PRESS DIGEST- Financial Times - June 15

Reuters

Sun, Jun 14, 2020, 9:15 PM1 min read

In this article:

June 15 (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

Johnson seeks to galvanise Brexit talks with EU chiefs https://on.ft.com/2ADQEq7

Timberland and Vans owner eyes acquisitions despite uncertainty https://on.ft.com/2YGdF3Q

FRC's former chairman joins private equity firm Carlyle https://on.ft.com/2YBlGXG

Overview

British Prime Minister Boris Johnson will join a call with EU leaders on Monday to discuss future talks on EU-UK relationship.

Apparel maker VF Corp is eyeing further acquisitions despite coronavirus uncertainty, saying it could be a good time to expand its collection of clothing, footwear and accessories brands.

Former chair of Britain's Financial Reporting Council, Simon Dingemans, who stepped down last month from UK accounting watchdog, will join U.S. private equity firm Carlyle Group Inc as a managing director in charge of UK buyouts. (Compiled by Bengaluru newsroom)

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•1d ago
GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates
The reading of first quarter economic growth comes at a crucial time as investors digest the potential impacts of the Fed holding interest rates higher for longer.
Yahoo Finance•33m ago
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American Airlines and Southwest Airlines both lost money in the first quarter, and Southwest said Thursday that it will limit hiring and close operations at four airports. Airlines are dealing with higher labor costs and delays in getting new planes from Boeing, which is limiting their ability to add more flights at a time of high demand for travel. American said it lost $312 million as labor costs rose 18%, or nearly $600 million.
Associated Press Finance•2h ago
Stock market today: US futures tumble after Meta's reality check, soft GDP print
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update waiting in the wings.
Yahoo Finance•19m ago
The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
This growth ETF has nicely outperformed the S&P 500 since its inception.
Motley Fool•3h ago
Charlie Munger Explained If You Want To Become Rich, Stop Trying To Be 'Intelligent' And Aim For 'Not Stupid' Instead
Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc., was renowned not just for his investment prowess but for his unconventional approach to achieving financial wisdom. In a world where intelligence is often touted as the key to success, Munger proposed a counterintuitive strategy. "It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent," he said. Don't Miss: Can you guess how many A
Benzinga•20h ago
China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•16h ago
One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
Motley Fool•4h ago
I Have $900k in a Roth IRA and Would Receive $2,200 Monthly From Social Security. Can I Retire at 66?
Imagine that you have $900,000 in a Roth IRA and collect another $2,200 per month in Social Security. Can you afford to retire at age 66? A good way to answer this question is to start with your budget. What do you expect to spend on essentials, like housing and fixed monthly expenses, and what […] The post I Have $900k in a Roth IRA and Would Receive $2,200 Monthly From Social Security. Can I Retire at 66? appeared first on SmartReads by SmartAsset.
SmartAsset•2h ago
3 Absurdly Cheap Stocks to Buy and Hold for Years
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.
Motley Fool•2h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

PRESS DIGEST- Financial Times - June 15

Recommended Stories

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well

Stock market today: US futures tumble after Meta's reality check, soft GDP print

The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade

Charlie Munger Explained If You Want To Become Rich, Stop Trying To Be 'Intelligent' And Aim For 'Not Stupid' Instead

China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses

One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock

I Have $900k in a Roth IRA and Would Receive $2,200 Monthly From Social Security. Can I Retire at 66?

3 Absurdly Cheap Stocks to Buy and Hold for Years