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Business
Microsoft, CrowdStrike, Delta: Who's really to blame?
The Delta Air Lines travel meltdown tied to CrowdStrike's global outage has turned into a blame game.Microsoft, CrowdStrike and Delta have all pointed the finger at someone else,…
Rheinmetall amasses record orders amid Ukraine and Gaza wars
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rheinmetall has amassed a record order book worth…
Some Americans to receive rare second Social Security payment in August
Some Americans will receive two Social Security payments in August, a rare occasion that is the result of a quirk in the system. Typically, the Social Security Administration…
Continental’s split could spark a European auto roll-up
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sometimes one person’s streamlining is another’s chance…
Ex-fast food CEO rips economists' US recession read: 'People are suffering'
The financial pressures of an economic recession aren’t so much based on the numbers, but rather a gut feeling, according to one former restaurant chain CEO who’s criticizing…
Funds offering protection from volatility fail to deliver in sell-off
Stay informed with free updatesSimply sign up to the Exchange traded fundsmyFT Digest -- delivered directly to your inbox.Investors who pumped tens of billions of dollars into…
CVS cuts outlook, plans $2B cost-cutting effort
CVS Health on Wednesday cut its 2024 earnings outlook and announced its goal to cut $2 billion in costs through a multi-year productivity initiative as medical costs continue…
The problem with auto-enrolled pensions
Pension “auto enrolment” is seen as one of the UK’s big public policy success stories.Since it was introduced in 2012, employers have been obliged to offer a pension and enrol all…
Mortgage demand roars back to life as rates drop to lowest level in a year
A key measure of home-purchase applications surged last week as mortgage rates dropped to the lowest level in more than a year. The Mortgage Bankers Association's (MBA) index of…
HP’s China shift and Infineon in Malaysia
Hi everyone, this is Lauly, sending greetings from Taipei. We’ve been seeing dark clouds in the sky most afternoons, much like those gathering over volatile Asian stock markets in…