US stocks and Treasury bond yields dipped on Thursday as investors juggled weak earnings reports with data that showed the US economy expanded in the third quarter. The S&P 500 fell 0.6 per cent, erasing earlier gains, while the technology-heavy Nasdaq Composite fell 1.6 per cent. Those moves came after data showed the world’s largest
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Pity the male model. As laid bare in Triangle of Sadness, the erratic new comedy from Ruben Östlund, even success is a gunge tank of indignity. Bookers whisper about your need for Botox; you get paid a fraction of your female peers. Such is the lot of catwalker Carl (Harris Dickinson). In 147 minutes of
Elon Musk visited Twitter’s San Francisco headquarters on Wednesday and plans to address staffers on Friday as his $44bn deal to buy the social media platform looks set to inch over the finish line by the end of the week. The world’s richest man posted a short video of himself on Twitter walking into the
Democratic hopes of retaining control of the US Senate were dealt a blow on Tuesday after John Fetterman, the party’s nominee in Pennsylvania who suffered a stroke earlier this year, struggled to speak clearly during a prime time debate and at times appeared to find it difficult to respond to questions. The Pennsylvania race, where
NanoWired is a start-up by any measure. Spun off from Technical University of Darmstadt in 2017, the German company has a mere 22 employees and just a handful of customers. But chief executive Olav Birlem believes his technology can revolutionise chip production, and has set his sights on selling to the behemoth of the industry,
A hand where almost the entire field were in the wrong contract provided an opportunity for one declarer to shine. BiddingDealer: SouthE/W Game North East South West — — 1D NB 1S 2H Dbl NB 3D NB 3NT Most good players would respond 1S on North’s hand but, here, it led to trouble. South’s double
Victorian industrialists in Britain often focused their charity on the towns and cities where they made their money. The Cadburys in Birmingham, the Lever brothers on the Wirral, and mill owners in Manchester and Leeds all built strong philanthropic ties with their local communities. And, today, a group of entrepreneurs from the gritty Midlands city
You could credit Rishi Sunak with playing the long game — were it not that his last attempt to become UK premier only ended seven weeks ago. This time, Tory MPs have propelled him to power over the heads of party members who last time disapproved of his elite credentials. These include a £630mn stake
Phoebe White, Jay Barry and the rates strategy team at JPMorgan published an interesting note over the weekend looking at the US defined-benefit pension landscape and its use of liability-driven investing. The tl;dr is that despite some similarities (like in the Netherlands), US pension plans are less exposed to the kind of margin call doom
Good morning and welcome to Europe Express. The dust has only just settled after the leaders’ agreement on bringing energy prices down, but myriad questions remain. One of the most important is the shape of the proposed emergency price cap — and whether it will take another emergency EU summit to get it through. We’ll
“Polio is spreading in Rockland county. Our new generation is in danger,” warns a poster pasted to the wall of a supermarket in Pearl River, a commuter town on the fringes of suburban New York. It records the re-emergence of the disease as a public health threat, four decades after US authorities had eliminated its
Joe Biden’s top economic adviser said the US economy had the “strength and resilience” to shield it from a recession, brushing off growing concerns that steep interest rate increases designed to fight inflation will quash the expansion. Brian Deese, the director of the White House’s National Economic Council, spoke to the Financial Times as economists
British retailers and hospitality groups are warning of staffing shortages in the run-up to Christmas as they seek tens of thousands of temporary workers in preparation for the “golden quarter”. Companies across retail, hospitality and manufacturing have warned they may struggle to meet demand even as the government considers relaxing immigration rules to allow more
Auctions, as any collector will tell you, can be addictive. I am neither a collector nor an antiques expert, but I love the hunt, the adrenaline rush of a bidding war and the satisfaction of a flat decorated with (to my eye) interesting things. I even relish those pieces I paid far too much for,
The race to succeed Liz Truss as UK prime minister is already under way, with four senior Conservatives considering bids to become the party’s fifth leader in six years. Three candidates who ran in the last contest may stand again. Former chancellor Rishi Sunak is the bookmakers’ favourite and has by far the most organised
The writer is chief operating officer of Netflix Old arguments die hard. A decade ago, policymakers on both sides of the Atlantic were consumed by a debate about who should foot the bill for the infrastructure that powers the internet. On one side, telecoms companies argued that content providers were “freeriding” on their infrastructure and
You report that Binance, the world’s largest cryptocurrency exchange, has recently confirmed that it was the victim of a cross-chain bridge hack (Report, October 8). The attackers initially made off with $570mn worth of BNB tokens. However, Binance and its validators took containment actions to limit the actual damage to closer to $100mn. Blockchain bridges,
Between the plaintively rootsy serenades of her 2012 debut, Half Way Home, and the assured reflections of her sixth and latest album, Big Time (released this summer), Angel Olsen has worked through all the feelings. The US singer-songwriter’s latest material expounds on love and grief, including the loss of both her parents; the elation of
One in 10 UK voters hold a favourable opinion of Liz Truss after about six weeks as prime minister, becoming the most unpopular leader “by some distance” tracked by YouGov. The survey, which questioned 1,724 British adults on October 14-16, showed that the figure had fallen from 15 per cent a week ago. In a
Set in a suburban mansion, new true-crime thriller series The Watcher seems like a desirable offering from the outside. With compelling true events and a talented ensemble, it’s built on solid ground. But a more thorough survey of Netflix’s latest listing reveals a flimsy structure and a chintzy, inconsistent design. The swiftness with which our
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