Author: Arabian Media staff
The iPhone maker is committing $500 million to buying rare-earth magnets from the company’s flagship facility in Texas, which Apple is helping to build out. Source link
Stay informed with free updatesSimply sign up to the Automobiles myFT Digest — delivered directly to your inbox.French carmaker Renault has named finance chief Duncan Minto as interim chief executive as it lowered its annual guidance, citing weaker than expected sales in June. In a statement on Tuesday, the company said the selection process for a permanent successor to Luca de Meo was “already well under way”. One person familiar with the matter said a new chief executive could be announced by the end of the month. Renault said it now expected an operating margin of around 6.5 per cent…
The U.S. bond market was in the process of selling off on Tuesday in a manner that tends to spell fresh trouble for many stock investors. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chancellor Rachel Reeves will tell a City of London audience on Tuesday that Britain’s safety-first regulatory culture is acting as “a boot on the neck of business”, as she promises to sweep away red tape across the economy.Reeves will use her annual Mansion House speech to announce what she claims is the biggest cut to financial services regulation in a decade, arguing that Britain has engaged in a corrosive attempt to eliminate risk from the economy.She will say that the drive against…
Inflation in June showed scattered signs of rising costs tied to the Trump tariffs, but Americans simply aren’t paying sharply higher prices because of U.S. trade wars. Here are four things we learned from the latest consumer-price index report. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.No engineer left behind. On Friday night, Google said it would hire the top talent of a developer of artificial intelligence tools called Windsurf, including its chief executive. As part of the $2.4bn package, it will also license Windsurf’s technology. Welcome to Silicon Valley, where the line between acquiring people and acquiring businesses gets ever fuzzier.While tech giants are getting a warmer reception from US President Donald Trump’s administration than they did under Joe Biden, making acquisitions is still far from easy.…
Are the Social Security Trustees too optimistic? Source link
Albertsons shares falls as the gross margin rate drops to the lowest rate in five years, as the company tried to keep prices down despite rising costs. Source link
Delta Air Lines’ recent success set off a debate on Wall Street on whether the airline sector is primed to repeat a late-year rally. Source link
Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.JPMorgan Chase and Citigroup struck an upbeat tone on the strength of US consumers, underscoring how the world’s biggest economy has remained resilient despite the effects of Donald Trump’s tariffs. The duo of Wall Street banks said there were signs that Americans’ financial footing was solid even as they contend with persistently elevated prices, high interest rates and broader economic uncertainty. “The strength of the US economy, driven by the American entrepreneur and a healthy consumer, has certainly been exceeding expectations of…