Business
Billionaire investor Ray Dalio warns U.S. is ‘on the brink’ and estimates a more than one in three chance of civil war
The Bridgewater hedge fund founder recommends only investing in the ‘best parts’ of the United States and moving the rest ...
Wayfair to open its first large store, as physical locations make a comeback
What “retail apocalypse”? Wayfair and other digitally native companies are turning to physical stores for growth as e-commerce profits become ...
BT shares soar as British broadband provider targets another £3 billion in cost cuts
Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.
Here are Thursday’s biggest analyst calls: Nvidia, Netflix, Tesla, Intel, Robinhood, FedEx
Here are the biggest calls on Wall Street on
An ultra-popular home loan right now allows a 3.5% down payment
The only type of mortgage loan that has increased in the past two years are those insured by the FHA. ...
Microsoft offers staff to relocate from China
Offer comes as tensions rise between Washington and Beijing over sensitive technology
Amazon raised warehouse wages to $15 an hour 5 years ago. Today, half of workers surveyed told researchers they struggle to afford food or rent
Amazon has long been criticized for its treatment of employees, especially those who pack and ship boxes in its warehouses. ...
The myth that money supply controls inflation is being revived. Here’s how it failed its most ardent believer—Margaret Thatcher
The myth of a golden monetarist age is being revived decades after the U.K. prime minister’s experiment failed. Read More
Japan may have escaped deflation only to risk stagflation instead, as the country’s economy slumps for 3 straight quarters
Japan’s economy shrank by an annualized rate of 2% in the first quarter of 2024, as a weak yen and ...
Ex-wife of F1 billionaire Bernie Ecclestone sets up family office to manage $881M divorce settlement
Malic’s chief investment officer is focusing on “wealth preservation,” joining a growing list of female investors. Read More
Florida Gov. DeSantis signs bill banning power-generating wind turbines offshore or near the state’s coastline
It takes effect July 1 and would also boost expansion of natural gas, reduce regulation on gas pipelines in the ...
Thursday’s analyst calls: Fast food stock to surge 40%, what to expect from Nvidia earnings
A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street.
EasyJet shares fall on profit miss, CEO departure
Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss ...
Rolex seller shares soar after strong U.S. sales—despite it being an ‘underdeveloped market’
Watches of Switzerland Group reported a 14% increase in sales in its fiscal fourth quarter. That helped total sales rise ...
Unmarried millennials are twice as likely as boomers to buy homes solo—and 10 times as likely to buy with a friend
Young buyers are being forced to come up with “creative solutions” to an expensive housing market. Read More
EU launches probe into Meta over social media addiction in children
Facebook and Instagram owner to be investigated on whether it does enough to protect mental health of young users
Meta slapped with formal EU probe over child safety risks
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms ...
The story of Labour power, told in pledge cards
Keir Starmer’s 1997-style pitch for votes grasps the party’s strengths and weaknesses
Europe’s largest telecoms operator backs guidance following a revenue boost in core markets
Deutsche Telekom is benefiting from a strong position in its two main markets, Germany and the U.S., both of which ...
Barge slams into Texas bridge causing partial collapse and oil spill
The accident came weeks after a cargo ship crashed into a support column of the Francis Key Bridge in Baltimore, ...
U.S. data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.
Biden to raise solar import tariffs in bid to protect US industry
Move follows sweeping levies on Chinese goods in latest protectionist trade action ahead of November election
Taylor Swift’s Eras Tour could give the UK economy a $1.2 billion boost
Barclays says Taylor Swift fans are expected to spend over $1,000 on average to see the singer on the U.K. ...
BT to cut another £3bn of costs
Shares rise 8% as chief executive Allison Kirkby says telecoms operator at an ‘inflection point’
India ‘very favorable’ for IPOs, Peak XV says, as economy and investor sentiment stays strong
India offers a “very favorable” environment for companies to list, said Peak XV Partners.
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bank
‘Biggest barrier’ to Saudi-Israeli normalization is the two-state solution, says ex-CIA director
“A solid path, a solid commitment to a two-state solution from Israel” is the biggest hurdle to Israel and Saudi’s ...
‘Big Short’ investor Michael Burry bets big on China e-commerce
The wagers appear to be paying off, as Chinese policymakers’ efforts to stem a rout and signs of improvement in ...
Why growing China-Russia military ties worry the west
Closer co-operation forged through joint exercises is forcing Pentagon and allies to react
