Oil price trades lower despite Israeli strikes on Iran

Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices fell on Friday after Israel’s retaliatory strikes against Iran provoked a shortlived spike, in a sign of investors’ confidence that the action will not escalate into a broader conflict …

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Snap-On shares target cut amid Tools Group concerns

On Friday, Baird adjusted its outlook on Snap-On Incorporated (NYSE:), a global provider of professional tools and equipment. The firm’s analyst revised the price target downward to $282 from $295, while the stock’s rating remains at Neutral. The revision follows Snap-On’s first-quarter performance, which reflected a 7% decline in organic …

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AI Tool Predicts When Recruits Will Quit Jobs

The tool also analyses data on employees who left the company (Representational) Bosses worried about turnover or wondering how long a new hire will stick around can now turn to AI for a heads-up on who might be next out the door. The artificial intelligence tool was developed by Japanese …

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Biden hails the U.S. as the ‘strongest economy in the world’ but its hot inflation is angering allies as their currencies flop

As Joe Biden this week hailed America’s booming economy as the strongest in the world during a reelection campaign tour of battleground-state Pennsylvania, global finance chiefs convening in Washington had a different message: cool it. The push-back from central bank governors and finance ministers gathering for the International Monetary Fund-World …

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Israel and Iran pull back from the brink

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Almost immediately after blasts erupted over an air base near Isfahan in the early hours of Friday, Iran did its utmost to play down Israel’s retaliatory attack against the Islamic …

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