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Business
Steel industry dented by UAW strike against Detroit’s Big Three
The U.S. steel industry is feeling the sting from the United Auto Workers' strike against Detroit's Big Three automakers. Demand for steel has been falling for months in…
Are you an ex-John Lewis customer?
Stay informed with free updatesSimply sign up to the Retail sectormyFT Digest -- delivered directly to your inbox.Just as Dame Sharon White is breaking up with the John Lewis…
These are riskier housing markets for buyers and investors
Certain housing markets that saw significant price growth over the past four years may pose greater risks for potential buyers, an industry economist warned. Homes within the…
Ministers alter pitch to drivers after overstating London penalty appeals
Stay informed with free updatesSimply sign up to the UK politicsmyFT Digest -- delivered directly to your inbox.UK ministers have been forced to make urgent changes to Rishi…
Exxon mulls Pioneer deal, shares jump
Shares of Pioneer Natural Resources are surging on rumors Exxon Mobil is closing in on a deal to purchase the hydrocarbon exploration company, people familiar with the matter…
The Lex Newsletter: Rishi Sunak and London’s failures of ambition
Dear reader,The Victorians were dreadful on multiple levels. A Victorian gent who was not busy plundering the colonies was forcing his wife into whalebone corsets or wiping his…
Bipartisan No Labels in chaos with internal feud after McCarthy ouster
The political organization "No Labels" preaches bipartisan compromise and is seeking a third-party ticket for the 2024 presidential election. But the group also appears to be…
Metro Bank: challenger’s business case now looks licked
Stay informed with free updatesSimply sign up to the LexmyFT Digest -- delivered directly to your inbox.Metro Bank’s first London branch opened with an unlikely combination of…
Mortgage rates keep climbing, dampening homebuyer demand: Freddie Mac
Mortgage rates climbed north of 7% and buyers face a real possibility that they may continue rising as long as economic indicators remain resilient, according to Freddie Mac.…
Ecommerce: China’s retail future lies in live video streaming
Stay informed with free updatesSimply sign up to the LexmyFT Digest -- delivered directly to your inbox.When Lionel Messi appeared on Alibaba’s Taobao Live platform this year,…