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Business
Chicago boutique hotel named as homeless shelter, causing staff layoffs
A boutique hotel in Chicago will become a temporary homeless shelter, the city announced, but the move has rankled workers, who say they're being laid off as a result of the…
Richemont’s profits disappoint in latest sign of luxury industry slowdown
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Swiss luxury group Richemont blamed a weaker economic…
Rare Babe Ruth baseball card could sell for $10M or even $12.5M-plus to break world record
He specifically referred to "our record-setting sale of the famous T206 Honus Wagner card for $6.6 million in 2021, as well as the 1921 game-used Babe Ruth bat that sold in our…
Diageo warns of hit to profits from Caribbean slowdown
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Drinks group Diageo has warned that growth in operating…
This generation blames inflation for their financial struggles
Even with efforts to cut back on spending, 53% of Generation Z said that inflation is keeping them from achieving financial success, according to a recent Bank of America …
Luxury ecommerce groups lose their sparkle after top labels play digital catch-up
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luxury ecommerce platform Farfetch won approval from the…
Where do Republican presidential candidates stand on Social Security?
The Republican presidential primary is heating up, with five candidates clashing over a number of issues during the third GOP debate on Wednesday night. The presidential…
FirstFT: Citadel Securities plans to enter eurozone debt market in 2024
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Good morning.We have an exclusive report today on Citadel Securities,…
Fed Chair Powell rushed off stage after climate protesters interrupt speech
Federal Reserve Chair Jerome Powell was briefly escorted out of a room in Washington, D.C., on Thursday after climate protesters interrupted a speech that he was delivering on…
How the race to host the EU’s latest quango got tied up in high politics
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning. Portugal’s president called a snap election…