Walmart shares tumble as sales growth slows to six-year low
Retailer to use almost $2.9bn in tariff refunds to deliver price cuts for squeezed American consumers
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Financial Times
Global business from the Financial Times
Business · 720 articles · page 12 of 20 · fetched about 1 hour ago
Guggenheim loan trades in distressed territory after investor call
Chief executive Mark Walter’s business empire has come under pressure amid probe into his insurance holdings
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Quant funds rocked as Treasury boosts buybacks and Moderna shares leap
Tumultuous session puts further pressure on momentum trades that have been unsettled since AI-related stock sell-off
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The US Treasury is buying long bonds, but not very many
Speaking loudly but wielding a teeny-tiny stick
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Nvidia looks well placed to benefit from the next stage of the AI boom
The world’s biggest chip company is using its balance sheet to seed new markets and a new business model
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US long-term bonds slide as Bessent intervention fails to soothe investors
Yield on 30-year Treasuries rises despite move to ‘at least double’ purchases of securities
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Europe’s oil refining capacity set to shrink by 20% over next decade
North America and Europe to lose further capacity to turn oil into petrol, diesel and jet fuel because of investor…
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From balloons to pans: in praise of useful tech
Companies developing new materials with previously unknown properties could change the material world
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Trump announces new drive to isolate and crush Iranian economy
UAE, long a crucial trading hub for Tehran, has also suspended commercial ties
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Investors cut bets on US and UK rate rises
Weaker economic data has changed expectations despite a rally in oil prices
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North Korea launches missile barrage after dismissing Trump overture
Kim Jong Un’s sister casts doubt on claim of communication between Pyongyang and Washington
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Trump is losing his war of independence on rare earths
Inefficiency, untrustworthiness and cronyism are weakening the administration’s plans to stand up to China
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Russia launches deadly missile and drone attacks on Kyiv
At least 16 killed as Ukraine struggles with a shortage of Patriot interceptor missiles
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Founder of collapsed Chinese property giant given life sentence
Evergrande chair Hui Ka Yan jailed following developer’s default almost five years ago
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Demand for tankers soars as Gulf oil producers search for ways to export cargoes
Middle Eastern countries looking to secure their own fleets are driving up prices
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Top US law firms hit by backlash over ‘crazy’ hiring of first-year students
Wall Street firms are recruiting ever earlier, drawing concern from students and executives
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Barclays struggles to ‘retrain the dog’ on Wall Street
Investment bank’s seventh co-CEO in four years expected to face same restrictions as predecessors
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Trump wants Washington museums to be less ‘woke’ on US slavery
Smithsonian Institution’s telling of American history becomes latest target of Maga movement
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Moderna pins hopes on ‘game-changer’ for cancer vaccines
Technology behind blockbuster Covid jabs is yielding promising results in oncology treatment
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War comes to Putin’s favourite Black Sea resort
Ukrainian drone attacks bring sirens, oil slicks and petrol queues to Russians holidaying around Sochi
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The container revolution is running out of room
Containers have transformed ports, cities and trade. Now the revolution is reaching a limit
Read at source →North Korea dismisses Trump overture
Kim Jong Un’s sister casts doubt on claim there has been communication between Pyongyang and Washington
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Trump proposed reviving the Keystone XL pipeline. Does Canada still want it?
The bilateral relationship has soured significantly since the project was first proposed two decades ago
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Hudson River posts $11.4bn trading windfall as it seizes on market tumult
Wall Street firm benefited from swings in AI stocks and volatility triggered by Iran war
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US government debt hits $40tn as borrowing rises at historic rate
Public spending surges despite Trump’s vow to stabilise America’s finances
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Moderna shares nearly triple on skin cancer vaccine success
Drugmaker’s melanoma shot developed with Merck delivers positive outcome in late-stage trial
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Zelenskyy fires top aide as corruption allegations pile up
Raid on Ukrainian official’s home came after ousted defence minister launches a blistering attack on wartime president
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Fed officials express rising concern over persistently high inflation
Minutes from July central bank meeting show ‘many’ policymakers are prepared to increase borrowing costs
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US Treasury to boost long-term bond purchases in bid to steady market
Move reflects Washington’s concerns about sharp rise in borrowing costs, investors say
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Private credit risks remain at large
Regulators and investors should pay attention to the strain in the direct loan market
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Grain prices surge after Ukraine war chokes off seaborne exports
Analysts fear global food price shock if attacks on terminals and ships continue
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Charlesbank nears law firm deal as private equity pushes deeper into US legal sector
Investment in insurance defence specialist WSHB expands non-lawyer ownership beyond personal injury firms
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Putin pledges help for Wildberries warehouses hit by Ukraine
Kyiv’s drones have partly or completely destroyed seven warehouses of Russia’s largest online retailer
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Moderna’s cancer shot: exciting for investors, inconclusive for patients
A glimmer of hope for sufferers, a potential revenue platform for a cash-burner, and a whole heap of unknowns
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