Mark Zuckerberg is becoming the king of the ‘side quest’
Meta is working on a plethora of products outside its comfort zone — and the side hustles come with high stakes
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Financial Times
Global business from the Financial Times
Business · 712 articles · page 15 of 20 · fetched about 1 hour ago
Citadel buys Situational Awareness equity holdings after steep AI losses
Deal comes after Leopold Aschenbrenner’s investment firm held overnight crunch talks with investors
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Kevin Warsh’s concerning communication style
Fed chair’s press conference exposes the shortcomings of his approach
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China is not the solution to the US chipflation problem
Buying memory chips from companies like CXMT could lower costs but risks dependence
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Microsoft adds record $480bn in market cap as results cheer investors
Revenue in tech group’s intelligent cloud segment surges 32% to $39.3bn
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Are investors really getting cold feet about the AI boom?
It is not clear whether there has been a serious change of heart about the trade underpinning the stock market
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Japan’s yen jumps 3% as speculation over intervention swirls
Currency on track for one of its biggest moves in recent years amid growing calls for action to arrest slide
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Warsh’s stripped-back Fed communication ‘already backfiring’, say investors
Traders warn lack of guidance on interest rates erodes US central bank’s influence on Treasury market
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Trump says he could pull Todd Blanche’s attorney-general nomination
President’s suggestion comes as two Republican senators threaten to torpedo top lawyer’s confirmation process
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Ferrari profits boosted by AI wealth and hyper-personalisation boom
Custom services set to account for as much as 20% of revenue, Italian luxury-car maker says
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US economy grew less than expected at 1.5% rate in second quarter
Slowdown comes amid continued impact from Middle East war
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Meta shares tumble as Zuckerberg tries to sell his vision for AI ‘agents’
Social media chief defends strategy based on personalised bots as costs rise and revenue projections disappoint
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Fifa not ‘selling the World Cup’ in $20bn commercial plan, says adviser
Greg Maffei defends contentious proposal he helped shape as body’s move to bring in outside investors is hit by backlash
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Trying to make sense of Warsh
Abdicating responsibility or fortifying the markets with anti-fragility serum?
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US launches strikes on Iran after Trump vows to deliver ‘beating’
Attack comes day after Tehran launched ballistic missiles at American forces
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‘My life’s screwed’: Korean investors stress out after AI bubble bursts
Millions suffer ‘unprecedented’ losses after Samsung and SK Hynix stock tumbles
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Bank of England holds interest rates at 3.75%
MPC signals it could still lift borrowing costs if Middle East war hostilities lead to more persistent inflation
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US borrowing costs hit 19-year high as Fed defies inflation fears
Central bank holds rates even as investors worry Iran war will ignite jolt of price growth
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DR Congo’s cobalt boom carries an unwanted cargo: uranium
Radioactive ores have become a proliferation risk in the land that supplied material for second world war atomic bombs
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Chinese stocks on track for worst month in decade
Investors pull out of ‘picks and shovels’ suppliers to AI boom
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Winner of US-China AI rivalry falls 2% in Hong Kong debut
Shandong-based Innolight supplies data centre equipment to American and Chinese tech groups
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Hedge funds raise bets against US-backed critical minerals companies
Short sellers increase wagers amid concerns that rally had run too far
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How exposed is the UK economy to the second China shock?
Less so than some of its G7 partners but not entirely immune
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ByteDance’s big bet on AI
The Chinese company behind TikTok is pouring resources into the technology. Some think it is a big gamble
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Saudi Arabia is still doomed to dependence on America
The US president’s latest outburst reveals that Benjamin Netanyahu’s preferences continue to trump Mohammed bin…
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Global surge in copper theft snares telecoms and trains
High prices tempt organised crime to target the metal in power and telecoms lines globally
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Leopold Aschenbrenner’s $20bn hedge fund seeks to raise capital after AI rout
Hedge fund has held talks with existing investors and lenders in recent days
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Investors warn BoJ faces test to inflation-fighting credibility
Friday’s meeting on interest rates will be closely watched for signs of future policy decisions
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Digital avatar of Jair Bolsonaro tests Brazil’s AI election rules
Lawyers for former president insist he did not authorise the projection following legal challenge from leftwing groups
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Qualcomm posts shrinking sales and profits as chip costs hurt smartphone market
Net income falls 25% as higher memory chip prices hit device business
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Infantino defends $20bn Fifa commercial venture after mounting backlash
President of world football’s governing body says plan to sell stake to investors ‘is an opportunity and not an…
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Oil prices surge after Trump says Iran will ‘get a beating’ for missile attack
Washington says Tehran launched an attempted ‘surprise attack’ on US military installations in the Middle East
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Fauci invokes Fifth Amendment at fiery Senate hearing on Covid-19
Republican lawmakers threaten to hold scientist in contempt for failing to answer questions
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US oil inventories fall to ‘precariously low’ level as Iran war disrupts supply
Decline could erode ability to supply Asian and European markets dependent on supplies from the Middle East
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Nvidia’s chips may be novel, but its ‘circular financing’ isn’t
Chipmaker is basically writing cheques to enable its customers to buy more of its products than they could otherwise…
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