Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The New York Stock Exchange said it would cancel erroneous trades after a technical glitch led to dozens of trading…
Microsoft CEO Satya Nadella speaks at a media briefing at the company’s campus in Redmond, Washington, on May 20, 2024. Chona Kasinger | Bloomberg | Getty Images Microsoft will lay off some employees who work on mixed reality, a spokesperson…
Spotify CEO Daniel Ek triggered backlash from the music industry last week when he said the cost of creating content is “close to zero,” prompting him to clarify his remarks on Sunday. In a post on May 29, Ek mused…
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Hunter Biden appeared in a Delaware court on Monday on gun charges for the first trial of…
Bad economic news so far has been mostly positive for the stock market, as investors worry over whether the Federal Reserve will start cutting interest rates. There’s a danger, though, of overdoing it, where too much bad news could signal…
GameStop shares skyrocketed in pre-market trading after Keith Gill popped up again, but there are signs that the investor known as Roaring Kitty might have lost some of his luster with retail traders. GameStop stock, make no mistake, saw another…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in GameStop surged more than 60 per cent early on Monday after a post on Reddit purported to show…
Wall Street saw a lot to like in Costco ‘s earnings report last Thursday, as customers flocked to the warehouse club’s stores and its website. Costco’s earnings per share for its fiscal third quarter came in at $3.78, topping the…
British personal computer maker Raspberry Pi confirmed its plan for an initial public offering in London, marking a small step for the city that’s fallen behind a broader listings revival in Europe. The offering will consist of new shares to…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe’s gas price on Monday jumped to its highest level this year following an outage at a gas processing plant…