IBM shares plunge 23% on profit warning
Company blames sluggish customer spending on AI infrastructure as tech group signals it will miss market expectations
Dinosaurs are selling for millions. Do collectors know what they’re buying?
As heady prices make headlines, new collectors are plunging into a market with scant agreement on standards and transparency
Oil hits $87 as battle for Strait of Hormuz alarms energy markets
Stocks and bonds hit by higher oil price as fears rise over renewed inflation shock
Number of farms up for sale in England hits two-decade high
Rising costs, falling subsidies and inheritance tax changes have hit demand for agricultural land
DeepMind chief Demis Hassabis calls for US-led body to test ‘frontier’ AI models
Society has ‘precious window’ to prepare for technology advancing at historic speed, warns Nobel laureate
The Fed and BoE have a trust deficit
Loss of faith in central banks could be driving up long-run inflation expectations
On Daughter From Hell, Gracie Abrams takes a (very polite) gothic turn
Lyrics of suffering and violence are set to picturesque mood music on the artist’s third album
From spicy claypot chicken to ‘digitally enabled technology infrastructure player’
A daring pivot
UK ‘wasted’ nearly £10bn on PPE during pandemic, inquiry says
‘Vast’ sums squandered in health crisis, report finds, as it criticises so-called VIP lane for procurement
Commercial fusion race shifts from laboratories to supply chains
Investment rises in the sector in the hope that it can provide abundant carbon-free electricity
Democrats are not in great shape
A fractious opposition is doing everything it can to spurn an open goal
UK borrowing costs hit highest level since May as oil surges
Ten-year yield back above 5% just days before Andy Burnham set to become prime minister
Boomers, not Gen Z, are the generation cutting back most on alcohol
New research overturns assumption that abstinent younger drinkers are behind weak demand
FirstFT: Chinese car exports surge
Also in today’s newsletter: oil surges above $85 a barrel and Wall Street’s ‘Super Tuesday’
DeepSeek weighs new fundraising a month after closing first round
Unusually swift pace of capital injection comes as Chinese AI start-up seeks to build out infrastructure
The payments darling in Trump’s crosshairs
US tariff threats against Brazil over payments platform Pix provoke a political storm ahead of elections
Are these the greatest crisps on earth?
First Brets overtook Lay’s – now it’s got its sights on Walkers
World Cup shows US is ‘golden market’ for football, says Major League Soccer boss
Tournament has generated record US television viewership for football
We are not on course for a Nato divorce — yet
The best possible case is US support in the short term and European rearmament over the next two to three years
Watches of Switzerland defies luxury slowdown with strong US sales
High-end timepieces retailer reports 13% jump in sales to £1.83bn
Wall Street banks post blockbuster profits as equities trading booms
JPMorgan, Goldman, Citi and BofA kick off earnings season with strong results
ECB recruits digital euro critics for pilot
Deutsche Bank, DZ Bank and Groupe BPCE among 36 institutions selected for test of digital currency next year
Andy Burnham’s theory of government
His commitment to reining in outsourcing reflects his frustration at poor accountability
FTAV’s further reading
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