Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The widespread drop in global house prices that hit advanced economies has largely petered out, according to a Financial Times analysis of OECD data, leading economists to predict that the deepest property downturn in a
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has won the South Carolina Republican primary, inflicting another defeat on Nikki Haley in the race to win the party’s presidential nomination — this time in her home state. While Trump’s margin of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett has warned Berkshire Hathaway shareholders that his sprawling $905bn conglomerate has virtually “no possibility of eye-popping performance” in the years ahead, laying bare the challenges that will confront his successors. The so-called Oracle
Prime Minister Benjamin Netanyahu has finally unveiled Israel’s plans for Gaza after hostilities end in the enclave, submitting to his war cabinet a formal proposal that directly contradicts the objectives of the US. The one-page document, released overnight by his office, makes no mention of any role for the Palestinian Authority, the West Bank-based rival
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets rallied on Thursday as chipmaker Nvidia’s bumper overnight results boosted technology groups and pushed indices in Japan and Europe to all-time highs. Nvidia surged more than 14 per cent in pre-market trading after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia revenues soared 265 per cent in the latest quarter to $22.1bn as the world’s most valuable chip company benefited from a spending frenzy on artificial intelligence. The revenue performance beat analysts’ already heightened expectations
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When a rival claims that they need $7tn to keep up, you know you’re in a good position. Nvidia’s command over chips tailored for artificial intelligence led OpenAI’s Sam Altman to set a wild goal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Goldman Sachs’ top investment bankers have threatened to quit after being excluded from a new operating committee established under chief executive David Solomon, according to people familiar with the matter. Mark Sorrell, the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opposition leader Sir Keir Starmer was set to dodge a large-scale rebellion of Labour MPs on Gaza on Wednesday after a controversial decision by the House of Commons Speaker sparked outcry in Westminster. The move
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England sees “encouraging signs” in important areas of inflation, its governor has said, adding that the bank did not need price growth to hit its 2 per cent target before reducing interest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The eurozone’s collective wage growth has slowed for the first time in 18 months, but economists said the decline was unlikely to be enough to ease rate-setters’ concerns over high inflation. Data released by the
On Friday, New York County Supreme Court Justice Engoron ordered Donald Trump to pay a staggering $355 million for repeatedly inflating asset values in statements of financial condition submitted to lenders and insurers. When the interest that Engoron also approved is considered, the total penalty rises to $450 million. All told, Trump and his co-defendants,
The trial in Dominion v. Fox News, which has already resulted in bombshell revelations about the right-wing media giant and the 2020 election, is scheduled to begin Tuesday. Unless a settlement is reached, a jury will determine whether Fox is financially liable for broadcasting and promoting false claims about Dominion Voting Systems voting machines rigging
A face for the ages — New compact facial-recognition system passes test on Michelangelos David Flatter, simpler prototype system uses 5-10 times less power than smartphone tech. Jennifer Ouellette – Feb 19, 2024 10:53 pm UTC Enlarge / A new lens-free and compact system for facial recognition scans a bust of Michelangelos David and reconstructs
Loading… Loading… Robinhood Markets Inc HOOD , will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects a negative 1 cent in EPS and $453.46 million in revenues as the company reports after market hours. The company is known for being a financial technology company that provides commission-free trading of stocks, exchange-traded funds, options,
Everything has a price — Reddit sells training data to unnamed AI company ahead of IPO If you’ve posted on Reddit, you’re likely feeding the future of AI. Benj Edwards – Feb 19, 2024 9:10 pm UTC EnlargeReddit reader comments 118 On Friday, Bloomberg reported that Reddit has signed a contract allowing an unnamed AI
On Thursday, the Biden administration announced a new plan to enact large-scale student loan forgiveness, this time by targeting borrowers experiencing financial “hardship.” Under the proposal, borrowers would be eligible for forgiveness if they meet certain criteria demonstrating financial hardship, such as their “total student loan balance and required payments relative to household income” and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time. The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt
Loading… Loading… Nvidia Inc NVDA and Meta Platforms Inc META , top artificial intelligence (AI) plays and elite members of the Magnificent 7 club, are topping the S&P 500 leaderboard so far this year. These two stocks were among the best performers of 2023 indeed, Nvidia was the years winner by a country mile with
to the (aero)max — That time the Morgan Motor Company designed a modern coupe, the Aeromax Morgan is still best known for making throwback roadsters and for still using wood. Alex Goy – Feb 19, 2024 11:00 am UTC Enlarge / No, it’s not the Batmobileit’s the Morgan Aeromax.Morgan reader comments 6 The Morgan Motor