Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has signed an executive order directing US government agencies to implement his trade deal with the UK.The president’s order will “operationalise” the US-UK agreement, under which Trump agreed to cut a 27.5 per cent American tariff on cars to 10 per cent for the first 100,000 vehicles shipped from the UK each year. The deal will also ensure UK exports of jet engines and other aerospace parts to the US are spared from US tariffs, according to people…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome to FirstFT Asia. In today’s newsletter: Tehran’s message for Israel in negotiationsTrump’s opening remarks at G7 summitMillennium in talks to sell minority stakeWe start in the Middle East, with the latest updates on the conflict between Israel and Iran.The latest: Israeli missiles hit the headquarters of Iran’s state television during a live broadcast on Monday. Footage shows the programme’s host leaving the…
An executor is someone named in a decedent’s last will and testament to settle their estate. This can involve paying the deceased’s outstanding debts and selling assets to raise the cash to do so. The remaining estate property is bequeathed to beneficiaries named in the will. The process can entail a good bit of work and agreeing to be the executor of someone’s estate is a bigger decision than many people realize. It’s important to consider the responsibility of the position and several other factors before agreeing to take on the role. Key Takeaways Executing a will requires a great…
Four in five Americans feel anxious about their financial situation, with 34% reporting they feel moderate or severe anxiety—yet most have never worked with a financial advisor. If you want to gain peace of mind about your financial future, investing in professional help could be the answer. This article breaks down what financial advisors do, when you might need one, how much they cost, how to choose the right one, and alternatives if you prefer to go it alone. Key Takeaways A financial advisor offers personalized guidance on investments, retirement planning, estate management, and more to help you reach your…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Millennium Management, one of the world’s largest hedge funds, is in talks about selling a minority stake to external investors at a $14bn valuation, as it presses ahead with plans to open up its ownership for the first time.People familiar with the discussions said that Millennium was working with Goldman Sachs’ Petershill Partners to identify potential buyers for a 10-15 per cent equity stake in Millennium’s management company. It is the first time a formal valuation has been put on the hedge…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A London tribunal has ruled that Metro Bank’s former top two executives were responsible for a £900mn accounting error at the UK high street lender.Craig Donaldson, Metro’s ex-chief executive, and David Arden, former chief financial officer, had challenged fines handed to them by the Financial Conduct Authority in 2022 for allegedly misclassifying a large number of commercial loans.The Upper Tribunal, which deals with appeals against the UK financial regulator’s decisions, found the two men were “knowingly concerned” in Metro’s breach of FCA…
Analysts see optimism for AMD’s new and upcoming AI chips that were unveiled last week — and now the stock may be catching up to that. Source link
EchoStar’s stock was having its best day in 17 years after a report that President Trump has tried end the dispute between the company and the FCC. Source link
Is inflation going to speed up again? Are businesses going to stop hiring? Are people going to cut spending? So many questions for Federal Reserve officials, but so few answers ahead of their meeting this week. Source link
A fresh Republican rift over taxes burst into public view Monday, as New York House Republicans slammed Senate GOP leaders for reportedly backing a plan to preserve the $10,000 cap on state and local tax deductions. Source link