Business
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Warner Bros. Discovery posts nearly $10 billion loss
August 9, 2024
Warner Bros. Discovery posts nearly $10 billion loss
The loss included a $9.1 billion impairment charge related to the decline in the value of its linear networks.
Palantir enters partnership with Microsoft to sell AI to US defense
August 8, 2024
Palantir enters partnership with Microsoft to sell AI to US defense
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to a morning session at the Allen & Co. Technology…
Rheinmetall accumulates record orders amid Ukraine and Gaza wars
August 8, 2024
Rheinmetall accumulates record orders amid Ukraine and Gaza wars
Unlock Digest Editor for free FT Editor Roula Khalaf picks her favourite stories in this weekly newsletter. Rheinmetall has amassed…
Steve Mnuchin calls for phasing out the 20-year Treasury note he reintroduced
August 8, 2024
Steve Mnuchin calls for phasing out the 20-year Treasury note he reintroduced
A quick glance at the U.S. bond curve tells you something is wrong. One Treasury security—the 20-year bond—is standing apart…
Massive fire caused by Mercedes-Benz electric car raises safety concerns for industry
August 7, 2024
Massive fire caused by Mercedes-Benz electric car raises safety concerns for industry
A fire in South Korea has sparked debate over whether electric vehicles should be allowed in the country’s popular underground…
What Wall Street is watching
August 7, 2024
What Wall Street is watching
Investors want to know if Eli Lilly is seeing the same pricing pressure on its hit weight-loss drug Zepbound that…
Italy doubles tax on wealthy foreigners amid locals complaining about high prices
August 7, 2024
Italy doubles tax on wealthy foreigners amid locals complaining about high prices
Unlock Digest Editor for free FT Editor Roula Khalaf picks her favourite stories in this weekly newsletter. Italy has doubled…
Preparing For A Recession
August 7, 2024
Preparing For A Recession
In the face of an impending recession, a wave of unease often sweeps over us. It’s a term that conjures…
Olympics under pressure to drop Coca-Cola sponsorship after nearly 100 years over health and environmental concerns
August 7, 2024
Olympics under pressure to drop Coca-Cola sponsorship after nearly 100 years over health and environmental concerns
Two health experts on Tuesday called on Olympic organizers to cut ties with major sponsor Coca-Cola, arguing that the current…
Elon Musk’s X sues advertising coalition over ‘large-scale’ boycott
August 7, 2024
Elon Musk’s X sues advertising coalition over ‘large-scale’ boycott
The lawsuit accuses companies including CVS Health, Mars and Unilever of unfairly targeting the social media platform over safety standards.