CashNews.co Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. A ban on TikTok has taken effect for some of its 170mn US users, ahead of a midnight deadline requiring its Chinese parent company ByteDance either to sell its stake in the app or […]
CashNews.co Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Lofty expectations for US corporate profits mean that the flood of earnings reports due in the coming fortnight will play a particularly important role in setting the direction for Wall Street stocks, investors say, […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It’s cool to idly open up a social-media platform Friday night to find a bunch of people asking whether the president-elect of the United States was hacked three days before his inauguration. […]
CashNews.co Investment trust takeovers are nothing new, but this week’s fiery presentation from activist investor Saba Capital founder Boaz Weinstein was the type of impassioned rhetoric that investors don’t often get to hear. In an attempt to take control of what he calls “the miserable seven” UK investment trusts, the US hedge fund manager — […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In one corner of markets at least, it looks like the amateurs are outsmarting the professionals again. A good majority of the big asset managers and banks had a clear view for this year […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tennessee has dropped its landmark lawsuit against BlackRock after the $11.6tn money manager promised to increase disclosure and compliance around its use of environmental, social and governance factors in investing. The state’s Republican attorney-general […]
CashNews.co Stay informed with free updates Simply sign up to the Retail sector myFT Digest — delivered directly to your inbox. The US Federal Trade Commission is suing PepsiCo over allegations that it engaged in illegal price discrimination by providing Walmart with unfair advantages. The FTC’s lawsuit alleges that Pepsi violated the Robinson-Patman Act, which […]
CashNews.co Glencore chief executive Gary Nagle had a clear message at an industry event last October: the mining sector needs fewer, bigger companies in order to stay relevant. More consolidation is needed, he told a private conference hosted by Goldman Sachs at LME Week. As it happened, Jakob Stausholm, the boss of rival mining company […]
CashNews.co Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Canal+, the pay-TV and film production group spun out of French media and telecoms heavyweight Vivendi in mid-December, has not had the smoothest start as a standalone listed company. The parent business of Paddington producer […]
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Oilfield services giant SLB is resisting rising pressure to exit Russia, telling investors that its operations do not breach sweeping new sanctions targeting the country’s oil sector. SLB, previously called Schlumberger, said […]