Author: Arabian Media staff
Nvidia’s stock closed at a new all-time high on Wednesday, while Micron delivered an earnings beat on AI-driven demand for its memory chips Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US businessman John Textor has been threatened with legal action by three investors who backed his takeover of Olympique Lyonnais after the French club was demoted from the top division because of its financial troubles.Hedge fund billionaire Jamie Dinan and co-investors Alexander Knaster and Edward Eisler wrote to Textor on Wednesday claiming he is obliged to repurchase $93mn of shares in his company Eagle Football Holding, which owns Lyon and two other football clubs, and demanding he do so within a week.Textor…
United has a major hub at Newark Liberty International Airport, and Wall Street wonders just how much the late-spring communications problems and runway closure at the airport will weigh on the airline’s profits. Source link
Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.The UK’s financial ombudsman will be overhauled to stop it acting like “a quasi-regulator”, the City minister said on Thursday, opening the door to the potential introduction of a new appeal process for companies to challenge its decisions.Emma Reynolds said the conclusions of a review she was leading into the Financial Ombudsman Service would be announced next month as a critical part of the government’s financial services strategy.A plan being considered as part of the review is to hand greater control…
“My friend’s son and his fiancée found a house with an assumable mortgage at 2.5%.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A year ago, the generative AI mania sweeping through Silicon Valley and Wall Street faced a serious reality check.In a widely quoted note, Goldman Sachs’ head of equity research, Jim Covello, questioned whether the companies planning to pour $1bn into building generative AI would ever see a return on the money. A partner at venture capital firm Sequoia, meanwhile, estimated that tech companies needed to generate $600bn in extra revenue to justify their extra capital spending in 2024 alone — around six…
U.S. stock-market benchmark is making its way to a new record slowly — but it will get there. 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 “big, beautiful bill” has become an opportunity for special interest groups of all types to make a bid for whatever goodies they think they deserve. Running to more than 1,000 pages, it has become the perfect opportunity to request beneficial changes that, fair or not, will be pretty much drowned out in all the noise. An example is the debate over pass-through companies, and one type in particular. The American tax code has created a whole class of…
Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting the price increases to show up this week. Source link
Mortgage rates fell to a seven-week low this week, giving home buyers some reprieve from high borrowing costs, even as affordability remains strained. Source link