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Business
Senate confirms first permanent FAA administrator in more than a year
The Federal Aviation Administration (FAA) has a new full-fledged administrator after a more than 18-month stretch in which the agency relied upon a series of acting chiefs…
Simplicity is key to avoiding a gap in investment returns
Morningstar calls its annual funds study the Mind the Gap report, using the warning introduced on the London Underground in the 1960s. They could equally well have used a phrase…
Billionaire predicts ‘probably recession’ in 2024, suggests US entering ‘7 lean years’ of…
Omega Advisors billionaire CEO and chairman Leon Cooperman warned Wednesday that while the U.S. economy is "doing fine" at the moment, there is risk of a recession in 2024.…
FirstFT: Joe Biden warns China against attacking Filipino vessels
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. President Joe Biden has warned China not to engage…
UAW and Ford reach tentative deal on new labor contract
The United Auto Workers (UAW) union and Ford announced a tentative new labor deal with Ford aimed at bringing to an end the union’s strike which is currently in its sixth…
Silver Lake moves to take entertainment group Endeavor private
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US private equity group Silver Lake is considering taking…
NFL star Myles Garrett purchases minority ownership stake in NBA’s Cavaliers
Cleveland Browns pass rusher Myles Garrett is making a move to the NBA. The four-time Pro Bowler finalized an agreement to buy a minority ownership stake in the Cleveland…
Japan prays for a solid-state battery miracle
Stay informed with free updatesSimply sign up to the Japanese business & financemyFT Digest -- delivered directly to your inbox.Just a few hours into the 2023 Japan Mobility…
Man says housekeeper finds missing lottery ticket, leading to his $1M win
A Massachusetts man has won a $1 million lottery prize on a ticket that he said he lost months ago. Khalil Soussa, from Medford, had purchased the Massachusetts State Lottery…
Morgan Stanley chooses Ted Pick to replace James Gorman as CEO
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Morgan Stanley has named Ted Pick as its new chief…