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US equity funds draw inflows as tech buying resumes Source link
None of the week’s events, including the play, are advertised online. Posters around the neighborhood advertise the Summer of Ludd, declaring “only in real life!” and booklets with the week’s schedule of events have been placed in community spaces around the area. I found out about the event in a serendipitously offline way. Earlier in June, I was with a friend in the East Village, and we got caught in a summer downpour. As I was waiting it out in the Museum of Reclaimed Urban Space, a small venue that documents the neighborhood’s history of activism, I found the booklet…
Police have criticised the timing of the government’s decision to let pubs stay open until 05:00 BST on Monday for England’s World Cup match against Mexico.The National Police Chiefs’ Council said the “late announcement” meant officers would have to be taken away from other duties and work longer hours, even though the team’s likely route through the tournament “has been known for a considerable time”.It asked fans to be “considerate” and “drink within sensible limits” while watching the crucial last-16 match in which the losing team will be eliminated.The government has said a previous relaxing of licensing laws for the…
An airport lounge — without the security screening or boarding pass. Credit card companies American Express and Chase are increasingly waging their luxury lounge wars outside the airport. From an air-conditioned retreat in the middle of the desert at Coachella to an exclusive athlete meet-and-greet at the Paris Olympics, these companies are investing big in premium hospitality spaces to win over affluent cardholders. “It’s very expensive, but I think what’s happening is that the issuers are finding that this is a premium differentiator,” said Donald Fandetti, managing director of consumer finance equity research at Wells Fargo. “It’s all about providing these…
Thursday’s insider activity: Notable buys and strategic sales Source link
WASHINGTON — On the National Mall this week, Freedom 250 signs pointed visitors toward temporary state pavilions, a Ferris wheel and mobile, transitory history exhibits. Sponsor names appeared beside Trump-aligned programming. Some states were represented by official delegations. Others had opted out, leaving replacement displays or stripped-down booths in their place.As the country prepares to mark its semiquincentennial, or 250th birthday, the splashiest celebrations in Washington are being shaped by corporate money.A CNBC analysis found 14 companies backing both America250, the nonprofit supporting the congressionally created U.S. Semiquincentennial Commission, and Freedom 250, the Trump-backed public-private partnership behind some of the…
Financial regulation is struggling to keep pace with the rapid development of artificial intelligence, according to European policymakers, who are grappling with how to support adoption while containing risks to market integrity and stability.Nikhil Rathi, CEO of the U.K.’s Financial Conduct Authority, said the traditional cycle of rulemaking “doesn’t work” in an era of fast-moving technological change, particularly as agentic AI development accelerates.”Technology moves incredibly fast, and we need to think differently about some of the innovations that we are seeing on AI,” Rathi told CNBC’s “Squawk Box Europe” on Thursday.Rathi highlighted the efforts of Britain’s Financial Stability Board on…
Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025.Michael Wayland | CNBCDETROIT — Ford Motor regularly promotes itself as a cornerstone of American manufacturing, business and truck leadership with its best-selling F-Series pickups, but it also has led the U.S. in one area that it isn’t so proud of: vehicle recalls and quality issues.They’ve plagued the Detroit automaker’s earnings, degraded customer trust and stained Ford’s reputation for much of the past decade. The automaker has issued 53 recalls for more than 12 million vehicles so far this…
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.A German defence group has bought the gearmaker for the UK’s Spitfire fighter planes that fought during the Battle of Britain, bringing together two storied companies that were on opposing sides of the second world war.The Bavaria-based Renk said that it would acquire the UK-based David Brown Defence in a deal worth about $200mn.David Brown, which is based in the West Yorkshire town of Huddersfield and traces its history back to 1860, supplied gears for the Spitfires that battled the Luftwaffe…