The agency’s latest restructuring will add to the tally of at least 18,000 jobs that have been cut across the sector over the past 18 months. https://ft.trib.al/QiO2OC0
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About the Financial Times The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community. Learn more about the FT, including announcements and career opportunities, at aboutus.ft.com. Subscribe at subs.ft.com.
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Updates
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Yields on Japan’s 10-year government bonds hit 3% after US Treasury secretary Scott Bessent sent his clearest signal yet that Washington wants the Bank of Japan to raise interest rates more aggressively. https://ft.trib.al/KEG9FKt
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Lionel Messi, who led Argentina to World Cup glory in 2022 and is considered one of the greatest players of all time, has retired from international football more than two decades after his debut. https://ft.trib.al/Q3eD4mC
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Kalshi has banned George Santos for life after a US regulator accused him of manipulating a contract regarding his attendance at the annual State of the Union address. The former Congress member placed bets and made public statements to influence prices, eventually earning close to $18,000 on the wagers. https://ft.trib.al/8nyRVXA
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Call the house doula: https://ft.trib.al/TNzz0JV
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The housing market is highly seasonal — and understanding that might be the key to getting the best deal: https://ft.trib.al/qdRs0T2
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Financial Times reposted this
The missing piece in Donald Trump's oil and gas boom: jobs. Employment has fallen by about 13,000 people while production and profits surged near record levels https://lnkd.in/g6NcFw6v Financial Times
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Breaking news: Kemi Badenoch has sacked Mel Stride as shadow chancellor and promoted former business spokesperson Andrew Griffith to the role as the Conservative leader promised a 'new economic leadership team'. https://ft.trib.al/cGmbjZ0
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Consultants are on a collision course with their clients over the cost of giant IT projects, as companies look to AI to cut spending on external advisers. In FT interviews, large and small businesses around the world said they are demanding reduced fees or moving work in-house, aided by new AI tools and software that requires less integration. https://ft.trib.al/EbZml19
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Financial Times reposted this
Proximity is a key driver of friendship formation. For most of us, a large section of our social world is formed at school, university and work. But there are class variations in where different groups pick up friends. For example, low socio-economic individuals make four times as many of their pals in their neighbourhood as do their richer peers, according to the traceable friendship data of 72mn US Facebook users. Social scientists have for years known the importance of one’s social network for a range of economic outcomes, from jobs to marriage. Could it matter for social mobility, too? Me for the Financial Times: https://lnkd.in/eCh2x_Tp
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