Unlock Editor’s Digest for free FT editor Roula Halaf picks her favorite stories in this weekly newsletter. The U.S. economy blew past expectations to add 256,000 jobs in December, sending U.S. Treasury yields higher as traders and banks scaled back their expectations for interest rate cuts by the Federal Reserve. The number from the Bureau … Read more
It’s been a busy week for Wise Music Group. On Thursday (January 9), we reported that the company had sold its Digital Education division to a New York-based private equity firm named Partner Achievement. According to yesterday’s announcement, the move marked a “pivotal moment” for Wise Music Group “as it completes its transition to a … Read more
By Hyunjoo Jin and Jack Kim SEOUL (Reuters) – The flight data and voice recorders in the cockpit of the Jeju Air plane that crashed on Dec 29 stopped recording about four minutes before the plane hit a concrete structure at South Korea’s Muan airport, the transport ministry said on Saturday. Authorities investigating the disaster … Read more
Stay updated with free updates Just sign up at ESG investing myFT Digest — delivered straight to your inbox. A US federal court has ruled that American Airlines failed workers by choosing BlackRock to manage part of its pension scheme, with a judge claiming the world’s largest asset manager was tainted by “ESG activism”. The … Read more
Welcome to Music Business Worldwide’s weekly update – where we make sure you catch the five biggest stories that hit the headlines over the past seven days. MBW’s gathering is supported by Centripwhich helps more than 500 of the world’s best-selling artists maximize their income and reduce their touring costs. The devastating wildfires still raging … Read more
¢ The impact is felt at of Kia America Headquarters in Southern California and throughout the region ¢ All donations to American Red Cross will help people affected by the fires Los Angeles IRVINE, CA., January 11, 2025 /PRNewswire/ — Kia America announced his donation $250,000 will be done to American Red Cross to support … Read more
Unlock Editor’s Digest for free FT editor Roula Halaf picks her favorite stories in this weekly newsletter. Rachel Reeves wants to breathe new life into a plan to link the London and Shanghai stock markets as she touts financial services as the “highlight” of Britain’s economic relationship with China during a visit starting on Saturday. … Read more
Universal Music Group and other music publishers have secured a major development in their copyright battle with artificial intelligence company Anthropic, as a court approves safeguards or “guardrails” for AI-generated song lyrics. UMG, along with other publishers including Concord Music Group and ABKCO, sued Humane in 2023, claiming copyright infringement. The team claimed that Anthropic … Read more
LAS VEGAS – Oshkosh Corporation (NYSE: NYSE: ), a $6 billion market capitalization vehicle manufacturer with annual revenue of more than $10.6 billion, announced a number of new technologies at CES this week. According to InvestingPro’s analysis, the company maintains strong financial health with a gross margin of 18.65%. The innovations, which focus on electrification, … Read more
The author is co-founder and co-chairman of Oaktree Capital Management and author of “Mastering the Market Cycle: Getting the Odds on Your Side” Many investors these days are on heightened alert for asset price bubbles, worried about a repeat of past booms and busts. So I’m often asked if there’s a bubble around the few … Read more