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Business
The biggest hedge fund launch ever falls short
One scoop to start: Caxton Associates, one of the oldest and best-known global macro hedge fund managers, lost money in its two main funds in 2023.In today’s newsletter:Challenges…
Viral TikTok craze touts aggressive prescription for ‘glass skin,’ sparking concern among medical community
TikTok influencers are hyping up the prescription tretinoin as a skin care miracle to young Americans, but doctors have urged those using the medication to exercise caution…
Watches of Switzerland shares plunge on profit warning
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in luxury watch retailer Watches of Switzerland…
Costco selling ‘dupe’ of viral $1K mirror as shoppers sound off on social media
Costco appears to have caught the attention of shoppers for selling a mirror that arguably bears resemblance to a piece costing $1,198 at Anthropologie. Costco's mirror has a…
Sainsbury’s to exit core banking business
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British supermarket J Sainsbury is exploring options to…
DHL CEO says Red Sea disruption could lead to shipping container shortage
DHL chief executive Tobias Meyer on Wednesday warned the ongoing disruptions to global trade caused by Houthi rebel attacks in the Red Sea could lead to shipping container…
TSMC forecasts return to strong growth as global chip market recovers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Taiwan Semiconductor Manufacturing Company forecast a…
Samsung unveils Galaxy S24 smartphones
Samsung has introduced its three Galaxy S24 smartphones. The trio of devices — the S24, S24+ and S24 Ultra — became available to order Wednesday, the same day the company…
Shopping for commercial real estate
Good morning. Yesterday featured a stronger than expected retail sales report and an Atlanta Fed GDPNow update which put fourth-quarter real growth at 2.4 per cent. If we are in a…
White House dodges question about Biden’s surprise over $6 smoothie in Pennsylvania: ‘Joking around’
White House press secretary Karine Jean-Pierre quickly dodged a Fox reporter’s question on Wednesday after she was asked why President Biden seemed to be surprised that a…