.In a 14-page letter titled "The Future is for Everyone: The Path to a Positive AI Future," Zuckerberg argued that broadly distributing superintelligent AI represents both an economic opportunity and a safeguard against concentrating too much power in the hands of governments, businesses and other institutions."We propose a philosophy based on individual empowerment as the source of prosperity, invention as the primary purpose of superintelligence, and balance of power as the foundation of safety," he wrote.His broader argument centers on individual empowerment, using AI primarily to help people invent rather than simply automate work, distributing power through checks and balances and ensuring communities benefit from Meta's AI infrastructure investments.ZUCKERBERG PREDICTS MORE JOBS AND ENTREPRENEURSHIP IF SUPERINTELLIGENCE IS WIDELY DISTRIBUTED"All new technologies create opportunities and challenges. Superintelligence will be among the most important technologies in history, so its opportunities and challenges will likely be greater than any we've seen in our lifetimes. We should take this very seriously," he added.Zuckerberg said empowering individuals would allow people to compete with and check one another economically, socially and politically, while also helping balance the power of businesses and governments."But if the power of superintelligence is held by a small number of individuals, businesses, governments, or AI itself, then that will naturally lead to outcomes that are less favorable for everyone else," Zuckerberg said. "This is not a technological principle. It is about the balance of power. There is no such thing as a singular benevolent superintelligence."He said the key to a positive future for everyone is achieving a balance of power that favors individuals, arguing that superintelligence should be broadly distributed to empower people."Meta is the company primarily focused on building personal superintelligence for everyone," he said. "Most other labs are focused on building AI for companies, governments, or other institutions, so if those labs lead, then the balance of power will favor larger institutions over individuals. Meta's mission since our founding has focused on putting power in people's hands. If our beliefs and principles lead, then the balance of power will favor individuals and a better future for everyone."Zuckerberg also called for close cooperation between frontier AI labs and the government, saying government policy will be necessary to help ensure a positive future.As part of that… [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceMon, August 10, 2026
    12 hours ago
  • Thames Water gave finance boss a £1m signing-on fee
    The seven-figure payment was given to Steve Buck as part of package to persuade him to join the troubled utility company. [TheTopNews] Read More.
    BBC NEWS – Business | Business & CommerceMon, August 10, 2026
    13 hours ago
  • Burnham brings forward ban on ‘subscription traps’ to ease cost of l...
    The prime minister is embarking on a UK tour with a series of announcements aimed at easing living costs. [TheTopNews] Read More.
    BBC NEWS – Business | Business & CommerceMon, August 10, 2026
    15 hours ago
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