The palace, rebuilt after a fire destroyed it in 1834, is falling apart. There have been 36 fire incidents since 2016. Water leaks, heating failures and sewerage problems plague the heart of this Unesco world heritage site. Fixing Westminster would save money in the long run. An upgrade is also a matter of safety and legacy.
The industrial sector doesn't make headlines like tech stocks do, but it's the machinery behind infrastructure spending, defense budgets, and manufacturing cycles. When GDP growth accelerates or governments commit to multi-year infrastructure plans, industrial companies see order books expand. That's the core thesis behind The Industrial Select Sector SPDR Fund ( NYSEARCA:XLI), which offers pure exposure to this cyclical sector through 81 holdings and charges just 0.08% annually.
Indian Prime Minister Narendra Modi's government has unveiled its annual budget, aiming for steady growth in an uncertain global economy rocked by recent tariff wars. Finance Minister Nirmala Sitharaman presented the budget for the 2026-2027 financial year in Parliament on Sunday, prioritising infrastructure and domestic manufacturing, with a total expenditure estimated at $583bn. India's economy has so far weathered punitive tariffs of 50 percent imposed by United States President Donald Trump over New Delhi's imports of Russian oil.
Money was no object for the AI industry in early 2025. A vibe check crept in the second half of the year. OpenAI raised $40 billion at a $300 billion valuation. Safe Superintelligence and Thinking Machine Labs raised individual $2 billion seed rounds before shipping a single product. Even first-time founders were raising at a scale that once belonged only to Big Tech.
Six of the seven have experienced mixed or negative returns at points throughout the year, with broad concerns over valuations, sector rotations, and sustainability weighing on performance. In contrast, one unexpected name has outperformed six of the seven: Caterpillar ( ), the heavy equipment manufacturer. On a total return basis (capital appreciation plus dividends), Caterpillar trails only Alphabet by about one percentage point or so as of last Friday's close.
If you think about it, Anthropic has come very far in a short time with limited name recognition compared to rivals like Google and OpenAI. Today, Anthropic is frequently seen as the favorite in enterprise AI. Valued at $183 billion ( for the moment), Anthropic is on track to hit an annualized revenue run rate of nearly $10 billion by the end of 2025-and has told investors that figure could reach $70 billion by 2028.
Ministers are expected to indicate a greater degree of caution in the upcoming Summer Economic Statement and National Development Plan as the economic model faces threats.
