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Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’
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Virgin Galactic stock tumbles on Morgan Stanley downgrade
Shares of Virgin Galactic Holdings Inc. tumbled 8.2% Wednesday after Morgan Stanley downgraded the stock to underweight. The stock is…
North Korea scraps military agreement with Seoul as tensions rise
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.North Korea…
Nvidia’s big beats don’t wow like they used to — but here’s the good news for the stock
It’s a testament to Nvidia Corp.’s glow-up over the past year that Wall Street has become largely desensitized to results…
How Silicon Valley reunited Sam Altman and OpenAI
When OpenAI announced Sam Altman’s return to the helm on Tuesday evening, an impromptu party broke out at the company’s…
Retail execs say clothing demand is getting better. But it’s still kind of a mess.
After unwanted shirts and pants piled up in warehouses and stockrooms last year, clothing chains such as Gap Inc. and…
Autumn Statement 2023: as it happened
The country’s biggest retailers, offices and factories will collectively see their annual business rates bill increase by about £1.66bn as…
South Korean EV battery makers lay off workers and scale back investments in US
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Leading battery…