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Business
‘It’s cool to have money again’: wealthy Lebanese party out the crisis
Money talks, wealth whispers. Except in Lebanon, a country struggling to exit a deep economic crisis, where wealth has been screaming louder than usual.On a recent Friday evening,…
Former Target exec says internet, social media driving ‘acceleration’ in organized retail theft
The former vice chairman of Target spoke out against spiraling theft nationwide as the popular retailer announced it would close its doors in a series of liberal cities amid…
Probe of Evergrande founder adds to pressure on Chinese developer
Thursday’s announcement by Evergrande was as ominous as it was curt. Hui Ka Yan, the billionaire chair behind the indebted Chinese property group, was under unspecified “mandatory…
X CEO says platform to be profitable by early 2024
Social media platform X, formerly known as Twitter, will be profitable by early next year, the company's chief executive says. CEO Linda Yaccarino made the assertion Wednesday…
FirstFT: Global financial watchdog to probe hedge fund borrowing
Receive free World updatesWe’ll send you a myFT Daily Digest email rounding up the latest Worldnews every morning.Good morning.The world’s financial stability watchdog is…
Valkyrie Investments first to offer ether futures through ETF
Valkyrie Investments has won the race to offer the first exchange-traded fund featuring ethereum futures, a key development in the mainstreaming of digital assets in the U.S.,…
Sunak’s electricity network plans aim to break the gridlock
Receive free UK infrastructure updatesWe’ll send you a myFT Daily Digest email rounding up the latest UK infrastructurenews every morning.The one piece of infrastructure that is…
Final second quarter GDP estimate remained unchanged at 2.1%
The third and final estimate for real gross domestic product (GDP) in the second quarter of 2023 was unrevised. It showed that the U.S. economy grew at an annual rate of 2.1%,…
Rishi Sunak to tout pro-car agenda in Tory conference pitch to voters
Receive free UK politics updatesWe’ll send you a myFT Daily Digest email rounding up the latest UK politicsnews every morning.Rishi Sunak will seek to deflect criticism of his…
California Gov. Newsom signs fast-food worker $20 minimum wage bill into law
Fast-food workers in California will see a nice increase in their paychecks beginning next year following the passage of a law signed Thursday by Gov. Gavin Newsom that…