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Federal Reserve Chair Powell under criminal investigation over HQ renovation
The U.S. attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on the renovation of the central…
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K-Cup billionaire sells Palm Beach waterfront mansion for just over $66M after steep price cut
K-Cup billionaire Robert Stiller sold his waterfront mansion in Palm Beach, Florida, for roughly $66.14 million, just a few years after snapping up the luxury estate. Stiller…
Consumer sentiment rises above expectations in January but remains below last year's level
Consumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release from the University of…
Trump set to interview this final candidate before naming next Fed chair
Treasury Secretary Scott Bessent said President Donald Trump has one more interview to do before naming America's next leader at the Federal Reserve. Speaking at the Minnesota…
UK private equity firms sharply increase use of offshore funds
Stay informed with free updatesSimply sign up to the Private equitymyFT Digest -- delivered directly to your inbox.UK private equity firms have sharply increased their use of…
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Former Intel CEO warns US chip comeback still has long way to go
Intel unveiled new chip manufacturing milestones this week, but former Intel CEO Pat Gelsinger said the United States still has a long way to go to reclaim chip production…
California wealth tax proposal hemorrhages $1T as billionaires flee
Venture capitalist Chamath Palihapitiya says California’s proposed billionaire tax is accelerating an exodus of ultra-wealthy residents, a shift he argues will worsen and not…