Business News
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Central banks around the world are expected to lower borrowing costs as global inflation eases from the multi-decade highs reached in many countries over the past two years. Some institutions, particularly in emerging markets, have … Read more
China’s President Xi Jinping will pay a state visit to Brazil Wednesday, fresh off a warm reception at summits of the G20 and APEC groups, both held under the cloud of Donald Trump’s White House return. Xi has said he would seek to “further enhance” ties with Brasilia when he meets counterpart Luiz Inacio Lula … Read more
Oscar-winning music composer AR Rahman and his wife, Saira Banu, announced their separation on Tuesday, ending nearly three decades of marriage. In a statement released through Saira’s lawyer, Vandana Shah, the couple shared that the decision came after years of “significant emotional strain” in their relationship, acknowledging that despite their love, “tensions and difficulties” created … Read more
A combination of lingering good sentiment and company-specific news was lifting cryptocurrencies and associated stocks higher on Tuesday. For the former, we didn’t see many dramatic price leaps, yet it seems the latest rally still has some mileage to it. The day really belonged to the crypto stocks, with Mara Holdings (NASDAQ: MARA) closing a … Read more
Wix.com press release (NASDAQ:WIX): Q3 Non-GAAP EPS of $1.50 beats by $0.07. Revenue of $444.7M (+12.9% Y/Y) beats by $0.74M. Net cash provided by operating activities for the third quarter of 2024 was $129.8 million, while capital expenditures totaled $2.1 million, leading to free
Check out what’s clicking on FoxBusiness.com. President-elect Donald Trump on Tuesday nominated Cantor Fitzgerald CEO Howard Lutnick to serve as commerce secretary. Lutnick, 63, has served as the co-chair of Trump’s transition team and was a key fundraiser for Trump’s 2020 and 2024 campaigns. Billionaire and Trump backer Elon Musk endorsed Lutnick for Treasury secretary. … Read more
By Eduardo Baptista and Lisandra Paraguassu RIO DE JANEIRO (Reuters) – Chinese President Xi Jinping’s state visit to Brasilia on Wednesday caps a diplomatic blitz across South America that has shown Beijing’s growing clout in the region and at global forums where it filled a gap left by the U.S. presidential transition. Xi and Brazilian … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some content could not load. Check your internet connection or browser settings. Tell us what you think What are your favourites from this list — and what books have we missed? Tell us in the … Read more
Since its inception, Walmart has been a beacon for the bargain shopper. But now the retailer known for its low prices is appealing to a new demographic: customers who make more than $100,000 per year. Walmart, the world’s largest retailer, reported a strong third quarter—and its chief financial officer in part credits this new customer base … Read more
A voter turnout of 18.14 per cent was recorded in Maharashtra till 9 am as polling is underway on all 288 assembly seats in the state. Voting across 288 assembly seats in Maharashtra began at 7 am and will continue till 6 pm on Wednesday. The counting of votes and results will be declared on November … Read more