FT

rowinghorse7

Anthropic tells investors it will be profitable for second straight quarter-FT “Our margins are great once you remove capex and opex”

mmaisumm

Fuck all these AI researchers on twitter man. To quote a FT comment this morning: Simply put, Western governments are now too inept, too corrupt, or too stupid (or all of the above) to properly respond to collective action threats whether real or imagined. Take this AI nonsense: Chances are high this is nothing more than a public relations campaign to pump Silicon Valley's bags. Anything that makes AI sound incredibly powerful, especially warnings of doom, translates to investor ears as "those companies will be worth a lot of money innit." And in making the media rounds, this bright-eyed, bushy-tailed 27-year-old sounds more like a pitchman for the coming IPOs of Anthropic and Open AI than a prophet of the AI apocalypse. But put aside the skepticism: If the threat is worth taking seriously, then governments should make a serious effort to investigate. Is the doomsday threat of AI at all credible? Okay fine: Set up something like the 9/11 Commission, or Operation Warp Speed, or some other deadly serious government effort to get to the bottom of this. If the AI companies propose an actual existential threat, then government bodies need to get on the stick, right now, and investigate the daylights out of this threat, with all the power of subpoenas, technical experts, forced testimony, everything, to get to the bottom of it and determine the actual credibility of that threat. And if this threat turns out be fake PR nonsense -- if it is just more posturing as many strongly suspect it is -- then people need to go to jail for this nonsense. If the AI companies are just promoting a fake doom narrative for the sake of their upcoming trillion-dollar IPOs, then it should be a crime -- an actual, literal crime -- to pollute the public discourse with alarmist nonsense that also amounts to securities fraud while degrading the mental health of hundreds of millions if people. If the threat is real on the other hand -- if it isn't nonsense -- then governments should take real and immediate action to mitigate the threat. Just imagine if some other industry tried this. Picture a company that makes nuclear power plants saying "oh by the way, there is a 10% chance our reactors could turn into a supercharged hydrogen bombs and kill hundreds of millions of people." Or imagine if an agricultural giant said "oh by the way, our latest round of genetically modified crops have a 10% chance of mutations that could wipe out half the planet." Of course governments would not put up with that from some other industry. The reaction would be shock, then fury, then immediate action to investigate the claims for credibility and, if credible, shutting down the threat immediately -- and if not credible, arresting people for fraudulent intent with mass scale consequences. But no -- because it is Silicon Valley, and because governance today is a toilet bowl train wreck of a dumpster fire, the claims will not be taken seriously, except as alarmist public discourse, and Open AI and Anthropic will almost certainly be allowed to get away with this garbage. Again, the reason for alarm is that heads should be rolling for this -- very senior people should be fired or forced to resign at the very least, if not arrested and sent to jail for criminal negligence and fraudulent intent whether the claims are true or not. That is because, if the claims are true then Holy Nightmare Batman; and if they are false (which is much more likely) then this kind of mass psychosis and mental harm being perpetrated on the public for the sake of making IPO bank (remember that investors love these "AI is so powerful" narratives) should be shut down immediately. Genuine fear is warranted right now, but not fear of rogue AI becoming skynet. The fear comes from the fact governments are no longer competent to manage risks or anything much else at all.

CMTTrader

\*ANTHROPIC WILL BE PROFITABLE FOR SECOND STRAIGHT QUARTER: FT *Allegedly...*

mmaisumm

Fuck all these AI researchers on twitter man. To quote a FT comment this morning: Simply put, Western governments are now too inept, too corrupt, or too stupid (or all of the above) to properly respond to collective action threats whether real or imagined. Take this AI nonsense: Chances are high this is nothing more than a public relations campaign to pump Silicon Valley's bags. Anything that makes AI sound incredibly powerful, especially warnings of doom, translates to investor ears as "those companies will be worth a lot of money innit." And in making the media rounds, this bright-eyed, bushy-tailed 27-year-old sounds more like a pitchman for the coming IPOs of Anthropic and Open AI than a prophet of the AI apocalypse. But put aside the skepticism: If the threat is worth taking seriously, then governments should make a serious effort to investigate. Is the doomsday threat of AI at all credible? Okay fine: Set up something like the 9/11 Commission, or Operation Warp Speed, or some other deadly serious government effort to get to the bottom of this. If the AI companies propose an actual existential threat, then government bodies need to get on the stick, right now, and investigate the daylights out of this threat, with all the power of subpoenas, technical experts, forced testimony, everything, to get to the bottom of it and determine the actual credibility of that threat. And if this threat turns out be fake PR nonsense -- if it is just more posturing as many strongly suspect it is -- then people need to go to jail for this nonsense. If the AI companies are just promoting a fake doom narrative for the sake of their upcoming trillion-dollar IPOs, then it should be a crime -- an actual, literal crime -- to pollute the public discourse with alarmist nonsense that also amounts to securities fraud while degrading the mental health of hundreds of millions if people. If the threat is real on the other hand -- if it isn't nonsense -- then governments should take real and immediate action to mitigate the threat. Just imagine if some other industry tried this. Picture a company that makes nuclear power plants saying "oh by the way, there is a 10% chance our reactors could turn into a supercharged hydrogen bombs and kill hundreds of millions of people." Or imagine if an agricultural giant said "oh by the way, our latest round of genetically modified crops have a 10% chance of mutations that could wipe out half the planet." Of course governments would not put up with that from some other industry. The reaction would be shock, then fury, then immediate action to investigate the claims for credibility and, if credible, shutting down the threat immediately -- and if not credible, arresting people for fraudulent intent with mass scale consequences. But no -- because it is Silicon Valley, and because governance today is a toilet bowl train wreck of a dumpster fire, the claims will not be taken seriously, except as alarmist public discourse, and Open AI and Anthropic will almost certainly be allowed to get away with this garbage. Again, the reason for alarm is that heads should be rolling for this -- very senior people should be fired or forced to resign at the very least, if not arrested and sent to jail for criminal negligence and fraudulent intent whether the claims are true or not. That is because, if the claims are true then Holy Nightmare Batman; and if they are false (which is much more likely) then this kind of mass psychosis and mental harm being perpetrated on the public for the sake of making IPO bank (remember that investors love these "AI is so powerful" narratives) should be shut down immediately. Genuine fear is warranted right now, but not fear of rogue AI becoming skynet. The fear comes from the fact governments are no longer competent to manage risks or anything much else at all.

FULLTHROTTLE034

https://x.com/FT/status/2098552436101144658?s=20

RagingBearBull

FT: "Global shortages will lead to fammine" CNBC : "Dont listen to FT, you will be fine if you join Jim Cramers investing Club!!!"

FrankLucasV2

Article text: Anthropic and OpenAI’s bankers are lobbying for an investment-grade credit rating after their upcoming initial public offerings, a designation that would lower the borrowing costs for their ambitious AI infrastructure plans. [Morgan Stanley and Goldman Sachs](https://www.ft.com/content/3c9d0a82-643b-44ef-96a0-74a00e3c72ba?syn-25a6b1a6=1) have held talks with credit rating agencies in recent weeks on behalf of the two leading AI labs, as they look to gain access to the $11.7tn corporate bond market post-IPO, said people familiar with the matter. Analysts at the rating agencies told the FT that bankers acting for [Anthropic](https://www.ft.com/stream/15c0cb45-8892-46cd-a086-1d2716ae7246) and OpenAI had argued that the two companies’ public listings would unlock vast amounts of liquidity and improve the health of their balance sheets. “Wall Street is trying to minimise their overall debt impact by arguing that these two companies will soon be flush with liquidity,” said one senior credit analyst. Achieving an investment-grade rating from Fitch, Moody’s and S&P soon after going public would be a remarkable feat for the two lossmaking AI labs, unlocking big benefits for the companies and their infrastructure partners including Oracle and Nvidia. The rating would open the door to pension funds, insurers and other institutional investors that take far more limited positions in riskier speculative-grade debt. It would provide another example of Wall Street changing longstanding practices to usher in the three largest [IPOs](https://www.ft.com/ipos) in history. SpaceX, which went public in June, was the first large tech company to receive an immediate investment-grade rating. Elon Musk’s rocket conglomerate also benefited from changes to index rules that meant billions of dollars in passive investment tracking the S&P 500 and Nasdaq immediately flowed into its stock. Previous tech heavyweights such as Meta, Netflix and Tesla waited a decade or more after their listings to get a top-tier credit rating. The discussions about [OpenAI](https://www.ft.com/stream/e3402603-d253-4aa1-ac4d-fc9bdbf4ccb8) and Anthropic’s ratings are ongoing and no final decisions have been made, the people said. Both companies have yet to publicly lay out their IPO roadmaps. [Anthropic](https://www.ft.com/content/9536c7b9-c600-48ec-8fe2-453b0ca187e9?syn-25a6b1a6=1), OpenAI, Goldman Sachs, Morgan Stanley, Moody’s and S&P all declined to comment. Fitch did not respond to a request for comment. Anthropic and [OpenAI](https://www.ft.com/content/53082739-7714-4aae-9816-e55ab423cbee?syn-25a6b1a6=1) have recently arranged substantial credit lines with big banks but have mainly relied on institutional and venture capital investors to finance their hundreds of billions of dollars in spending on specialist chips and data centres to train and run their models. Both labs have also leaned on the investment-grade rating of partners to secure preferential borrowing terms for debt tied to their infrastructure projects. However, concern over the mounting debt load tied to AI projects has pushed up borrowing costs in recent months. An investment-grade rating would give the companies access to a broader pool of capital and obtain better borrowing terms. Analysts at rating agencies are waiting to see the results of their IPOs before reaching a decision. The two companies remain unprofitable and have shown little sign of generating positive free cash flow. They also face growing risks, including the popularity of Chinese open-weight models. “We still treat OpenAI and Anthropic as deep in speculative grade . . . they are in the red,” said another senior credit analyst. The credit ratings of OpenAI and Anthropic are important to their Big Tech partners, which have taken on hundreds of billions of dollars in guarantees on the assumption that both labs will soon be able to borrow on their own. Nvidia’s $105bn of credit support for a massive OpenAI data centre in Ohio terminates when the start-up wins a “satisfactory credit rating”, filings show. A ratings bump could also help Oracle refinance some of its current debt pile after raising funds to fulfil a $300bn data centre build-out for OpenAI that has put it at risk of losing its investment-grade status following a recent downgrade. Google and Broadcom have similarly extended tens of billions of dollars in credit support to back Anthropic’s use of their chips, with both companies betting that it will need less help after its IPO. Broadcom chief executive Hock Tan said last week that Anthropic’s listing meant its “investment credit will change”, noting that along with rival OpenAI, they were “growing to be hyperscalers in their own right”. He described the frontier AI labs as “two geniuses in the middle of Outer Mongolia, and they need to go to college . . . So we do what we can to help them. And part of it is creating sources of financing to help.” Jordan Chalfin, head of technology at research firm CreditSights, wrote last week that Anthropic’s rapid revenue growth could help justify an investment-grade rating if it raised roughly $100bn in its IPO.

2020isgreat

NORWAY OIL FUND: MAY CUT US TREASURY HOLDINGS BY ABOUT $80B FT yes sir

pembaThePanda

Just got FT alert: Exclusive: Russia secretly helping Iran develop supersonic cruise missiles This may cause a red day tomorrow. I think it's big news

Happy-Champion1661

6 months ago MCD was sitting at $340, but it has now dropped 23% and suddendly I'm seeing FT articles"🥭deportations take a bite out of US fast food. A sector that relies on population increases for sales growth struggles with new reality of fewer mouths to feed". what the fuck does that even mean LMAOOO These people really don't know shit, they will just slap a convenient narrative onto whatever the stonk price is doing.

YourPalJake

So price will drop, but in the meantime they are promising a market cap(Anthropic statement for their OWN valuation, just read an article from the "Financial Dagblad" which is the FT for the Netherlands) larger than the entire GDP of the European Union?! Its honestly such a blatant scam, where they are promising soo much and claiming AGI is just around the corner with a tech stack many experts belief(LLM based models using current tech derived from machine learning we have for more than a decade) is not even POSSIBLE, of which based on my own research and knowledge of the field itself(Studying Electrical Engineering at a highly rated university + have self taught pretty advanced programming where even Assembly does not scare me) I fully agree we won't get AGI from it. Just as a thought experiment, how much energy does a human body require for operating our brain which does not only thinking but coordinating a physical body compared to the current LLM chatbots that have not reached AGI yet? If you think philosophically about it, our brains are a marvel of nature of which we have not even been able to fully map it out!

Pleasa48

read an entire FT article just to understand this comment section. worth it

Prestigious_Key1755

Bessent’e article on FT sounds like an isolated America begging its allies to fall in line. The article reads like he is almost trying to convince himself with weird religious connotations (he is a rich gay man). 

PanicBubbly9353

ChatGPT has more than 800mn regular users, but just 5 per cent of those are paying subscribers. Source: FT.

PanicBubbly9353

Added up information: ChatGPT has more than 800mn regular users, but just 5 per cent of those are paying subscribers. Source: FT

outatime-121

Hello! I don’t really know what I’m doing when it comes to investing, so I’m hoping for some advice on what to do with my current savings. Right now it’s just sitting in a HYS account, but I don’t have enough knowledge to know hot to make it grow faster. I have over $30k in the HYS account. This is separate from my emergency savings and checking accounts. I started the HYS account when I was still living with my parents to save up for my own home, but for my mental health I chose to move out and start renting. I’m happy renting right now, but unfortunately I no longer have extra money each month to put into the HYS account anymore. So the HYS’s only growth right now is interest. Buying a house has moved from a short term goal to a long term goal since I’m renting now. Some more short-term things I’d like to put money toward are some dental work ($5k) and other minor medical procedures. ⁠ • ⁠ How old are you? What country do you live in? - **age 26, United States** • ⁠Are you employed/making income? How much? - **about $52k gross guaranteed from FT job, with additional freelance work that usually adds a few thousand (after taxes****,** **benefits, retirement contributions, etc. my take-home is $3k+/month)** • ⁠What are your objectives with this money? (Buy a house? Retirement savings?) - **short-term: medical stuff, vacations, increasing general savings; long-term: buy a house** • ⁠What is your time horizon? Do you need this money next month? Next 20yrs? - **Dental work within the next several months. Other medical procedures are not urgent (but still wanted). Don’t currently have a timeline for the home now that I’m in a good rental, but I just want to be prepared to take that step at some point.** • ⁠What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it’s 100% safe?) - **I am a control freak that hates risk. But I’m open to mild/moderate risk-taking if I know what I’m doing (or I can hire somebody that knows what they’re doing).** • ⁠What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?) - **Liquid: HYS, emergency savings, checking. Just opened a 457(b) and started with 5% of paycheck each month. Main retirement plan is a separate pension.** • ⁠Any big debts (include interest rate) or expenses? - **No debts. Credit cards get paid off each month.**

NotMe357

"BREAKING: Iranian forces are considering striking US assets beyond the Middle East, particularly in Europe, if Donald TACO escalates the war, per FT" Aww c'mon! Leave us Europoor alone!

WonderfulWorld3326

Leopold Aschenbrenner holds the record for biggest trading loss in July, per FT.

HamSand-a-wich

Really insightful post thank you. Strain continues to spread in the private credit market as reported by the FT only yesterday - https://giftarticle.ft.com/giftarticle/actions/redeem/ae85c75d-46ba-4fa0-97aa-2e963775146f Jamie Dimon, cockroaches etc!

AwkwardJuggernaut854

>Strain is spreading across private credit portfolios, with some of the largest funds taking writedowns and warning about problem loans as the industry faces its biggest challenge in almost a decade. >The value of troubled loans held by some of the biggest private debt investors has reached levels last seen in 2017, when the industry was dealing with a hangover from an oil price crash, an FT analysis of figures from fixed-income data provider Solve has found. >Loans placed on non-accrual status by the 20 largest publicly traded business development companies (BDCs) — listed funds that invest in private credit loans — climbed to a median 2.8 per cent of their cost in the second quarter, up from 2 per cent at the end of March. >The non-accrual demarcation is one signal of stress in the private credit industry, indicating borrowers have either stopped making payments on their loans or that a fund believes a borrower may soon default on its obligations. >David Golub, co-chief executive of private credit investment firm Golub Capital, told investors earlier this month that there was “elevated credit stress” as the industry grappled with a rise in defaults and problem loans. >“We’re in a credit cycle,” Golub said. “Others denied it for a while. I don’t think there’s a lot of denial any more.” >Analysts at Fitch Ratings last week warned that private credit defaults had hit a new record in July. Separate data from PitchBook LCD showed the biggest publicly listed BDCs shrank again in the second quarter as funds were hit with impairments and as sales and repayments of loans outpaced commitments on new deals. >Listed vehicles managed by KKR and Blue Owl, as well as one run by Apollo Global known as MidCap Financial, were among the funds in which repayments outstripped new lending in the quarter, with executives at KKR pointing to limited dealmaking and its push to exit certain loans. The firm’s listed fund, FS KKR Capital Group, reported that 7.1 per cent of its loan book was troubled in the second quarter, a slight improvement from the prior quarter but still far above the industry average. >The figures underscore the challenge facing the private investment industry, which wagered heavily on private credit as a major source of growth as it looked to invest money for insurers, retirees and wealthy individuals. >The rapid ascent of these vehicles and the lucrative management fees they throw off sent valuations of groups such as Blue Owl, Ares Management, Blackstone, Apollo and KKR soaring. But a deluge of outflows as private credit returns swooned has weighed on the cohort’s shares. >Industry titans have acknowledged that after a long period of relatively muted defaults, bankruptcies and restructurings were beginning to move back towards their long-term average. >“We are . . . conserving our capital, maintaining ourselves in a more defensive and risk-averse posture,” said Armen Panossian, the co-chief executive of Oaktree’s credit arm. “We really want to be able to lean into the market on the back of what we think will be more volatility . . . Beneath the surface, there’s cause for concern.” >Beneath the surface, there’s cause for concern Armen Panossian, Oaktree >But many executives across the $2tn asset class believe that the alarmism surrounding private credit’s troubles is overblown, with several blaming the media — including the FT — for the outflows weighing on the asset class. >On earnings call after earnings call, senior leaders said most of the loans they underwrote continued to perform well and that the earnings of the average business they lent to were growing. >Craig Packer, Blue Owl’s co-president, told investors in one of the firm’s funds that “credit metrics are healthy and the issues we are managing remain isolated.” >Jim Miller, who runs Ares’ US direct lending business, said borrowers were in “solid” shape, noting that “interest coverage and leverage levels were generally consistent with our five-year average.” >Some of the optimism belies the complicated picture ahead for the private credit industry, which collectively holds thousands of loans to businesses across the globe. While software companies, which account for a substantial portion of BDC portfolios, have reported revenue growth, it is unclear how durable that growth will be as corporate spending shifts to AI. >Much of the pain already seen has been centred on investments the funds helped finance between 2020 and 2021, when interest rates were near zero and private equity groups went on a buying binge while valuations were elevated. >Many of those companies are now struggling to service their debt as interest rates have climbed, with executives on earnings calls repeatedly pointing to that cohort as the source of trouble. >Higher borrowing costs have “starved some businesses from investing”, said Bryan High, head of Barings’ global private finance team. “They are using all the cash they are generating to pay interest to lenders and so growth for some businesses wasn’t as strong as it could be.” >During the quarter, lenders including Blackstone and KKR marked down the value of a loan they had extended to software group Medallia. Private equity firm Thoma Bravo had turned the business over to lenders earlier in the year, throwing in the towel on a $5bn equity cheque. Blackstone’s fund marked the investment at less than 50 cents on the dollar at the end of June, down from 60 cents in March. >Ares’ fund wrote down the value of its loan to the human resources software company Cornerstone OnDemand, while lenders including Blackstone and KKR took over dental services company Affordable Care after it defaulted on its debt. >The weakness has been captured by the drawdown in BDC share prices, with listed BDCs managed by KKR and BlackRock down more than 15 per cent over the past year. The fund managed by Apollo has lost 14.5 per cent for investors over the same period. >Others have rebounded from their lows and are either back in the green or flirting with a positive return, including funds managed by Goldman Sachs, Ares and Golub. >Some firms, including BlackRock, have restructured their portfolios. The firm’s vehicle, known by the ticker TCPC, sold a $523mn block of loans in a bid to shore up its balance sheet. Executives said they had hired bankers to explore options for the vehicle’s future, which could include selling off its assets and winding it down. >Others, including KKR’s troubled vehicle, have waived some incentive fees. >Mitchel Penn, an analyst at Oppenheimer, noted that the sell-off in BDC share prices meant funds were “priced for death”. His own research showed that on average over the past five years, funds in the bottom quartile were generating returns on equity below the yield on a 10-year Treasury. >“Underwriting wasn’t as good as it should have been,” he said. “They weren’t as picky.”

systemsandstories

FT feels better for broader global coverage, while WSJ more sense if your focus is mostly us markets

Snoo12267

when my coworker and I (we were 48 at the time) worked at the VA, the VA automatically gave you 1% and then matched 3-4% with what you put in. She refused to contribute because she said her mother was rich and she was an only child. The kicker was her husband was a finance guy. Finance!!! I could not wrap my head around it. I think about her from time to time wondering if her mom ever needed FT nursing care because that’ll wipe out a nest egg, with what they charge.

2020isgreat

JUST IN: OpenAI shuts down team responsible for assessing whether its AI models could pose "catastrophic risks," FT reports.

Low_Refrigerator3723

I cant find a bypass website that works. Do you have any? and does what does financial juice and first squawk do? Is their tips better than wsj/FT/The economist?

bzl33

> BREAKING: Anthropic investors are betting the company could reach a $2 trillion-plus valuation in an October IPO, potentially making it the largest stock market debut ever, per FT

ClockFair8193

Guess you can just keep dumping your FT jobs checks into ur Robinhood and pray for the best. Lol

PsychoSynthesizer

FT today: OpenAI and Anthropic in price war as Chinese AI rivals gain ground...."OpenAI recently said that it was slashing prices for GPT-5.6 Luna, its “fastest and most affordable model”, by 80 per cent."....no one seems to give a tuppenny fuck

iCuriousClaim

breakers on WEN Investor Nelson Peltz Prepares Bid For US Burger Chain Wendy's- FT

GneissFrog

>POORER AMERICANS ARE STRUGGLING TO MAKE ENDS MEET, TOP FED OFFICIAL SAYS — FT Financial Times going for a Pulitzer with hard hitting investigative journalism

systemsandstories

FT feels better for broader market context, but id try a month before committing to the print bundle

Low_Trust2412

Seems pretty accurate on the factual stuff.  Most of the larger incidents reported there end up also being reported in the WSJ and FT.  I dont read the editorial content in any of those publications, cant comment on that stuff.

mayorolivia

FT says as soon as this afternoon

Gorm_the_Old

For those wondering what happened, the FT just dropped a big piece that says that NVDA is working with Wall Street to line up $500 billion in data center financing.

No_Presentation9490

Wall Street giants partner with Nvidia on $500 billion AI datacenter financing deal, FT reports Yep that'll do it gg

Boheed

FT reports hyperscalers have uncommenced lease commitments worth $1 trillion that don't need to appear on balance sheets until the lease starts.

WrexyWrex

The interest in using the [\#Arctic](https://x.com/hashtag/Arctic?src=hashtag_click) region for shipping has also been shown in a rise in [\#orders](https://x.com/hashtag/orders?src=hashtag_click) for ice-class [\#vessels](https://x.com/hashtag/vessels?src=hashtag_click). There were 167 constructed last year, the highest level in more than a decade, while a further 164 are due to be built this year, chart [@FT](https://x.com/FT)

librariancap

Link to May 2026 FT article posted separately because links to paywalled articles risk being deleted: [https://www.ft.com/content/a67248e7-f819-4dba-b0f7-3847df0a75f3?syn-25a6b1a6=1](https://www.ft.com/content/a67248e7-f819-4dba-b0f7-3847df0a75f3?syn-25a6b1a6=1)

DandadanAsia

[US workers who are functionally illiterate earn roughly the same per hour as the average British worker](https://x.com/FT/status/2085639365867286759?s=20) wtf Financhial Times! why u gotta call me out like that?

Happy-Champion1661

I got 10% from FT and others, 40cent seems genuinely too big of a discount for not so toxic assets idk if they bought him to avoid a collapse of the market, that's bad. If they just liquidated him, then I'd be bullish overall we might also not get any rate hike this year, which would be huge.

VTI4LYFE69

JUST IN: “Functionally illiterate” U.S. workers now earn roughly the same per hour as the average British worker. — FT

separatebaseball546

> Washington’s sale of euros to boost the yen late last week blindsided the European Central Bank, with the US only informing its counterparts in Frankfurt after the historic currency intervention. > > The ECB was made aware of the US’s move to sell euros to buy yen on Friday after the trade had been executed, according to several people familiar with the matter. > > ECB president Christine Lagarde and Treasury secretary Scott Bessent spoke about the intervention on Saturday, one of the people said. > > The lack of co-ordination highlights the unusual nature of the first joint Washington-Tokyo effort to boost the yen in almost 30 years. Typically, the US would have been expected to use dollars in such an operation. > > Some senior ECB officials viewed the US decision to use euros in its trade as an unprecedented breach of longstanding conventions on co-operation between western monetary authorities, the people said. > > Since the second world war, western central banks and finance ministries have stressed mutual trust and consultation, with previous interventions in currency markets usually happening in a co-ordinated manner. > > Washington’s sales of euros, carried out by the New York Federal Reserve on behalf of the US Treasury, were “very striking” and “sad”, one person familiar with discussions among European policymakers told the FT. > > “This has never happened before,” they added, saying that decades of close co-operation between western central banks that fostered financial stability and economic growth may have come under threat. > > A Treasury spokesperson told the FT that the US finance ministry did not co-ordinate decisions on the allocation of reserves within the department’s Exchange Stabilization Fund, which it used to undertake the intervention, with foreign authorities. > > “Decisions regarding the allocation of the Exchange Stabilization Fund are made by the US Treasury, taking into account assessments by the Treasury and the Federal Reserve of market liquidity, valuations and other relevant considerations,” the spokesperson said. > > “Consistent with that authority, the Treasury reallocated reserve assets within the ESF last week,” the spokesperson added. > > A senior Trump administration official noted that “we respect the confidentiality of private discussions with our international counterparts, unlike the ECB”. > > The ECB and New York Fed declined to comment. > > The American authorities sold euros as sales of dollars could have been perceived as a move to weaken the US currency and undermine Bessent’s strong-dollar policy. > > Economists and analysts have also speculated that Washington joined Japan in intervening to keep Tokyo from selling Treasuries at a time when long-term American borrowing costs are running near 19-year highs. > > Analysts suggest, based on provisional data from the Bank of Japan, that Japan alone may have spent approximately ¥13.8tn ($87bn) over two days to support the yen. > > “Japan appears to have committed more funds in just two trading days than during its previous record intervention campaign [of ¥11.73tn in April and May], underscoring the authorities’ concern over the rapid depreciation of the yen,” said Mizuho analyst Masayuki Nakajima. > > The interventions by the US and Japan pushed the yen sharply higher from almost ¥164 to the dollar earlier this month, its lowest level since 1986, to about ¥157. It has since weakened to ¥158. Traders have warned that concerns linger that the BoJ is not moving quickly enough to contain rising inflation. > > While the BoJ held interest rates steady at its most recent meeting in July, governor Kazuo Ueda said: “We believe there is a greater need than before to pay attention to upside risks to inflation.” > > Traders are putting a 50 per cent chance that the BoJ will increase interest rates at its next meeting in September. > > The moves in Japan have come alongside a sharp jump in long-dated Treasury yields, as traders have been pricing in an increased risk that the Fed may not raise interest rates from current levels. While inflation in the US eased in June, it remains far above the Fed’s own 2 per cent target.

IvoryTowerResident

[https://ca.finance.yahoo.com/news/kevin-warsh-opens-door-surprise-173401450.html](https://ca.finance.yahoo.com/news/kevin-warsh-opens-door-surprise-173401450.html) FT reported it first but its paywalled but this is basically the story

pink_ego_box

Today the FT "leaked" that warsh would vote for it. Just like they keep "leaking" that the Hormuz quagmire is fixed every time the bonds explode They can't afford to hike 40 Trillion debt

NotMe357

"BREAKING: Fed Chair Kevin Warsh is reportedly prepared to support a rate hike in September, per FT"

95Daphne

Surprised that nobody has mentioned that Kevin Warsh is apparently prepared to support a rate hike next month? Source: FT

rampagepete

leaking thru FT this am is weak. just stand on business and say what you need to say in the fed meeting shrug also go dawgs 🐾

Negative-Reason4570

That’s some of the dumbest advice ever. I’m a FT trader and there are very few times to buy a strangle. For every 1 time it works, the other 100 times it doesn’t. Lots of money to be made selling options to people doing shit like this. Do I buy options, absolutely but only when I think there is a greater than the expected move. I also do spreads a lot. Debit and credit spreads. But just blindly buying both sides is a quick recipe for liquidation

Electronic_Sun2127

Following. Deciding between FT and WSJ too.

Jarlaxle_rigged_it

All these financial news websites are lying scum. Latest being FT. Fucks

Paul_Robert_

Yep, here's me losing a banbet 14d ago: https://www.reddit.com/r/wallstreetbets/s/tu8FT7lL2z And I've been commenting non-stop every day since 😅

dtlabsa

Let's go M$FT, $2 away

dtlabsa

If M$FT break $500 ima nut my pants

NoOneMan79

Hey, Im about 1/4 of work though trading agent. Right now its simply RAGs (8000 entries among 25 books), uses quant and trading heuristic tools, and can pull live data. Nothing special yet. Just want a gut check on AI slop and would love any feedback: HTZ Short-Squeeze Investigation 1. The Squeeze Claim — What the Data Actually Shows Metric Value Verdict Short Float 28.66% (97.54M shares) High — above the \~20% threshold where squeezes become possible, but far below GME-style extremes (>100%) Days-to-Cover 5.95 days Elevated, not extreme. Shorts can exit in \~6 days of avg volume — a squeeze would burn fast and short Institutional Own 104.88% Consistent with heavy shorting (borrowed shares re-lent) Price $1.61, at 52-wk low ($1.55), −80% from high Deeply beaten down — 52% below SMA50, 66% below SMA200 RSI(14) 29.1 Oversold — fuel for a reflexive bounce Catalyst Earnings Aug 6 BMO (3 days) The binary event that would ignite or kill the squeeze The fundamentals are genuinely ugly: −$637M net income, negative book value (−$2.49/sh), EV of $19.8B against a $579M market cap (massive leverage), active securities class-action lawsuits, and a −40% single-day crash on June 24. Analysts are mostly Sell-rated, though the mean target is $3.09 (\~2× spot). A July 7 FT piece noted shorts covering has actually been propping the stock up — some of the squeeze fuel is already spent. Verdict on the claim: This is a speculative squeeze candidate, not a high-quality one. High SI + oversold + tiny price + earnings catalyst = real squeeze potential, but you're betting against a violent downtrend in a company with a non-trivial bankruptcy tail. 2. The Options Market — Where the Trap Is I computed IV from Friday's closing option prices and realized vol from 3 months of daily candles: Contract IV Aug 7 weeklies (post-earnings) 245–262% Aug 21 122–148% Sep 18 125–157% Dec 18 114–124% Term structure is inverted — the market is charging you 2× the vol for the earnings window. Buying Aug 7/21 calls is the classic retail trap: even if HTZ pops +10% on earnings, the post-earnings IV crush (my model: −0.05 to −0.12 per contract on a 30–40pt crush) plus theta (−0.45 to −0.53¢/day on Aug 21s) can make a correct directional bet lose money. The December calls are the cheapest vol on the board (114–124%, roughly in line with realized) — that's where you want to be. The rules engine (818 rules evaluated) largely agrees: it fired low-price-call-preference (Graham: sub-$10 stocks favor long calls, 0.7) and pre-earnings-backspread (0.7), while warning against weeklies (avoid-trading-near-earnings, 0.8) and against fighting the downtrend (avoid-long-call-on-non-up-trend, 0.7) — which is why sizing discipline below matters. 3. Recommendation If you play the squeeze, the December bull call spread is the best risk-adjusted structure (Friday closing prices, verify live Monday): Structure Cost Break-even Max Profit Core: Dec 18 $1/$2 call spread $0.43 $1.43 — below current price $0.57 (+133%) Kicker: Dec 18 $2/$3 call spread $0.14 $2.14 (+33%) $0.86 (+614%) Alt: Dec 18 $2 call outright $0.33 $2.33 (+45%) Uncapped The $1/$2 spread minimizes break-even exactly as you asked: $1.43 is \*under\* spot, its long leg is 0.85 delta with minimal net vega, and it shrugs off the earnings IV crush. The $2/$3 kicker keeps the explosive upside for 14¢. What to avoid: \- ❌ Aug 7/Aug 21 calls — 245%+ IV, theta, and crush will gut them \- ❌ Buying 1,000s of shares — no theta, but unlimited downside in a downtrend with a binary event in 3 days; options cap your loss at the debit \- ❌ Selling puts for "income" — assignment risk into a potential delisting/bankruptcy scenario \- ❌ Puts — the honest bear case exists (terrible fundamentals, downtrend), but that's the opposite of your squeeze thesis and IV makes them expensive too Timing: Split entry. \~½ Monday Aug 3 (before the Aug 6 BMO earnings — you must hold through it for the squeeze pop, and the Dec structure limits crush damage), \~½ reserved to add post-earnings either on the squeeze continuation or on the IV-crushed dip. Use limit orders at mid or better — these quotes are Friday's closes and spreads on $0.10–0.70 options are wide. Sizing (this is a lottery ticket — treat it as one): Risk 0.5–1% of portfolio maximum. On a $100k account: \~12× Dec $1/$2 spreads ($516) + \~14× Dec $2/$3 spreads ($196) ≈ \*\*$712 total risk\*\*. Never add to a loser here. Exit plan: Squeezes are measured in days, not weeks — scale out ⅓ at +50%, ⅓ at +100%, trail the rest. Hard stop if HTZ breaks \*\*$1.00\*\* (NASDAQ delisting threshold changes the game entirely) or if it closes below $1.43 pre-earnings on heavy volume. If earnings pass with no squeeze, exit within a week — the thesis is dead.

xeuropa

**AstraZeneca in talks with Bristol Myers Squibb on $400 billion megadeal, FT reports**

Yossarian_Matrix

FT has reported that he intel drop after earnings was due to Leo selling shares to pay margin calls elsewhere. Bloomberg News reports traders linking the post FOMC sell off more to the SA unwind than macro factors. 

Full_Pear449

The Federal Reserve Bank of New York sold euros for yen ‌on behalf of the Treasury through Goldman Sachs  and Morgan Stanley, the FT said, citing people familiar with the matter. The report did not indicate any amounts of yen purchased. Euro for yen sale. Dollar or Euro selling continuation on Monday may be a sgn to reevaluate Yen Carry trade

Important-Range166

You make a very valid point. So let’s explore this. What is MSFTs real economic capex and liability exposure this year? $200 billion or whatever Amy Hood said? No, it’s more like $500 billion. Wait WHAT! ? Microsoft has over $329 billlion in off balance sheet lease obligations. That number increased by over $230 billion in one year from FT25. Additionally they have some take it or pay obligations for memory and other items. Now why does that matter? Because based on GAAP accounting rules, you don’t recognize a liability until the lease is signed and operational. But the economic reality is you have to pay for a lease you sign and promise to use. Work is being done based on their RPO to get things up to speed so when the lease starts, they are ready to go. So while it appears their NOI is worth applauding, it is masked by chicanery that is perfectly legal but not very practical to give you a good picture of their exposure. They also shifted their leases from 10 years to 25 years by moving them from finance to capital. This isn’t illegal either, but it extends the useful life and also masks ROI by making it appear higher when in reality, they still owe the same amount regardless but will report it in smaller pieces. So how does that come back to what you said. If Open AI is not profitable and exhausts investor patience and borrowing power, they can’t pay something they don’t have actual money to pay. This crushes the most valuable part of MSFT’s RPO because frontier lab workloads are highly profitable and have the highest growth profile. MSFT however has very strong credit, so they will still be on the hook for their leases whether Open AI bombs or not.

Tough-Cream5765

1. 99% chance on polymarket for no cuts this year. Fedwatch dot plot instead showing rate hikes with higher probabilities from October to December. 2. JUST IN: 🇯🇵 Japan sells US dollars and buys yen in massive currency intervention after yen falls to 40-year low. 3. JUST IN: 🇰🇷🇺🇸 South Korea sells US dollars in rare market intervention to strengthen the won. 4. US 10,20,30 year yields topping to historic level of 2008 financial crisis. 5. 🚨 BREAKING: The US economy grew at an annualized rate of 1.5% in Q2 2026, slowing from 2.1% in Q1 and missing the 2% forecast. Lower government spending, business investment and exports weighed on growth, while stronger consumer spending provided some support, FT reports. The slowdown comes as the prolonged Iran war drives energy prices higher, keeping inflation elevated and complicating the Federal Reserve’s interest-rate outlook. Every macro indicator above doesn’t justify the rally other than the only reason of greed. I never like Cassandra but currently I am aligned with him and proceeding in similar direction for this mkt.

IwasLuckythatDay

No, his company is bailed out by Citadel according to FT.

Spirited-Lawyer-8281

I don't have FT subscription but sounds like the kid is calling investors and banks for help in doubling down after getting rinsed.

Icy-Dimension2914

There’s an FT article out just now but it’s light on specifics

jonneh

This dude was considered a genius like two months ago 😭😭 (FT) -- Situational Awareness, the $20bn hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks.

Spirited-Lawyer-8281

META renting DC space and now Nvidia is self-leasing data centers with its own hardware. Things are going to unwind hard. [Nvidia behind $50 billion lease on Texas data center, FT reports](https://www.msn.com/en-us/money/companies/nvidia-behind-50-billion-lease-on-texas-data-center-ft-reports/ar-AA28PzvJ?ocid=BingNewsSerp)

Spirited-Lawyer-8281

[Nvidia behind $50 billion lease on Texas data center, FT reports](https://www.msn.com/en-us/money/companies/nvidia-behind-50-billion-lease-on-texas-data-center-ft-reports/ar-AA28PzvJ?ocid=BingNewsSerp)

HarryBallZach812

The year is 2029. WSB has made a full transition into a dry goods bartering sub ISO: Pinto beans, rice FT: Canned sliced carrots LMAO

CD274

Investors use crypto exchanges to avoid Beijing’s controls on AI stocks - FT 🤔

librariancap

Financial advisors are not a good idea, especially at the $5-10k asset size range. Personally I think Berkshire Hathaway can be a good destination for his funds. Warren Buffett's advice to his wife, however, is not Berkshire Hathaway but a low-cost (Vanguard) S&P 500 index fund: >**"Warren Buffett tells wife: go cheap and passive" (FT, March 2014)** >Warren Buffett issued some startlingly simple financial advice in the latest Berkshire Hathaway annual report, along with an extraordinary vote of confidence for Vanguard. >Writing about the instructions laid out in his will, Mr Buffett said his advice for the cash left to his wife was that 10 per cent should go to short-term government bonds and 90 per cent into a very low-cost S&P 500 index fund. >“I suggest Vanguard’s \[S&P 500 index fund\],” wrote Mr Buffett, adding that the long-term results from this policy would be superior to those attained by most investors, whether pension funds, institutions or individuals, that employed high-fee managers. >Mr Buffett highlighted the benefit of cheap tracker funds, writing that the goal of the non-professional investor should not be to pick winning stocks but to own a cross-section of businesses that in aggregate were bound to do well. >He also attacked active investing, saying individuals and institutions were constantly being urged to buy and sell assets by those who profited from giving advice or effecting transactions. >He noted that the resulting frictional costs of trading could be “huge” and “devoid of benefit” for investors in aggregate. >“So ignore the chatter, keep your costs minimal, and invest in stocks as you would in a farm,” wrote Mr Buffett.

Traditional_Lead8214

Companies - Hold my beer Companies turn to Chinese AI models to cut costs - https://giftarticle.ft.com/giftarticle/actions/redeem/c3b33fd5-4b1e-49bf-996a-0c5767f8da3a via @FT

Gullible_Ad3785

Damn FT is reporting that hedge funds are feasting on the corpse of Musk's ambitions. 30% of the shares are being borrowed to short.   LMAO lmao the regards financially engineered an all time turd before the first lockout period ends.

trsx5

Trump Media is reportedly seeking up to $100,000/month from hedge funds & traders for "millisecond-fast" access to Trump’s posts. — FT lmao wtf? HELLO CONGRESS??

ZYHUA

China Kimi K3 to release open weight model today on-par with Anthropic Fable --FT

OrlandoDeBois

FT

ZappRowsdour

The only thing I remember seeing was something from the FT saying Google basically couldn't provide as much Gemini capacity as Meta wanted to use, and as described it sounded sort of like a rate limit.

NotMe357

Today's first fake pump news: "Dubai plans new port to bypass the Strait of Hormuz- FT"

SOROKAMOKA

According to an FT article the Koreans are selling their stocks and using the money to buy property.

SOROKAMOKA

Read an article in the FT talking about quantum computing stonks, and I think the title was "schrödinger's cat bounce" and it made me chuckle

tropicalia84

>US sends team to Beirut to shore up Israel-Hezbollah ceasefire - FT. # NEW SPY ALL TIME HIGHS MONDAY FOLKS

jerome-yellen

US sends team to Beirut to Shore up Israel-hizbollah ceasefire- FT

razeusv2

Hmmm, I wonder if MS FT is down today. *checks Yahoo Finance* Yes, of course it is.

jonneh

Anthropic killing the game and these two are getting desperate 💀 > (FT) -- OpenAI and Google sell AI models to blacklisted China tech companies > > The US companies confirmed to the FT that they have been supplying AI services to Singapore-based subsidiaries of Alibaba, Baidu and Tencent, which the US government has accused of working with China’s military.

SnooHedgehogs5162

APPLE HAS STARTED TESTING CXMT’S DRAM FOR APPLE DEVICES SOLD IN CHINA — FT And people buy memory stocks? 😂

SOROKAMOKA

FT reported that many Koreans are taking their stock gains and buying property. President is urging folks to stop because property prices are sky rocketing and creating a bubble. Also I guess he is trying to pump kopsi

slowpoke2018

We hire the US roles FT as we can move them to the bench between contracts which we can't do with those contractors we hire in Mexico.  And yes, we pay below market though I have zero to do with what or how our deal desk sets as the going rate for each project 

An_Unusual_Mind

FT: USA -3, Belgium -2

Independent-Eye9513

USA shall prevail 2-1 FT

BarbellPadawan

“Bank of Korea to bring in J Powell as a special consultant to stabilise the KOSPI.” -FT

glass_wheel

Agreed that people should read the article, and more people doing that would resolve a lot of confusion, but it would also be good for CNBC to not write headlines this way. Comparing it to the headline of the FT report that CNBC is referencing, "Google caps Meta’s Gemini use as AI demand strains capacity" at least mentions capacity, although even that is written in the common, roundabout "X happens as Y happens" framing that leaves it up in the air what the actual cause and effect are. 

Maverixk_

The title of the FT article: Apple seeks to buy memory chips from blacklisted Chinese company Apologies I guess they’re wrong and you, dustsmoke, got it right

Hot_Philosopher_6558

# Apple seeks approval to buy chips from blacklisted Chinese company, FT reports extremly bullish for mag7 capex spending if true, means they have better margin and more money to spend on innovation, hope it gets approved

drytexterfinalboss

APPLE SEEKS U.S. APPROVAL TO SOURCE MEMORY CHIPS FROM CHINA’S CXMT: FT Uh oh memory "dip' buyers LMAO 🤌

NotMe357

Apple seeks U.S. approval to buy memory chips from China’s CXMT, FT reports "Investing.com -- Apple is lobbying the TACO administration for approval to source memory chips from Chinese manufacturer CXMT, despite the company being included on a Pentagon blacklist over alleged ties to China’s military, the Financial Times reported on Friday. Track Apple, AI, and semiconductor stocks with InvestingPro – now 50% off The report said Apple has been seeking assurances from the Commerce Department and other administration officials that buying chips from CXMT would not trigger future restrictions, as the iPhone maker looks to ease pressure from rising memory chip prices. Apple is not prohibited from purchasing chips from CXMT or fellow Chinese memory maker YMTC. Both companies, however, are listed on the Pentagon’s Chinese Military Company list, which carries reputational risks even though it does not generally prohibit commercial transactions. The effort comes after Apple raised MacBook and iPad prices by 20%, citing higher memory costs. The company is looking to diversify its supply chain as tighter industry supply and strong AI-related demand continue to push up DRAM prices. CXMT has rapidly emerged as China’s national champion in the DRAM market and recently received approval to pursue a listing in Shanghai. The company is seeking to challenge established suppliers by expanding production, aided by government support, as China works to build a more self-sufficient semiconductor industry. Outside China, the global DRAM market remains dominated by Samsung Electronics, SK Hynix, and U.S.-based Micron Technology. Apple relies on all three suppliers for memory used in its devices, making any addition of CXMT a significant shift in its sourcing strategy. Micron has been one of the biggest beneficiaries of the AI boom, with strong demand for high-bandwidth memory (HBM) used in AI servers tightening supply across the broader memory market. The resulting shortage has also lifted prices for conventional DRAM used in smartphones, PCs, and other consumer electronics. Western Digital spin-off SanDisk remains focused on NAND flash memory rather than DRAM, supplying storage chips used in smartphones, PCs, and data centers. Although it does not compete directly with CXMT, higher memory prices and changing supply dynamics across the semiconductor industry could influence demand and pricing across both DRAM and NAND markets. The report said it remains unclear whether the White House would support Apple’s request, particularly given congressional opposition to expanding commercial ties with Chinese semiconductor companies viewed as strategically important." --- Investing.com

gnanwahs

\*APPLE SEEKS US CLEARANCE TO BUY MEMORY CHIPS FROM CXMT: FT $MU down 10% Monday

yayahi

Apple Seeks US Clearance to Buy Memory Chips From CXMT: FT Memory limit down Monday

tachyonvelocity

Memory is on a timer: Apple lobbies Trump administration for approval to purchase memory chips from CXMT - FT

Smurf_Crime_Scene

Spacex yields are junk-level according to FT. 

mikeedla

FT, i'm out enjoy my $500

Unfair_Adeptness_838

Hope FT made a bank shorting META. Recipe is simple: 1. find struggling stock 2 buy putz 3. publish negative news that might not materialize 4. profit

razeusv2

Fuck it. Today is the day I sell MS FT. I was up as much as 40% at one point and it's gone way down so I'll break even. What a joke of a stock.

Odd_Bend_7919

Meta will not be increasing their float by 25%, that implies a 350 billion raise? If in line with the Goog raise it will likely be 60 billion representing a 4.28% dilution. Again this was just speculation from a FT article and dismissed by Meta. IMO complete market over reaction.

chessmathster16

MS(oft)FT needs some HIMS