FT News Briefing

HSBC profits nosedive

Nvidia’s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft. Plus, Indonesia’s incoming president is creating concerns for the country’s democracy.  Mentioned in this podcast:<a href="https://on.ft.com/3uKjPDZ" rel="noopener noreferrer" target="_blank">Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265%</a><a href="https://on.ft.com/49Djth8" rel="noopener noreferrer" target="_blank">HSBC shares fall most since 2020 after profits plummet 80%</a><a href="https://on.ft.com/48ksz1r" rel="noopener noreferrer" target="_blank">Boeing ousts head of 737 Max programme</a><a href="https://on.ft.com/42PiNDp" rel="noopener noreferrer" target="_blank">What Prabowo Subianto’s presidential election win means for Indonesia</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. <a href="https://www.ft.com/content/f0931df6-9988-4c39-879b-b189f11288a7" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.