FT News Briefing
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A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.
FT News Briefing
18h ago
Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers. Plus, weapon shipments are heading to Ukraine after President Joe Biden signed a highly anticipated $95bn foreign aid bill.
Mentioned in this podcast:
Meta shares fall as it predicts higher expenditure on AI
EU conducts ‘dawn raid’ on Chinese security equipment supplier
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
J ..read more
FT News Briefing
2d ago
Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout.
Mentioned in this podcast:
Tesla revenue declines in first quarter as vehicle sales slow
Spotify hits record quarterly profit as it enters ‘new phase’
US FTC bans non-compete agreements
Demand for Egyptian debt surges after $55bn bailout and investment ..read more
FT News Briefing
3d ago
The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock, ByteDance ready to ‘move to the courts’ after the US pushes ahead with a bill demanding the Chinese parent sell its viral app in the country, and traders have built up bets that the Federal Reserve could actually raise interest rates. Plus, Goldman Sachs has relocated its head of financial institutions group for Europe from London to Paris.
Mentioned in this podcast:
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
TikTok gears up for legal fight in US to prevent ban
In ..read more
FT News Briefing
4d ago
Tesla shareholders are bracing for the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tensions rise, and China’s first-quarter GDP shows the effects of President Xi Jinping’s bet on manufacturing.
Mentioned in this podcast:
Tesla shareholders braced for worst results in 7 years
Why oil prices remain steady even as Middle East tensions escalate
Covid vaccine makers to clash in London over mRNA patent dispute
China warns west of ‘survival of the fittest’ as manufacturing boosts economy
Parisians struggle to cash in on Olympic Games re ..read more
FT News Briefing
6d ago
Both Donald Trump and Joe Biden made campaign stops last week in Pennsylvania, whose 19 electoral votes could decide the outcome of the 2024 election. But in a state with such a range of demographic groups, how can each find a message that will stick? The FT’s deputy Washington bureau chief, Lauren Fedor, and US political editor Derek Brower join to discuss.
Mentioned in this podcast:
Joe Biden’s speech to steel workers underscores union’s burgeoning influence
Joe Biden calls for tripling of tariffs on Chinese steel
Josh Shapiro warns Joe Biden gas stance could hurt election hopes
Sign ..read more
FT News Briefing
1w ago
Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is getting a big boost from the business class in his re-election campaign.
Mentioned in this podcast:
Netflix profits surge on strong subscriber growth
The great bet on rate cuts is off
European stocks suffer worst day in nine months
US to grow at double the rate of G7 peers this year, says IMF
Jay Powell says US inflation ‘taking longer than expected’ to hit target
Businesses bank on Narendra Modi election win to ease India’s bottlenecks
Luxury ..read more
FT News Briefing
1w ago
Iran is exporting more oil than at any time for the past six years, EU leaders are debating whether to unify the bloc’s fragmented capital markets, and the IMF warns that the US’s massive fiscal deficit poses significant risks to global markets. Plus, artificial intelligence needs an abundance of electricity to run, but the world is struggling to generate it.
Mentioned in this podcast:
Iran oil exports hit 6-year high as west prepares sanctions
Majority of EU states object to capital markets reform push
US deficit poses ‘significant risks’ to global economy, warns IMF
Booming AI demand threat ..read more
FT News Briefing
1w ago
Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.
Mentioned in this podcast:
Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups
Beijing reforms unloved state-owned enterprises to win back investors
US t ..read more
FT News Briefing
1w ago
US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.
Mentioned in this podcast:
Net interest income may have peaked for Wall Street banks
China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring
Israel weighs response to unprecedented attack by Iran
Pressure mounts on US lawmakers to approve new aid for Israel
Credit: NBC
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia ..read more
FT News Briefing
1w ago
Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.
Mentioned in this podcast:
Arizona court bans almost all abortions in Trump-Biden swing state
Donald Trump says abortion law should be left to states
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