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Business
Trump's Truth Social lost $58 million in 2023, and the stock is taking a hit
Shares of Trump Media & Technology Group (TMTG) plummeted by more than 23% on Monday after the parent company of former President Trump's Truth Social platform reported it…
Global glut turns solar panels into common or garden fencing option
Solar panels have become so cheap that they are being used to build garden fences in the Netherlands and Germany, as a boom in Chinese production saturates the global market. The…
Buyers of Tesla’s Chinese rival EV may face monthslong wait for SU7
Chinese electronics maker Xiaomi is reportedly informing buyers of its new SU7 electric vehicle that they could face wait times of up to seven months. Apparent demand for the…
Millions of borrowers to see student loan payments drop in July after SAVE adjustment
President Joe Biden’s Saving on a Valuable Education (SAVE) plan has lowered student loan payments for 153,000 borrowers. In July, the plan is set to drop payments even more for…
Donald Trump’s $10bn media group reports less than $1mn in quarterly revenue
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump’s media business generated less than $1mn in…
How It Started… How It's Going: Homes have become less affordable since Biden took office
Homes in the United States have become increasingly unaffordable during President Biden’s term in office, with one study showing that buyers in nearly half of the 50 states…
Israel readies bill to shut Al Jazeera office
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel’s parliament is to pass a law granting Prime…
Taco Bell, Pizza Hut going 'AI-first' with fast-food innovations
Yum! Brands, the operator of KFC, Pizza Hit, Taco Bell and The Habit Burger Grill restaurants, is embracing technology with plans for "AI-powered" fast food, according to a…
Liberty Media plans US growth for MotoGP after €4.2bn deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Liberty Media is hoping to repeat its Formula One success…
Baltimore bridge collapse poses 'temporary risk' to local, state economies: Moody's
The stunning collapse of the Francis Scott Key Bridge in Baltimore last week could pose a temporary economic threat to local and state economies, according to Moody's. In a…