CashNews.co Ted Sarandos, the 60-year-old chief executive of Netflix, has been a prominent Democratic donor for years. But on Tuesday, he became the latest senior figure in corporate America to step into Donald Trump’s Mar-a-Lago resort to pay tribute to the Republican president-elect and build relations with his incoming administration. From Hollywood to Silicon Valley […]
Micron shares fall on disappointing quarterly revenue guidance #NewsMarket
CashNews.co Micron shares fall on disappointing quarterly revenue guidance Read More #cashnews #newsfinace #finance #FollowsCashnews
Federal Reserve cuts rates but ‘hawkish’ forecast hits stocks and sends dollar jumping #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The Federal Reserve cut interest rates by a quarter of a percentage point but signalled a slower pace of easing next year, sending the dollar racing to a two-year high and igniting a […]
Reeves to take UK bankers to China as she seeks closer business ties #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will next month head a delegation of leading bankers to Beijing to seek closer ties across a range of financial services, while quietly sidelining security fears over the UK-China relationship. The chancellor […]
WealthTek boss charged with £64mn fraud to fund ‘lavish lifestyle’ #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prize-winning racehorses and a Newcastle nightclub were financed by John Dance using £64mn of client funds taken from his wealth-management firm, according to criminal charges brought against the WealthTek boss by UK regulators. The […]
UK borrowing costs climb as ‘stagflation’ fear stalks gilt market #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Worries over the stagnating UK economy and accelerating inflation are unnerving investors, pushing borrowing costs to their biggest premium over German debt yields since 1990. The spread between the two countries’ bonds has risen […]
Boaz Weinstein takes aim at seven UK investment trusts #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist investor Boaz Weinstein has urged shareholders in seven UK investment trusts to overhaul their boards due to weak performance, and outlined plans to put forward his hedge fund as the trusts’ manager. Weinstein’s […]
EU watchdogs call for disaster-relief fund in wake of Valencia floods #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU should create a taxpayer-funded disaster relief fund and a publicly-backed reinsurance scheme to fill the growing gap for insuring against natural catastrophes such as floods and wildfires, regulators have said. Climate change […]
Never ever make predictions #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Judging by his latest “diary of a quant”, Man AHL’s Russell Korgaonkar is as exhausted by the end-of-year investment outlook blizzard as we are. And as he points out, strategists aren’t, umm, great […]
Chipmaker Kioxia rises on debut at the end of Bain’s long road to IPO #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Japan’s Kioxia rose more than 6 per cent on its first day of trading in Tokyo, with private equity group Bain Capital’s listing of the lossmaking chipmaker finally getting off the ground […]