FT News Briefing Wednesday, January 15
Jan 15, 2020
The vote on articles of impeachment against President Trump takes center stage. Boeing relinquishes its title as the world’s largest plane maker to Airbus. UK tech startups celebrate a historic investment milestone, surpassing £10bn. JPMorgan kicks off the earnings season with a record profit, showcasing its strong position, unlike Wells Fargo, which struggles with higher costs and past issues. The discussion also touches on emerging trends in capital markets and the implications of recent bank earnings.
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Impeachment Trial
- The House will vote on sending impeachment articles against President Trump to the Senate.
- A trial could begin as soon as next week.
Boeing Loses Top Spot
- Boeing's 2019 orders and deliveries fell to their lowest in over a decade, resulting in Airbus taking the lead.
- The grounding of the 737 MAX after two fatal crashes contributed to this decline.
UK Startup Funding
- UK startups received over £10bn in funding, exceeding the combined total of France and Germany.
- However, Brexit may impact future recruitment from Europe.