PRESS DIGEST- Financial Times - July 3

Reuters

Tue, Jul 2, 2019, 7:39 PM

In this article:

July 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Lagarde tapped to head ECB as EU reaches deal on top jobs

https://on.ft.com/2KW2pvF

Huawei founder plays down effect of promised Trump reprieve

https://on.ft.com/2KRFQYV

Zurich Insurance's head of Europe Amanda Blanc resigns

https://on.ft.com/2KTVRO0

Overview

European leaders agreed on a deal to fill the European Union's most important jobs, backing IMF's Christine Lagarde to lead the European Central Bank and German Defence Minister Ursula von der Leyen to be president of the European Commission.

U.S. President Donald Trump's move to relax a ban on Huawei Technologies Co Ltd's equipment will not have "much impact" on its business as it adjusts to a new era of American hostility, Huawei founder Ren Zhengfei said.

Zurich Insurance Group AG said the head of its European business Amanda Blanc had handed in her resignation, after just eight months in the job. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•2h ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•13h ago
Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
Motley Fool•5h ago
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Microsoft has been one of the pioneers in the field of AI, but this tech giant is also set to win big time from the growing adoption of this technology.
Motley Fool•1h ago
Tesla's EV success made it 'Magnificent.' It could also be its downfall.
Tesla's growth story was about leading the paradigm shift to EVs, and an affordable car was a part of that story. Now without it, the narrative has changed.
Yahoo Finance•4h ago
Trump Media stock jumps for second day as company goes to battle with short sellers
Trump Media is advising investors on ways to prevent their shares from being loaned for a short-interest position.
Yahoo Finance•21h ago
Here's What the Average Senior Couple Collects in Social Security Today
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Motley Fool•5h ago
2 Popular Artificial Intelligence (AI) Stocks to Sell Before They Drop 29% and 77%, According to Certain Wall Street Analysts
Certain Wall Street analysts see substantial downside for shareholders of Tesla and Palantir Technologies.
Motley Fool•6h ago
Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w
Benzinga•1d ago
Will Healthy Revenue Growth Aid Intel's (INTC) Q1 Earnings?
Intel (INTC) is likely to generate higher revenues year over year in first-quarter 2024, driven by healthy demand trends in Data Center and AI Group.
Zacks•4h ago

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PRESS DIGEST- Financial Times - July 3

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