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Palantir shakes off defence spending concerns with boost to revenue outlook

Data intelligence group reports forecast-beating first-quarter and lifts full-year forecasts

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Where Trump is likely getting his $1.98 gas price figure

U.S. drivers were paying $3.165 per gallon on average Monday, according to the motorist association AAA.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Palantir shares fall as company reports in-line earnings, lifts full-year guidance

Palantir boosted its guidance for the year on Monday, as net income in the latest quarter more than doubled.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Trump, Jon Voight meeting led to Hollywood tariff proposal, his manager says

A White House spokesman said "no final decision on foreign film tariffs have been made," a day after President Trump's announcement of a tariff plan.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Macron says Trump’s academic crackdown threatens US

French president warns that curbing scientific research puts America’s economy and democracy at risk

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

FirstFT: OpenAI abandons plans to convert into a for-profit company

Also in today’s newsletter, Taiwan dollar surges, and film industry reels over Trump’s tariff threats

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Big Four accounting firm PwC to slash 1,500 US jobs

Move comes as it struggles with low staff turnover

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Berkshire shares slip as Warren Buffett prepares to step aside as CEO

Conglomerate votes in favour of vice-chair Greg Abel’s promotion to top job next year

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Ford expects $1.5bn profit hit from Trump tariffs

Carmaker withdraws financial guidance and warns of potential of US’s policies to cause industry-wide disruption

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Skechers to be acquired by 3G Capital in take-private deal, shares soar 24%

Footwear giant Skechers will be acquired by 3G Capital for $63 per share, a 30% premium to its current valuation on the public markets.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

EU set to make it easier for UK professionals to work in the bloc

Brussels due to propose legislation to enable the recognition of qualifications of British lawyers and others

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Messaging app used by Trump official suspends operations after reported hack

Trump previously discouraged his officials from using Signal following "Signalgate," when Mike Waltz added a journalist to a private chat of pending war plans.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

OpenAI ditches plan to convert to for-profit business

Decision to leave non-profit arm in control of group comes after pressure campaign by Elon Musk

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

OpenAI says nonprofit will retain control of company, bowing to outside pressure

OpenAI will continue to be controlled by a nonprofit as it restructures into a commercial entity, the AI startup said on Monday.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Mattel quickens effort to move production from China as tariffs hit toys

Maker of Barbie dolls warns of potential price increases for US shoppers and suspends financial guidance for 2025

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Israeli warplanes strike Houthi targets in Yemen

Israel Defense Forces retaliate after militant group’s missile attack on Ben Gurion international airport

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

U.S. crude oil closes at lowest level since 2021 after OPEC+ agrees to production surge in June

OPEC+ is bringing more than 800,000 barrels per day of additional supply to the market over the course of two months.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Film industry reels as Trump threatens 100% tariffs

Levies on overseas movies going into the US would damage production hubs in countries including the UK, Canada and Australia

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Buffett’s legacy: fantastic returns and a troubling precedent

Emulators will no doubt use the Oracle of Omaha’s success to argue that great leaders justify special treatment

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Romania’s presidential election pits Maga-style nationalist against pro-EU centrist

Far-right Eurosceptic George Simion is in pole position ahead of second round against Nato supporter NicuΘ™or Dan

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump set to raise millions from crypto and meme coin this month

About 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project's website.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

How Nigel Farage has gained ground with trade union members

Local elections cement union concerns about Labour’s traditional base pivoting to populist right

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

European markets mixed, Erste Group Bank rises 8% after acquiring stake in Santander's Polish unit

European bourses saw a mixed start to the week on Monday, with U.K. markets closed for a bank holiday.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Rich countries 'owe it to the world' to get themselves down to net zero emissions: Bill Gates

This is so as to set an example to others that "there are solutions" to mitigate the effects of the climate crisis, Gates said.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

EU to set 2027 deadline for severing energy contracts with Russia

Plan to be announced by European Commission aimed at forcing member states to end imports of Russian gas

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Greg Abel is the successor to Warren Buffett at Berkshire Hathaway. Here's how he got there

Warren Buffett's successor is expected to officially be the new Berkshire Hathaway CEO at the end of this year.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Surprise tariff winner: other people’s unwanted stuff

While the behemoths are set to profit from the shift to thrift, not all resellers are cut from the same cloth

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

US coal producer Peabody threatens to terminate deal with Anglo American

Peabody formally notifies UK-listed miner of β€˜material adverse change’ affecting $3.3bn acquisition of coal assets

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

3G Capital to buy shoe brand Skechers in $9bn deal

Tie-up marks return to dealmaking for investment group after long search for a major target

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Ackman completes quest to launch Berkshire Hathaway lookalike

Financier assumes effective control of Howard Hughes and will shift its strategy to hunt for acquisitions

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Incoming German Chancellor Merz vows reforms and investments as parties sign coalition agreement

Germany's incoming Chancellor Friedrich Merz and the country's new cabinet are set to take office Tuesday.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International

Israel security cabinet approves expansion of Gaza offensive

Prime Minister Benjamin Netanyahu given unanimous backing for what he says is β€˜good plan’ to achieve war aims

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

The great soap opera inheritance

The launch of the first new show in the genre in the US in 25 years shows the endurance of steamy melodrama

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Sunoco strikes $9bn deal for Parkland to form N American fuel distributor giant

Acquisition by oil and gas group comes against backdrop of strained relations between US and Canada

Published on: May 05, 2025 | Source: Financial Times - World favicon Financial Times - World

Warren Buffett is not retiring for good as Berkshire board votes to keep him as chairman

With Buffett remaining as chairman, shareholders may be comforted that the "Oracle of Omaha" will remain to help Abel with any big acquisition opportunities.

Published on: May 05, 2025 | Source: CNBC International favicon CNBC International