A renowned AI expert has swapped jobs from Apple to Meta – and will pick up a $200m deal for himself in the process.

Ruoming Pang will earn that fee in the role over the course of “several years” according to reports.

His salary reportedly exceeds every employee at Apple other than CEO Tim Cook.

Rachel Reeves has put her plans to reform cash ISAs on hold after speculation that she was considering reducing the allowance for tax-free cash savings was met with criticism from banks and building societies.

Savers have a £20,000 annual allowance which can be split across ISA types, but the most frequently used version is the cash ISA, which gives people a tax-free savings account. However, the government wants to encourage more people to start investing, to generate better long-term returns.

US stocks have fallen in the main on Friday, with the S&P 500 down 0.56 per cent.

However, crypto trading platform Coinbase saw its share price rise on opening to briefly hit a new all time high at $398, following bitcoin’s surge to record prices.

A sell-off quickly ensued in Coinbase stock and it’s now flat for the day, but remains 55 per cent up for this year.

Recently we’ve seen gold hit record high prices, then bitcoin, the FTSE 100 and more – now it’s the turn of silver.

While not quite an all time high, the metal has hit 14-year highs, rising to just above $38.50 for its highest peak since 2011.

Then, prices rose to a peak of more than $48, but for most of the last five year it has been between $25 and $30.

That has been widely seen as a positive by most, but not all. In both cases, criticism of Reeves is ongoing.

Richard Wilson, Chief Executive at interactive investor, said: “The Chancellor’s fumbling and indecision means that the overall goal of ISA simplification has been delayed completely. We need action to cut the needless complexity. We’ve said it time and time again – there only needs to be one ISA.”

Jason Hollands, managing director of Bestinvest, said:

“This is welcome news for savers and a victory for the lobbying efforts of banks and building societies, as well as personal finance press. The rationale behind limiting Cash ISAs, that it would somehow drive people into investing in stocks and shares instead and boost the UK economy, was pretty questionable.

“While I would certainly encourage more people who have excess cash to invest it for the longer-term, simply restricting people’s ability to save cash tax-efficiently is unlikely to drive a fundamental change of behaviour. The only certainty behind such a move would have been to expose more of their hard-earned savings to tax.”

Victor Trokoudes, CEO and founder of ISA provider Plum, said:

“We welcome the news reports that Rachel Reeves has decided to put Cash ISA reforms on hold. We fundamentally believe in giving people a choice over how they make their money work for them.

“We’ve called for a wider consultation from the very start to ensure that any proposed ISA reforms are informed by a broad range of views and expertise. So we’re pleased that the Government appears to be committing to this. Our research had found that the suggested reduction to the Cash ISA allowance was unlikely to deliver the outcomes the Government wanted, with more people likely to opt for a standard cash savings account instead of investing.”

JPMorgan analysts have highlighted an improvement in London’s office space market.

Rental growth is continuing and vacancy rates are dropping, the investment bank said.

Great Portland Estates have suggested the price of office real estate could rise this year by up to 10 per cent accordingly.

Paddy Power owner Flutter has taken complete ownership of US betting and gaming business FanDuel.

The London-listed gambling giant said it has purchased the remaining 5% of FanDuel it did not own from Boyd for 1.76 billion US dollars (£1.3 billion).

It now has 100% ownership of the business, which has rapidly grown in recent years on the back of easing sports betting rules in US states, after first investing in the firm in 2018.

The move values FanDuel at around 31 billion US dollars (£22.9 billion).

Looking ahead to the markets opening in the US this afternoon, futures trading shows a fall is incoming.

The S&P 500 is 0.62 per cent down, with the Nasdaq at 0.53 per cent negative.

Smaller firms in the Russell 2000 are down almost a full 1 per cent.

The same red numbers can be seen around Europe today, with the FTSE 100 down 0.5pc, Germany’s DAX down 1pc and Spain’s Ibex 35 down 0.8pc.

Investing platform Robinhood is offering an expanded service for 24-hour trading in Europe.

The company will use tokenised US stocks and ETFs to do so – digital versions of real equities, issued on blockchain.

“Right now, what we’re launching in Europe is that EU customer will have access to 200 plus US stocks and ETF tokens, and the stock token holder will also be able to receive dividends directly into their app,” Robinhood crypto senior vice president and general manager Johann Kerbrat said to Yahoo Finance.

Airlines can expect to be charged more by Heathrow Airport as it bids to invest £10bn in upgrades over the coming five years.

An extra 10m passengers a year would be the upshot if plans are approved.

£2bn will come from shareholders with the other £8bn passed on in costs to airlines – who themselves usually pass on such increases to passengers paying air fare.