Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets are no longer fully confident of a US interest rate cut before September, and the EU is turning to draconian tactics to curb migration. Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again.
Mentioned in this podcast: Alphabet shares surge past $2tn after search giant unveils first ever dividend Microsoft’s revenue and cloud sales beat expectations Biden dealt blow as investors scale back bets on pre-election rate cut Why is BHP bidding for Anglo American? BHP proposes £31bn takeover of Anglo American in mining mega-deal How Europe is paying other countries to police its borders The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino.
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