FT News Briefing RIP QT
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Oct 30, 2025 
Claire Jones, U.S. economics editor at the Financial Times, dives into the Federal Reserve's recent rate cut and the halt in quantitative tightening amidst a wavering labor market. She highlights the implications of these moves on the economy, particularly the uncertainty surrounding future policy decisions. Kieran Smith, Telecoms correspondent, discusses the end of an era as John Malone steps down from his media empire, detailing his legacy that transformed the telecom landscape and why he's considered a relic of bygone business practices.
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Meta's Growth Masked By Huge Tax Hit
- Meta's revenues grew 26% while net income plunged 83% due to a near-$15bn one-off tax charge.
- The tax hit spooked investors and pushed Meta's shares down over 7% after hours.
Sky-High Expectations Hunted Microsoft
- Microsoft beat estimates on Azure revenue growth of 39% but still disappointed investors.
- Expectations tied to the OpenAI partnership meant the beat wasn’t high enough, and shares fell nearly 4% after hours.
Fed Halts Quantitative Tightening
- The Federal Reserve cut interest rates by a quarter point and halted shrinking its balance sheet.
- Stopping quantitative tightening signals a shift to gentler monetary conditions to ease borrowing.