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Business
UK inflation holds steady at 6.7% in September
UK inflation held steady in September at 6.7 per cent, maintaining pressure on the Bank of England to hold firm in its efforts to curb price growth.The rate of consumer price…
Mortgage demand plummets to new three-decade low as rates race toward 8%
A key measure of home-purchase applications tumbled last week to a nearly three-decade low as consumer demand cooled sharply amid a recent spike in mortgage rates. The…
Cipriani: balancing a cocktail tray of exclusivity and growth
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An invitation to sip Bellinis at a members’ club sounds a…
Biden admin unveils sanctions on Hamas, other Iran-linked entities
President Biden's administration announced sanctions against roughly1,000 entities and individuals that Iran uses to support terrorism Wednesday morning. The sanctions include…
Indian opposition calls for Adani Group probe over coal price allegations
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India’s main opposition party has called for an…
Housing starts rebound in September amid spike in mortgage rates
New U.S. home construction rebounded in September after a steep drop the previous month, even as the housing market continues to confront high mortgage rates. Housing starts…
US fintech Plaid hires first chief financial officer on road to potential IPO
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US financial technology start-up Plaid has hired its…
Walmart, Aldi cut cost of Thanksgiving meals
Walmart and Aldi said they will cut prices for holiday meals again to help shoppers facing significant price pressures across the economy. Starting Nov. 1, both companies…
AI chip start-ups: Nvidia is proving a difficult stone to dislodge
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Artificial intelligence is the philosopher’s stone, says…
Lululemon stock is joining the S&P 500
Lululemon Athletica stock is on the rise as the active wear company prepares to officially join the benchmark S&P 500 index Wednesday. S&P Dow Jones Indices announced…