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Business
Apple sales fall less than expected, beating Wall Street estimates
Apple, Inc. posted a year-over-year decline in revenue in its fiscal second-quarter earnings report after the bell on Thursday but still beat Wall Street's expectations. The…
FirstFT: Apple sales beat expectations despite China decline
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. We start today with the latest results from Apple,…
Fast-food restaurant sales slump as more people eat at home
People seem to be buying less food from quick-service restaurants (QSR). That appears to be the case after companies such as Yum! Brands, Starbucks and McDonald’s offered…
Chubb to send $350mn insurance payout for Baltimore bridge
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.New York-listed Chubb will pay $350mn to the US state of…
Hims founder offers jobs to anti-Israel protesters, hails their 'moral courage'
The founder and CEO of telehealth and online pharmacy Hims took to social media on Wednesday to encourage anti-Israel protesters on college campuses to continue in those…
Apollo’s tiff with Spain’s regulator tests them both
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity’s M&A tactics are proving unusually…
As summer approaches, so does California law that will drive restaurant menu prices higher
Menu prices in California will rise once again when a new law goes into effect in the summer, a double-whammy after fast-food chains in the state hiked prices to help pay for…
State-backed Coutts plans shift away from UK equities
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Coutts, the private bank owned by state-backed NatWest,…
Mortgage rates push higher with no relief in sight: Freddie Mac
Mortgage rates pushed further into the 7% range as the Federal Reserve seems unlikely to reverse its restrictive policy stance anytime soon, according to Freddie Mac. The…
Sony and Apollo approach Paramount Global with $26bn bid outline
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sony and private equity group Apollo have told Paramount…