CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon reported a double-digit rise in quarterly revenues on the back of strong demand for its advertising services and cloud business as artificial intelligence adoption grows, sending shares higher in after-hours trading on Thursday. […]
Tech stock sell-off wipes out Wall Street’s October gains #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks are on course to wipe out all their gains for October, as a sell-off in tech heavyweights on Thursday put Wall Street’s main indices on track for their biggest daily drop in […]
Rival creditor group offers Thames Water emergency loan at lower rate #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A group of owners of Thames Water’s riskier class B bonds have offered to provide the utility with emergency financing that they say could cost £380mn less over 12 months than a deal the […]
The start of a new round of gilt market carnage? #NewsMarket
CashNews.co UK chancellor Rachel Reeves has now presented her first budget. Deep exhale. What does it mean for gilts? Tl;dr, it’s not a bondholder’s dream. But nor is it the stuff of nightmares. All was going so well for gilts. When Reeves stood up to speak in parliament on Wednesday, 10-year gilts had already rallied […]
‘Satoshi Nakamoto’ says he also designed the Twitter logo #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stephen Mollah is “around 58” years old and claims to have invented or designed at least three things: Twitter’s bird logo, the eurobond, and bitcoin — the idea for the last of which came […]
Hong Kong cracks down on how banks and hedge funds discuss block trades #NewsMarket
CashNews.co Hong Kong cracks down on how banks and hedge funds discuss block trades Read More #cashnews #newsfinace #finance #FollowsCashnews
UK gilt yields rise as investors digest Budget borrowing plans #NewsMarket
CashNews.co UK borrowing costs climbed on Thursday, touching their highest levels of the year, as bond investors worried about the additional borrowing chancellor Rachel Reeves set out in the Budget. The yield on the 10-year gilt rose 0.09 percentage points to 4.44 per cent, while the two-year yield climbed 0.11 percentage points to 4.42 per […]
UK borrowing costs hit highest level this year after Budget #NewsMarket
CashNews.co UK borrowing costs hit highest level this year after Budget Read More #cashnews #newsfinace #finance #FollowsCashnews
Making sense of sentiment #NewsMarket
CashNews.co This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning and happy Halloween. Meta beat earnings expectations but forecast a jump in capital expenditures. Its stock price […]
Shell to buy back $3.5bn of shares as profits beat expectations #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced another $3.5bn of share buybacks after its quarterly profits exceeded market expectations. Europe’s largest oil and gas company reported adjusted earnings of $6bn for the third quarter, beating average analyst estimates […]