Author: Arabian Media staff
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams said Wednesday. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Canada’s Alimentation Couche-Tard has withdrawn its record-breaking $50bn proposal to acquire Japan’s Seven & i Holdings, bringing an end to its year-long campaign to pull the 7-Eleven owner to the negotiating table on friendly terms.Couche-Tard, which owns Circle K, on Thursday said a lack of “constructive engagement” by Seven & i led to its decision to withdraw the unsolicited takeover proposal that would have resulted in the largest deal for a Japanese company by a foreign group.“There has been no sincere or…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.United Airlines said “acceleration” in demand amid declining geopolitical and economic uncertainty should help it avoid the previous quarter’s “recessionary” forecast for full-year earnings.The more optimistic outlook came as the carrier reported second-quarter results that were below Wall Street forecasts, but included revenue that topped $15bn for the first time.The biggest US airline by revenue on Wednesday said beginning in early July it had seen a 6-point acceleration in overall demand and a double-digit acceleration in business bookings compared to the second…
Until very recently, shares of Opendoor Technologies Inc. had largely been left for dead. But over the past week, retail traders swapping stock tips on social media have helped bring them back to life. 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: Trump’s latest attack on the Fed chairUS set to ban Chinese tech in submarine cablesFT investigates US immigration detention facilitiesDonald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell in a move that fuelled a fresh bout of concerns over the central bank’s independence and hit the dollar. What happened: Trump asked…
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.Britain and Germany will on Thursday vow to work more closely to sell jointly made weapons, including Typhoon jets, in a deal that Downing Street claims can unlock “billions of pounds of additional defence exports”.Exports of jointly made defence kit have been a source of tension between the two countries for years, with Germany exercising its veto right to block sales to countries such as Turkey and Saudi Arabia.Sir Keir Starmer, UK prime minister, and German chancellor Friedrich Merz will sign…
Operating Profit vs. Net Income: An Overview Two important terms found on any company’s income statement are operating profit and net income. Both profit metrics show the level of profitability for a company, but they differ in important ways. Operating profit shows a company’s earnings after all expenses are taken out except for the cost of debt, taxes, and certain one-off items. A company can also decide to adjust its operating profit to deduct deferred taxes. Net income, on the other hand, shows the profit remaining after all costs incurred in the period have been subtracted from revenue generated from…
Trump is a maestro at news management Source link
In uncertain times, some investors try to buy the dip with stocks. Others buy bonds. But when the economy shows serious signs of strain—high inflation, political volatility, or a looming recession—gold tends to steal the spotlight. After all, it’s been the go-to store of value for centuries. And lately, it’s been living up to that reputation: Over the past year, gold has surged to new all-time highs, with a latest record surpassing $3,500 an ounce in April 2025. Is gold really the ultimate safe haven in economic storms? Or is it just a shiny distraction from better long-term options? One…
With his two dozen letters to U.S. trading partners last week, President Donald Trump promised elevated tariffs on Aug. 1 largely to tackle an issue he’s raised for decades — trade deficits. Source link