Stay informed with free updatesSimply sign up to the US-China relations myFT Digest — delivered directly to your inbox.The Biden administration has revoked export licences that allow Intel and Qualcomm to supply Huawei with semiconductors as Washington increases the pressure on the Chinese telecoms equipment company.The move by the US…

Elections do have consequences. But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. A recent analysis by retirement planning firm TIAA considered how a moderate-risk portfolio with 60% stocks and 40% bonds fared across…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney’s core streaming business turned a profit for the first time since the launch of Disney+ in late 2019, achieving the milestone months earlier than expected thanks to cost-cutting and the popularity…

Former Starbucks CEO Howard Schultz might have left the coffee giant several months ago, but he’s still offering critiques of the company he ran for about 25 years over three stints. Following the release of Starbucks’ dismal earnings, Schultz wrote on his LinkedIn account that he was asked by “people…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Commission on Monday started a process to bring a years-long dispute with Poland over the rule of law in the country to a formal end.Following an election last year, Poland…

The global economy is at risk of stagnating in the coming years — and America’s robust economic strength may not be enough to save it. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ — a sluggish and disappointing decade,” Kristalina Georgieva, the International Monetary Fund’s managing…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel’s far-right government has voted to shut down Al Jazeera, the Qatari-funded satellite channel, and prevent it operating in the country, accusing it of being a “mouthpiece for Hamas” and a threat…

The mix of local residents visiting the Enfield Food Shelf in Connecticut has changed a lot in the last few years. Prior to the Covid-19 pandemic, many were elderly or disabled people on fixed incomes, said Kathleen Souvigney, the food pantry’s executive director for the past decade. But now, more…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump stocks.The figure underscores the difficulty the billionaire investor and…

US socks soared higher Friday morning after new data showed that US job growth slowed considerably last month. The blue-chip Dow was higher by 488 points, or 1.2%; the S&P 500 was up 1.1% and the tech-heavy Nasdaq gained 1.8%. The economy added just 175,000 new jobs in April, according…