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Business
Americans with adjustable mortgages could soon see their payments skyrocket
A small group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million…
China’s plan to sell cheap EVs to the rest of the world
The resurrection of a car plant in Brazil’s poor north-east stands as a symbol of China’s global advance — and the west’s retreat.BYD, the Shenzhen-based conglomerate, has taken…
Dollar General fights back against thieves with plan to remove theft-prone merchandise, self-checkout lanes
Dollar General is employing new measures to crack down on rampant retail theft that it says has been the most problematic problem for the business. The company said it plans…
De Beers boss seeks to recut diamond miner into leading jewellery group
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of De Beers seeks to transform the diamond miner…
John Lennon, Yoko Ono’s NYC loft purchased after Beatles’ breakup selling for $5.5M
John Lennon and his wife Yoko Ono's New York City loft is on the market for the first time in more than 50 years. The two-story loft-style building at 496 Broome St. was…
Is Lazard’s new boss lonely at the top?
One scoop to start: Preqin, a British provider of data on private markets, is exploring a sale that could value the company at more than £1bn, according to people familiar with the…
$560 million Mega Millions jackpot won by player in Illinois
The Mega Millions lottery announced a jackpot winner in Tuesday night's estimated $560 million drawing, with the winning ticket purchased in Illinois. The winning numbers…
The Proxies 2024: A celebration of substantial corporate perks
The Nepobaby Home Economics AwardWinner: Peter Huntsman Jr., HuntsmanPeter Huntsman Jr. works for Huntsman Corporation, the multinational chemical manufacturer. How he got the job…
Consumers discouraged by high interest rates and deteriorating financial health: study
Consumer satisfaction is taking a dip in the wake of high interest rates, driven up by inflation and the remnants of the pandemic. Nearly 73% of consumers with loans are now…
FirstFT: Russia’s Gazprom in ‘grim’ state from Ukraine war
Good morning. We have an exclusive story today on Gazprom, with new research warning the Russian energy giant may fail to recover gas sales lost as a result of the war in Ukraine…