Introduction

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The us. Economy shrank for two consecutive quarters. Energy companies are making record profits, so why is the major french utility struggling? Plus, tech earnings this week were all over the place, and so were the market's reactions to them. To day is friday, july 20, ninth, and this is your f t news briefing.

The US economy has shrunk for two consecutive quarters, many energy companies are posting record profits but French EDF recorded a record loss, and US markets are reacting unpredictably to tech earnings reports.

Subscribe to the FT News Briefing on Apple Podcasts or Spotify

Mentioned in this podcast:

US economy shrinks for second consecutive quarter

French energy group EDF records €5.3bn loss ahead of renationalisation

Facebook parent Meta reports first decline in revenue

Spotify adds more subscribers than forecast in second quarter

Google parent Alphabet’s revenue growth falls to slowest pace in 2 years

Microsoft reassures investors with confident full-year forecast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.