Author: Arabian Media staff
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…
David Kessler claims in his latest book that he is average, admitting that he has been in a despairing battle with his own body, yo-yoing between fat and thin, all his life. Yet except for sharing this health-destroying weight problem with three-quarters of the American and two-thirds of the British populations, he is anything but average. A former dean of two of US medical schools, Kessler was chief science officer to the White House for the Covid-19 pandemic, a period of overwork that led him to put on 40lbs. He also ran the US Food and Drug Administration for several…
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The key points In June, US headline CPI inflation rose at an annual rate of 2.7 per cent, slightly above market expectations Core CPI at 2.9 per cent was in line with expectations, but signs of tariff-driven inflation continue to build in key categories, suggesting that broader price rises are in the pipeline in the months ahead The verdict US headline and core CPI inflation were well-behaved in June, coming in roughly in line with expectations. But rather than the aggregated figures, we…
Bessent says formal process to find replacement has begun Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Austria’s public prosecutor has filed criminal charges against René Benko, the tycoon who founded collapsed real estate group Signa, accusing him of insolvency-related fraud. The charges, filed in Vienna on Tuesday, accuse Benko of concealing and misusing assets worth €660,000 to the detriment of creditors in his personal insolvency case. Prosecutors allege that Benko, who has been in detention since January, made an unjustified €360,000 advance rental payment and donated €300,000 to relatives while his financial collapse loomed. The charges carry a…