Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donations to Harvard University fell 14 per cent in the fiscal year ending June 30, as large donors cut ties and prominent alumni in the financial industry criticised its administration over a botched response to … Read more
Wall Street remained close to its record highs but ended the day with minimal changes compared to Tuesday. In contrast, China’s stock market experienced a decline due to a disappointing housing stimulus announcement, while Japan’s market was impacted by weak export data. Despite this, Taiwan’s TSMC continued to perform well, along with companies like Nvidia … Read more
Nvidia’s surge to a new all-time high on Thursday briefly pushed the S&P 500 into uncharted territory, leaving investors wondering what the future holds for the artificial intelligence sector. At one point, the chipmaker’s shares rose as much as 3.8% in Thursday’s trading session, reaching above $140. This marked the first new intraday high for … Read more
Mark Cuban recently addressed concerns raised by the founder of Dogecoin regarding Vice President Kamala Harris’s understanding of cryptocurrency. Cuban discussed his conversations with Harris’s team about crypto policy and highlighted her evolving stance on digital assets, particularly Bitcoin. He mentioned that he advocated for confiscated crypto assets to be held rather than sold to … Read more
Investing.com– The Chinese economy expanded as forecasted in the third quarter, according to gross domestic product data released on Friday, although the growth rate remained below Beijing’s annual target. Chinese GDP grew by 4.6% year-on-year in the three months ending on September 30, in line with expectations but decelerating from the 4.7% growth seen in … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew by 4.6 per cent year on year in the third quarter, according to official data released on Friday. This growth rate is slower than the previous three months, highlighting a slowdown in … Read more
“ Before becoming the billionaire founder of FedEx, Fred Smith was a Vietnam veteran with a passion for flying and a small fleet of planes available for hire. He recalled, “They’re hiring me and this whole damn airplane to carry this little part,” as he transported goods for companies like Xerox. Soon, tech giants like … Read more
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A sell-off in Treasuries has strengthened the dollar and left equities mixed as new signs of economic strength have led traders to lower their expectations for US rate cuts. In Japan, shares rose with the help of a weaker yen, while equities in Australia and South Korea fell. US futures remained flat after the S&P … Read more
By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were on track for their largest weekly decline in over a month due to concerns of reduced demand. Crude futures climbed 16 cents, or 0.2%, to $74.61 … Read more