CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Moody’s downgraded France’s credit rating on Saturday, saying that it expects the country’s incoming government to struggle to tackle its deficit. In an unscheduled announcement early on Saturday morning, the rating agency lowered France’s […]
After Nvidia’s boom, what’s next for AI-related stocks? #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Whisper it softly, but is some of the investor fervour around Nvidia cooling just a little? The chipmaker has been a phenomenon, riding the surging demand for its artificial intelligence-empowering chips. The stock has […]
Trump’s tricky dollar problem #NewsMarket
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world We will soon find out whether Donald Trump has changed his tune on the dollar. In his first term, the comeback president had a clear preference for a weaker buck. On one […]
Auction Technology Group finance chief offloads £1.2mn worth of shares #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. The chief financial officer of Auction Technology Group has sold £1.2mn of stock, ahead of his departure early next year. Tom Hargreaves disposed of 230,000 shares on November 28 at 510p each, reducing his stake […]
Thames Water warns that rival bondholders’ plan risks nationalisation #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has warned a group of bondholders that they risk tipping the UK’s largest water company into a default and even temporary renationalisation if they try to derail the utility’s deal for an […]
Hertz and the Big Rig #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hertz has apparently adopted a new strategy for managing its debt: The rigged bondholder vote. How does a company rig a vote on a debt contract? Well, Hertz wanted to change the contract on […]
African electricity debate pits speed against scale #NewsMarket
CashNews.co This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around […]
Chinese bond yields at widest gap with US in more than a decade #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. The gap between the US and China’s borrowing costs has grown to its widest level in more than a decade, in a sign of the sharp divergence in the bond market’s expectations for the […]
Sixth Street pact hands Affirm firepower for $20bn in new consumer loans #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private investment group Sixth Street will pump $4bn into a vehicle to buy loans from US fintech Affirm in a deal that will give the lender firepower to make billions of dollars in additional […]
Broadcom shares soar as chipmaker forecasts ‘massive’ AI growth #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Broadcom shares soared 18 per cent in pre-market Wall Street trading, sparking a rally in tech shares after the chipmaker posted huge gains in artificial intelligence revenues and projected “massive” growth in the field. […]