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Business
‘The Hermès Game’: how the luxury house is defying the slowdown
In videos posted to social media, shoppers list products from lipsticks and sandals to chinaware and towels that they have spent thousands of dollars amassing to compete in what…
Toyota recalls nearly 2 million RAV4 vehicles over battery fire risk
Toyota Motor said Wednesday it is recalling 1.85 million RAV4 sport utility vehicles in the United States over fire risks stemming from the installation of replacement…
Apple’s services and iPhone growth bolster earnings
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An unexpectedly strong acceleration in Apple’s services…
Holiday sales forecast to hit record high this year, despite growing economic headwinds
Shoppers are expected to spend a record amount of money this holiday season even as they confront a number of economic headwinds, including steep borrowing costs, persistent…
Adani Enterprises’ coal trading margins double
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indian infrastructure tycoon Gautam Adani’s flagship…
Six Flags, Cedar Fair announce $8B merger to create top theme park operator
Cedar Fair and Six Flags Entertainment Corporation are merging, the companies announced Thursday. The $8 billion deal will create a "leading amusement park operator in the…
AI companies agree to government tests on technology updates to assess national security risks
Stay informed with free updatesSimply sign up to the Artificial intelligencemyFT Digest -- delivered directly to your inbox.Leading artificial intelligence companies have agreed…
Consumers faced historic interest and fees from credit card companies in 2022: CFPB
Consumers owed credit card companies more than $105 billion in interest and more than $25 billion in fees in 2022, according to a Consumer Financial Protection Bureau (CFPB)…
Smart rats show human-like powers of imagination in neural research
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rats can imagine places they are not in and objects they…
The UAW strike might be over, but will consumers feel it later?
The United Auto Workers' six-week strike against Ford, General Motors and Stellantis could be over now that the union has reached tentative deals with each of Detroit's Big…