Business
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Walmart and Target’s earnings show Americans are struggling with inflation
May 23, 2024
Walmart and Target’s earnings show Americans are struggling with inflation
Economists have been looking for cracks in American consumer spending for years now amid persistent inflation and higher interest rates,…
Target reported another sales decline
May 23, 2024
Target reported another sales decline
Comparable sales fell 3.7%, marking the retailer’s fourth consecutive quarter of decline.
Nvidia shatters earnings expectations, rankings continue to dominate AI
May 23, 2024
Nvidia shatters earnings expectations, rankings continue to dominate AI
In the most anticipated quarter of this earnings season, Nvidia outperformed even lofty expectations for results and profits. What’s even…
Biotech stocks soared as two new human cases of bird flu emerged
May 22, 2024
Biotech stocks soared as two new human cases of bird flu emerged
Stay up to date with free updates Simply sign in Pharmaceutical industry myFT Digest — delivered directly to your inbox.…
BuzzFeed has a new activist investor: Former GOP presidential candidate Vivek Ramaswamy
May 22, 2024
BuzzFeed has a new activist investor: Former GOP presidential candidate Vivek Ramaswamy
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has bought a minority stake in BuzzFeed, the digital publishing company…
Marks & Spencer is optimistic about growth as profits rise
May 22, 2024
Marks & Spencer is optimistic about growth as profits rise
The UK retailer put annual pre-tax profits at $855m, below analysts’ forecasts, but said it was confident of making further…
Stellantis CEO says electric vehicle tax is a trap
May 22, 2024
Stellantis CEO says electric vehicle tax is a trap
Automobile giant Stellantis CEO Carlos Tavares speaks to journalists during a joint Stellantis and Leapmotor media event in Hangzhou, Zhejiang…
Meta AI director says large language models will not reach human intelligence
May 22, 2024
Meta AI director says large language models will not reach human intelligence
Meta’s chief artificial intelligence officer said the large language models that power AI products capable of creating things like ChatGPT…
Formula 1 wants Monaco to spend more to host the luxury Grand Prix
May 22, 2024
Formula 1 wants Monaco to spend more to host the luxury Grand Prix
Liberty Media Corp., the owner of the Formula 1 racing business, is seeking additional funding from the principality of Monaco…
Cartier owner Richemont appoints Van Cleef & Arpels Head as new CEO
May 22, 2024
Cartier owner Richemont appoints Van Cleef & Arpels Head as new CEO
Richemont said Nicolas Bos will replace Jerome Lambert as CEO, tapping a company veteran who most recently led French jewelry…