Financial Times

Public Key

npub1ey55s7y4px7nuw9qq987mhc2lm8qp30xvyrkgqk9p626n78zfcxqw0tq7p

NIP-57 Address

Profile Code

nprofile1qqsvj22g0z2sn0f78zsqznldmu90ansqchnxzpmyqtzsa9dflr3yurqprpmhxue69uhhyetvv9ujumt0d4hhxarj9ecxjmntqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsvxydu8

Publishing to

relay.momostr.pink

relay.damus.io

Author Public Key

npub1ey55s7y4px7nuw9qq987mhc2lm8qp30xvyrkgqk9p626n78zfcxqw0tq7p

Show more details

Last Notes

2024-09-19 20:55:12

- reply

#note1mpk…fs5c

2024-09-19 20:55:01

John Paulson brushes aside Wall Street worries about Donald Trump’s tariff plan
==========
John Paulson, hedge fund manager and Republican megadonor, expresses support for Donald Trump's tariff plan, stating a need to decouple from China; Paulson respects Trump's stance on trade, contrasting with his previous view in April where he called tariffs a 'blunt tool'; Trump proposed a 60% tariff on Chinese goods and 10-20% on other imports, which the Tax Foundation warns could harm the US economy; Paulson has been mentioned as a potential Treasury secretary if Republicans win in November 2024.
#JohnPaulson #DonaldTrump #Tariffs #China #Economy #Republican #2024Election #Trade #FinancialNews #UsPolitics
https://www.ft.com/content/0f42ddd8-eb51-4463-ad17-7d70b44f6beb

2024-09-19 00:52:57

- reply

#note13ak…eucv

2024-09-19 00:52:46

US House votes down government funding package as shutdown looms
==========
The US House of Representatives rejected a government funding package on September 27, 2023, with a vote of 220-202, raising the risk of a federal government shutdown by September 30. The package was backed by House Speaker Mike Johnson but opposed by 14 Republicans and nearly all House Democrats. A shutdown could furlough millions of public workers, including military personnel, just one month before the presidential election.
#UsHouse #GovernmentFunding #Shutdown #MikeJohnson #Republicans #Democrats #PublicWorkers #PresidentialElection
https://www.ft.com/content/dfcfd8ac-fdd4-4b16-95c2-688a7a816a69

2024-09-18 06:52:28

- reply

#note1kn0…lnz7

2024-09-18 06:52:17

L&G to sell Cala Homes to buyout firms for £1.35bn
==========
Legal & General (L&G) has agreed to sell Cala Homes to private equity firms Sixth Street Partners and Patron Capital for an enterprise value of £1.35bn; L&G will receive £1.16bn in cash; Cala Homes sold approximately 3,000 homes last year; Patron previously owned Cala alongside L&G, selling it in 2018 for £605mn.
#Legal&General #CalaHomes #Buyout #PrivateEquity #SixthStreetPartners #PatronCapital #UkHousingMarket #RealEstate #FinancialNews #Business
https://www.ft.com/content/4a24a1d2-f756-4776-9c08-3a671e063e6a

2024-09-18 04:50:11

- reply

#note16kx…z3k8

2024-09-18 04:50:00

The FTC’s fight to stop an $8.5bn American fashion takeover
==========
The FTC is attempting to block Tapestry's $8.5bn acquisition of Capri, which owns Michael Kors, Versace, and Jimmy Choo; the trial is taking place in Manhattan; Michael Kors testified about brand evolution and 'brand fatigue'; the merger is seen as a significant antitrust case in the fashion industry; the deal has been stalled for five months since the FTC's lawsuit; implications could affect global fashion houses and serial acquisitions similar to LVMH and Kering.
#Ftc #Tapestry #MichaelKors #Capri #Merger #Antitrust #Fashion #Trial #Acquisition #Brands
https://www.ft.com/content/890a6c9c-1b09-4554-ade5-653037f3558d

2024-09-18 04:49:38

- reply

#note1pxc…44gq

2024-09-18 04:49:27

South Korea emerges as a top US investor as China tensions escalate
==========
South Korea's project commitments in the US reached $21.5bn in 2023, marking the first time in a decade it became the top investor; China's investments fell by a third, dropping from first in 2014 to eighth; Chihwan Kim, CEO of Samkee, noted that US companies are seeking alternatives to China, providing opportunities for Korean firms; Samkee invested $128mn in 2023 to open a factory in Tuskegee, Alabama.
#SouthKorea #UsInvestment #China #Economy #Hyundai #Samkee #ElectricVehicles #Manufacturing #GlobalEconomy #ForeignInvestment
https://www.ft.com/content/dbc8208c-7fe2-41bf-a50d-f66abc65fde6

2024-09-18 04:49:05

- reply

#note1a6h…an6s

2024-09-18 04:48:53

Why Europe will not catch up with the US
==========
Former Italian prime minister Mario Draghi released a report on EU competitiveness; comparisons with the US overlook Europe's lack of nation-state unity; the US did not plan to outgrow Europe, lacking a competitiveness report; Europe started poorer and has higher welfare state expectations; cultural differences hinder government reforms; the US median age has become lower than Europe's since the 1990s; the US is now the largest producer of oil and natural gas, unlike Europe; Brexit is impacting trade negatively.
#Eu #Us #Competitiveness #Economy #Brexit #MarioDraghi #WelfareState #OilProduction #CulturalDifferences #Trade
https://www.ft.com/content/298008a0-b75d-4062-9cb1-86b12ac30fbd

2024-09-17 11:34:56

- reply

#note1p23…fkqd

2024-09-17 11:34:45

A crisis of confidence at the Fed
==========
The Federal Reserve, chaired by Jay Powell, is set to cut interest rates on Wednesday, with discussions around a quarter- or half-point cut. Until last Thursday, Fed officials indicated no dramatic changes were necessary, but recent reports suggest a potential shift towards a 0.5 percentage point cut. Financial markets reacted to these reports as a signal of internal Fed discussions. The timing is sensitive due to the upcoming presidential election in September 2024, with Donald Trump criticizing potential rate cuts. Comparisons are drawn to 2014, with rising US oil production and falling Brent crude prices. Tiff Macklem, governor of the Bank of Canada, hinted at accelerating rate cuts due to a weaker Canadian economy. Surveys indicate a consensus among US academics against weakening Fed independence and price controls, while Italy faces rising coffee prices. Powell's statement about being 'data dependent but not data point dependent' raises concerns about market perceptions.
#FederalReserve #InterestRates #JayPowell #DonaldTrump #OilPrices #BankOfCanada #EconomicPolicy #Inflation #FinancialMarkets #2024Election
https://www.ft.com/content/f377b900-a459-4784-ba9a-0d4b1fb5dfab

2024-09-17 04:43:31

- reply

#note15ah…0yq9

2024-09-17 04:43:20

Kamala Harris’s Nevada problem: ‘Everything is more expensive’
==========
In 2023, Clark County reported record-breaking revenue of $13.5bn from casinos; Nevada service workers show increasing support for Donald Trump, posing a challenge for Kamala Harris in the upcoming election; Harris leads by just half a percentage point in polls, with Biden winning by less than three points in 2020; Voter dissatisfaction with the cost of living persists despite easing inflation; FT-Michigan Ross poll indicates voters trust Harris on the economy but believe they would fare better financially under Trump; Some former Biden voters are now motivated to support Trump.
#KamalaHarris #DonaldTrump #Nevada #2024Election #CostOfLiving #Polls #VoterSentiment #ClarkCounty #ServiceWorkers #Democrats
https://www.ft.com/content/53e9905b-466a-4cfb-9fda-fac82639436d

2024-09-17 01:56:17

- reply

#note1pgj…y7c9

2024-09-17 01:56:06

From steel to kimchi, South Korean exporters face flood of Chinese rivals
==========
South Korean exporters, including kimchi producers, are facing increased competition from low-cost Chinese goods; South Korea imported more kimchi in H1 2024 than it exported, primarily from China, with prices of Chinese kimchi being six times lower than Korean; despite predictions of benefiting from US and EU tariffs on China, South Korea's export value has risen monthly since October 2023.
#SouthKorea #China #Exports #Kimchi #Competition #Economy #Trade #Tariffs #Manufacturing #Market
https://www.ft.com/content/52c558d6-37cf-4bd6-a087-d0f526bc1180

2024-09-16 21:49:07

- reply

#note1cxt…nexw

2024-09-16 21:48:56

Wall Street predictions grow for aggressive half-point Fed rate cut
==========
Futures traders have increased expectations for a 0.5 percentage point rate cut by the Federal Reserve; this follows recent US economic data indicating a slowdown in the labor market and cooling inflation; Fed chair Jay Powell faces a decision this week, marking the first rate cut since 2020; JPMorgan economists also predict a 0.5 percentage point cut; reports from the Financial Times and The Wall Street Journal highlight the Fed's dilemma between a quarter point or half point cut.
#FederalReserve #InterestRates #Jpmorgan #Inflation #LaborMarket #WallStreet #EconomicData #RateCut #JayPowell #FinancialNews
https://www.ft.com/content/cd1f1392-db86-4d87-88db-2e28c39d62fd