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Business
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
The Federal Reserve on Wednesday held interest rates steady at the highest level in more than two decades, but hinted that recent progress on inflation could soon prompt them…
Huw Edwards pleads guilty to accessing indecent images of children
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Huw Edwards, the former BBC news presenter who was one of…
Team USA Olympic golfer Collin Morikawa: How much has he earned on PGA Tour?
Collin Morikawa is a two-time major winner already in his career, and a gold medal would be the cherry on top of an already impressive resume at the 2024 Paris Olympics.…
Mass-market brands suffer as consumer strength declines
Today’s top storiesIran has vowed revenge after it accused Israel of assassinating Ismail Haniyeh, Hamas’s political leader.Kamala Harris has almost flattened Donald Trump’s lead…
Spirit Airlines ups the ante with new travel options offering Wi-Fi, snacks and checked bags
Spirit Airlines is making moves in an attempt to no longer be seen as a bare-bones air carrier. The Florida-based, low-fare airline announced "new, high-value options" for…
Parents rely heavily on borrowing to pay for college costs: survey
Most families plan to do some borrowing to pay for college despite saving for this milestone event, a recent survey said. Roughly 42% of families said they planned to rely on…
The latest takeover bid for Paramount is a little unusual
Stay informed with free updatesSimply sign up to the US & Canadian companiesmyFT Digest -- delivered directly to your inbox.What fresh hell is this?PARAMOUNT GLOBAL SHARES…
Delta CEO says CrowdStrike outage cost airline half a billion dollars
Delta CEO Ed Bastian said on Wednesday that the massive CrowdStrike tech outage that disrupted operations cost the airline $500 million. Bastian pegged the negative impact…
Bill Ackman’s backers will be stung by his fundraising flop
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At least Bill Ackman recently found one set of receptive…
Boeing names Kelly Ortberg as new CEO
Boeing on Wednesday named aerospace veteran Robert "Kelly" Ortberg as its new CEO. Ortberg, who led Boeing supplier Rockwell Collins, will succeed Dave Calhoun, who announced…