PRESS RELEASE-Financial Times – 5 August

August 5 (Reuters) – The following are the top stories from the Financial Times. Reuters has not verified these stories and does not guarantee their accuracy.

Holders

Goldman credit card business under investigation by consumer finance watchdog https://on.ft.com/3zZ3z1O

Warner Bros Discovery bids time on ‘spend, spend, spend’ streaming model https://on.ft.com/3P2lnNN

Ofgem’s move to change UK energy price cap criticized by campaigners https://on.ft.com/3OU8LIs

US declares public health emergency due to rapid spread of monkeypox https://on.ft.com/3BGi9fK

Overview

Goldman Sachs has admitted it is struggling over its loss-making foray into retail banking, revealing that the US consumer finance regulator is investigating how it handles accounts in its credit card business.

Warner Bros Discovery has called time on Hollywood’s all-out bet on streaming, abandoning a growth-at-any-cost strategy in favor of a more traditional approach to selling its movies and shows for “maximum value”.

Energy regulator Ofgem confirmed on Thursday that the energy price cap would change every three months instead of twice a year.

The US government has declared a public health emergency in response to the spread of monkeypox in a move that will provide federal health agencies with additional funding and powers to fight the virus.

(Compiled by Bengaluru Newsroom)



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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!