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TikTok Inc
TikTok’s US revenues hit $16bn as Washington threatens ban
...TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned.Three people with knowledge of its finances said the app, owned by Beijing-based...
March 15, 2024
Apple Inc
EU to hit Apple with first ever fine in €500mn music streaming penalty
...Apple has never previously been fined for antitrust infringements by Brussels, but the company was hit in 2020 with a €1.1bn fine in France for alleged anti-competitive behaviour....
February 18, 2024
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
News in-depthTikTok Inc
How TikTok’s Chinese owner tightened its grip on the app
...TikTok hit a record $16bn in sales in the US in 2023, the FT reported last month....
April 25, 2024
Chinese society
Netflix adaptation of sci-fi novel ‘The Three-Body Problem’ sparks anger in China
Western take on much-loved Chinese bestseller hits wrong notes for state media and broader audience
March 29, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Its bottom line in China is also set to take a hit this year as it loses a 15 per cent preferential tax rate, which remains available to many of its local competitors....
March 10, 2024
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
...Other blockbuster hits include Hearthstone and Diablo III. World of Warcraft alone has more than 3mn players in China....
April 13, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Bitcoin
Bitcoin tumbles from record high as Grayscale ETF outflows hit $12bn
...The world’s largest cryptocurrency, which hit $73,800 last Thursday, dropped as low as $60,760 on Wednesday before recovering to just under $63,000....
March 20, 2024
Asia-Pacific equities
Japan’s Nikkei hits 34-year high on weak yen
Stocks in Tokyo on track to surpass all-time record reached in December 1989
February 9, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...record-breaking immunology drug Humira came off-patent early last year after generating more than $200bn in sales for the drugmaker over two decades, a number of cheaper copycat products, known as biosimilars, hit...
April 25, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
April 15, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...After a crash, the pain can be delayed but then hits with a vengeance. That is the danger European carmakers face....
April 23, 2024
TikTok Inc
China hits out at US push to ban TikTok as Steven Mnuchin plots bid
...Beijing has hit out at US legislation to ban TikTok as former Treasury secretary Steven Mnuchin said he was assembling a consortium to buy the app from its Chinese owner....
March 14, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...Kohl’s suggested last month that it could take a $250mn to $300mn hit to its annual credit card revenue as a result of the late fee cap....
April 5, 2024
FT Asset Management
Elon vs Tesla shareholders
...Cathie hits the comeback trail Cathie Wood — I think still the only woman in finance who is often known by her first name alone — is back....
February 5, 2024
LexFinancials
Hits and misses: groupthink gaffe meant 2023 was payback time Premium content
...When interest rates rose, higher discount rates hit valuations for companies seen as growth plays. The tech sector later rallied on AI hopes. But payments groups stayed in the doldrums....
December 27, 2023
FT Live
Global Wealth Management Summit
Recalibrating business for multi-generational private clients
Wednesday, 6 November222 Marylebone Road, London NW1 6JQ, United Kingdom
Fund management
The private capital industry’s ‘dry powder’ has hit $4tn
What could go wrong?
December 12, 2023
Unhedged
What’s wrong with Apple? Premium content
...This has already hurt Apple’s sales in China, and tariffs may hit margins in the US before long. Legal trouble....
April 2, 2024
Anjli Raval
Competent jerks have a shelf life in the office
...The problem for many of these individuals is that they are likely to hit a ceiling. They may have progressed through their organisation with little clue about their effect on others....
January 14, 2024
LexSotheby's Inc
Auction houses: fees hit by competition for blockbuster lots Premium content
...Commissions as a percentage of sales at Sotheby’s have accordingly been hit, judging from public accounts to 2020 and subsequent Luxembourg filings by BidFair, the parent company for all Sotheby’s businesses...
December 9, 2023
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms group
March 26, 2024
Berkshire Hathaway Inc
Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
...It hit a record $167.6bn at the end of 2023, up $39bn over the course of the year. “Size did us in, though increased competition for purchases was also a factor,” Buffett said....
February 24, 2024
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The moves come after the commission hit Apple with a €1.8bn fine for preventing music streaming apps such as Spotify from informing users about cheaper deals....
March 25, 2024
FT Swamp Notes
Tyler Cowen: Why we will learn to love AI Premium content
...The chair bounces off and hits her in the face.”...
April 19, 2024
Special ReportThe Americas’ Fastest Growing Companies
Its blockbuster cystic fibrosis treatment costs $300,000 a year. Now Vertex wants to solve the opioid crisis
...Since its launch in 2019, Trikafta has generated $26bn in revenues and is expected to hit $10bn in annual sales next year....
April 26, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
More competition and flagging demand in the Chinese market hit leading battery and plug-in hybrid vehicle makers
April 2, 2024

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