Hey guys, it's Mark checking in from my time off.
I wanted to let you know about the FT Weekend Festival happening on Saturday,
September 5th at Kenwood House Gardens in London or online wherever you are.
Spend the day with FT journalists, leading voices,
and forward thinkers across business, politics, economics, culture, and the arts.
As a podcast listener, you're going to save 10% on tickets with the code FTPodcast.
Just visit ft.com slash festival to find out more.
We'll have that link in the show notes.
Good morning from the Financial Times.
Today is Thursday, July 30th, and this is your FT News Briefing.
Meta and Microsoft reported earnings yesterday.
And how much wiggle room does the new Fed chair have to keep interest rates on hold?
Walsh has been very, very consistent in terms of saying he will fight inflation.
However, that begs the question, why not raise interest rates?
Plus, UK oil and gas companies are giving the North Sea the cold shoulder.
I'm Sonia Hudson, in for Mark Filipino, and here's the news you need to start your day.
Remember in yesterday's show, the FT's Rob Armstrong laid out a dilemma
for big tech companies as they report their earnings.
Can one of these companies get the mix right of strong AI growth without the overwhelming and terrifying AI spending?
Get that balance wrong and investors will sell off the company's stock.