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Business
Fed Chairman Powell finds lowering rates too easy to swallow
With few assets and relatively higher floating-rate debts, they will ultimately pay the cost of "higher for even longer." According to the Federal Reserve Bank of Philadelphia,…
Apple crushed by iPad advertising backlash
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An advert by Apple for its new iPad tablet showing…
Bank creates mechanism for depositors to contribute to Baltimore bridge collapse recovery
Baltimore-headquartered CFG Bank is rolling out a special money market account that allows depositors to contribute a portion of the interest they accrue to benefit relief and…
Bank of England signals summer cut as it holds rates at 5.25%
Stay informed with free updatesSimply sign up to the UK interest ratesmyFT Digest -- delivered directly to your inbox.The Bank of England signalled it would cut rates this summer…
Disney Entertainment and Warner Bros. Discovery announce new bundle with Disney+, Hulu, Max
Disney’s streaming service is making another move. After previously merging Disney+ with Hulu — giving its users full access to both streaming services under one app — on…
Baidu executive tells staff: ‘I’m not your mum’
Stay informed with free updatesSimply sign up to the Chinese business & financemyFT Digest -- delivered directly to your inbox.The head of public relations at Chinese search…
Most borrowers delay major life events because of student loan debt: survey
Borrowing money to go to college has closed the door on many major life milestones, including completing a degree program, for most student loan borrowers, a recent Gallup…
Blackstone in pole position over $1.6bn Hipgnosis takeover
Stay informed with free updatesSimply sign up to the MediamyFT Digest -- delivered directly to your inbox.Blackstone has taken pole position in the takeover battle for Hipgnosis…
Costco-loving man caught off guard by loved ones in store for his surprise birthday party
A Costco-loving man did not realize his family and friends were in a Georgia store for his surprise birthday party until he saw his "mammaw," and it was all caught on camera…
Grading the Chips Act and the other costs of AI
Hello from sunny California. I’m in Los Angeles this week, along with thousands of bankers, investors, policymakers and tech executives, for the annual Milken Institute Global…