Author: Arabian Media staff
The stock market’s rally since June hinged on only a handful of familiar technology names Source link
Stay informed with free updatesSimply sign up to the UK property myFT Digest — delivered directly to your inbox.Companies renting offices, shops or warehouses will be able to negotiate cheaper deals with landlords for the first time under government plans to end the historic system of “upward-only rent reviews” for new leases in England and Wales.The English Devolution and Community Empowerment Bill published on Thursday includes a provision to ban clauses in commercial property leases that say rents cannot go down when a rental agreement is renewed.The clauses have been standard in Britain’s property market for decades, giving security to…
President Donald Trump’s plan to hit Brazil with a 50% import tax on Aug. 1 threatens to increase prices for coffee and orange juice, two of the South American country’s key products. Source link
Should you believe the financial “geniuses” of Wall Street? Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldJPMorgan Chase chief executive Jamie Dimon warned European leaders they have a competitiveness problem and that they are currently “losing” the battle to rival the US and China. “Europe has gone from 90 per cent US GDP to 65 per cent over 10 or 15 years. That’s not good,” Dimon said at an event in Dublin organised by the Irish foreign ministry. “You’re losing.” The comments from Dimon, one of the most influential voices in global finance, underscores the challenges facing the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Once upon a time, Robinhood merely offered trading in companies with outlandish valuations. Now, the online broker has become one itself. Founder Vlad Tenev is building a fast-expanding empire whose affinity with cryptocurrencies fits the current political mood. At 72 times this year’s forecast earnings, investors are making some heroic assumptions.Shares in Robinhood have risen 150 per cent this year, buoyed not only by the seemingly irrepressible trading activity of its retail investor customers, but also by expectations that once cryptocurrencies are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Will and John Kellogg invented cornflakes to provide patients at the Battle Creek Sanitarium with a bland, easily digestible breakfast, which — they apparently believed — would dampen unseemly urges. Italian confectioner Ferrero, which has agreed to pay $3.1bn for WK Kellogg, appears to be making a contrarian bet that it can make cereal sexy.Strategically, there are some good reasons for Ferrero to scoop up the cereal maker. The privately held purveyor of Nutella spread, Kinder eggs and Ferrero Rocher pralines —…
Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, believes the S&P 500 can rally another 12% this year. Source link
Although retirement seems far away in your early twenties, it is important to start saving, even though it can feel easy to postpone. According to the Teachers Insurance and Annuity Association Institute (TIAA), only one in five Gen Zers is setting aside money for retirement. While it may be tempting to delay thinking about retirement, starting early and staying consistent lays the foundation for a financially comfortable future.The power of compounding interest works best when given time to grow and allows small contributions to transform into large sums over time. Generally, experts recommend aiming for a 401(k) contribution of at…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Law firm Quinn Emanuel has sued a listed 3D printing company, claiming it was short-changed on a $30mn fee for winning a legal battle over a troubled merger. Quinn represented 3D printer Desktop Metal in a Delaware court fight to complete its $183mn acquisition by larger rival Nano Dimension. A judge ordered the deal completed in March but Quinn has yet to be paid, and now claims it is owed $90mn by Nano as the successor company. “Nano Dimension and its CEO,…