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Business
Tesla's quarterly results miss estimates after price cuts hit bottom line
Tesla's second-quarter margin missed analysts' estimates as price cuts and incentives to spur sagging demand continued to hurt the bottom line while the company intensifies…
Alphabet revenue jump shows no sign of AI denting search business
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Alphabet’s revenues jumped 14 per cent in the second…
Crypto firm Flowdesk hires former NYSE counsel as it looks to build US presence
A little-known digital asset trading firm is seeking to navigate the vast and murky waters of U.S. crypto regulation with the appointment of a legal veteran as its new…
Lockheed sees ‘strong demand for deterrence’ from Europe to Asia
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lockheed Martin has raised its sales target for the full…
FTC probes AI-powered ‘surveillance pricing’ at Mastercard, JPMorgan Chase, McKinsey and others
The Federal Trade Commission (FTC) on Tuesday announced that it launched a probe of eight companies that offer "surveillance pricing" tools that use artificial intelligence…
Italy cracks down on local Amazon unit over tax and labour practices
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian financial police have seized €121mn from a…
Almost 4 in 10 Americans worry about paying bills in numbers surpassing Great Recession era
Almost 40% of American adults say they are concerned about keeping up with their bills, per a new CNN poll. "The grocery store is just outrageous right now," Ohio resident…
Britons may need to be put off taking trains due to HS2 curtailment, watchdog says
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ministers may need to put Britons off taking the train…
Gas prices too high, Americans want to spend 37% less: study
Americans are spending roughly 3% of their income fueling their cars even as gas price inflation cools, a recent study said. That expense breaks down to roughly $1,712 annually…
LVMH posts weaker Q2 sales growth amid high-end slowdown
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sales growth weakened at French luxury group LVMH in the…