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 called on Jay Powell, the Federal Reserve chair, to cut US interest rates, as new data showed weak private sector hiring and a contraction in the services sector, raising fears of an economic slowdown. Trump launched his attack on the US central bank in a Truth Social post on Wednesday, where he compared it with the European Central Bank, which has been lowering interest rates this year while the Fed has kept them steady. “ADP NUMBER OUT!!!…
Needham analysts say the stock looks pricey, while Apple faces growing threats from its tech rivals. Source link
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing trade wars that have frozen hiring and caused havoc among businesses. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wealthier households are flocking to dollar stores, chains whose core customers are America’s poor, as Donald Trump’s tariffs darken US consumer sentiment. The two biggest operators, Dollar Tree and Dollar General, revealed this week rising inbound traffic from middle- and higher-income households in the first quarter of the year. Dollar Tree said 2.6mn new customers visited its 9,000 stores in the first quarter, a majority of them from higher income brackets. “We saw a meaningful traffic increase from customers with household incomes…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microchips, GPS satellites and the EpiPen are just some of the innovations that started life as US military projects and have since become ubiquitous — helping America extend its economic lead over the rest of the world. Sir Keir Starmer wants to emulate the US example, promising voters this week that boosting UK spending on the military to 2.5 per cent of GDP by 2027 and to 3 per cent in future years would yield a “defence dividend”, in the form of jobs,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BlueCrest Capital Management, the hedge fund turned family office founded by billionaire Michael Platt, has gained more than 28 per cent so far this year after betting on a weakening US dollar.Platt is bearish on the US currency on a long-term basis and has been positioned accordingly since President Donald Trump’s “liberation day” tariff blitz at the beginning of April, according to people with the matter. The announcement triggered further declines for the dollar, which has lost nearly 9 per cent this year…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Abu Dhabi minerals company International Resources Holding has bought a majority stake in a tin mine in the Democratic Republic of Congo, expanding its presence in Africa and underscoring its appetite for high-risk jurisdictions. IRH, part of the sprawling business empire of United Arab Emirates national security adviser Sheikh Tahnoon bin Zayed al-Nahyan, bought a 56 per cent stake in Toronto-listed Alphamin Resources from a subsidiary of US private equity group Denham Capital for about $367mn. The company controls the giant Bisie tin…
Private-equity funds are increasingly available to retail investors. Be careful. Source link
Privately run businesses created just 37,000 new jobs in May — the smallest increase in more than two years — as the worst global trade wars since the 1930s spurred many firms to put a pause on hiring. Source link
In a special six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the economic events reshaping the world in the wake of US President Donald Trump’s election. Subscribe and listen to this series on The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Episodes will also be available on the FT’s YouTube channel.If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com Read Martin’s FT column hereSubscribe to Paul’s substack hereView our accessibility guide. Source link