South Korea's labour minister wants tech firms to share AI windfalls

The argument is about who the AI boom is for. South Korea’s labour minister, Kim Young-hoon, has called on the country’s largest technology firms to share the windfall profits flowing from the AI-driven chip cycle, warning that record sector gains risk widening the gap between the conglomerates capturing them and everyone working below the top.

Goldman CEO says the bank's entry-level hiring may 'contract a little' as AI changes the talent mix

CEO David Solomon said Goldman will "still hire a lot of people out of school," but AI means the bank has to rethink how young workers learn.

SpaceX won’t make the S&P 500

Choose your index wisely

How Britain could afford to pay for war

Keynes’s 1940 financing plan contains lessons for the current government

Hedge funds bet against call centre stocks as AI threat grows

Outsourcing companies hit as investors see ‘clean’ disruption risk

Broadcom Suffers $285bn Rout as Revenue Outlook Disappoints

Chip company notches one of the biggest valuation wipeouts on record as shares drop 12% on Thursday

Big energy getting bigger

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Challenger says AI isn't a 'jobpocalypse' yet but companies are citing it the most when announcing layoffs

Challenger says AI is the No. 1 reason companies are giving for job cuts in 2026 thus far. In May alone, it accounted for 40% of cuts.

Tech groups find a new way to monetize AI hype: selling volatility

Elevated convertible bond issuance is, at heart, a response to the market being twitchier than usual

Databricks CEO: 2026 is a Terrible Year to Go Public

Databricks CEO Ali Ghodsi said 2026 is “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb over $200 billion in IPO capital. The $134 billion data company will wait for a quieter window.

Blackstone caps withdrawals from flagship private credit fund

Redemption requests surged to $4.5bn in second quarter

SpaceX IPO shows Musk’s genius is in mythmaking

How exactly the company plans to support its gargantuan valuation is not obvious