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US banks announce big shareholder payouts as Fed eases stress tests
Stay informed with free updatesSimply sign up to the US banks myFT Digest -- delivered directly to your inbox.Investors reaped the rewards of looser bank supervision as Wall Street’s biggest banks announced a flood of shareholder payouts on Tuesday,...
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Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A
Earlier this week, Home Depot said one of its business units was buying building-products distributor GMS for some $4.3 billion, prevailing in a bidding war and showing just how seriously the home improvement chain is about winning the market...
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Labour braces for biggest rebellion of Starmer era over welfare reform
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Some 39 Labour MPs have signalled they will vote against Sir Keir Starmer’s welfare reforms on Tuesday evening, in a tense...
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Mark Zuckerberg has a literal list of AI all-stars to whom he’s offering fantastic sums of money. An expert explains why he’s hiring so...
In an internal memo, Mark Zuckerberg revealed 11 members of his new AI SuperIntelligence Lab that he poached from OpenAI and other tech giants.The memo, obtained by CNBC and published Monday, lists top engineers and researchers hired to bolster...
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Donald Trump suggests Doge review subsidies to Elon Musk’s companies
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has suggested the US government should examine any subsidies handed out to Elon Musk’s business empire, claiming...
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North Korean operatives and American accomplices accused in massive fraud that infiltrated the Fortune 500 and stole millions
The Justice Department on Monday announced a significant crackdown on the North Korean IT workers fraud scheme, with two new indictments naming more than a dozen alleged conspirators accused of stealing millions from at least 100 companies in the...
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Revised UK welfare reforms to push 150,000 into poverty
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Watering down the government’s flagship welfare changes will cost taxpayers £2.5bn, work and pensions secretary Liz Kendall admitted on Monday, as...
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Longtime Bessemer investor Mary D’Onofrio, who backed Anthropic and Canva, leaves for Crosslink Capital
Mary D’Onofrio, who led Bessemer Venture Partners’ investments in unicorns including Anthropic and Canva, has left to join Crosslink Capital, Fortune has exclusively learned. D’Onofrio will lead Crosslink’s crossover fund, focusing on Series B-plus investments in AI vertical software and infrastructure.“The...
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‘Blood Gold’: How it fuels conflict in West Africa’s Sahel region
Jacob BoswallBBC MonitoringGetty ImagesIt has been a good year for gold. A host of turbulent events in the global...