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The Latest Breaking News from the Financial Times

Nvidia surges past $900B market cap in extended trading after forecast suprise

Nvidia shares jumped almost 25% in extended trading after the chipmaker gave a revenue forecast 50% higher than analyst estimates.

Fortune

The Apple VR headset scares Meta — it's scrambling to get this new feature to stay ahead (report)

The long-awaited Apple VR headset is reportedly poised to be revealed at WWDC 2023, and Meta is allegedly scrambling behind the scenes to get ahead of the competition.

Laptop

EU Foreign Minister says Europe should stop entry of Indian products made from Russian oil

Earlier this month, the Petroleum and Natural Gas Ministry strongly denied a Finland-based think tank’s report alleging that India led five countries that acted as “laundromats” to buy Russian oil and sell refined products to European countries

The Hindu

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Labour plans ‘right to switch off’ for workers

‘Constant emails and calls outside of work should not be the norm and is harming work-life balance for many,’ Angela Rayner said.

The Independent UK

What is Title 42? The strict Covid border rules that have come to an end on the US border

A Covid pandemic policy that restricted the right to claim asylum at the US-Mexico border has expired, with significant implications for American politics – and for the flow of migrants from South and Central America.

The Week

Bank Reports Show Signs Of Stability. But Investors Are Still Nervous.

PacWest reported deposits stabilized, healthy liquidity for its Q1 miss but investors are still rattled. Blackstone plays bank, insurance matchmaker.

Investors Business Daily

The highlights and lowlights from King’s coronation weekend

The coronation of King Charles III took place to both fanfare and controversy on Saturday, battling high expectations and appalling weather to please the maximum number of subjects.

The Week

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Yellen warns of 'constitutional crisis' in US debt ceiling showdown

US Treasury Secretary Janet Yellen has urged lawmakers to find common ground and raise the country's borrowing limit. Speaking to ABC News, she also warned that the idea of invoking the 14th amendment to raise the debt ceiling could lead to a "constitutional crisis". Also, the Financial Times reports that…

France 24

EUs plans to slap sanctions on Chinese firms aiding Russia's war machine - FT

The European Union has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine, the Financial Times reported on Sunday.

Reuters

Party like it’s 1997: can Tories stop a Labour landslide?

Labour’s strong showing in the local elections has led some to suggest the party could be on track for a 1997-style landslide victory at the next general election.

The Week

Vodafone and Three set for multi-billion pound UK mobile merger

Vodafone and Three likely to join forces to form UK telecoms giant.

TechRadar

Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Berkshire Hathaway distanced itself from Silicon Valley Bank and Signature Bank with history supporting instable banks.

Zenger

Warren Buffett’s right-hand man Charlie Munger says most money managers are little more than ‘fortune tellers or astrologers’

The 99-year-old Berkshire Hathaway vice chairman told the Financial Times Sunday there’s now a “glut of investment managers that’s bad for the country.”

Fortune

Emma Watson Gets Candid About Stepping Away From Acting After Harry Potter, Little Women: ‘I Wasn’t Very Happy’

Emma Watson hasn't acted in a movie since 2019, and she's candid about stepping away after Harry Potter.

Cinemablend

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Asharq Al-Awsat

Pfizer, BioNTech Propose EU Pays Half for Each Cancelled COVID Dose

Pfizer Inc and BioNTech's new proposal to the European Union, amid a glut of COVID-19 shots, includes a provision for member states to pay half price, or about 10 euros ($11), for each of about 70 million cancelled doses, the Financial Times reported on Sunday. The revised contract would allow…

Wales Online

The small Cardiff bakery that's just been named among the top 20 in the UK

The Financial Times has commended Brod for offering "real deal" Danish pastry

Barchart

Stocks Settle Mixed Ahead of Mega-Cap Tech Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.24%. Stock indexes Monday drifted sideways and settled mixed. Lower...

Windows Central

Arm reportedly wants to make its own chip to show off its designs

Arm is reportedly working on its own chip prototype that will show off the capabilities of the company's designs.

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Fortune

Spain drought could keep olive oil prices high

A drought in Spain, which is the largest producer of olive oil, is driving prices to record levels.

France 24

Memory chips dominate South Korean president's visit to US

As South Korean President Yoon Suk-yeol heads to Washington for a visit, the Financial Times is reporting that the White House has asked Seoul to urge its chipmakers (Samsung Electronics and SK Hynix) not to fill the China shortfalls of US rival Micron in the event of a ban by…

Tribune News Service

At least 9 members of Congress sold bank stocks during turmoil, report says

WASHINGTON — At least nine members of Congress sold banking stocks before and during the market turmoil in March, the Financial Times reported.

The Guardian - UK

Gareth Smyth obituary

Other lives: Political journalist who covered the Middle East for 30 years, from the UK and as the Financial Times’s chief Iran correspondent in Tehran

Fortune

BMW apologizes for ice-cream incident at Shanghai Auto Show

Social media users accused the carmaker of discrimination, with one hashtag attracting millions of views on Twitter-like platform Weibo.

Reason

US Regains Pre-Trump, Pre-Pandemic Immigration Levels

We owe this achievement to a combination of Covid vaccines and Biden Administration policy changes. But much more can be done.

Reuters

Ecuador's President Lasso vows to dissolve congress if it tries to impeach him -FT

Ecuador's President Guillermo Lasso said he will dissolve congress and call early elections if he does not muster enough support among legislators, the Financial Times reported on Tuesday citing an interview with Lasso.

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