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Business
St. Louis downtown trapped in 'doom loop,' marred by empty offices, break-ins and store closings: Report
The once bustling downtown of St. Louis, Missouri, is now stuck in a "doom loop," marred by a score of empty office buildings, thieves and retail closures, according to a new…
In defence of Europe’s tankmakers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A fondness for European defence stocks has been a…
California McDonald's franchisee shares struggle with 'unprecedented' impact of new minimum wage
California is forcing fast food chains to get creative to afford the state's new $20 minimum wage. One McDonald's franchise owner, Scott Rodrick, is considering higher menu…
Joe Biden hits US oil drillers with first royalty rate increase in a century
Stay informed with free updatesSimply sign up to the Oil & Gas industrymyFT Digest -- delivered directly to your inbox.The Biden administration has increased the cost of oil…
Anxiety is biggest concern among employees seeking mental health services, study finds: ‘Major concern’
Dr. Marc Siegel, clinical professor of medicine at NYU Langone Medical Center and a Fox News medical contributor, said he agreed with the analysis that anxiety is now the most…
Net interest income may have peaked for Wall Street banks
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Higher interest rates can be a double-edged sword.…
Can buy now, pay later hurt your credit score?
You've probably noticed that when you’re shopping online or sometimes in a retail store, you can select a buy now, pay later (BNPL) option, which is a type of installment loan…
Thames Water shareholders backed away over regulator’s debt demands
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water shareholders backed away from supporting the…
Mortgage rates are nearing 7% as inflation ticks back up: Freddie Mac
Mortgage rates continue their steady climb upward. Rates for 30-year mortgages averaged 6.88% this past week, Freddie Mac reported. Rates last week averaged 6.82%, and a year…
How soon will machines outsmart humans? The biggest brains in AI disagree
A string of breakthroughs in artificial intelligence over the past year has raised expectations for the arrival of machines that can outperform expert humans across a range of…