Amazon May Soon Top the S&P 500, Surpass Walmart in Revenue

In the Unlock the Editor’s Digest, FT Editor Roula Khalaf curates her top stories, including the UK Chancellor Rachel Reeves facing challenges despite a fall in borrowing costs, as the country's economic outlook worsens. Reeves' fiscal room for maneuver has improved due to a global bond rally and potential interest rate cuts by the Bank of England, but grim forecasts and lower growth estimates may impact the government's ability to reduce borrowing rapidly in the...

President Trump is advocating for the United States to take control of Gaza and relocate the Palestinian population, citing real estate development opportunities. Trump's family has significant business interests in the Middle East, including projects in Oman, Saudi Arabia, and Dubai. Jared Kushner, Trump's son-in-law, has investments in the region, including partnerships with LIV Golf and Israeli businesses. Full Article

In the Unlock the Editor’s Digest, Roula Khalaf, Editor of the FT, selects her favorite stories each week. Citigroup promoted over 8,000 employees at the end of 2024 after a restructuring, with a total of 31,000 promotions for the year and 344 new managing directors. Despite cutting 11,000 positions, Citi saw revenue growth in all main businesses, a 3% increase to $81bn, and profits up 33% to $12.7bn, aiming for a 10-11% return on tangible...

When Andreas Fichtner unspooled a fiber-optic cable into a deep hole in Greenland's ice, he discovered new insights into how glaciers move, picking up "ice quakes" reverberating deep within the ice. This challenges the traditional view of ice flow as smooth and uniform, suggesting that ice actually moves in a more complex, seismic manner. While this discovery sheds light on ice physics, its implications for predicting sea level rise and understanding ice sheet behavior remain...

PayPal cofounder Max Levchin, now CEO of Affirm, shared his experience of handling layoffs with empathy, admitting to initially avoiding responsibility but later realizing the importance of being present and supportive for affected employees. Levchin believes that helping laid-off employees pack their boxes was beneficial for everyone involved and emphasized the importance of trying to avoid layoffs in the first place. His approach highlights the significance of leadership showing empathy and support during difficult times....

Rev. Al Sharpton led a buy-cott at Costco in East Harlem to support the store's diversity policies post-Trump's anti-D.E.I. order, drawing criticism from leftists concerned about prioritizing class over identity politics; some argue unions are more effective in addressing inequality. D.E.I. programs in workplaces are seen as tools of management by critics, while supporters believe they can reduce prejudice and improve diversity, though they may fall short due to corporate resistance. The rollback of D.E.I....