FT News Briefing

US stocks showed resilience despite global growth concerns. The Trump administration is tightening its grip on Huawei amidst security fears. Broadcom is eyeing a deal with Symantec while Rosneft continues its oil support for Venezuela. On the trade front, the U.S. is ready to negotiate with the UK post-Brexit. Meanwhile, excitement builds around a San Francisco group striving for breakthroughs in artificial intelligence, raising questions about what's possible in machine learning. Stay tuned for a new podcast exploring global cultural shifts!

Disney faces a downturn as it misses earnings estimates, causing stock concerns. Meanwhile, Facebook takes legal action against app developers for advertising fraud. Match Group boosts optimism with a raised earnings forecast after a surge in Tinder subscribers. Additionally, insights into the Trump administration's struggle with the dollar reveal limited options to influence its value. The podcast also delves into China's economic strategies and the challenges posed by the U.S.-China trade war.

Tensions rise as the U.S. Treasury labels China a currency manipulator, sparking fears in global markets. Hong Kong sees its first general strike in over 50 years, showcasing deep-rooted discontent. Amidst this chaos, President Trump addresses the nation following tragic mass shootings, tackling racism and public safety concerns. The retail world feels the pinch with Barneys New York heading towards bankruptcy. Meanwhile, India's significant constitutional changes shake regional stability, hinting at broader geopolitical currents.

Tragic mass shootings in the U.S. raise pressing questions about gun control and domestic terrorism. Meanwhile, the economic crisis in Venezuela worsens as power outages and resource shortages plague citizens. The political standoff intensifies, with Maduro's grip on power being challenged by the opposition. Additionally, U.S. retailers warn that new tariffs may lead to increased layoffs, further impacting the labor market. A concerning look at Iran's oil trade amidst international sanctions adds to the complexity of these unfolding events.

Tensions rise as the US announces a 10% tariff on $300 billion worth of Chinese goods, sparking concerns about global trade. Corporate share buybacks begin to slow, signaling shifts in the market. Pinterest experiences a significant surge in shares after promising upgraded forecasts. Meanwhile, the UK faces a daunting economic outlook with a one-in-three chance of contraction as Boris Johnson navigates his first week as Prime Minister amidst Brexit uncertainties and public sentiment shifts.

The Federal Reserve's decision to cut interest rates has sparked mixed reactions in the market. Tensions rise as the Trump administration imposes sanctions on Iran’s foreign minister. Investigations unveil serious cybersecurity breaches affecting major companies. Meanwhile, Qualcomm faces challenges in China’s smartphone market. In Mexico, the president's ambitious growth plans are tested as the country narrowly escapes recession.

The Federal Reserve is poised to announce its first interest rate cut in over a decade, amidst concerns of a slowing global economy. Meanwhile, Apple shares positive guidance despite a dip in iPhone sales. Saudi stocks are becoming increasingly attractive to investors as ownership restrictions ease. In Russia, new tech-driven tax reforms raise questions about privacy and state control. The use of QR codes for transactions is on the rise, signaling a shift towards digital convenience.

Uber makes headlines by cutting 400 marketing jobs in a corporate shakeup. Citigroup follows suit, planning significant job cuts in its global markets division. In a national security scare, over 2,000 Chinese-made security cameras remain installed in U.S. government buildings. Pfizer strikes a deal to merge its Upjohn unit with Mylan, focusing on innovative drugs. Meanwhile, Beyond Meat announces a stock sale, and the British pound plummets amid growing no-deal Brexit fears.

The UK chancellor announces over £1bn for no-deal Brexit preparations. Deutsche Bank investigates a serious data breach involving former staff accounts. President Trump shakes up the intelligence community by replacing Dan Coats. Foreign car manufacturers face severe production limits in China. Meanwhile, the London Stock Exchange is eyeing a major $27 billion takeover of Refinitiv, aiming to enhance its market position and tackle historical challenges.

Google's advertising rebound drives impressive revenue growth, while Amazon faces challenges with rising shipping costs. The ongoing Brexit negotiations reveal tensions, with the EU's negotiator rejecting the UK's terms. The European Central Bank hints at rate cuts and new asset purchases to stimulate the economy. Insights into Latin America's economic struggles reveal a lack of medium-sized companies and governmental mistrust, contributing to its lower global growth contributions.