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Business
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…
Sanofi shares sink on lower profit outlook and consumer unit split
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Sanofi fell 15 per cent on Friday after the…
With mortgage rates soaring, taking over existing mortgages is gaining steam
As mortgage rates continue their upward climb after reaching highs not seen in more than 20 years, another trend not seen in decades has reemerged: More buyers are looking to…
Gina Rinehart takes second strategic stake in Australian lithium sector
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Billionaire Gina Rinehart has built up a strategic stake…
Various livestock animals and their impact on the US economy
Agriculture is a massive US industry that generates hundreds of billions of dollars for the economy each year. Livestock is a major player in the agriculture industry on both…