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Business
Citi profits edge higher despite worries over consumer finances
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Citigroup profits edged higher in the third quarter, even…
Dollar General shares jump as retailer brings back former CEO
Shares of Dollar General jumped Friday morning after the retailer announced that it was bringing back its former CEO. The company on Thursday reinstated Todd Vasos as CEO,…
Top US bankruptcy judge steps aside from big cases amid investigation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A prominent US bankruptcy judge will step away from…
Israeli defense contractor Elbit Systems targeted by protesters in Massachusetts
Protesters demonstrated in front of an Israeli defense contractor's office in Massachusets Thursday over its involvement in Israel's military. There were 50 protesters…
BBC set to reveal cost-cutting plans as part of news services overhaul
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The BBC is set to reveal cost-cutting and reinvestment…
Limiting credit card rates means credit won’t be everywhere you want to be
While it’s true many Americans get trapped in a cycle of credit card debt, the solution isn’t big-government rate caps. Instead, we need to do a better job educating our children…
LVMH is suffering a vibe shift in the luxury business
Some art collectors in Hong Kong got a disappointing phone call from the auction house Phillips last week. They had consigned paintings for sale, anticipating a crowd of wealthy…
Gas prices decline despite Middle Eastern uncertainty: AAA
The average price of gas dropped to $3.64 for the week ending October 12, a 12-cent drop from the week prior, according to the latest report from AAA. Gas prices in the U.S.…
US banks: bigger is still better for now
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.America’s biggest banks are doing just fine. Businesses…
Microsoft completes $69B Activision Blizzard acquisition
Microsoft closed its $69 billion purchase of Activision Blizzard on Friday after clearing a series of regulatory hurdles since the deal was first announced in January 2022. …