Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Rishi Sunak on Wednesday ignited a business backlash and a Conservative civil war on the environment as he announced a series of U-turns on critical targets to tackle […]
Finance
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on July 26, 2023. Saul Loeb | AFP | Getty Images As often has been the case, this week’s Federal Reserve meeting will be less […]
Apple (AAPL) debuted its iPhone 15 and iPhone 15 Pro on Tuesday, bringing major changes to the company’s most important devices including USB-C charging ports and a higher starting price for the iPhone 15 Pro Max. Pre-orders begin Friday, September 15, with availability beginning Friday, September 22. The iPhone 15 […]
Apple (AAPL) on Tuesday unveiled the latest version of its Apple Watch, the Apple Watch Series 9. The new watch has “been redesigned on the inside,” featuring the company’s S9 chip, which purportedly speeds up processing times and upholds an 18-hour battery life, Apple said at the company’s annual iPhone […]
Consumer prices edged higher in August as a surge in oil prices contributed to an uptick in headline inflation, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.6% over last month and 3.7% over the prior year in […]
Disney (DIS) and Charter (CHTR)’s deal that ended their historic carriage dispute did not break up the traditional cable bundle as some had anticipated. In fact, it was a win for both sides, according to Wall Street analysts. In late August, Disney had pulled its owned and operated channels including […]
Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. The banks underwriting Arm’s $50bn listing will close orders for shares a day earlier than planned due to strong demand for the biggest initial public offering in nearly […]
Mason King Courtesy: Mason King More than a year of recessionary forecasts have created “a highly unusual market,” said Mason King, a principal of Luther King Capital Management in Fort Worth, Texas, which ranked No. 1 on CNBC’s list of the top 100 financial advisors in the U.S. for 2023. As a whole, […]
Paramount (PARA) is walking a fine line as it works to move forward with programming amid the ongoing Hollywood actors and writers strikes. “We’re saddened that we couldn’t come to a resolution with SAG and the writers to avert this situation,” Paramount CEO Bob Bakish told Yahoo Finance Live (video […]
Stocks closed lower on Wednesday, marking a third straight session of losses for the S&P 500 (^GSPC) and underscoring the seasonal trend of market declines in September. But one of Wall Street’s most prominent bulls thinks the S&P could gain another 13% this year. “Yes, there is still a fair […]
Mortgage rates haven’t been this high for over two decades, but it’s far worse to be a homebuyer now than then. Buyers are still sticker-shocked by the memory of historically low rates when they could afford so much more two years ago. Those still on the hunt in today’s market […]
Receive free Universal Music Group updates We’ll send you a myFT Daily Digest email rounding up the latest Universal Music Group news every morning. Universal Music has struck a deal to reshape the economics of music streaming, with changes aimed at directing more money to professional musicians and away from […]
“Forever” chemicals are proving to be extremely costly to the companies that produced them. 3M (MMM) and Dupont (DD) have agreed to pay more than $15 billion to settle claims that PFAS chemicals, or per- and polyfluoroalkyl substances, caused harm. The numbers could get a lot higher before it’s all […]
This earnings season shows a major challenge facing retailers: shoppers reluctant to make big purchases. To some extent, this pullback is to be expected as interest rates stay high, the housing market has stalled, and consumers are gravitating towards services rather than goods. But retailers reporting results over the past […]
The ongoing double strike in Hollywood hit a stalemate last week after the Writers Guild of America (WGA) slammed the studios’ counterproposal, lamenting it didn’t come close to satisfying the writers’ demands. The negotiation failure set a sour tone throughout Hollywood as the writers’ strike prepares to enter its fifth […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The economic story of the summer has been about resilient growth in the US. But for months now, survey-based readings on the manufacturing and services sectors have suggested […]
CNN announced Mark Thompson, former chief executive of The New York Times and director-general of the BBC, as the new head of the network on Wednesday, setting the stage for the next phase of growth for the embattled news giant. According to CNN, Thompson will lead, as chairman and CEO, […]
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday. Subscribe. To say Nvidia (NVDA) is on fire is an understatement. From record revenue and stunning year-over-year growth to share prices that […]
When Federal Reserve officials gather later this week for the central bank’s annual economic symposium in Jackson Hole, Wyo., the investment world will be listening to how Fed Chair Jerome Powell frames the fight against inflation. The question Powell and other Fed officials face is whether inflation’s downward trajectory is […]
NVIDIA NVIDIA campus NVIDIA campus in Santa Clara, Calif. Record revenue of $13.51 billion, up 88% from Q1, up 101% from year ago Record Data Center revenue of $10.32 billion, up 141% from Q1, up 171% from year ago SANTA CLARA, Calif., Aug. 23, 2023 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: […]