Author: Arabian Media staff
U.S. stock-market futures declined Sunday, after Wall Street ended last week with its worst session since April. Source link
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome back to FirstFT Asia. In today’s newsletter: Starbucks vs Luckin CoffeeHow US-India ties deterioratedThe geopolitical tussle over Australia’s Darwin Port Stories about US-China rivalry often centre on artificial intelligence, trade or defence, but we start today with a different area of competition — that between American and Chinese coffee chains. Luckin vs Starbucks: Chinese chain Luckin Coffee recently opened two stores in…
White House defends firing following worse-than-expected jobs report; Democratic senator says investigation is warranted Source link
Tariff threats from President Trump and a weakening U.S. labor market have unsettled financial markets ahead of a seasonally weak period for stocks between August and October. Still, there’s plenty of reason to hold tight and look past any choppy trading. Source link
Several senior Federal Reserve officials on Friday characterized the labor market as “solid” even after a poor July jobs report and appeared in no rush to lower U.S. interest rates. Source link
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Trump administration lawyers are trying to save ‘liberation day’ tariffs—or risk losing billions in government revenue. Source link
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