On Tuesday, CFRA made adjustments to its outlook on Northern Trust (NASDAQ:), reducing the stock price target to $75 from the previous $86 while keeping a Sell rating on the stock. The decision came after Northern Trust reported a significant earnings shortfall in the first quarter. The company’s earnings per …
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. European stock markets suffered their worst day in nine months as a sell-off sparked by receding hopes for rapid US interest rate cuts spread around the world. Indices in Europe and …
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and …
Rishi Sunak succeeded in seeing through his flagship smoking ban policy this evening, after pledging to end the practice during last year’s Conservative Party Conference. 383 MPs backed the policy, however around 60 Tory rebels meant Mr Sunak was forced to rely on the votes of Labour and other opposition …
With the conflict between Israel and Iran escalating in the Middle East, and inflation proving more difficult to tame than expected domestically, the stock market’s meteoric rise has finally been halted—at least for now. After surging more than 27% between the end of last October and March 28, the S&P …
On a West Virginia trail in the Allegheny mountains, an elusive rodent considered to be a “sensitive species,” was spotted. Officials of Monongahela National Forest, a unit of the U.S. Department of Agriculture Forest Service, posted a video on Facebook last week showing a small creature moving around in the …
Schools were shut across the UAE and were expected to remain closed on Wednesday. Dubai: Torrential rain flooded roads, homes and malls and briefly halted operations at Dubai’s airport as storms lashed the Gulf on Tuesday, after leaving at least 18 dead in Oman. Dubai, the Middle East’s financial centre, …
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley’s chief executive Ted Pick argued dealmaking was an “existential reality” for companies that would help usher in Wall Street’s long-awaited recovery in investment banking, as first-quarter profits at …
The European Central Bank is still on track to start cutting interest rates “in reasonably short order”, its president Christine Lagarde said, providing there are no major shocks from the Middle East or other geopolitical hotspots. Lagarde on Tuesday said the ECB was “observing a disinflationary process” in line with …
Gov. Gavin Newsom’s office is staying silent on a Democrat-led bill moving through the legislature that would create a “link tax” requiring big tech companies, like Google, to pay media companies for linking to their pages. Last week, Google began removing news links to news pages while the legislation, dubbed …
The pending Tory rebellion over this evening’s smoking ban vote was handed a major boost this evening as top Cabinet Minister Kemi Badenoch pledged to oppose the Prime Minister. The vote, set to take place at 7pm, is expected to see one of the largest Tory MP rebellions of Mr …
Some people are more productive in the office; others insist they’re better off at home, and others still—the majority of workers—say some balance of the two is best. But in a new report, workforce management platform Rippling found companies that have committed to in-person work are growing faster than their …