FT News Briefing

Recent reports reveal a notable slowdown in US inflation, bringing relief to markets. Disney shines with a surge of 15 million new subscribers on Disney+, beating expectations. Meanwhile, social media is betting on live stream shopping as the next big trend, inspired by successes in Asia, despite challenges in the West. The discussion also touches on how these economic shifts could affect Federal Reserve policies, especially concerning interest rates and the job market.

Corporate America is fuming over President Biden's economic package, particularly new tax measures that could impact corporate earnings. Meanwhile, Taiwanese officials are urging Foxconn to retract its investment in a Chinese chipmaker amid rising tensions. The podcast also examines Ukraine's military dynamic, highlighting the strategic significance of Kherson. Lastly, it looks at Serena Williams' transition from tennis champion to influential business leader, showcasing her dedication to increasing female representation in sports and business.

Rising tensions in the Taiwan Strait are igniting concerns worldwide, especially with China's military maneuvers. Meanwhile, the Irish economy is thriving, thanks to tech sector taxes amidst a backdrop of high living costs. Investors are divided over the longevity of the recent tech rally, caught between hopes for a sustainable recovery and fears of potential earnings declines. Lastly, the U.S. reinforces its support for Ukraine, adding another layer to global geopolitical tensions.

Investors are rapidly offloading stakes in private equity, a trend highlighted amidst soaring earnings for gig economy firms like Uber and Lyft. Apple faces serious scrutiny as former employees allege serious mishandling of harassment claims by its HR team, raising questions about the company's corporate culture. The discussion sheds light on the troubling lack of support for those reporting misconduct. Additionally, the podcast explores how food delivery services thrive, signaling a shift away from the low-cost gig model.

Elif Batuman, author of 'The Idiot' and 'Either/Or', shares insights on her new novel, exploring the challenges faced by her alter ego, Selin, as a Harvard student in the 1990s. She delves into the evolution of female representation in literature and the shifting cultural narratives surrounding women's identities. Esther Bintliff discusses the complexities of feedback in the workplace, emphasizing emotional responses and effective methods like 'radical candor'. Together, they highlight the importance of understanding and compassion in personal and professional growth.

US unemployment claims have surged to a six-month high, indicating a cooling labor market. Meanwhile, the Bank of England raised interest rates amid inflation concerns. European banks are thriving despite fears of recession, reporting strong earnings while facing challenges from rising rates and potential loan defaults. Amidst these economic shifts, the podcast also hints at exciting upcoming business news and solutions in the works.

SoftBank is planning to drastically reduce its stake in Alibaba, raising up to $22 billion in cash. The move comes amid financial struggles and strategic shifts in response to market conditions. Meanwhile, Iran and western powers are resuming critical talks on the nuclear deal, potentially reshaping geopolitical dynamics. On a different front, political polarization is infiltrating workplaces, prompting companies to navigate employee conflicts while promoting inclusivity and sensitivity.

Tensions rise as China blocks imports from Taiwanese food producers following a high-profile U.S. visit. Uncertainty looms over SoftBank with leadership questions after key departures. A new wave of investors, dubbed the ‘Moonshot Generation,’ dive into high-risk markets like cryptocurrencies and NFTs, driven by tech advancements and low-cost trading platforms. Social media influences their decisions, adding to the thrill yet increasing the pressure of FOMO. The conversation navigates the balance between risk and rationality in an uncertain economic climate.

Instagram's head is relocating to London, stirring discussions about tech competition. HSBC is looking to return dividends to pre-pandemic levels amid economic shifts. Meanwhile, China is grappling with its first overseas debt crisis, shedding light on the struggles of its Belt and Road Initiative. The rising concerns over bad loans and the implications for international infrastructure projects highlight the precarious balance of global finance and development.

The Bank of England may implement its largest interest rate hike in over 25 years. Western nations are easing oil restrictions to curb inflation and avoid energy spikes. Meanwhile, a revival in the crypto market sees investors returning after a slump. In China, there's growing social unrest linked to a property crisis, prompting officials to propose a $148 billion bailout fund. This situation raises concerns about the effectiveness of the initiative amidst ongoing protests from frustrated homeowners.