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Business
Gap board member, Ripple co-founder want to save crime ridden San Francisco
San Francisco recently saw a new civic pride campaign go live as part of a bid by business leaders seeking to help the Bay Area city. Advance SF, the non-profit behind the!-->-->…
Tech alliance in AI standards push to fill ‘gap’ in regulation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft, OpenAI, Google and Anthropic have stepped up a…
JCPenney plans to keep holiday prices for top products in line, lower than last year
JCPenney CEO Marc Rosen pledged to keep prices for most of its top products during the holiday season the same, if not lower than last year. "We're committed to making our!-->-->…
Lloyds beats profit forecast on higher interest rates and drop in defaults
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lloyds Banking Group has reported better than expected…
Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come
With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: the deficit for fiscal year 2023 was $1.7!-->-->…
The big China tail risk
Good morning. Microsoft delighted and Alphabet disappointed in earnings yesterday. Competition in the cloud appeared to make the difference. Google Cloud sales, despite growing 22…
Biden megadonor faces calls to be ousted from Microsoft board over political activism
A conservative watchdog group is calling for billionaire Democratic megadonor and LinkedIn co-founder Reid Hoffman’s ouster from the Microsoft board of directors. The!-->-->…
Deutsche Bank projects highest annual revenue in 7 years
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank said it would have capacity to increase…
Nvidia says US sped up export curbs on AI chips
Nvidia said in a new regulatory filing dated Tuesday that the U.S. government’s new export controls on shipments of advanced artificial intelligence (AI) chips to China took!-->-->…
Santander net profit rises 20% as interest rates hit record high
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Santander’s net profit rose 20 per cent year on year in…