US fires Greenland base commander after JD Vance visit

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US has sacked the commander of its military base in Greenland over her alleged attempts to “subvert President Trump’s agenda” after hosting the American vice-president on the Arctic island.   … Read more

Equities trading pushes Morgan Stanley profits ahead of expectations

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley reported a 26 per cent rise in first-quarter profits, powered by its equities trading business, which benefited from volatile financial markets during the early months of the Trump administration. Morgan Stanley … Read more

JPMorgan chief Jamie Dimon warns of ‘considerable turbulence’ in US economy

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan Chase chief executive Jamie Dimon warned that the US economy is facing “considerable turbulence” as the US bank reported a 9 per cent increase in profits for the start of 2025.  The largest … Read more

BlackRock inflows slow as market sell-off hits confidence

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest asset manager BlackRock has reported a slowdown in inflows after two record quarters, as the sell-off in financial markets weighed on investor confidence. The New York-headquartered group said it attracted … Read more

China increases additional tariffs on US imports to 125%

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China said it would increase additional tariffs on US goods to at least 125 per cent, in the latest ratcheting up of a trade war between the world’s two biggest economies. China’s finance … Read more

Renault emerges as winner in Trump tariff chaos

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] The turmoil caused by Donald Trump’s trade policies has ensnared the entire automotive industry except for one smaller player: France’s Renault. Having emerged from a five-year turnaround under boss Luca de Meo and with hardly any US sales, Renault is insulated — at least for now — from the 25 per cent tariff … Read more

Pentagon cuts $4bn in contracts with Deloitte, Accenture and Booz Allen

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. The Pentagon has terminated $4bn worth of IT services contracts with companies including Deloitte, Accenture and Booz Allen Hamilton as part of the Trump administration’s ongoing purge of consultancy spending. Defence … Read more

£4 espresso tests consumer patience, Lavazza warns

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] ‘When I see £4 for an espresso in London . . . I see the limit,’ says Italian roaster’s boss [ad_2] Source link

US consumers warned of higher prices from tariffs within weeks

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Retailers across the US are warning of a cascade of price increases and product shortages as early as this month as a result of Donald Trump’s tariffs. Some stores are preparing to raise prices within two weeks as the threat of tariffs of up to 125 per cent raise their costs, according to … Read more

Trump tests the American attitude to pain

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Two millennia ago, the Roman poet Decimus Junius Juvenalis (“Juvenal”) decried the political phenomenon of “bread and circuses”. Back in AD100, the Roman empire was crushed by so much debt and … Read more

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