Author: Arabian Media staff
Earnings Watch: Results are due from RH, Victoria’s Secret, GameStop, Oracle and Adobe Source link
Questions about inflation and labor-market data could influence the central bank’s decision-making, and potentially impact markets. Source link
US restaurants are bracing for staff shortages as the Trump administration’s immigration crackdown threatens to squeeze an already-tight labour market.Restaurant operators nationwide said they were coming under greater scrutiny as immigration officials conduct enforcement sweeps to verify the employment status of workers, including visits to more than a hundred Washington businesses in May. This “very public” enforcement by immigration officials, including the presence of armed officers at recent site visits in Washington, had left some people afraid to come to work, said Tony Foreman, the owner of five restaurants in nearby Maryland, including The Duchess, which opened in Baltimore late…
Westinghouse is in talks with US officials and industry partners about deploying 10 large nuclear reactors to meet the goals of President Donald Trump’s executive orders, which aim to unleash an American atomic energy renaissance.The Pennsylvania-based nuclear developer is one of a handful of western companies capable of designing and building large reactors, which typically have capacity to generate about 1,000MW of electricity, enough to power more than 500,000 homes.The orders, which were published on May 23, set targets for quadrupling nuclear energy capacity in the US by 2050, starting work on 10 large reactors by 2030 and accelerating regulatory…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU must drastically cut the number of companies required to comply with its law designed to curb abuses in supply chains, the lawmaker in charge of negotiating the directive has said.Swedish conservative MEP Jörgen Warborn said, however, that the politically toxic law — which was finalised last year and will require companies to take action on environmental and human rights abuses — must remain in force despite calls from Paris and Berlin for it to be scrapped.“If you go down the…
This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello readers. If there is one thing US President Donald Trump obsesses over even more than the size of crowds at his rallies, it is the level of investment pledges he has secured from companies and countries.The White House maintains a running list of the president’s second-term deals on a webpage entitled “Trump effect”. The commander-in-chief recently claimed that commitments had already exceeded $10tn,…
Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.Figures this week are expected to show a pick-up in US inflation in May as the effects of President Donald Trump’s tariffs are beginning to appear in the data.Economists polled by Reuters are forecasting a 2.5 per cent annual rise in consumer prices when the numbers are released on Wednesday, up from 2.3 per cent a month earlier. Core inflation, which strips out volatile food and energy prices, is also expected to show an acceleration to 2.9 per cent last month, from…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Another quarter, another blow for London’s faltering stock market. On Thursday, UK fintech Wise said it planned to switch its primary listing to New York to improve liquidity in its shares. On Wednesday, Cobalt Holdings, a metal investment company, scrapped its move to list in London, and decided to raise funding privately instead. The city’s hopes of landing Shein also appears to be on shaky ground after the fast-fashion group indicated late last month that it was shifting its focus towards Hong…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Dubai has taken control of a linchpin of the emirate’s consumer economy, stepping in to overhaul its governance and resolve a troubled succession three years after its founder died.A government-established “special judicial committee” — formed at the request of the 10 heirs of the founder of the eponymous Majid Al Futtaim group — has appointed a new board to oversee its parent company, according to four people with knowledge of the details.MAF is one of the largest privately owned companies in the…
Donald Trump’s “Golden Dome” missile shield has triggered a lobbying battle between Silicon Valley and America’s biggest defence groups as they fight for a slice of the ambitious $175bn project.The Trump administration’s explicit call for “non-traditional” contractors has fired up competition to create the experimental defence system, pitting established giants such Lockheed Martin and Northrop Grumman with tech groups trying to claim a bigger share of Pentagon funds.As the battle is likely to draw in tech leaders from Peter Thiel to Elon Musk, the question is whether Silicon Valley truly has the defence chops to muscle further into a decades-old…