Today In The Markets

The president of Nippon Steel said he is seeing support in Rust Belt communities for the Japanese company’s proposed $15 billion takeover of US Steel — a deal opposed by both President Joe Biden and President-elect Donald Trump. Tadashi Imai told reporters on Wednesday that his company has made an effort to assuage skeptics who

A contractor for Chinese electric vehicle giant BYD on Thursday denied claims that Chinese nationals were working in slavery-like conditions at a construction site for the carmakers factory in Brazil. On Tuesday, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals who were working in slavery-like conditions at BYDs construction

Mark Zuckerberg dismissed reports that he is building a 5,000-square-foot “Doomsday bunker” underneath a $270 million compound in Hawaii — insisting instead that it’s just a “little shelter.” The 40-year-old tech tycoon was asked during a Dec. 19 interview with Bloomberg about rumors that he is constructing an underground facility beneath his 1,400-acre home on

Elon Musk urged his supporters not to donate to the nonprofit that runs Wikipedia after the organization budgeted more than $50 million to spend on controversial diversity, equity and inclusion (DEI) initiatives. “Stop donating to Wokepedia until they restore balance to their editing authority,” Musk wrote Tuesday on X, where he has nearly 210 million

The president of Nippon Steel said he is seeing support in Rust Belt communities for the Japanese company’s proposed $15 billion takeover of US Steel — a deal opposed by both President Joe Biden and President-elect Donald Trump. Tadashi Imai told reporters on Wednesday that his company has made an effort to assuage skeptics who

A contractor for Chinese electric vehicle giant BYD on Thursday denied claims that Chinese nationals were working in slavery-like conditions at a construction site for the carmakers factory in Brazil. On Tuesday, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals who were working in slavery-like conditions at BYDs construction

Mark Zuckerberg dismissed reports that he is building a 5,000-square-foot “Doomsday bunker” underneath a $270 million compound in Hawaii — insisting instead that it’s just a “little shelter.” The 40-year-old tech tycoon was asked during a Dec. 19 interview with Bloomberg about rumors that he is constructing an underground facility beneath his 1,400-acre home on

Elon Musk urged his supporters not to donate to the nonprofit that runs Wikipedia after the organization budgeted more than $50 million to spend on controversial diversity, equity and inclusion (DEI) initiatives. “Stop donating to Wokepedia until they restore balance to their editing authority,” Musk wrote Tuesday on X, where he has nearly 210 million

Holiday sales jumped more than expected this year as shoppers turned to online retailers forlast-minute discounts a sign that household finances remain healthy. Consumer spending during the holiday shopping season between Nov. 1 and Dec. 24 spiked 3.8% compared to the same period in 2023 above forecasts of a 3.2% rise, according to a Mastercard SpendingPulse

Holiday sales jumped more than expected this year as shoppers turned to online retailers forlast-minute discounts a sign that household finances remain healthy. Consumer spending during the holiday shopping season between Nov. 1 and Dec. 24 spiked 3.8% compared to the same period in 2023 above forecasts of a 3.2% rise, according to a Mastercard SpendingPulse

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The national airlines of Azerbaijan and Kazakhstan have suspended some flights to Russia after evidence suggested an Azerbaijani plane had been downed by Russian air defence systems. The Kazakh airline, Qazaq Air, said on Friday

A contractor for Chinese electric vehicle giant BYD on Thursday denied claims that Chinese nationals were working in slavery-like conditions at a construction site for the carmakers factory in Brazil. On Tuesday, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals who were working in slavery-like conditions at BYDs construction

Strive Asset Management, led by billionaire entrepreneur Vivek Ramaswamy, has filed a request with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on Bitcoin-linked convertible bonds. The proposed Strive Bitcoin Bond ETF is designed to offer exposure to bonds issued by corporations that use the proceeds to purchase Bitcoin

Elon Musks right-hand man in charge of cost-cutting is now recruiting staff at the Department of Government Efficiency, according to a report. Steve Davis has remained loyal to Musk for years, working across his companies and even sleeping overnight in the Twitter offices with his wife and newborn during Musk’s acquisition in 2022 when the

Bitcoin is becoming a critical asset in geopolitics, with several countries competing to build national reserves which will potentially reshape their financial sovereignty. While the global push for Bitcoin grows, skeptics are becoming advocates, Japan remains hesitant to join the trend. According to a report by local news outlet CoinJP, Japan remains cautious about adopting

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The wealth of US private capital bosses jumped by more than $56bn in 2024 as shares of Blackstone, Apollo and KKR hit new highs, fuelled by rapid growth and their addition to the main US

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT