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Business
GM estimates a $200M loss since UAW strike began
General Motors has lost an estimated $200 million since the beginning of the United Auto Workers (UAW) strike against Detroit’s Big Three on September 15. The automaker also…
JD Wetherspoon posts first annual profit since pandemic
Stay informed with free updatesSimply sign up to the J D Wetherspoon PLCmyFT Digest -- delivered directly to your inbox.UK pub group JD Wetherspoon has swung back to annual profit…
Student loan repayment: Nearly half of Americans with college debt to cut essential spending
With student loan payments resuming after a federal payment pause that lasted more than three years, millions of borrowers could now be struggling with their budgets. "For…
Exxon in talks to buy US rival Pioneer
Stay informed with free updatesSimply sign up to the Exxon Mobil CorpmyFT Digest -- delivered directly to your inbox.ExxonMobil is in talks to buy Pioneer Natural Resources in…
Mortgage rates jump again amid housing market slowdown
Mortgage rates rose again this week, continuing their upward march and contributing further to plummeting demand in the housing market as more would-be buyers retreat. Freddie…
Metro Bank’s mad dash for cash
Receive free Challenger banks updatesWe’ll send you a myFT Daily Digest email rounding up the latest Challenger banksnews every morning.One thing to start: US regulators are suing…
United Auto Workers union boss set to announce next moves in strike against Ford, GM, Stellantis
United Auto Workers President Sean Fain is set to deliver his weekly address to members via Facebook live on Friday at 2 p.m. ET, at which time he is expected to announce the…
We have a ‘generational opportunity’ to stop using that phrase
Receive free Corporate culture updatesWe’ll send you a myFT Daily Digest email rounding up the latest Corporate culturenews every morning.The price of freedom is eternal…
Commerce secretary backs bills cracking down on TikTok
Commerce Secretary Gina Raimondo told senators on Wednesday that she supports Congress giving her agency new tools to counter apps owned by foreign companies in adversarial…
How to make the right type of withdrawal from your pension
Everything feels complicated when you’re contributing to a pension. But at the point of taking an income, you need to grapple with the worst pension jargon that’s ever existed. As…