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Business
Home prices just set another record high as affordability crisis worsens
Home prices reached a new record in May amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans.…
Big Tech’s big investments
Good morning. Yesterday morning we wrote about the risks posed by high growth expectations for Big Tech. Yesterday afternoon Microsoft reported that its cloud computing division…
Facebook parent Meta settles Texas lawsuit for $1.4B
Facebook and Instagram parent company Meta Platforms agreed to pay $1.4 billion to settle the lawsuit brought against it by the state of Texas, the state's attorney general,…
HSBC announces $3bn share buyback and names interim finance chief
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC announced a $3bn share buyback on Wednesday and said…
Stuart Varney: Kamala Harris' policy reversals won't go unnoticed by voters
During his "My Take," Tuesday, "Varney & Co." host Stuart Varney called out Kamala Harris for changing position on several key political issues, arguing the vice president…
Prada defies luxury slowdown with surging Miu Miu and Japan sales
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian luxury fashion group Prada defied a broader…
Russia will use cryptocurrency to handle backlogged payments to allies amid Western sanctions: reports
Russia will turn to cryptocurrency as the newest method to circumvent heavy international sanctions that have taken their toll on the economy amid its ongoing war efforts in…
Rio Tinto reaches ‘inflection point’ as growth projects boost prospects
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rio Tinto said it had reached an “inflection point” after…
Boar's Head recalls 7 million pounds of deli meat after being linked to listeria outbreak
The Boar's Head company is expanding a recall of deli meat products that may contain listeria, according to the U.S. Department of Agriculture’s Food Safety and Inspection…
FirstFT: Israel targets Hizbollah commander in Beirut strike
Good morning. Today we’re covering:Facial recognition at Indian airportsTemu’s unhappy suppliers The race to make the ‘super shoe’ But first, Israel has targeted a senior Hizbollah…