Business

At the end of a mixed fortnight’s worth of trading updates from the US tech giants, it was down to the biggest of them – Apple – to lift investor spirits. The $3.35trn (£2.63trn) giant, established again in June as the world’s biggest company after five months during which Microsoft was bigger, reported sales of

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024.  David Paul Morris/Bloomberg via Getty Images Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and

Oh dear. It’s that day of the year that financial journalists – and a great many analysts, too – dread: The day, usually at the end of July or the beginning of August, during which scores of FTSE-100 companies report their financial results at exactly the same time. There are a number of reasons why

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024.  Jason Henry | Bloomberg | Getty Images For investors who are skeptical of Meta’s massive spending on artificial intelligence and whether it will pay

After a four-month search, a candidate has been found to fill one of the toughest jobs in global business – chief executive of Boeing. Succeeding Dave Calhoun, who was put in the ejector seat in March following the latest crisis to have engulfed the company’s 737 MAX jet, will be Kelly Ortberg. Mr Ortberg, 64,

The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023. Kazuhiro Nogi | Afp | Getty Images Japan’s central bank has raised its benchmark interest rate to “around 0.25%” from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program. But the Bank

Microsoft’s cloud service has been hit by another outage, weeks after an IT failure in the company’s services ground the world to a halt. In a post on X, Cambridge Water said some of its services were down this afternoon. “Due to worldwide issues with Microsoft Azure, a problem with our website is affecting several

Republican presidential nominee Donald Trump said Monday that while he “probably” will debate Vice President Kamala Harris, he “could also make a case” for avoiding a face-to-face confrontation with his likely Democratic opponent. Trump, in a Fox News interview that aired Monday evening, did not initially say whether he would commit to a debate with

Rachel Reeves has accused her predecessor of hiding a “£22bn funding gap” for the current financial year, announcing a series of “tough decisions” to compensate. The chancellor told MPs that the investigation she ordered into the spending plans Labour inherited following the election found a Conservative “cover-up” that “put party ahead of country”. Her statement,

A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s

Eddie Jordan, the former Formula One team-owner, has launched a multimillion pound legal fight against HSBC over its alleged mis-selling of a complex bond in which he invested. Sky News has learnt that Mr Jordan, who became one of Grand Prix motor racing’s most flamboyant and successful figures during a stint at the helm of

People walk past the New York Stock Exchange Wednesday, April 3, 2024 in New York. Peter Morgan | AP Company: Solventum (SOLV) Business: Solventum, formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1. It has four main segments. First, there is Medical Surgical, a

Cineworld has confirmed six cinemas will close as part of plans to cut jobs and save money, as the company struggles with debt. The cinemas will shut in “late September 2024” if the cost-cutting plans get legal approval. They are: • Glasgow Parkhead; • Bedford; • Hinckley; • Loughborough; • Yate; • Swindon – Regent

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has

Rachel Reeves will echo one of the great cameos in cinema history on Monday, when she updates Parliament on the findings of a Treasury audit of the public finances. Channelling Claude Rains’ masterful turn as Captain Louis Renault in Casablanca, she will tell MPs she is shocked at the state of the public finances, and

Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became