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Friday, August 1, 2025

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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,...

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...

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...

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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7/31: CBS Evening News

Emergency manager says he was sick, asleep as deadly flash floods hit Texas; Potatoes came from tomatoes, scientists say Source...
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