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Business
Elon Musk says he’s worried about the ‘high interest rate environment we’re in’
Tesla CEO Elon Musk said during the EV maker’s earnings call on Wednesday that he is concerned about the impact of high interest rates on would-be car buyers. "I’m worried…
ChatGPT parent OpenAI seeks new investment at $86bn valuation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI is in talks with investors about selling shares at…
NY AG sues crypto firms Gemini, Genesis, DCG for allegedly defrauding investors out of $1 billion
New York Attorney General Letitia James filed a lawsuit Thursday against cryptocurrency firms Gemini, Genesis Global Capital and its parent company Digital Currency Group…
L’Oréal sales growth curbed by muted China
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French beauty company L’Oréal increased sales in the…
Affordability keeping you from owning a home? Here’s how you can get ready
High mortgage rates and home prices are why 18% of Millennials and 12% of Gen Zers believe they will never own a home, according to a recent Redfin report. Some Americans are…
Blackstone: the second trillion is always the hardest
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At Blackstone, the march to a second trillion dollars in…
Biden called upon by pro-growth groups to withdraw CFPB’s late fees rule
A coalition of groups is calling for the Biden administration to withdraw the new rule put forward by the Consumer Financial Protection Bureau (CFPB) to impose a stricter cap…
You May Never See Us Again — the Barclay brothers’ rise and fall
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The first thing many British reporters know about the…
Lawmaker’s son escapes Israel, warning he isn’t sure ‘what tomorrow looks like’
It started with sirens, and then a big "boom." While studying at American Christian University in Jerusalem, the son of Republican Michigan Rep. Bill Huizenga described the…
LSEG: volatility helps hoard work pay off for data aggregator
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Data is better than most other commodities. Each dollop…