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Business
Biden said he 'cured the economy' days before recession fears spark market selloff
President Biden claimed to have "cured the economy" last week, days before global stocks plummeted Monday. Biden made the comment while speaking to reporters outside the White…
Warner Bros Discovery looks to avoid break-up with smaller asset sales
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Warner Bros Discovery’s senior management is looking to…
White House economic adviser heads to Harris campaign as stock market plunges
A senior economic adviser is leaving the White House to join the Harris campaign as the stock market takes a historic tumble. White House senior adviser Gene Sperling is…
Australia’s Treasury Wine Estates to sell Wolf Blass as it moves upmarket
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia’s largest wine producer has said it is writing…
Charles Schwab, Fidelity, other brokerages experience outages amid market volatility
Several of the nation's top brokerages were whacked by the extreme swings in the stock and bond markets on Monday as the Dow Jones Industrial Average sank more than 1,000…
Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to act on interest rates as the market meltdown intensifies. "Commodity prices are falling very rapidly right now," he told…
How to drink your way through a US recession
Stay informed with free updatesSimply sign up to the US economymyFT Digest -- delivered directly to your inbox.Gulp.So, uh, what do Americans drink during recessions? That’s the…
All Musk's Xs move to Texas: Flagship social media company joins SpaceX, Tesla in the Lone Star State
The social media company X, which was formally called Twitter until it was purchased by Elon Musk, will reportedly close its San Francisco headquarters and move to Texas. An…
Spending in UK pubs tripled on day of Euro 2024 final, data shows
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spending in UK pubs, bars and clubs almost tripled on the…
Legendary market watcher predicts surprise Fed rate cut
Prominent financial analyst Robert Prechter says he believes the Federal Reserve will make the rare move of implementing an emergency rate cut ahead of its September meeting,…