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Business
Poorer Americans beg Fed to cut interest rates amid soaring prices: 'We're trapped'
High interest rates are pushing low- and moderate-income Americans who have fallen behind on credit card payments and auto loans to the brink, according to a new report. "It’s…
A better Anglo American defence: sell the good bit, keep the bad bits
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.I read the news today. Oh boy.Anglo American accelerates…
Bumble to remove ads mocking celibacy: 'We made a mistake'
Bumble ads perceived as mocking celibacy received significant criticism – and now the company is pulling the plug on them. The dating app said late Monday that it would get…
Amazon Web Services chief steps down amid AI race with rivals
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Amazon has announced that the head of its cloud business…
Housing prices in Florida, Texas will become 'more affordable': Redfin CEO
The Federal Reserve’s handling of rate cuts will play a vital role in the housing market’s affordability this year, but one expert says certain states are seeing "good"…
Can banks fix the climate crisis? The evidence so far is lukewarm
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The pandemic lockdowns did strange things to all of our…
Today's 15- and 30-year mortgage rates edge down | May 14, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.…
Sumitomo lined up for Shetland subsea cable contract
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sumitomo Electric Industries is set to install subsea…
Red Lobster closing dozens of locations as bankruptcy possibilities loom
Seafood restaurant chain Red Lobster is closing dozens of locations nationwide as the company struggles to stay above water. An announcement released earlier this week…
Border dispute hinders Niger’s China-built oil pipeline
Hello from London and welcome back to Energy Source. Today my colleague Aanu Adeoye writes about a new 2,000km pipeline project between landlocked Niger and its southern coastal…