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Business
British retail sales beat forecasts ahead of key Christmas period
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British retail sales rose far more than expected in…
Baby boomers are becoming wealthier, while younger generations lag behind, Fed report finds
Americans who fall into the baby boomer generation are becoming older, wiser and, apparently, wealthier — while younger generations are reportedly falling behind. "Young…
Revolut swings to loss as cost increases offset boost from higher rates
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut swung to a loss last year as increased costs…
Mortgage rates continue downward trend, housing market still sluggish
Mortgage rates ticked down again this week, continuing a series of declines since the end of October. The trend is beginning to spark signs of life in the stalled real estate…
Strikes, strife and Barbenheimer — a bumpy year at the movies
So Barbie saved the day, while all around her went up in flames. An honest account of the year in film has to acknowledge the sense of crisis still gripping the industry, but also…
Paramount, Warner Bros Discovery discuss merger; would consolidate streaming services
The chief executives of Warner Bros. Discovery and Paramount Global reportedly got together recently to weigh the possibility of merging their media companies into one. The…
Chinese state banks cut deposit rates in bid to stimulate growth
Stay informed with free updatesSimply sign up to the Chinese economymyFT Digest -- delivered directly to your inbox.China’s five biggest state-run banks cut deposit rates on…
Billionaire Harvard donor pulls back donations over president’s antisemitism testimony
Billionaire Len Blavatnik has paused donations to Harvard University over its handling of President Claudine Gay's recent appearance before Congress. Blavatnik and his family…
Deutsche Bank discovers thousands of unresolved customer complaints
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank has discovered thousands of forgotten and…
Gift card-draining scam: What it is and how to protect yourself
While consumers can fall victim to a variety of scams, experts say gift card draining was one of the most common scams that affected people's lives in 2023. What's worse, just…