FT News Briefing

Nvidia's fireworks included record earnings, but investors weren't impressed. Meanwhile, China's renminbi is gaining traction in global trade, marking a big shift against the dollar. Berkshire Hathaway has crossed the $1 trillion market cap threshold, breaking the tech monopolies. On the other hand, Ford is hitting bumps on its road to profitability, struggling with electric vehicle strategies and warranty issues. Can CEO Jim Farley steer the company back on course amidst all these challenges?

Tensions are rising as a Japanese company defends itself against a takeover bid while China tightens its grip on semiconductor exports, affecting global supply chains. Klarna announces massive layoffs as it pivots towards artificial intelligence. Meanwhile, NASA faces challenges with Boeing's Starliner, which has left astronauts stranded, and turns to SpaceX for a timely rescue. The intricate interplay of US-China relations and tech disruptions is highlighted, shedding light on the future of both industries.

The arrest of Telegram's CEO in France has reignited a heated debate over free speech and online safety. This incident raises questions about social media governance, particularly concerning content moderation practices. Meanwhile, oil prices soar due to Libya's shutdown of crude exports, and Grenada invokes a unique 'hurricane clause' to pause debt repayments in light of climate challenges. The discussion highlights the delicate balance between protecting free speech and ensuring online safety amid increasing scrutiny.

Small-dollar donations are pouring into Kamala Harris’s campaign, signaling a dramatic shift in grassroots fundraising. Meanwhile, Israel intensified military actions in Lebanon. The podcast also explores the booming aerospace and defense sectors expected to see record profits. Additionally, AI innovations are revolutionizing coding technologies, attracting nearly $1 billion in funding. However, the impact on junior programming roles raises questions about the industry's future.

Lauren Fedor, Deputy Washington Bureau Chief at the Financial Times, joins the discussion to unpack the Democratic National Convention in Chicago. They dissect Kamala Harris's acceptance speech, emphasizing her commitment to strengthening U.S. leadership. The conversation highlights contrasts in campaign strategies between Harris and Biden, and addresses the challenges of maintaining unity within a diverse Democratic Party. With tensions rising and potential infighting on the horizon, Fedor provides keen insights into the future direction and viability of the party.

Kamala Harris captivates with a call for unity at the Democratic National Convention, setting the stage for her upcoming debate. Meanwhile, all eyes are on the Federal Reserve summit in Jackson Hole, where leaders are navigating interest rates amid economic uncertainty. Interestingly, gold prices surge as investors turn to it for safety, defying expectations during a thriving U.S. economy. This podcast dives into the dynamics of gold's rise and the intriguing interplay between interest rates and market trends.

PwC is facing a six-month ban in China due to issues with Evergrande's audit. Meanwhile, Mexico's judges are striking against controversial reforms by the president. A potential takeover bid for 7-Eleven could reshape Japan's M&A landscape, signaling a new era for foreign acquisitions. Japan's updated regulations aim to foster corporate consolidation but also spark debates on the impact of increased foreign investments.

China's major effort to revive its struggling housing market hits a slow start, raising concerns about the effectiveness of a $42 billion fund. Meanwhile, Saudi Arabia's Public Investment Fund shifts its focus toward domestic investments, indicating a strategic pivot that could reshape global finance. The discussion also touches on the evolving tipping culture in the U.S., where many are experiencing tip fatigue as service industry norms shift post-pandemic. These topics highlight significant economic changes both locally and internationally.

The US dollar has fallen to its lowest level this year, raising eyebrows as the stock market stabilizes. Meanwhile, rising tensions between the US and China threaten a long-standing science and technology collaboration. Democrats defend Kamala Harris’s economic roadmap, which is facing skepticism from economists concerned about its feasibility amid ongoing inflation. The complexities of voter sentiment and international cooperation in research are highlighted as essential for addressing global challenges.

The Democratic National Convention kicks off in Chicago, highlighting Vice President Kamala Harris's rising popularity amidst key state polls. Meanwhile, Bangladesh's garment industry is in turmoil due to political unrest, forcing global fashion brands to reconsider their manufacturing strategies. Start-up failures have skyrocketed by 60%, reflecting the challenges of the post-boom era. Climate change is driving up homeowner insurance costs, sparking discussions on innovative solutions to manage emerging risks.