Author: Arabian Media staff

Thursday’s employment report could result in a Trump tantrum about interest rates if it comes in weak. Source link

This state faces the biggest federal Medicaid funding shortfall under the Senate version of the bill. And it’ll probably end up costing even more. Source link

The chip maker is reportedly considering not offering its 18A node externally because it has been unsuccessful in attracting new customers. Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s flagship spending plan cuts support for US production of critical minerals, despite intensifying competition with China and efforts to reshore an industry essential to consumer and defence technology.The legislation will remove a 10 per cent tax credit on the production costs of companies that extract, refine and recycle critical minerals — such as lithium, nickel, cobalt and magnesium — and penalise companies for using parts made by foreign countries. Estimates by Congress’s Joint Committee on Taxation said the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.After years of being a UK banking also-ran, TSB is suddenly the most popular lender at the party. The British high street bank, carved out of Lloyds Banking Group more than a decade ago, has taken on a crucial role in two separate multibillion-pound takeover battles.In one, TSB is the target. Santander agreed to buy the bank from parent Sabadell for £2.7bn on Tuesday, seeing off competition from Barclays. But Sabadell is also a target of a hostile bid from Spanish rival…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investors are warning that if AstraZeneca left London to list in New York, it would be a loss for the entire market and potentially the UK economy. Iain Pyle, a fund manager at Aberdeen, said it would be “disappointing” if the largest FTSE company leaves the UK market. AstraZeneca’s chief executive, Sir Pascal Soriot, has expressed his frustration with the UK environment, according to two people familiar with the matter.“It’s the biggest name in the market and it has a ‘halo’ effect as…

According to a recent NielsenIQ report, Gen Z will be the largest, wealthiest, and highest-spending generation in history. By 2030, their total spending will reach $12.6 trillion or 18.7% of global spend, potentially reshaping markets and consumer preferences. Key Takeaways Gen Z will become the largest and most economically powerful generation by 2030, driving $12.6 trillion in global spending. As digital natives, Gen Z consumers prioritize convenience, social media influence, and ethical values (alongside price and quality).  With less than half of Gen Z’s spending coming from the West, emerging markets and global trends will play a larger role than…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft has launched its second major round of company-wide job cuts this year as the Big Tech group moves to cut costs. The Redmond, Washington-based company said it would eliminate just under 4 per cent of its workforce, equivalent to roughly 9,000 workers. The job losses will be spread across the company. Wednesday’s announcement follows Microsoft’s decision to cut roughly 6,000 roles in May and 2,000 roles in January for what it called “performance-related” reasons. These waves come on top of axing…

U.S. stocks are likely to be higher on Dec. 31 — and it has nothing to do with politics or the economy. Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldShares of healthcare provider Centene plunged nearly 40 per cent to their lowest level since 2017 after the company said ballooning costs skewed its forecasts and forced it to withdraw its guidance.In a regulatory filing late Tuesday, Centene said its healthcare patient spending related to the Obamacare insurance marketplaces and Medicaid were higher than estimated so far this year. Analysts expected the higher spending would cut into the company’s near-term profits.The company said it was hit by higher Medicaid costs…