Author: Arabian Media staff
Citigroup strategists say U.S. stocks are now the least preferred equity market among managers with trillions under management. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jardine Matheson has appointed a partner from private equity group PAG as its new chief executive, in the Anglo-Asian conglomerate’s latest effort to transform its business model.Hong Kong-based Jardines said on Thursday that Lincoln Pan, partner and co-head of private equity at PAG, would succeed group managing director John Witt on December 1.The appointment follows a series of changes at the near 200-year-old group, which counts the Keswick family as its biggest shareholder and has interests ranging from property to retail.In recent…
Arlington, Virginia, is one of the most expensive places to retire in the U.S. right now due to its high housing costs, expensive healthcare, and steep tax rates. While often mistaken for a city, Arlington is actually the smallest self-governing county in the country, covering just under 26 square miles. It contains no incorporated towns or cities. Despite its size, it packs in premium real estate, an abundance of services, and, unfortunately for retirees, a notably high cost of living. Here’s what to consider if you’re looking to retire in Arlington. Key Takeaways Arlington’s median home value is $864,800—nearly three…
The economy appears poised to rebound in the second quarter after Trump relaxed the highest tariffs to allow for negotiations. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meetings between EU and US trade negotiators will go ahead as planned next week despite a US court’s rebuke of President Donald Trump’s tariff agenda.The latest talks between EU trade commissioner Maroš Šefčovič and his US counterparts, scheduled to take place on the sidelines of the OECD ministerial meeting in Paris next week, were still expected to go ahead, EU officials said, even though the US Court of International Trade ruled that Trump’s “liberation day” tariff programme was illegal.The ruling affects duties…
Several months after the Trump White House triggered the biggest global trade wars in decades, there’s little sign U.S. businesses are laying off more workers and preparing for bad times. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Asda has reported another quarter of falling sales as the struggling supermarket chain attempts to turn itself around and win customers back with lower prices. The country’s third-largest grocer after Tesco and J Sainsbury said on Thursday that revenues fell 5.9 per cent to £5bn, excluding fuel, in the three months to March 31, compared with the same period last year. Like-for-like sales were down 4.5 per cent, partly affected by the late timing of Easter compared with 2024. The update comes…
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at whitehousewatch@ft.comGood morning and welcome to White House Watch! Today let’s talk about:A US court may have just torpedoed Donald Trump’s global trade policy.Last night, the US Court of International Trade found that Trump exceeded his authority in implementing his sweeping “liberation day” tariffs, invalidating the levies and blocking Trump from imposing them.Global stock markets and S&P 500 futures rose on the news. The dollar also climbed against a basket of…
A measure of chief executive confidence fell in the second quarter by the most in the nearly 50 years the poll has been conducted. Source link
Despite Best Buy’s projection that tariffs will stay at the current levels for the rest of the year, the company doesn’t see a change in consumer behavior. Source link