Author: Arabian Media staff
The veteran CNBC reporter recalled the ups and downs of his first trade. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government plans to overhaul regulation of the growing market for in-house insurance, cutting capital requirements for special entities set up by companies to protect themselves from business risks.Large companies have made increasing use of in-house or ‘captive’ insurers in recent years, setting up entities to cover risks ranging from lawsuits to cyber attacks rather than buying external cover, partly in response to rising insurance prices. But UK companies have been opting to set up captives in jurisdictions such as Bermuda,…
Wholesale prices were unchanged in June and showed only a mild effect from U.S. tariffs, adding to the growing view that trade wars won’t lead to a big increase in inflation. Source link
Kraft Heinz split rumor is yet another reason to ignore Wall Street’s M&A hype machine. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apollo is in talks with Atlético Madrid about taking a stake in Spain’s third-biggest football club in a move that would mark a rare foray into sport for the Wall Street investment giant.The talks emerged out of Atlético’s hunt for investors to back an €800mn real estate project next to its stadium, according to one club official. The official said Apollo raised the alternative idea of taking a stake in Atlético Holdco, the company that controls the football club, during discussions over…
Ford’s stock turned lower after the carmaker said it would cost nearly $600,000 to fix fuel injectors on up to nearly 700,000 SUVs. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is a fellow at Stanford University’s Institute for Human-Centered Artificial Intelligence and the Cyber Policy Center. She is the author of ‘The Tech Coup’Look at the news cycle and it seems as if everyone is talking about AI and technology regulation. That is certainly the case in my bubble. But despite dominating headlines, technology barely ranks among voters’ top policy priorities and many politicians remain reluctant to engage with tech policy. The gap between the societal impact of…
Bank of America stuck to its financial outlook for the year as it reinforced the theme of the resilient American consumer and benefited from a flurry of trading around tariff jitters. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Profits at Goldman Sachs rose more than a fifth in the second quarter, as a surprise rally in investment banking added to a record period for the US bank’s equity traders. The Wall Street group comfortably beat estimates with net income of $3.7bn for the three months to the end of June, up from $3bn a year ago.Equities traders put in a record performance for the second quarter in a row, generating $4.3bn in revenues. The business was aided by big market moves following…
Johnson & Johnson’s stock gets a boost from an earnings beat and raised full-year outlook. Source link