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Business
Costco launches weight loss program for members
Costco is jumping into the weight loss game by giving members access to sought-after medications such as those made by pharmaceutical giants Eli Lilly and Novo Nordisk. …
Elon Musk is still intrinsic to Tesla’s future
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For years, Elon Musk has been the not-so-secret weapon…
Hedge fund billionaire says US debt 'is a growing concern that cannot be overlooked'
Citadel founder and CEO Ken Griffin sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund that was published Monday.…
News-powered hedge fund raises $100mn to trade on reporters’ scoops
A US hedge fund has raised $100mn to make trades based on articles by its affiliated newsroom, launching a novel experiment in funding investigative reporting as the media industry…
A million simulations show US debt is on an 'unsustainable' path
The United States is almost certainly on an unsustainable path with regard to the astronomic rise in its national debt, according to a million simulations run by Bloomberg. …
A surprising winner in the US-China chip wars
The US and China’s battle for dominance in the semiconductor industry is having some surprising knock-on effects: Companies are looking to insulate their supply chains from rising…
Trapped vessels navigate Port of Baltimore after bridge collapse
The Port of Baltimore opened a temporary channel Monday for some tugs and barges that had been stranded in the harbor by last week's bridge collapse. Work toward a wider…
China’s rival to Boeing and Airbus looks to Asia first
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For the first demonstration flight of its C919 passenger…
Taylor Swift is officially part of the Forbes annual billionaires list
Taylor Swift made her debut on Forbes’ yearly billionaires rankings. Forbes reported Tuesday the pop star’s personal fortune amounted to an estimated $1.1 billion. That figure…
The worst job in investing has finally been filled (for now)
Stay informed with free updatesSimply sign up to the Fund managementmyFT Digest -- delivered directly to your inbox.One day after April Fools’, the $495bn California Public…