每日晨读金融时报|英语口语听力|原文及实用单词短语

▸ Wall Street climbs as US infla­tion comes in below ana­lyst expect­a­tions ▸ Dol­lar slips amid increas­ing bets on declin­ing interest rates ▸ Stocks in Asia rally after Trump extends trade war truce with China Wall Street rose and the dol­lar fell yes­ter­day after head­line infla­tion in the world's biggest eco­nomy came in below ana­lysts' expect­a­tions in July, des­pite Pres­id­ent Don­ald...

US dol­lar rises in expect­a­tion of rel­at­ively benign infla­tion data ▸ S&P 500 flat and Nasaq slightly higher as investors await signs of tar­iff effects ▸ European stocks slip ahead of Trump and Putin’s meet­ing to dis­cuss Ukraine The US dol­lar climbed yes­ter­day as investors waited for infla­tion and other data this week that could offer cru­cial clues about the Fed­eral Reserve's pla...

Don­ald Trump has said he would con­sider let­ting Nvidia sell a more advanced AI chip to China, after he “nego­ti­ated a little deal” to give Wash­ing­ton a share of the chip­maker’s Chinese rev­en­ues. The unpre­ced­en­ted agree­ment that Trump struck with Nvidia’s chief exec­ut­ive Jensen Huang, first revealed by the Fin­an­cial Times, involved the US tak­ing 15 per cent of Chinese sales of its...

White­hall rules demand­ing ‘sup­plier neut­ral’ brand­ing from bod­ies that win gov­ern­ment con­tracts are present­ing a threat to cer­tain gradu­ate recruit­ment schemes. Teach First, Front­line and Unlocked Gradu­ates were designed to bring people who might not have con­sidered pub­lic ser­vice roles into teach­ing, pris­ons and social care. But there are fears the new regime favours big profi...

▸ Wall Street stocks buoyed by Trump nom­in­a­tion to vacancy at Fed ▸ European defence stocks sell off amid hopes of Ukraine peace agree­ment ▸ US gov­ern­ment debt dumped by investors after weak Treas­ury auc­tions Wall Street stocks rose yes­ter­day as investors bet that Pres­id­ent Don­ald Trump's nom­in­a­tion of Stephen Miran to a vacancy at the cent­ral bank would boost the case for interes...

The Trump admin­is­tra­tion yes­ter­day moved to quell tur­moil in the US gold mar­ket after the sur­prise impos­i­tion of tar­iffs on imports of 1kg and 100-ounce bars sent gold futures to a record high. In a move that ana­lysts and investors warned could redraw global trade in gold if it were not reversed, the US Cus­toms and Bor­der Pro­tec­tion agency had earlier ruled that the bars should be...

The Trump admin­is­tra­tion yes­ter­day moved to quell tur­moil in the US gold mar­ket after the sur­prise impos­i­tion of tar­iffs on imports of 1kg and 100-ounce bars sent gold futures to a record high. In a move that ana­lysts and investors warned could redraw global trade in gold if it were not reversed, the US Cus­toms and Bor­der Pro­tec­tion agency had earlier ruled that the bars...

Don­ald Trump launched a new era of trade rivalry yes­ter­day, with a wave of tar­iffs tak­ing effect at one minute past mid­night in Wash­ing­ton that pushed US import duties to their highest levels in a cen­tury. The tar­iff increases were imple­men­ted des­pite frantic lob­by­ing by for­eign cap­it­als to escape the levies. Swiss Pres­id­ent Karin Keller-Sut­ter flew home from Wash­ing­ton empt...

▸ Wall Street boos­ted by strong earn­ings and Apple invest­ment announce­ment ▸ Dol­lar slides as traders increase bets on Fed interest rate cuts ▸ Treas­ury and UK gilt yields rise as investors off­load the debt Wall Street stocks were boos­ted yes­ter­day by strong cor­por­ate earn­ings and an invest­ment announce­ment from Apple as investors shrugged off renewed US tar­iff announce­ments from...

Bur­ied in Don­ald Trump’s “big, beau­ti­ful bill” was a pro­vi­sion that will give tech­no­logy group Anduril an almost-guar­an­teed slice of the roughly $300bn ear­marked to mod­ern­ise the US’s mil­it­ary, defence infra­struc­ture and home­land secur­ity. The legis­la­tion provides for a $6bn expan­sion of bor­der secur­ity tech­no­logy, a chunk of which will be spent on autonom­ous sur­veil­la...

Tesla’s board has approved the award of 96mn shares worth about $30bn to Elon Musk as part of a new pay deal after the bil­lion­aire chief exec­ut­ive threatened to leave the elec­tric-vehicle maker if he was not given more con­trol. In a fil­ing yes­ter­day, Tesla said the decision was recom­men­ded by a spe­cial com­mit­tee com­pris­ing just Robyn Den­holm, the chair, and fel­low dir­ector Kath­...

Amer­ica’s low­est-paid work­ers are suf­fer­ing a sharper slow­down in wage growth than their richer peers , adding to the pres­sure on Don­ald Trump over inequal­ity as he threatens to under­mine the reli­ab­il­ity of US eco­nomic data. Fig­ures from the Fed­eral Reserve Bank of Atlanta show wage growth for the low­est-paid quart­ile of work­ers — people earn­ing less than $806 a week — slowed t...

▸  Trump’s tar­iffs push global stocks lower as investors weigh impact ▸ Dis­ap­point­ing out­look from Amazon also drags Wall Street lower ▸ Core gov­ern­ment bonds rally sharply after weaker than expec­ted US jobs data Global stock mar­kets fell yes­ter­day as a new series of US trade tar­iffs promp­ted investors to take profits after a dra­matic recov­ery from trade war lows while jobs dat...

Microsoft hit $4tn in mar­ket cap­it­al­isa­tion yes­ter­day in a US tech share surge that also pushed Meta’s stock up 12 per cent, on the back of block­buster earn­ings from both groups the day before. The Nas­daq Com­pos­ite rose as much as 1.6 per cent to a record high after the open­ing bell, before par­ing its gains to about 1 per cent by early after­noon. The blue-chip S&P 500 index was...

The Fed­eral Reserve held rates steady yes­ter­day des­pite pres­sure from Don­ald Trump and signs of a cool­ing eco­nomy. Two Fed gov­ernors voted against the US cent­ral bank’s rate-set­ting decision for the first time since 1993, as it held bor­row­ing costs at 4.25 to 4.5 per cent. The Fed decision came hours after second-quarter GDP data poin­ted to a slow­down, even as it beat eco­nom­ists’...

Bank of Eng­land gov­ernor Andrew Bailey inter ­vened to stop a meet­ing that chan­cel­lor Rachel Reeves tried to secure between fin­an­cial watch­dogs and Revolut, accord­ing to people famil­iar with the mat­ter, in a new sign of fric­tion over the way the City is reg­u­lated. Reeves, who wants Revolut to be fully author­ised as a bank as quickly as pos­sible, tried to set up a three-way meet­ing...

Ger­many and France yes­ter­day hit out at the EU’s long-awaited trade deal with the US, warn­ing that it would wound the European eco­nomy as the euro slid against the dol­lar. Ger­man Chan­cel­lor Friedrich Merz said the agree­ment con­cluded with US Pres­id­ent Don­ald Trump the day before would cause “con­sid­er­able dam­age” to his coun­try, Europe and the US itself. “Not only will there be a...

The US and EU have struck a trade deal that would impose Amer­ican tar­iffs of 15 per cent on most imports from the bloc, Don­ald Trump said yes­ter­day. The EU has agreed to spend hun­dreds of bil­lions of dol­lars on addi­tional Amer­ican energy products and weapons as part of the deal, the US pres­id­ent said. The agree­ment, which is set to avoid a transat­lantic trade war, was struck dur­ing...

Cap­ital gains tax changes  back­fire Efforts to increase rev­en­ues from cap­ital gains tax have back­fired, with receipts plum­met­ing  in the wake of  big cuts in allow­ances. The gov­ern­ment’s CGT take fell 18 per cent to £12.1bn in 2023-24, even as the annual tax-free allow­ance was halved from £12,300 to £6,000, accord­ing to data from HM Rev­enue & Cus­toms. Sep­ar­ate p...

Black­stone lauds restored ‘con­fid­ence’ Black­stone pres­id­ent Jonathan Gray said Don­ald Trump’s recent trade deals and sweep­ing tax cuts have fuelled a “res­tor­a­tion of con­fid­ence” in US fin­an­cial assets, just months after the pres­id­ent’s trade wars threatened to tip the world’s largest eco­nomy in to reces­sion. Deals with Bri­tain, Japan and Indone­sia, as well as tax changes favou...

India trade deal to deliver exports lift Prime Min­is­ter Sir Keir Starmer and India’s Prime Min­is­ter Nar­en­dra Modi will today sign a trade deal between the two coun­tries which Lon­don believes will boost Brit­ish exports to India by 60 per cent by 2040. The agree­ment, announced in May, means that tar­iffs on more than 90 per cent of UK exports to India will be cut, with the largest reduc­ti...

Recess averts Epstein vote House Speaker Mike John­son, centre, announces that the US House of Rep­res­ent­at­ives will go into recess a day earlier than sched­uled to avoid a vote on releas­ing files relat­ing to Jef­frey Epstein. As Don­ald Trump’s allies seek to con­tain a spiralling crisis over the dis­graced fin­an­cier’s ties to the US pres­id­ent, John­son yes­ter­day said that mem­bers of...

Bes­sent calls for probe into ‘entire’ Fed US Treas­ury sec­ret­ary Scott Bes­sent has called for an inquiry into the “entire Fed­eral Reserve insti­tu­tion”, in the latest sign of how Don­ald Trump’s admin­is­tra­tion is crank­ing up pres­sure on the cent­ral bank. Bes­sent’s com­ments come after the US pres­id­ent and his lieu­ten­ants have sharply cri­ti­cised the Fed and its chair Jay Pow­ell...

LSEG weighs 24-hour trad­ing in pur­suit of smart­phone gen­er­a­tion of investors Lon­don Stock Exchange Group is con­sid­er­ing whether to launch 24-hour trad­ing as bourses race to extend access to stocks amid grow­ing demand from small investors who are act­ive out­side nor­mal busi­ness hours. The group is look­ing into the prac­tic­al­it­ies of increas­ing its trad­ing hours, from the tech­n...

Down­ing Street faces forced retreat in Apple encryp­tion battle with US The UK is seek­ing a way out of a clash with the Trump admin­is­tra­tion over its demand that Apple provide it with access to secure cus­tomer data, two senior Brit­ish offi­cials have told the Fin­an­cial Times. The Home Office ordered the tech giant in Janu­ary to grant access to its most secure cloud stor­age sys­tem. The...