Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.BlackRock asked a US judge on Monday to dismiss a lawsuit by Texas and other Republican-led states claiming asset managers conspired to suppress coal production, calling it an “unprecedented” case that could upend how the finance industry approaches corporate governance. Lawyers for BlackRock and other asset managers argued in a Texas courtroom that there was no evidence they directly sought to limit coal output or work together to advance policies to reduce carbon emissions. “The antitrust claims in this case are unprecedented,…
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 back to FirstFT Asia. On today’s agenda: Trump to deploy Marines to Los AngelesJimmy Lai’s son blasts UK ‘weakness’Japan’s ‘indispensable’ companiesHundreds of Marines will be deployed to Los Angeles despite calls by California’s governor not to send federal forces, marking a further escalation in a clash between the most populous US state and Donald Trump’s administration.What’s happening: About 700 Marines would be…
Information on gender, immigration status, bank account numbers and medical data all could be at risk Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS health secretary Robert Kennedy Jr has fired all of the members of a top vaccine advisory committee, an aggressive step that could alter the country’s immunisation policy. On Monday, the health and human services department said it removed 17 members of the advisory committee for immunisation practices, which makes recommendations about vaccine dosages for Americans and the age they should be administered. Kennedy, an outspoken vaccine sceptic, said he was remaking the panel to restore public trust in it,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chancellor Rachel Reeves has drawn up plans for a “housing bank”, to be announced as early as Wednesday’s spending review, alongside a potential long-term funding settlement for affordable homes of up to £25bn.The plans would enable Homes England, the government’s housing agency, to more easily deliver cheaper financing to housebuilders by redesignating it as a ‘public financial institution’, according to two people familiar with the matter.One of the people said the plan was akin to a “British housing bank”.The planned change comes…
While the lure of high returns often takes center stage in finance, savvier investors know that effectively managing risk is often what makes the biggest difference between long-term success and devastating losses. Risk management isn’t about avoiding risk entirely—it’s about understanding and mitigating it. Measuring the potential dangers ahead provides investors and financial professionals with the tools to assess potential downsides. These methods range from simple statistical measures to complex mathematical models, each offering insights of their own. By quantifying the risks they face, investors can better align their portfolios with their risk tolerance and financial goals. Below, we explore…
Reconciliation is a fundamental accounting process that ensures the actual money spent or earned matches the money leaving or entering an account at the end of a fiscal period. Reconciling the accounts is a particularly important activity for businesses and individuals because it is an opportunity to check for fraudulent activity and to prevent financial statement errors. Reconciliation is typically done at regular intervals, such as monthly or quarterly, as part of normal accounting procedures. Key Takeaways: Reconciliation is an accounting process that ensures that the actual amount of money spent matches the amount shown leaving an account at the…
Sticker Shock in the Showroom The average price of a new car is rapidly approaching the $50,000 mark, the highest level ever. And, the average price of a used 3-year-old vehicle shot above $30,000 in the first quarter of 2025, about $17,000 less expensive than the price of a new car, according to Edmunds. Inflation, rising interest rates, supply chain challenges, and tariffs, both on foreign-made cars and on component materials like steel and aluminum, are among the many factors driving up prices. In the reality of today’s auto market, how are people managing to buy cars? Key Takeaways Tight…
The sentiment around small-caps is really bad. That’s one reason they could finally shine. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI’s annual recurring revenue has almost doubled to $10bn, on the back of surging demand for its artificial intelligence tool ChatGPT.The company said the measure of expected revenue from subscriptions had soared from the $5.5bn it hit at the end of last year.OpenAI has grown at a breakneck pace since rolling out ChatGPT in late 2022. The chatbot was the fastest consumer app to reach 100mn weekly active users and now claims more than 500mn.That trajectory is mirrored by other leading AI…