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Business
Back-to-office mandates are pushing some Americans to sell homes at a loss
In a housing market plagued by record-low availability, homebuyers could see more listings as back-to-office mandates force sellers to find a deal sooner – even if it means!-->-->…
UBS chair warns next crisis will be in private markets
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The next financial crisis is likely to be in the “shadow”…
OpenAI unveils customized AI bots; offers cheaper, more powerful models
OpenAI will enable ChatGPT users to build customized bots to handle specific tasks, and it has slashed costs on more powerful models for developers, the artificial!-->-->…
UBS posts $785mn quarterly loss due to Credit Suisse integration costs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UBS has unveiled its first quarterly loss in nearly six…
Microsoft’s Xbox developing generative AI tools for game creators
Microsoft-owned Xbox is working on a set of generative artificial intelligence-powered tools for game developers that will enable them to use the new technology to build!-->-->…
Taylor Swift may hand out bigger bonuses than many banks this year
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This is the time of year when the financial press writes…
Credit card debt set to hit a fresh record
Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive. The New York!-->-->…
Virtual and augmented reality accelerates from gaming to cars
You are never far from a screen in today’s world. But we are drawing ever closer to the point where, instead of staring down at a phone or tablet, you can simply gaze ahead through…
US accounting giant to lay off more of its workforce
FIRST ON FOX — Grant Thornton LLP is laying off 200 people, its second round of layoffs in the past six months and an indication that the major players in the professional!-->-->…
BioNTech cuts revenue forecast on lower demand for Covid jabs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BioNTech has slashed about €1bn from its full-year…