Author: Arabian Media staff
Emboldened by a sympathetic administration in Washington, the state is trying to use the size of its economy to shape corporate behaviour Source link
Recap of recent trading reveals strong performance from stocks with exposure to digital currencies. Source link
A “pivotal question” is whether the slowdown in the athleisure company’s U.S. business is temporary “or a sign of something more fundamental,” UBS says. Source link
Also: Rules for investors as the S&P 500 claws its way back, how to manage bond-market risk and advice from the Moneyist. Source link
Small-cap stocks were supposed to benefit from deglobalization and other Trump policies. Source link
President Donald Trump on Friday pressed Federal Reserve Chair Jerome Powell for a full-point interest-rate cut, saying the central bank’s monetary policy was a “disaster.” Source link
As Donald Trump and Elon Musk’s “bromance” broke apart on Thursday, tech industry figures who had backed both men raced to contain the fallout.“Elon isn’t taking calls from anyone,” complained one Silicon Valley financier and major donor to Republican candidates. “Not from people who have billions invested in his companies . . . The Valley is losing their shit.”At stake was an alliance between the tech world and the populist right that not only helped return Trump to office but also one that founders and investors had hoped would herald an era of tax cuts and deregulation, as well as an open door to…
Musk companies including Tesla and SpaceX have billions on the line. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nappies are an expanding market, and not just because of babies. Demand from incontinent elders is on the up. Companies such as Kimberly-Clark, which this week announced plans to spin off its international tissues division, stand to benefit from the growth of this high-margin revenue stream. Kimberly-Clark is best known for Huggies nappies, Kleenex tissues and Andrex loo roll. The $45bn US group also happens to be a top purveyor of bladder leakage products, holding more than 50 per cent of the…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has intensified his attacks on Jay Powell, calling on the US Federal Reserve chair to slash interest rates by a “full point” after official figures pointed to a weakening labour market. The US economy added 139,000 jobs in May, compared with a downwardly revised 147,000 posts added in April, according to data released by the Bureau of Labor Statistics on Friday. The BLS also revised down the March figures, bringing the average jobs gains for the year until…