Business

U.S. debt panic: Are Americans becoming more ‘European’ about money?

Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S. Read More

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day.

Pet Shop Boys: ‘It worked out quite well’

The most successful British pop duo in music history on tantrums, touring when you turn 70 — and why it ...

Diamonds won’t be forever unless miners make them sparkle

The natural jewels have lost their old mystique because carbon crystals can be grown in labs

China signals TikTok should fight ‘robbers’ sell-or-ban U.S. law meant ‘to snatch from others all the good things that they have’

TikTok vowed to challenge the new U.S. law, which requires ByteDance to divest its stakes within a year to avoid ...

Departing top Tesla exec cashes out almost his entire stake for $181 million as longtime bull Ron Baron calls bottom in the stock

Baron, whose largest position is in Tesla, is betting the new shift in strategy for Tesla’s low cost car will ...

Huawei reportedly keeps getting advanced chips, even as the U.S. tries to tighten the screws on China’s semiconductor industry

Huawei’s latest smartphone, the Pura 70, features another advanced chip according to a teardown by the consultancy TechInsights. Read More

Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins

Exxon Mobil first-quarter earnings missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas ...

Thames Water bondholders demand emergency summit with troubled group

Creditors holding £5bn of debt have been spooked by default of parent company this month

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.

ExxonMobil’s profit falls 28% on weaker gas prices and refining margins

Oil major’s finance chief highlights ‘troubling’ geopolitical events in the Middle East and Russia

Long-awaited $2 billion CVC debut shows the IPO market is back on track, Euronext boss says

“It is a very strong signal of the comeback of IPOs in Europe, in particular in continental Europe,” Euronext’s Stéphane ...

FDA approves Pfizer’s first gene therapy for rare inherited bleeding disorder

The agency greenlit the drug, which will be marketed as Beqvez, for adults with moderate to severe hemophilia B. 

U.S., China to hold first AI talks within ‘weeks’ amid ongoing TikTok stalemate

The U.S. and China will hold their first high-level talks on artificial intelligence within the “coming weeks,” U.S. Secretary of ...

French President Macron said Europe will ‘not be a geopolitical priority’ for the U.S. and urges the continent to develop its own defense strategy

“We now have uninhibited regional powers that are also building up their capabilities — Russia and Iran, to name but ...

UK tech darling Darktrace rallies after agreeing $5.32 billion sale to private equity firm Thoma Bravo

The move will be seen as a major blow to the London Stock Exchange.

Foreign states are targeting U.K. universities to enhance their own ‘economic and military capabilities’ MI5 warns

The U.K. government is cautious about China’s financial support for university programs in the U.K. and the growing number of ...

Former PR adviser handed 3-year insider trading sentence in ‘breakfast trust’ trial

Defendant made more than €14mn in profit using tips from Perella Weinberg banker

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth

Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release ...

Friday’s analyst calls: What the Street says about Microsoft earnings, chemical stock gets upgraded

Microsoft and a major chemical stock were among Friday’s biggest analyst calls.

Argentine households struggle as markets cheer Javier Milei

Investors say president’s austerity measures are needed before economy turns the corner

The financial services gender pay gap in Europe is so large

Just 183 out of 2,017 people earning more than $1.1 million were female in 2022. Read More

Aviation results: European carriers EasyJet and Jet2 fly to new heights, while Airbus prepares to overtake Boeing as headwinds continue

It’s been an eventful few days for aviation players—from Airbus to Heathrow. Here’s how they fared. Read More

CVC shares surge in trading debut after long-awaited IPO

Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetite

The Scottish Play gets bloody

Humza Yousaf battles for political survival, plus where rail privatisation veered off track

Minneapolis imposes $15 a pack minimum for cigarettes—$2 more than NYC—to curb smoking

The ordinance not only sets a floor price. It prevents smokers and retailers from getting around it by prohibiting price ...

Betting that Trump’s Truth Social will flop has been very profitable for a hardy band of mostly amateur Wall Street investors

As of Friday morning, a month since Trump Media’s initial public offering sent its stock to $66.22, it has plunged to $38.49. ...

High interest rates aren’t helping banks as they did before

The high street bank reported a pretax operating profit of $1.6 billion, and shares rose as much as 4.1% in ...