JPMorgan walks into another football firestorm

Amazon reported accelerated cloud growth in the quarter to the end of June, and JPMorgan has walked into another football firestorm as it works on a plan with Fifa. Plus, Citadel bought Situational Awareness equity holdings after the hedge fund suffered steep AI losses, and DR Congo’s cobalt boom carries an unwanted cargo: uranium.

Mentioned in this podcast:

Amazon shares surge higher after cloud business grows 37%

How JPMorgan walked into another football firestorm

European nations to boycott World Cup in protest at Fifa’s plans

Citadel buys Situational Awareness equity holdings after steep AI losses

DR Congo’s cobalt boom carries an unwanted cargo: uranium

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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