Oracle’s enormous borrowing to fund a push into artificial intelligence computing has spooked investors, Sir Jim Ratcliffe’s heavily indebted empire, Ineos, is under increasing financial pressure, and we take a look at a glaring hole in US inflation data. Plus, the FT’s Sonja Hutson reports back from Bethlehem, Pennsylvania, as part of a new FT series.

Mentioned in this podcast:

Oracle hammered in tech sell-off over its huge AI bet

Ineos debt sell-off accelerates amid fears over European chemicals sector

‘Big Short’ investor Michael Burry to close hedge fund as he warns on valuations

The Bethlehem Project: An immigration raid divides a community

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Today’s FT News Briefing was produced by Henry Larson, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from 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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British chemicals empire Ineos feels the squeeze

FT News Briefing