Author: Arabian Media staff
Tariffs aren’t yet showing up in inflation data, but that doesn’t mean they won’t in the coming months, says Richard Clarida, a former Federal Reserve Vice Chair and now an economic adviser at Pimco Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s artificial intelligence company xAI is nearing a $9.3bn debt and equity deal, as investors looked past the billionaire’s spat with President Donald Trump that had complicated the capital raising efforts. Investors have placed orders of more than $5bn in a bond and loan offering, giving the company’s bankers at Morgan Stanley confidence that they can finalise the financing round, according to people briefed on the matter. xAI has told investors it also expects to complete a $4.3bn equity raise alongside…
The stock market boomed during the first Trump administration. The S&P 500 rose more than 83%, the Dow Jones Industrial Average climbed 73%, and the Nasdaq Composite surged 152%. Driven in part by factors like the 2017 Tax Cuts and Jobs Act, near-zero interest rates, low unemployment, and strong economic growth (though growth contracted briefly during the COVID-19 pandemic). Key Takeaways Tech and clean energy stocks saw a big boost in the first Trump presidency.Pandemic-driven digital transformation was a major growth factor during that time.The 2017 Tax Cuts and Jobs Act (TCJA) helped fuel corporate expansion. Stock indices like Dow…
Trump tariffs are not boosting domestic manufacturers. Source link
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.The EU will adjust its merger rules for defence companies and give reassurances about their compliance with environmental standards, under a raft of measures aimed at easing investment in Europe’s arms industry.The European Commission on Tuesday made the proposals aimed at attracting more investment in a defence sector previously shunned by some lenders wary of the reputational risk associated with the arms industry. Brussels warned that Europe needed to rapidly scale up weapons manufacturing to “prepare for and thereby deter a…
Builders’ confidence in the housing market sank in June, the National Association of Home Builders said. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldSir Keir Starmer will send his top business adviser to Washington next week in a bid to resolve the outstanding trade issues surrounding steel and pharmaceuticals between the two countries, with hopes in London of an agreement in early July.Varun Chandra will join UK embassy trade experts in Washington for talks on steel, aluminium and medical drugs, after Donald Trump decided on Monday to sign off tariff cuts for British carmakers and aerospace firms under the US-UK trade deal.While Trump’s…
Image credit: Getty Images Saudi Arabia has achieved a new milestone in entrepreneurship, with its capital, Riyadh, advancing 60 places over the past three years to rank 23rd among the top 100 emerging startup ecosystems globally. This achievement was featured in the Global Startup Ecosystem Report 2025, published by Startup Genome in partnership with the Global Entrepreneurship Network. Read-Trump’s Saudi Arabia visit unlocks $600bn in investment deals The country’s remarkable progress highlights its rapid development in the entrepreneurial landscape, particularly evident in strong venture capital indicators, advanced infrastructure, and increasing innovation and investment in emerging technologies, a Saudi Press Agency…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Small- and mid-cap brokers in the UK, like boozy lunches, are an imperilled breed. No surprise then to see Peel Hunt, itself a vocal doomsayer, say this week that it had slid into the red last year.Playing comprador to companies on a shrinking stock market is a tough task. Peel Hunt advises companies on their strategy, publishes equity research and acts as a market-maker for investors. But small companies pay small retainers — Peel Hunt averages under £60,000 per client. Subsequent deal…
Stay informed with free updatesSimply sign up to the US economy myFT Digest — delivered directly to your inbox.US retail sales fell by the most in two years in May following a burst in stockpiling during previous months as uncertainty over tariffs continues to distort consumer spending behaviour.Sales of $715.4bn were down 0.9 per cent from April, figures released by the US Census Bureau on Tuesday showed. That was the biggest monthly drop since May 2023.The data, which was also probably affected by rainy weather conditions, highlights the volatility in consumer purchasing habits caused by Donald Trump’s trade war. The…