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Business
Scrapping the UK bonus cap will do little for competitiveness
Stay informed with free updatesSimply sign up to the UK banksmyFT Digest -- delivered directly to your inbox.The writer is the author of several books on the City and Wall…
Chevron’s profit slumps, shares fall
Chevron posted third-quarter profit that missed Wall Street estimates by a wide margin, sending its share price down. Oil company earnings have slumped from record year-ago…
Daniel Och ends feud over Sculptor hedge fund
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Daniel Och has agreed to support a rival’s buyout plan of…
Business leaders expect AI investments to pay off, but it might take time: Study
Major tech firms like Microsoft and Google have invested heavily in new generative artificial intelligence, and businesses across industries are scrambling to integrate the…
Asset manager T Rowe Price shares jump after profits top consensus
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares of T Rowe Price rose by more than 6 per cent in…
Royal Caribbean lifts annual profit target again on steady cruise vacation demand
Royal Caribbean Group lifted its full-year profit forecast for a third time on Thursday, banking on elevated ticket prices as well as steady demand from affluent customers for…
ExxonMobil seeks more M&A opportunities after $60bn Pioneer deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.ExxonMobil remains on the hunt for deals even after…
Netflix leans on ‘what’s old is new again’ strategy
Netflix has indicated it could further embrace its strategy of licensing older content from third-parties and bringing the shows and movies onto its streaming platform. The…
Union workers score big pay gains as labour action sweeps US
The United Auto Workers’ 57,000 members at Ford wrested a hefty pay rise from the US carmaker this week following a strike that squeezed its production and profitability.…
Harley-Davidson profit slumps on sluggish demand
Harley-Davidson Inc on Thursday reported a 24% fall in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary…