Nomura profits surge as chief takes pay cut over trading scandal

Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy

Business - Financial Times - 5 hours ago

Over 200 unqualified Texas educators had someone else take their exams in cheating scandal, officials say

Five people have been charged in Texas with organizing and participating in an illegal cheating scheme that certified more than 200 unqualified teachers and helped the plot’s “kingpin” rake in more ...

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

World - Financial Times - 3 days ago

We're making a flurry of trades: Buying 2 beaten-up stocks, taking profits in another

We're using proceeds from the sale to help fund our purchases of two other Club stocks.

Business - CNBC - 2 days ago

DeAndre Hopkins thanks Titans for trading him to Chiefs while taking subtle shot at former team

Hopkins didn't intentionally throw shade at the Titans, but he did so anyway

Sports - CBS Sports - October 24

Josh Uche trade grades: Chiefs add needed pass-rush depth; Patriots cut losses with former second-round pick

Uche has produced 20.5 sacks since entering the NFL in 2020

Sports - CBS Sports - 3 days ago

European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over

Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.

Business - CNBC - October 23

PwC profits fall in Asia after scandals in China and Australia

Big Four firm reports slower global growth as regional woes compound consulting industry slowdown

Business - Financial Times - 3 days ago

Tokyo Metro Shares Surge in Trading Debut

The initial public offering by the operator of subways in Tokyo is the largest since SoftBank Corp.’s $21 billion IPO in 2018.

Business - The Wall Street Journal - October 22

China’s largest coffee chain plans to take on Starbucks in US

Luckin Coffee’s expansion into rival’s home market comes five years after company was delisted from Nasdaq and fined

Business - Financial Times - 3 days ago

NFL 2024 playoff picture, standings for Week 8: Chiefs stand as last unbeaten team; Lions take over NFC lead

An early look at the playoff standings after Week 7

Sports - CBS Sports - October 22

TSMC beats forecasts with 54% surge in profits on soaring AI demand

Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms

Business - MarketWatch - October 17

Netflix's subscriber growth is slowing, but its profit and stock price are still surging

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off

Tech - ABC News - October 17

Trafigura warns of up to $1.1bn loss over Mongolian oil scandal

Commodity trader is taking action against a ‘small number’ of insiders involved in the alleged fraud

Business - Financial Times - Yesterday

Five Charged in Cheating Scandal That Helped Over 200 ‘Unqualified’ Texas Teachers

Prosecutors said that the “kingpin,” a high school basketball coach in Houston, had helped educators fraudulently pass more than 400 tests.

Top stories - The New York Times - Yesterday

This bank account is paying 5.25% right now as interest rates surge

Big rises in yields in recent weeks are good for savers.

Business - MarketWatch - Yesterday

Amid trades, Mahomes content with Chiefs' WRs

Patrick Mahomes said the Chiefs have enough talent at wide receiver to get where they want to go this season.

Sports - ESPN - October 16

Chiefs bolster pass rush, trade for Patriots' Uche

The Chiefs acquired pass rusher Joshua Uche in a trade with the Patriots on Monday.

Sports - ESPN - 3 days ago

Action demanded over surge in illegal meat imports

The government is warned of a "foot-and-mouth" level crisis over potentially diseased meat flooding into the UK.

Tokyo Metro shares surge 45% on first day of trading

Tokyo Metro ‘s float on the Tokyo Stock Exchange marked Japan’s largest initial public offering since SoftBank’s ¥2.65 trillion listing in 2018

Business - MarketWatch - October 23

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.

Business - The Wall Street Journal - October 25

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

Business - CNBC - Yesterday

Kenvue shares surge after activist Starboard takes stake

Starboard Value has amassed a significant stake in Kenvue, which spun out of Johnson & Johnson in mid-2023.

Business - CNBC - October 21

Children must not pay price of council cuts, commissioner says

Local government experts say councils made all the "easy cuts" years ago and still face shortfalls.

Crisis-hit VW eyeing plant closures, deep pay cuts: report

World - Yahoo News - 4 days ago

Goldman profits jump 45% to $3bn after trading boost

Net income outstrips expectations despite hit from retail banking retreat

Business - Financial Times - October 15

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results

Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

Business - CNBC - October 15

Hong Kong Exchange Operator's Profit Rises on Strong Trading, Listings

Hong Kong’s stock-exchange operator reported higher profit for the second straight quarter as improved market sentiment boosted trading and listing activity.

Business - The Wall Street Journal - October 23

Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence

Tech - ABC News - Yesterday

Ministers complain to Starmer over spending cuts

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

Chiefs shore up battered WR room by adding Hopkins

The Kansas City Chiefs are finalizing a trade for Tennessee Titans wide receiver DeAndre Hopkins, ESPN reported,

Sports - Yahoo Sports - October 23

Patriots trade Josh Uche to Chiefs for 2026 draft pick: Report

The Chiefs have bolstered their pass rush by making a move for Patriots linebacker Josh Uche ahead of the Nov. 5 trade deadline.

Sports - Yahoo Sports - 3 days ago

Latest in Nomura profits surge as chief takes pay cut over trading scandal