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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
April 23, 2024
Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...Apple, Nestlé and Engie are among the thousands of tech, consumer goods companies and utilities to receive the SBTi seal of approval for their climate plans....
April 21, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
WPP PLC
Ogilvy forms health influencer unit to target ‘new frontier’ in marketing
...Wellness is another growth area on social media that has attracted influencers who offer advice without any medical experience and are seeking to sell products or services....
April 23, 2024
News in-depthTikTok Inc
TikTok staff face big US tax bills on shares they cannot sell
...TikTok’s US business denies it shares data related to its US users with entities in China. However, the dispute over RSUs shows that may not be the case for information about its US employees....
April 9, 2024
Netflix Inc
Netflix profits surge after password-sharing crackdown
...Netflix has been pushing further into sports-related content, including a $5bn deal to live stream World Wrestling Entertainment’s flagship Raw programme in the US over the next decade....
April 18, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
April 19, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Credit cards
Visa and Mastercard agree $30bn settlement over US transaction fees
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
March 26, 2024
LexCredit cards
Visa and Mastercard’s deal to cut fees is a hollow consumer victory Premium content
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
March 27, 2024
Unhedged
Inflation is not going quietly Premium content
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. CPI: stuck If three data points make a trend, then US inflation looks stuck at 3 per cent....
April 11, 2024
Paramount Global
Skydance in exclusive merger talks with Paramount
Potential sale comes after Apollo’s $26bn offer was rebuffed
April 3, 2024
Google LLC
Google streamlines structure to speed up AI efforts
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
April 18, 2024
Citigroup Inc
Citigroup profits beat forecasts as bank sheds thousands of jobs
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
April 12, 2024
Airlines
US airlines under fire for raising baggage fees again
...Many passengers only fly once a year and thus may not understand how services once included in a traditional airfare now cost extra, or how to navigate an airline’s website to find more pricing information...
March 10, 2024
Accountancy
Investors left in the dark after US companies fail to file on time
...The auditors of large US companies are required not just to sign off on the annual figures themselves but also on the internal controls and systems that a company used to produce them....
March 1, 2024
Exchange traded funds
US active ETF flows soar past previous records
...Flows to active US exchange traded funds have surged past previous records for both monthly and quarterly hauls, helping to drive assets held in the vehicles above $750bn at the end of March....
April 11, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
US & Canadian companies
Pwease don’t be mean, I’m just a wittle luxury bag conglomerate 👉👈
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
April 23, 2024
BlackRock Inc
BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash
...BlackRock is not the only US company to step up security spending on its chief executive.Disney chief Bob Iger’s 2023 pay package included $1.2mn in costs for “security services and equipment”, the entertainment...
April 21, 2024
Warner Bros Discovery, Inc
Warner Bros Discovery aims for global market with Europe launch of Max
...Subscriptions to the service in the US have stabilised after an initial drop mostly caused by the overlap between customers of Discovery Plus and HBO Max and the streaming service made an annual profit,...
March 21, 2024
The FT ViewThe editorial board
The US brings a landmark case against Apple
...These are “superapps” that enfold many different services and would make the App Store less central, and cloud gaming services that can rely on less powerful handsets, weakening the need for an iPhone....
March 27, 2024
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
March 25, 2024
Exchange traded funds
ETFs surge to dominant position in US model portfolios
...BlackRock’s US Equity Factor Rotation ETF (DYNF) is another to be swept up by the model portfolio tide....
April 15, 2024
Ripple Labs, Inc.
Ripple Labs joins stablecoin rush amid crypto market revival
...Ripple said its stablecoin, which will be launched later this year, would be based in the US, pegged 1:1 to the US dollar and fully backed by dollar deposits, short-term Treasuries, and other cash equivalents...
April 4, 2024
LexAsset allocation
Larry Fink’s faith in the power of markets needs some tempering Premium content
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
April 2, 2024
World Wrestling Entertainment, Inc.
Netflix strikes $5bn deal to livestream WWE’s Raw show
...Under the deal, Netflix will also have the right to stream all WWE programmes outside the US, including SmackDown and WrestleMania....
January 23, 2024
BlackRock Inc
BlackRock loses appeal over UK tax on $13.5bn BGI deal
...US....
April 11, 2024

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