Author: Arabian Media staff
Banks are pitching home-equity lines of credit as a cheaper form of borrowing as Federal Reserve rate cuts could lower HELOC rates to the mid-6% range, according to one estimate. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI’s former chief technology officer Mira Murati has raised $2bn for her new artificial intelligence start-up, in a deal which values the mysterious six-month-old company at $10bn. The deal, which closed recently, according to multiple people familiar with the transaction, was one of the largest “seed” — or initial — funding rounds in Silicon Valley’s history.San Francisco-based Thinking Machines Lab has not declared what it is working on, instead using Murati’s name and reputation to attract investors, said those familiar with the…
The S&P 500 chart is bullish, but many market indicators are bearish. Bet the chart to win. Source link
The parent company of Olive Garden’s stock touched an all-time high before pulling back, after sales at the Italian restaurant chain rose the most in more than two years. Source link
“The bank suggested filing a claim for unclaimed property in the state where I reside.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Harrods has asked the High Court to appoint special executors to the estate of its late former owner, Mohamed Al Fayed, in an attempt to open up another route for compensation for alleged victims of his sexual abuse.The luxury London department store confirmed on Friday that it has lodged a so-called passing-over application to appoint professional executors to carry out the administration of the estate. That means his widow and two daughters could be replaced as executors, according to a person familiar with…
This isn’t the first time energy stocks have zigged while everything else has zagged. It seems to be a feature, not a bug. Source link
Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.The writer is former editor-in-chief of Wired magazine and writes Futurepolis, a newsletter on the future of democracyEven by Silicon Valley’s historically rarefied standards, Big AI is spending stratospheric amounts on talent this year. Meta has invested $15bn in Scale AI, a data labelling start-up that claims just 900 employees. Scale’s 28-year-old chief executive, Alexandr Wang, will take up a job at a new Meta lab devoted to creating AI “superintelligence”. His cash and equity in the deal is reported to be…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump’s tariffs have opened a schism at the Federal Reserve as top policymakers spar over whether to cut interest rates as soon as this summer or hold them steady for the remainder of 2025.Christopher Waller, a Fed governor seen as a candidate to replace Jay Powell as its next chair, on Friday called for a rate cut as soon as next month and played down the risks that US president’s levies would push up inflation. “We’ve been on pause for six months…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief executive of Hospice UKThe vote by MPs to pass the Terminally Ill Adults (End of Life) Bill represents a seismic milestone for death and dying in England and Wales. Views on assisted dying are varied, largely irreconcilable and passionately held. Yet the debate has been characterised by deep conviction and deep empathy on both sides.The introduction and passage of Kim Leadbeater’s bill threw into the mainstream a question we often avoid, as individuals and as a society. What…