Author: Press Room
aluxum/E+ via Getty Images Stock index futures were down slightly Monday with eyes on the upcoming FOMC meeting. S&P futures (SPX) -0.2%, Nasdaq 100 futures (NDX:IND) -0.3% and Dow futures (INDU) -0.1% were lower. It is “hard to see how the week could be much busier given we have the following highlights,” Deutsche Bank’s Jim Reid said. “Today sees a 3yr and 10yr US Treasury auction plus the NY Fed’s Survey of Consumer Expectations.” “Tomorrow sees the all-important US CPI and a 30yr Treasury auction (after a very bad one last month). Wednesday sees a fascinating FOMC meeting and US…
EXCLUSIVE: A key ally of Senate Minority Leader Mitch McConnell, R-Ky., has decided which candidate he will support in one crucial swing state race that could ultimately determine whether Republicans win back control of the Senate in 2024.Sen. Tom Cotton, R-Ark., announced Monday his endorsement of Republican Arizona Senate candidate Kari Lake, a conservative firebrand and former 2022 gubernatorial candidate, in her bid to flip the seat currently held by independent Sen. Kyrsten Sinema, a former Democrat.”Kari Lake is the fighter Arizona needs to secure the border, unleash American Energy Independence, and lower the cost of living. Joe Biden’s policies…
When Emma Malcolmson worked retail in high school and college, she never experienced anxiety. “Retail is no walk in the park,” she told me. There were angry customers, long days on her feet, and constant rushing around, but when the store closed for the day, she found it easy to shut down and leave work behind. After graduating from college, she began working remotely in digital public relations. Now, at 25, she said, “There’s elements of every single day where I at least have some anxiety.”There’s the constant stream of laptop notifications, the faceless coworkers whose messages are hard to…
Stay informed with free updatesSimply sign up to the Utilities myFT Digest — delivered directly to your inbox.One test in journalism is whether you can successfully explain the story you are writing to your mother. In business leadership, it is whether you stand a chance of explaining yourself to a parliamentary committee who are out for blood. Good luck to Thames Water, then. The debt-laden utility will this week face MPs to explain why a £500mn equity investment from shareholders came into the group in the form of a convertible loan, paying 8 per cent interest. The answer — which judging by Thames…
2/2 © Reuters. FILE PHOTO: The New York Stock Exchange building is seen from Wall Street in Lower Manhattan in New York, January 20, 2016. REUTERS/Mike Segar/File Photo 2/2 By Nell Mackenzie LONDON (Reuters) – Global hedge funds sold financial stocks for a 10th week running in the week ending Dec. 8 and now have the lowest exposure to the sector since March 2020, when the COVID-19 crisis roiled markets, a Goldman Sachs note said. Speculators ditched long positions on insurance stocks while switching out of buy positions and adding short bets on financial services and banks, the note dated…
2/2 © Reuters. FILE PHOTO: Bernard Madoff walks back to his apartment in New York in this December 17, 2008 file photo. REUTERS/Shannon Stapleton/File Photo 2/2 By David Thomas (Reuters) – Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI arrested Madoff on Dec. 11, 2008 for running a massive Ponzi scheme — and two years after his death in a federal prison — lawyers are still sifting through the fallout of his nearly $65 billion fraud. More than $14.6 billion has been recovered for Madoff’s victims so far…
Qudian press release (NYSE:QD): Q3 Non-GAAP EPS of -$0.11. Revenue of $4.1M or RMB29.6 million, representing a decrease of 73.1% from RMB110.2 million for the third quarter of 2022. Net loss to shareholders was RMB181.2 million (US$24.8 million), compared to net loss of RMB648.0 million for the same period of last year; net loss per diluted ADS was RMB0.84 (US$0.12) for the third quarter of 2023. Loss from operations was RMB100.8 million (US$13.8 million), compared to RMB 299.8 million for the third quarter of 2022. As of September 30, 2023, the Company had cash and cash equivalents of RMB7,226.4 million…
To understand how rising rents punish families of modest means, look no further than the queen-size bed that Jessica Jones and her three children share in her mother’s living room, where each night brings a squirming, turning tussle for space in a house with no privacy.Ms. Jones and her daughter Katelen, 14, anchor the sides like human bed rails, with two younger girls tucked in between. Joy is a 4-year-old featherweight, but Destaney, at 6, kicks so much that Ms. Jones binds her in a mermaid blanket. The day’s tensions lie beside them, and midnight sneezes are shared events.After two…
Argentina’s newly-elected president Javier Milei made his inaugural speech Sunday. The dollar-loving libertarian warned his country to prepare for aggressive fiscal cuts. “There is no alternative to a shock adjustment… there is no money,” Milei said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Argentina’s newly-elected, dollar-loving president Javier Milei made his inaugural speech Sunday, warning his country to prepare for a painful fiscal shock as he bids to rein in sky-high inflation and steer the economy away from its sixth recession in 10…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The owners of London’s O2 Arena and Hammersmith Apollo have each entered the race to buy See Tickets, after French media group Vivendi kicked off a sales process for one of the UK’s biggest ticketing merchants. Vivendi is hoping to fetch up to €300mn for See Tickets, according to two people familiar with the matter, and a first round of indicative bids has been submitted in recent weeks. Anschutz Entertainment Group, which owns London’s O2 Arena, and German ticketing group CTS Eventim,…