Market snapshot ahead of the FOMC meeting The US CPI for the month of May cooled, causing the dollar to fall sharply ahead of the FOMC statement and updated forecasts due at 7pm (UK). For real-time coverage, read our US CPI report from senior strategist Nicholas Cawley. On the face of it, it was a … Read more
Stay informed with free updates Simply log in to the British employment myFT Digest – delivered straight to your inbox. British wage growth remained strong in the three months to April as a rise in the minimum wage boosted pay packets despite a slowing labor market, official data showed on Tuesday. The Office for National … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Alumis and Upstream Bio, two U.S. startups developing drugs for inflammatory diseases, have filed for initial public offerings as dozens of biotech companies prepare to go public this year, according to people familiar with the … Read more
Shoppers have welcomed plans for a Christmas market at Ashford Designer Outlet, but there are fears it could attract even more customers from the city centre. Bosses have pitched their idea to Ashford Borough Council (ABC) to set up stalls over the festive period. The Ashford Designer Outlet extension could accommodate nine wooden market stalls … Read more
Shoppers have welcomed plans for a Christmas market at Ashford Designer Outlet, but there are fears it could attract even more customers from the city centre. Bosses have pitched their idea to Ashford Borough Council (ABC) to set up stalls over the festive period. The Ashford Designer Outlet extension could accommodate nine wooden market stalls … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The U.S. labor market added 272,000 jobs in May, far more than forecast, pushing back market expectations for the timing of the Federal Reserve’s rate cuts. The Bureau of Labor Statistics figures match economists’ prediction … Read more
The crypto market capitalization has risen slightly over the past 24 hours. The price increase of BTC and ETH contributed to the increase in market capitalization. The cryptocurrency market recently experienced a slight increase in market capitalization. This growth was largely driven by Bitcoin prices [BTC] and ether [ETH]that dominate the market. Furthermore, both assets … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Nvidia’s market value soared above $3 trillion, overtaking Apple on Wednesday as the world’s second most valuable company after a year of incredible growth driven by demand for its artificial intelligence chips. Shares of the … Read more
Oil prices fell to their lowest level in four months on concerns over plans to increase supply even as demand cools. After falling 3 percent on Monday to below $80 a barrel, Brent crude was on the decline again yesterday, falling another 2 percent to $77. That was the second day of losses since the … Read more
Chinese fast-fashion giant Shein appears to be moving to London instead of New York for its planned stock exchange listing. On the face of it, this would be a huge boost for London, especially given last year’s search for its attractiveness following a string of major British and Irish companies. moved their main stock exchange … Read more