The grip of the so-called “Magnificent Seven” tech companies on US stock markets has loosened as investors focus on concrete results rather than solely on artificial intelligence’s potential. The seven largest tech groups — Microsoft, Apple, Amazon, Alphabet, Meta, Tesla and Nvidia — drove most of last year’s stock market gains as traders bet that
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The writer is a law professor at Texas A&M University and the author of ‘The Just and the Good: Twelve Laws That Made the Modern World’ (forthcoming) In December the Supreme Court in
As Jay Powell faced reporters on Wednesday following the US Federal Reserve’s first policy meeting of 2024, his mood was confident. Hailing “six months of good inflation” and predicting more to come, the Fed chair said: “Let’s be honest: this is a good economy.” Maybe a little too good. On Friday, markets were stunned by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Officials in the Bank of Japan have grown increasingly confident that the economy is robust enough to attempt an imminent exit from the world’s remaining negative interest rates. The central bank has become more bullish
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US forces have carried out a second phase of air strikes in response to the deaths of three American troops in Jordan last weekend, this time hitting targets in Yemen where Iranian-backed Houthi rebels have
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Michelle O’Neill was sworn in as first minister of Northern Ireland on Saturday, the first time a nationalist has held the post in a region created by partition in 1921 as a bastion of pro-UK
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images Company: BP plc BP provides energy products and services to its customers. The company’s segments include
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran and Iraq have warned that a wave of US strikes against militants backed by Tehran could trigger greater instability across the region. The US military said it hit 85 targets at seven facilities in
The head of the beleaguered UN agency for Palestinian refugees said he would stay in post as long as possible, defying Israeli demands for his resignation following allegations that a dozen of his Gazan staff took part in Hamas’s devastating October 7 attack on Israel. The allegations — still unproven — have caused the US
Stay informed with free updates Simply sign up to the Airlines myFT Digest — delivered directly to your inbox. European airlines are preparing for record passenger numbers this summer as people rush to book flights despite the economic gloom and high ticket prices. Ryanair, easyJet and Wizz Air, the region’s three big low-cost airlines, all
In this article MAA AVB CPT JBGS EQR Follow your favorite stocksCREATE FREE ACCOUNT A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy of the equation. So they can charge whatever the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkish central bank chief Hafize Gaye Erkan has quit just months into her tenure and been replaced by a deputy, the latest leadership shake-up at one of the country’s foremost economic institutions. Erkan, who was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How bad are things for the Conservatives? Well, let’s start by noting that even Tory MPs aren’t sure about voting for the party. Rishi Sunak has declined to endorse his party’s candidate in this month’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scrutiny of women at the top of companies can be brutal and unsparing. Nowhere more so than in the Wall Street ritual of the earnings call where executives face questions from financial analysts and investors
Everyone is worried about the west. For some it is under attack, from refugees, terrorists or wokery. For others the west is itself the problem, forever imposing its own values as a universal good. But no one is sure what it actually is — or rather, where it stops. It was easier when there was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese authorities’ promise of “forceful” measures last week was their most vocal attempt yet to halt a stock market sell-off that has wiped out almost $2tn in value. For many investors at a Goldman Sachs
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. A tax refund from Uncle Sam. Obliged, sir. See you at Cycene. But the cheque doesn’t sweeten all that much the annual ordeal of filling out the return. Nor is the process a lot
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US carried out strikes in Iraq and Syria on Friday, hitting targets that included elements of Iran’s Islamic Revolutionary Guard Corps, in retaliation for a drone attack killed three American troops based in Jordan.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US authorities have indicted nine individuals in connection with alleged schemes to smuggle Iranian oil, marking Washington’s latest salvo against Tehran as military tensions escalate between the two countries. The US Department of Justice on
A small-town southwest Missouri hospital is scrambling to restructure after its bond trustee declared it to be in default. In a special meeting Friday, the board of Nevada Regional Medical Center agreed to hire Stroudwater Associates’ Jason McCormick as its chief restructuring officer. The hospital had been searching for someone to fill that role after
Municipals saw losses Friday but outperformed by mostly sitting out a larger sell-off in U.S. Treasuries after jobs data showed higher-than-expected gains, forcing another recalibration for participants on rate cut timing. The January employment report came in stronger than expected, with wages rising at the highest rate since March 2022, leading analysts to suggest Federal