Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.The number of raw sewage discharges into rivers and seas in England and Wales will hit an all-time record in 2023, according to official figures that have sparked calls for Rishi Sunak's government to declare a national emergency. The Environment Agency said on Wednesday that some 464,056 spills were recorded in 2023, up 54 per cent from 301,091 the previous year. This was the highest since data collection began in 2015, when monitoring devices began being installed.Sites in some parts of England…
Author: ricardofrancois
Check out which companies are making headlines in pre-market trading. Robinhood – Shares of the brokerage firm jumped more than 6% after unveiling the Robinhood Gold Card, a credit card through which cash can be deposited into a brokerage account. Concentrix – Shares fell nearly 4% on disappointing fiscal second-quarter earnings guidance. The customer experience technology company also reiterated its full-year outlook for 2024. Shares of GameStop fell more than 17% after the video game retailer reported a significant drop in revenue in the fourth quarter compared to the same period a year earlier. The company added that it has…
This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent directly to your inbox.Visit our Moral Money hub for the latest ESG news, views and analysis from across the Financial Times BlackRock Chairman Larry Fink yesterday issued his annual letter to investors – days after news that Republican state investment funds had withdrawn $13.3 billion from the world's largest asset manager. Although the withdrawals add up to roughly 0.1 percent of BlackRock's assets under management, Fink went out of his way to stress that he is no green fanatic. Instead, he…
If you wanted to scale up your big tech company and you had $10 million to spend, how would you spend it? In a Super Bowl ad? F1 sponsorship? You can spend it training the generative AI model. Although they are not marketing in the traditional sense, generative models attract attention – and are increasingly directed to core sellers' products and services. Watch DBRX from Databricks, a new AI model announced today similar to OpenAI's GPT series and Google's Gemini. Available on GitHub and the AI development platform Hugging Face for research as well as commercial use, the basic (DBRX…
The two journalists who were surrounded and attacked by the Minnesota State Patrol while covering protests over the killing of George Floyd for the Los Angeles Times will soon settle a lawsuit with the state for $1.2 million. The pair, one a current and a former Los Angeles Times employee, claimed the soldiers violated their First Amendment rights.The settlement stems from a violent incident that occurred on May 30, 2020, when staff photographer Carolyn Cole and Molly Hennessy Fiske, then the Times's Houston bureau chief, were in Minneapolis to cover the community's reaction to the killing of Floyd at the…
BJ's Wholesale Club in Falls Church, Virginia, premieres May 23, 2023.Wayne McNamee | Getty ImagesBJ Wholesale Club It said Wednesday it will open four clubs in the Southeast and one in the Midwest this year, as it tries to expand and attract members in other parts of the country in the competitive membership warehouse market.The new stores will open this fiscal year in Maryville, Tennessee. Myrtle Beach, South Carolina; Palm Coast and West Palm Beach, Florida; And Carmel, Indiana. The company plans to open dozens of new clubs this fiscal year, including an already announced club in Louisville, Kentucky.Younger competitor…
A “For Sale” sign is placed on the lawn in front of a home on March 15, 2024, in Miami, Florida. Joe Rydell | Getty ImagesThe housing market is typically experiencing a busy spring, but mortgage demand is not moving. Application volume was essentially flat last week, down 0.7% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell to 6.93% from 6.97%, with points falling to 0.60 from 0.64 (including origination fees) for low-interest loans. By 20%. Premium.Home loan refinance…
2024 Ford MustangSource: FordDetroit — “ ford motor It sees an opportunity to increase Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing into the hands of generations of car enthusiasts drawn to high-performance cars.This optimism comes after the Mustang's closest American rivals ended production of their muscle cars in December. General Motors Chevrolet Camaro has ceased production Stellantis Dodge has ended production of the Dodge Challenger V8 before launching the new all-electric muscle car later this year, followed by gas-powered models with twin-turbocharged six-cylinder engines expected in 2025.Their departure (and the departure…
Wenjin Chen | Digital Vision Vector | Getty ImagesBritain's financial services regulator has announced guidelines for financial services firms and social media influencers who make memes about cryptocurrencies and other investments in a bid to tackle a rise in fraud.The Financial Conduct Authority said in a statement on Tuesday that any marketing of financial products – including that expressed in memes – must be fair, clear and not misleading.The watchdog said financial social media influencers, or “influencers,” must obtain the approval of a representative appointed by the FSA before publishing ads and memes about financial products and services.”Promotions are not…
A boy crying in the school playground. A new British study finds that some behaviors considered problematic in childhood can lead to higher salaries later in life. guanmonino | E+ | Getty ImagesSchool bullies are more likely to end up earning higher salaries, upending the widespread belief that they will get their comeuppance later in life, a new study suggests.Research published by the UK's Institute of Social and Economic Research earlier this month found that children who showed certain types of problematic behavior at school, including tantrums and teasing or bullying others, had higher earnings in their 40s.Children with “behaviour…