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UK confirms powers to force pension funds to back British assets
Chancellor hopes plan to establish βmegafundsβ, circumscribed by binding allocation targets, will drive returns for savers
Published on: May 28, 2025 | Source:
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Salesforce turns in strong results and optimistic forecast
Salesforce delivered a beat-and-raise quarter even with President Trump's imposition of tariffs on imported goods.
Published on: May 28, 2025 | Source:Nvidia quarterly revenue surges nearly 70% despite China curbs
US chipmakerβs share price rises even as it takes $4.5bn charge linked to restrictions on sales
Published on: May 28, 2025 | Source:Argentina raises $1bn in international bond auction in boost for Milei
Peso-denominated sovereign bond offered in dollars will increase countryβs foreign currency reserves
Published on: May 28, 2025 | Source:Tesla investors demand Musk work 40-hour week at EV maker as 'crisis' builds
A group of pension funds that are investors in Tesla want the company's board to require more from CEO Elon Musk.
Published on: May 28, 2025 | Source:HP sinks 15% as company misses on earnings, guidance due to 'added cost' from tariffs
HP beat on revenue but came up short on earnings and guidance, partly due to President Donald Trump's tariffs.
Published on: May 28, 2025 | Source:Far-right Chega party becomes main opposition in Portugal
Election result signals end of dominance of two centrist forces, and could produce another fragile minority government
Published on: May 28, 2025 | Source:FirstFT: Trump orders US chip software companies to stop selling to China
Also in todayβs newsletter, Nvidia quarterly revenue surges, and Shein weighs Hong Kong IPO
Published on: May 28, 2025 | Source:Telegram CEO announces $300 million partnership with Elon Musk's xAI and Grok
Elon Musk's startup xAI is paying Telegram $300 million to roll out its Grok chatbot.
Published on: May 28, 2025 | Source:Nvidia beats on earnings and revenue as data center sales jump 73%
There's one big thought on many investors' minds during this earnings call: China.
Published on: May 28, 2025 | Source:Chip software stocks sink on report Trump ordered halt to China sales
The instructions come after the U.S. Commerce Department warned companies about using artificial intelligence chips from China's Huawei.
Published on: May 28, 2025 | Source:Trump says he's not 'chickening out' on trade: 'It's called negotiation'
TACO, the term that stands for "Trump Always Chickens Out," describes the market reaction to Trump repeatedly announcing heavy tariffs and later pausing them.
Published on: May 28, 2025 | Source:How much a $1,000 investment in Nvidia made 10 years ago would be worth today
A $1,000 investment in Nvidia when it first went public would be worth over $5 million today.
Published on: May 28, 2025 | Source:Mark Zuckerberg says Meta AI has 1 billion monthly active users
Meta's AI assistant now has one billion monthly active users across the company's family of apps, CEO Mark Zuckerberg said Wednesday.
Published on: May 28, 2025 | Source:Abercrombie & Fitch soars more than 14% even as retailer slashes profit outlook due to tariffs
Abercrombie & Fitch's growth is slowing at its namesake brand and the company is expecting tariffs to reduce its earnings by $50 million.
Published on: May 28, 2025 | Source:Joby Aviation shares pop nearly 29% as electric air taxi maker closes $250 million Toyota investment
Joby announced that it received the first $250 million of a $500 million investment from Toyota to support its air taxis.
Published on: May 28, 2025 | Source:Anthropic appoints Netflix Chairman Reed Hastings to AI startup's board of directors
Netflix Chairman Reed Hastings, who co-founded the video-on-demand company in 1997, has been appointed to Anthropic's board of directors
Published on: May 28, 2025 | Source:Fed feared that loss of βhavenβ status would hit US economy
Minutes showed officials worried about βlong-lastingβ effect of market turmoil after President Trump launched trade war
Published on: May 28, 2025 | Source:Fed worried it could face 'difficult tradeoffs' if tariffs reaggravate inflation, minutes show
Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.
Published on: May 28, 2025 | Source:OPEC+ alliance holds oil quotas ahead of July output review
Market focus has shifted toward potential supply hikes from eight OPEC+ members that have been carrying out separate voluntary production cuts.
Published on: May 28, 2025 | Source:Shareholders face a big new problem: currency risk
Analysing it is more important than ever. Mitigating it is a nightmare
Published on: May 28, 2025 | Source:Musk says Trump's big bill undermines DOGE; president counters with political reality
Musk criticized President Donald Trump's signature spending bill that recently passed the House.
Published on: May 28, 2025 | Source:Britain needs to stop fiddling with fiscal policy
Labour partyβs approach to managing the public finances has been too haphazard
Published on: May 28, 2025 | Source:Ministers look at softening UK welfare cuts to avert rebellion by Labour MPs
Government is seeking to save 5bn a year by reforming disability benefits known as βpersonal independence paymentsβ
Published on: May 28, 2025 | Source:Shein shifts focus from London to Hong Kong for listing
Fast-fashion group has been hit by US tariffs while flotation has also faced regulatory challenges over risk factors
Published on: May 28, 2025 | Source:Brussels gives ground as Trump holds firm on 10% tariffs
EU negotiators privately admit Washingtonβs βreciprocalβ levies are unlikely to be overturned in full
Published on: May 28, 2025 | Source:Japanβs rising long-term debt costs ripple around the world
A sharp climb in Tokyoβs bond yields has the potential to push up borrowing costs elsewhere
Published on: May 28, 2025 | Source:US contractor hires obscure Gaza group for aid rollout after local snubs
Private military company agrees deal with little-known firm to provide Palestinians to staff controversial centres
Published on: May 28, 2025 | Source:Maga campaign in Europe tested by Polandβs knife-edge election
Rightwing populists aligned with Donald Trump target presidential race after narrow loss in Romania
Published on: May 28, 2025 | Source:Pension fund investors demand Musk work 40-hour week at Tesla
Shareholders say EV maker is in βcrisisβ and call for succession planning
Published on: May 28, 2025 | Source:US opens door to retirement savers purchasing crypto tokens
Trump administration unwinds Biden-era policy that required retirement plans to take βextreme careβ on digital assets
Published on: May 28, 2025 | Source:The world of work is much more pleasant than we expected
Longer effective working lives have so far offset ageing populations
Published on: May 28, 2025 | Source:Nearly one in three in UK have been victim of mobile phone theft
Trust in police and tech providers drops as consumers step up efforts to protect devices and sensitive data
Published on: May 28, 2025 | Source:The U.S.' AI love affair with the UAE isnβt just about access β itβs about dominance
The UAE seeks to expand its geopolitical influence while the U.S. needs cheap, abundant power and international partners to stay ahead of China in the AI race.
Published on: May 28, 2025 | Source:Prague blames Beijing for cyber attack on foreign ministry
Czech government says βmaliciousβ assault mounted by group linked to Chinaβs state security ministry
Published on: May 28, 2025 | Source: