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Business
Somerset Capital Management hit by loss of its largest client
Stay informed with free updatesSimply sign up to the Fund managementmyFT Digest -- delivered directly to your inbox.Somerset Capital Management, the boutique fund manager…
Jerome Powell says Fed ‘won’t hesitate’ to raise interest rates again if warranted
Federal Reserve Chair Jerome Powell on Friday kept the possibility of another interest rate hike in play this year, despite cooling inflation. "It would be premature to…
Search for ‘pink Christmas trees’ spikes as ‘Barbiecore’ trend hits holiday season
The "Barbie" movie craze appears to be spilling into the holiday season as fans are swapping traditional red and green Christmas décor for all things pink. Gifting experts and…
Mark Cuban’s Mavericks bet
The thing about sports investors is that they rarely have just the ball in their sights. That’s the case in the battle for the future of Telegraph Media Group, which as you might…
Taylor Swift passes billionaire status in music industry era of artists losing millions
Taylor Swift has been able to "monetize her talent" in an era where "artists have lost millions" due to new technology. Swift's net worth surpassed $1 billion in October, with…
Gas prices’ downward trend continues – for now: AAA
The average price of gas dipped to $3.24, only a 2-cent drop from the week prior, according to the latest report from AAA. Pump prices on average are 26 cents less than a month…
US in ‘serious trouble,’ financial world legend who predicted Lehman collapse warns
The financial world legend who predicted Lehman Brothers' collapse is sounding the alarm over America’s "serious" financial troubles. "I hate to say this because, you know I…
Pfizer scraps twice-daily weight loss pill danuglipron after study shows ‘high rates’ of adverse side effects
Pfizer announced Friday that it is discontinuing development of its twice-daily weight loss pill danuglipron after a clinical trial showed "high rates" of adverse side effects…
The untimely death of the funeral
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Should we mourn the slow death of the traditional…
Biden administration plans to buy 2.7M oil barrels to refill emergency stockpile
The Biden administration plans to buy 2.7 million barrels of oil to help replenish the nation's much-depleted emergency stockpile. The planned purchase for the oil is at an…