Author: Arabian Media staff
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, happy Friday and welcome back to FirstFT Asia. In today’s newsletter: The Trump-Musk spat eruptsUS and China agree to new trade talksInside the rise of Akio ToyodaDonald Trump has attacked Elon Musk as “crazy” and threatened to rip up his government contracts. Here’s what to know about the feud between two of the world’s most powerful men. War of words: Speaking in the Oval…
Trump Media and Technology Group Corp. on Thursday said it had filed a registration statement for an exchange-traded fund that would directly hold bitcoin — the latest move into cryptocurrency by those in Trump’s orbit as his administration tries to deregulate the industry. Source link
Broadcom edged past Wall Street’s expectations with its outlook for the current quarter on Thursday, but that wasn’t enough to lift its stock in the extended session. Source link
Stay informed with free updatesSimply sign up to the Utilities myFT Digest — delivered directly to your inbox.Thames Water is one of six water companies to be banned from paying their bosses bonuses, as ministers crack down on “unfair” payments across the industry that is in the political crosshairs. The backdated intervention covers any bonuses relating to the financial year 2024-25, and will apply to Thames Water as well as Yorkshire Water, Anglian Water, Wessex Water, United Utilities and Southern Water, the government said in a statement. The bonus ban only applies to a handful of chief executives and chief financial…
“Magnificent Seven” stocks have been storming back from this year’s lows but some have significant room to climb before achieving new records. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.JPMorgan Chase has told its incoming graduates that if they accept future-dated job offers elsewhere within 18 months of starting their analyst programme they will be fired. The revised policy, included in a letter sent to recruits due to start the bank’s US analyst training programme later this summer, is the latest escalation of the Wall Street giant’s battle with private equity firms over junior talent. “If you accept a position with another company before joining us or within your first 18…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe American oil industry has allied with the green energy lobby to ask Republican senators not to axe Joe Biden-era tax credits for clean hydrogen, warning their repeal would enable China to dominate the emerging sector.The American Petroleum Institute, Business Council for Sustainable Energy and chemical giant DuPont are among dozens of organisations who wrote to senior Republicans in the Senate on Thursday asking for the retention of a $3-per-kg tax credit for clean hydrogen production.The incentive, which is known…
Lululemon Athletica shares slid after hours on Thursday, after the athleisure-wear maker cut its full-year profit outlook and offered a second-quarter forecast that came up short of Wall Street’s expectations. Source link
Brown-Forman’s stock is having its worst day ever and heading for a 12-year low after the spirits seller fell short of its profit and revenue expectations. Source link
Silver rallied Thursday to tap its highest price in more than 13 years, with the industrial metal finally making a significant move to catch up to gold’s gains, pulling the gold-silver ratio down to its lowest level since the Trump administration’s “liberation day” tariff announcement. Source link