Fed cuts rates amid growing division

The Federal Reserve cut interest rates by a quarter point, and Oracle shares fell on Wednesday after it reported disappointing revenues. Plus, there’s one conglomerate in Abu Dhabi dominating the economy and its ownership is in the hands of the royal family.

Mentioned in this podcast:

Federal Reserve cuts rates to lowest level in three years in divisive decision

Oracle shares slide as data centre spending mounts

How Abu Dhabi’s economy came to be dominated by IHC

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Sonja Hutson, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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