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...The Chinese commerce ministry said Beijing “firmly opposes” the US move, which it described as “economic coercion”....
...That has unnerved the lawyers who believe the state’s reputation for predictability is eroding, potentially risking its status as the premier place for US businesses to incorporate....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...Which brings us, neatly, to the question of what if anything Berkshire — whether under Buffett or its next generation of leaders — can do to present a distinctive value proposition to investors in the future...
...Many of us have become used to the coldbloodedness and impulsivity of the Musk school of management....
...Given its £971mn market value, it is not clear what US index it would get into....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...The law, signed by President Joe Biden, has aggravated US-China tensions, and the lawsuit is the first step in a legal battle that is likely to decide TikTok’s fate in the US and could make its way to the...
...“I’ve heard a lot of reasons why [using NAV loans] has created a lot of concern,” said Andrea Auerbach, head of global private investments at Cambridge Associates, a US group that advises institutions on...
...“Some companies probably thought that shock was going to be permanent,” said Steven Blitz, chief US economist at TS Lombard. “Now they’re getting a painful bounceback from that.”...
...It is the US that is becoming more dogmatic while China is becoming more pragmatic....
...Wi said the picture in South Korea was complicated by the fact that in many online sectors, the most dominant players were not the US big tech groups but local platforms including Naver, Kakao and the US-domiciled...
...However Jen Wong, Reddit’s chief operating officer, cautioned on the call that the company had less “visibility” into how the second half of the year would pan out, noting that the US election in November...
...Credit card delinquencies are rising in the US. There is a proposed cap on how much card issuers can charge for late payments....
...Another option: jump on the demerger bandwagon and spin off US yoghurt as a separate publicly listed company....
...If you back out the new IRA US tax credits (which Tesla doesn’t seem to disclose) then automotive gross margin looks to have fallen even further, to around 14.1 per cent....
People in the US are being squeezed to such an extent that they are spending less altogether
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
...Further growth is expected: US adjusted earnings are forecast to more than triple to about $710mn in 2024 on revenues of $5.8bn to $6.2bn, up from $4.4bn in the US last year....
...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....
New hardware signals iPhone maker’s growing focus on running artificial intelligence features on mobile devices
...The last threat strikes us as the least important, based on the history of legal challenges against US tech giants....
...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....
...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
At-home exercise equipment seems to have been just a Covid lockdown fad, and cars a necessity
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