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Business
Peloton names Ford exec, Apple Fitness+ founder Peter Stern as new CEO to drive turnaround
Peloton on Thursday named Ford executive Peter Stern as its new CEO, tasking him with trying to turn around the beleaguered high-end fitness company. It's the company's third…
A thinning of the big private equity herd is coming
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Goldman Sachs banker at a recent investor event…
Trump Media shares plummet, costing former president more than $1 billion in net worth
Trump Media & Technology Group shares reversed course this week after rallying for over a month, and the correction shed more than $1 billion from the net worth of former…
How Rachel Reeves will reform carried interest taxation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK chancellor Rachel Reeves has announced…
United Airlines passenger pummels another flier in ‘vicious,’ bloody attack: report
A United Airlines passenger let out "blood-curdling screams" during a "vicious" attack by another flier on a San Francisco to Washington, D.C. flight this week, a witness…
Smith & Nephew cuts outlook on China weakness
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Smith & Nephew cut its annual forecast on Thursday as…
Stuart Varney: Joe Biden could be Kamala Harris' October surprise
During his "My Take," Thursday, "Varney & Co." host Stuart Varney argued that President Biden's repeated blunders and penchant for making news for all the wrong reasons…
Estée Lauder shares plunge as China sales slump prompts dividend cut
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Estée Lauder, the beauty company that owns Clinique and…
AmEx, Chamber of Commerce Foundation team up on grants for small businesses hit by Hurricanes Helene, Milton
American Express and the U.S. Chamber of Commerce Foundation are teaming up to provide funds for small businesses working to recover from Hurricanes Helene and Milton. The…
EU fines world’s largest generic drugmaker Teva for hindering competition
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Commission has fined Teva, the world’s…