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Business
Meta to pay $1.4bn in Texas biometric data settlement
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Facebook owner Meta has agreed to pay $1.4bn to the state…
86% of renters say they can't afford to buy a home, with majority saying they will never afford one: Survey
A majority of current renters in the U.S. say they can't afford to buy a home, with over half of Americans saying that they are pessimistic about ever achieving their goal of…
Diageo’s lack of clarity is hard to swallow
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At whisky tastings, drinkers are often asked to observe…
Housing begins to tip in favor of buyers; sellers slash prices to entice them back to market: report
As buyers retreat from housing, some home sellers have had to cut their listing price to close the sale, a recent Zillow report said. Nearly 1 in 4 sellers have had to cut…
Bill Ackman cuts fundraising target for US fund IPO to $2bn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bill Ackman has cut the amount he is seeking to raise in…
Credit counseling demand surges in 2024, with these states hardest-hit
Credit counselors reported a significant surge in demand for financial counseling services so far this year, warning that the trend signals an increase in financial distress…
Banks want to tap into Asian wealth — StanChart is doing it
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In 2020, Asia and wealth management were big buzzwords…
What is C Spire, the company that pulled Olympic advertising?
The opening ceremony of the Paris Olympics sparked controversy with a segment that parodied Leonardo Da Vinci's famous painting of "The Last Supper" with drag queens, a…
Diageo warns on ‘extraordinary’ consumer environment after sales drop
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Diageo has warned that consumers are facing…
What could a Federal Reserve rate cut mean for your wallet?
The Federal Reserve is widely expected to lay the groundwork for a September interest-rate cut at the conclusion of its meeting on Wednesday, offering some reprieve to…