每日晨读金融时报|英语口语听力|原文及实用单词短语

UK com­pan­ies attrac­ted a surge of interest from for­eign buy­ers eager to cap­it­al­ise on cheap valu­ations this year, driv­ing Brit­ish deal­mak­ing to a post­pan­demic high. Over­seas bid­ders agreed $142bn in takeovers of Brit­ish com­pan­ies, accord­ing to data from the Lon­don Stock Exchange Group — a 74 per cent uptick from 2024. The sharp rise out­paced a 20 per cent increase in over­al...

▸ Wall Street’s Nas­daq extends bounce­back as tech jit­ters recede ▸ Japan­ese bond yields climb to their highest level since 1999 ▸ Global crude oil, gold and bit­coin prices all advance Wall Street stocks rose yes­ter­day as mar­kets exten­ded a rebound from recent tech jit­ters. The Nas­daq Com­pos­ite index was up 1 per cent by early after­noon in New York while the blue-chip S&P 500 inde...

OpenAI has hired former chan­cel­lor George Osborne to lead the start-up’s work build­ing “demo­cratic” arti­fi­cial intel­li­gence for the world. The archi­tect of the former Con­ser­vat­ive gov­ern­ment’s aus­ter­ity pro­gramme is set to play a lead­ing role within the high-spend­ing com­pany as the head of OpenAI for Coun­tries, an over­seas expan­sion of the $500bn Star­gate ini­ti­at­ive to b...

▸ Wall Street retreats as eco­nomic data sug­gests a weak­en­ing labour mar­ket ▸ Big Tech stocks steady after heavy losses in recent ses­sions ▸ US gov­ern­ment bond prices rise but dol­lar slides against major cur­ren­cies US stocks slipped yes­ter­day after eco­nomic data sug­ges­ted a weak­en­ing labour mar­ket in the world’s largest eco­nomy. The blue-chip S&P 500 index was down 0.5 per c...

Fed­eral Reserve gov­ernor Stephen Miran has said that “phantom infla­tion” is dis­tort­ing the US cent­ral bank’s decision-mak­ing and caus­ing it to keep interest rates too high. Miran, a staunch ally of Pres­id­ent Don­ald Trump and vocal pro­ponent of lower rates, said yes­ter­day that poli­cy­makers should dis­reg­ard near-term “noise” and set bor­row­ing costs for the long term. “We must be...

▸ Wall Street’s AI stocks retreat as investor jit­ters reignite over valu­ations ▸ Euro notches fourth suc­cess­ive day of gains to hit highest level since Octo­ber ▸ Oil prices ease as Zelenskyy says he will give up Nato mem­ber­ship demand Stocks linked to arti­fi­cial intel­li­gence mostly fell yes­ter­day, con­tinu­ing last week’s sell-off as investor jit­ters reignited around AI share valu­at...

Net­flix has agreed an $83bn takeover of Warner Bros Dis­cov­ery, hand­ing it con­trol of one of Hol­ly­wood’s most cel­eb­rated stu­dios and cre­at­ing a global enter­tain­ment power­house. The deal will trans­form the stream­ing giant into the dom­in­ant player in Hol­ly­wood, cap­ping its relent­lessly dis­rupt­ive rise since it was foun­ded as a DVD rental com­pany almost three dec­ades ago. T...

▸ US stocks near record highs after infla­tion data lifts hopes of Fed rate cut ▸ Green­back up slightly against bas­ket of other major cur­ren­cies. ▸ European equit­ies mixed, with French index dip­ping as Ger­many’s climbs US stocks edged up yes­ter­day, near­ing record highs after infla­tion data that investors judged will keep the Fed­eral Reserve on track to cut interest rates next week. The...

Bond investors have warned the US Treas­ury about Kevin Has­sett’s poten­tial appoint­ment as Fed­eral Reserve chair, amid fears that he would cut interest rates aggress­ively to please Don­ald Trump. The Treas­ury last month soli­cited feed­back on Has­sett and other can­did­ates from exec­ut­ives at Wall Street banks, asset man­age­ment firms and other par­ti­cipants in the debt mar­ket, accord­...

▸ Pound jumps against the dol­lar amid signs of strength in UK eco­nomy ▸ US blue-chip and tech-heavy indices inch higher in early trad­ing ▸ Brent crude climbs to $63 a bar­rel while gold remains roughly flat The pound jumped against the dol­lar yes­ter­day, put­ting it on course for its best day since May, as stronger eco­nomic activ­ity triggered an unwind­ing of neg­at­ive bets against the cur...

OpenAI’s huge early lead in the race to dom­in­ate arti­fi­cial intel­li­gence is under the greatest pres­sure since Chat­GPT’s launch, as rivals Google and Anthropic gain ground in the cut­ting-edge sec­tor. Three years on from the debut of its pop­u­lar chat­bot, the $500bn start-up is grap­pling with the real­ity of soar­ing data centre costs, the tech­nical chal­lenges of remain­ing at the fro...

▸ Global bond yields jump after BoJ gov­ernor hints at interest rate increase ▸ Tech sec­tor leads US stocks down as investors scale back expos­ure to risk ▸ Bit­coin under fur­ther pres­sure and falls 7% to be down 20% in past month Global bond mar­kets dropped yes­ter­day after the Bank of Japan sig­nalled that it could raise interest rates later this month. Japan’s two-year gov­ern­ment bond yi...

Valu­ations of US tech stocks such as Nvidia, Alpha­bet, Microsoft and Meta have become “stretched” as investors are driven by “fears of miss­ing out”, the European Cent­ral Bank said yes­ter­day. The warn­ing, in the cent­ral bank’s latest Fin­an­cial Sta­bil­ity Review, fol­lows sim­ilar cau­tions from insti­tu­tions includ­ing the IMF and the Bank of Eng­land over high valu­ations of arti­fi­ci...

▸ US eco­nomic data tops expect­a­tions and pushes global stocks higher ▸ Amer­ican tech stocks return to form, with Nvidia rebound­ing after fall ▸ UK shares close higher after Budget day as chan­cel­lor’s plans wel­comed Global stocks ral­lied yes­ter­day, fol­low­ing bet­ter than expec­ted US eco­nomic data. The tech-heavy Nas­daq Com­pos­ite index had climbed 1 per cent by early after­noon in...

A Budget tax raid on salary sac­ri­fice schemes is set to raise £3bn-£4bn, hit­ting busi­ness and encour­aging employ­ers to cut pen­sion pay­ments to staff. The move by Rachel Reeves is expec­ted to be one of the biggest meas­ures in next week’s Budget, with people briefed on the plans fore­cast­ing that it will raise more than the £2bn pre­vi­ously floated. The plan would reduce the amount of mo...

▸ US stocks rebound after tumul­tu­ous week on indic­a­tion of Fed rate cut ▸ Nas­daq climbs after swinging between gains and losses as tech shares fal­ter ▸ European bourses fall, dragged down by Stoxx tech­no­logy sub-index US stocks reboun­ded at the end of a week marked by erratic trad­ing, after a top Fed­eral Reserve offi­cial lif­ted Wall Street’s hopes for a Decem­ber rate cut. The tech-fo...

A plan backed by Don­ald Trump to restrict US states from reg­u­lat­ing AI com­pan­ies has pro­voked a back­lash from prom­in­ent Repub­lic­ans and Maga sup­port­ers, and accus­a­tions that he has caved to Big Tech donors. The US pres­id­ent on Tues­day called for “one Fed­eral Stand­ard instead of a patch­work of 50 State Reg­u­lat­ory Regimes” to sup­port the sec­tor’s growth, des­pite vehe­ment...

▸ US tech stocks exper­i­ence tur­bu­lent trad­ing amid valu­ation con­cerns ▸ Wor­ries per­sist des­pite optim­ism over Nvidia earn­ings as Vix fear gauge rises ▸ European stocks close higher, led by Ger­many’s Dax index US tech stocks dropped yes­ter­day in tur­bu­lent trad­ing as optim­ism over Nvidia’s robust earn­ings was over­shad­owed by a fresh bout of fears over lofty valu­ations for arti...

Domestic investors have fled the stock mar­ket at a record rate this year, miss­ing out on a storm­ing rally in which Lon­don has out­paced both US and European bourses. UK investors have pulled about £26bn from Lon­don-lis­ted equit­ies in 2025, accord­ing to EPFR data, the highest level on record for a cal­en­dar year as meas­ured by out­flows from funds invest­ing in the coun­try. Nev­er­the­le...

▸ US stocks edge higher in advance of high-stakes Nvidia earn­ings ▸ Delay to jobs data sup­presses momentum for Amer­ican indices ▸ European stocks close flat after shak­ing off early losses US stocks edged higher in choppy trad­ing yes­ter­day, in a ses­sion char­ac­ter­ised by anti­cip­a­tion ahead of a high-stakes Nvidia earn­ings along­side nerves about the state of the US employ­ment mar­ket...

Former prime min­is­ter Rishi Sunak has been appoin­ted as a senior adviser to both Microsoft and arti­fi­cial intel­li­gence start-up Anthropic, becom­ing the latest Brit­ish politi­cian to take a Sil­icon Val­ley role. Sunak, who will remain an MP, worked with both tech groups as prime min­is­ter, set­ting up an AI safety sum­mit in 2023. The former Con­ser­vat­ive leader yes­ter­day said he had...

▸ Wall Street weak­ens as US gov­ern­ment shut­down con­tin­ues to hang over trad­ing ▸ French assets more stable after Mac­ron prom­ises to name prime min­is­ter ▸ Gold prices sur­render some ground after this year’s dizzy­ing rally Global equit­ies edged lower yes­ter­day as the US gov­ern­ment shut­down con­tin­ued to hang over fin­an­cial mar­kets. After reach­ing record highs on Wed­nes­day,...

Global stock mar­kets are at risk of a sud­den cor­rec­tion as the arti­fi­cial intel­li­gence boom pushes valu­ations towards dot­com-bubble levels, both the IMF and Bank of Eng­land have warned. Kristalina Geor­gieva, IMF man­aging dir­ector, yes­ter­day said bullish mar­ket sen­ti­ment about “the pro­ductiv­ity­en­han­cing poten­tial of AI” could “turn abruptly”, hit­ting the world eco­nomy. Sh...

▸ Global stocks hit record highs as traders back Wall Street’s AI-driven rally ▸ US gov­ern­ment bonds and the dol­lar both attract investor demand ▸ Paris equit­ies and French debt recover some losses from earlier in the week Global stocks were trad­ing at record highs yes­ter­day, rebound­ing from a brief dip earlier in the week as investors con­tin­ued to bet on Wall Street’s AI-driven rally. U...

OpenAI has inked $1tn of agree­ments this year for com­put­ing power, rais­ing big ques­tions about how it can fund them. As it burns through cash, it has nowhere near the cap­ital required. The deals often involve cir­cu­lar fin­an­cing that binds big tech groups to its abil­ity to turn a profit. ‘Part of Sil­icon Val­ley’s “fake it until you make it” ethos is to get people to have skin in the ga...