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The Latest Breaking News from the Financial Times

Asahi forced to take orders by fax as Japan races to avoid beer shortage

Japan’s best-known beer maker struggling to restore normalcy after ransomware incident paralyses delivery

The Independent UK

The first Open AI gadget from Jony Ive is reportedly delayed — ‘you should have a friend who’s a computer who isn’t your weird AI girlfriend’

OpenAI is working on some wearable devices, but despite not even being fully announced yet, there are already delays in place.

Tom’s Guide

Private Equity Stocks Burn While Wall Street Parties—Is A Credit Crunch Brewing?

While Wall Street dances in an “everything rally” with stocks breaking record highs daily, gold glittering near $4,000 an ounce and Bitcoin (CRYPTO: BTC) soaring past $125,000, private equity stocks are the only ones not invited to the party, stumbling instead of soaring.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

OpenAI’s rumored ‘always on’ AI device sounds terrifying – but Sora 2 shows it doesn’t care about boundaries

OpenAI is struggling to find the right mix of power and relatability for its secret AI device, and we pretty much know they won't get it right at first.

TechRadar

Nearly two thirds of Tory members want pact with Reform, poll suggests, with close to half supporting full merger – as it happened

Half of Tory members also want Kemi Badenoch to be replaced as Conservative leader

The Guardian - UK

"Gravely disappointed" – UK hit Apple with encryption backdoor order, again

After announcing a U-turn on the previous encryption backdoor order, the UK hit Apple again with a similar demand. This time, British users' data are the sole target.

TechRadar

Is Your New iPhone Made With Mistreated Workers?

Apple Inc. (NASDAQ: AAPL) is investigating labor conditions at Foxconn’s Zhengzhou facility following new allegations by China Labor Watch (CLW) of persistent worker mistreatment.

Benzinga

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Political unease sparks increase in UK bond yields as FTSE 100 dips

The possibility of a political challenge to Sir Keir Starmer could put the pound under pressure, analysts warned.

Evening Standard

Trump's UN Roast: How Global Media Outside America Are Reading the Attack

Donald Trump's fiery UN speech sparked global backlash, with Europe warning of strained alliances, Asia raising security fears, and Australia pushing back on climate.

International Business Times UK

EU plans to block Apple, Google, Meta and other US companies from its shared financial data system

European Union closes in on FiDA deal which could block Apple, Google, Meta and Amazon from accessing financial data across the single market.

TechRadar

Nvidia Commits $500 Million To UK Autonomous Driving Startup Wayve

Nvidia (NASDAQ:NVDA) is in advanced talks to make a $500 million investment in the U.K. autonomous driving startup Wayve, signaling a strategic expansion of its influence in the thriving artificial intelligence sector.

Benzinga

Stocks Rally Before the Open After Fed Rate Cut With More Easing Ahead

September S&P 500 E-Mini futures (ESU25) are up +0.84%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.10% this morning, pointing to a sharply higher open on Wall Street after the Federal Reserve cut interest rates for the first time since December and signaled more reductions could follow soon.

Barchart

Stocks Settle Mixed on Hawkish Fed Chair Powell Comments

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. September E-mini S&P futures (ESU25 ) fell -0.09%, and September E-mini Nasdaq futures...

Barchart

Nvidia shares drop, China tech surges as Beijing tries to push homegrown AI chips

China's top internet regulator has reportedly asked tech firms to stop using Nvidia's chips, deeming that local alternatives are good enough to compete.

Fortune

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Barchart

The Federal Reserve Cuts Interest Rate by a Quarter-Percentage-Point, Signals 2 More Before the End of the Year

The S&P 500 Index ($SPX ) (SPY ) today is up -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. In a move that was largely anticipated by Wall Street, the Federal Reserve approved...

Barchart

Stocks Narrowly Mixed Ahead of FOMC Decision

The S&P 500 Index ($SPX ) (SPY ) today is up +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.12%. September E-mini S&P futures (ESU25 ) are up +0.03%, and September E-mini Nasdaq futures...

Tom’s Hardware

China bans its biggest tech companies from acquiring Nvidia chips, says report — Beijing claims its homegrown AI processors now match H20 and RTX Pro 6000D

Beijing is reportedly telling its biggest tech companies to buy local instead of purchasing Nvidia's latest China-specific AI chips.

International Business Times

US And UK Move Toward Joint Crypto Regulatory Framework

US officials see the effort as a way to keep dollar-denominated stablecoins competitive globally, while UK regulators want to make London a hub for digital asset finance post-Brexit.

Get all your
news in one place.

100's of premium titles.
One news app.

Tom’s Hardware

Japan to subsidize undersea cable vessels over 'very serious' national security concerns — will front up to half the cost for $300 million vessels bought by NEC

Japan wants NEC to buy its own undersea cable-laying ships and is considering covering nearly half the purchase cost of these vessels.

Fortune

Top analyst who once feared 'the end of capitalism' rips French and British boomers for sabotaging Gen Z futures

"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing," Albert Edwards wrote on LinkedIn.

International Business Times UK

Who Wins If Nvidia Is Sidelined in China? The Hidden Suppliers That Could Rise

China's probe into Nvidia and US export bans could reshape the AI chip market, opening doors for domestic players like Cambricon, Biren, and Moore Threads, though big hurdles remain.

Evening Standard

Barclays chief urges Government to limit wage rises and avoid hiking bank taxes

CS Venkatakrishnan, chief executive of the banking group, told the Financial Times that wage inflation was a problem across the UK economy.

The Guardian - US

Disgruntled NYT journalist to ‘anti-woke’ power grab: how far can Bari Weiss go?

After leaving the New York Times, she turned her Substack into an unshakable pro-Israel voice. Now as Paramount eyes acquisition of her company, Weiss is poised to become Trump’s ally among media elites

International Business Times

SEC Launches Crackdown On 'Bilge Bracket' Firms Over Cross-Border Fraud

The SEC is sharpening enforcement against auditors, underwriters and advisers accused of enabling speculative micro-cap listings, warning that geographic distance will not shield bad actors from U.S. oversight.

InsideEVs

This One Number Shows What's Going Wrong At Tesla

Today on Critical Materials: Tesla's market share drops to lowest point since 2017, VW considers tariff deal, and Hyundai's via problem were an

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People

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