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Business
Mortgage rates crawl toward 7% but market optimistic: Freddie Mac
Mortgage rates hit a new high this week, but the slow crawl to 7% has not dampened home building or the expectation that borrowing costs will fall this year, according to…
Sabato de Sarno, the designer who must turn around Gucci
A storm rolled over Milan as Sabato de Sarno’s big debut for Gucci took place, thwarting plans to use the city’s streets to present his new vision to the world. Last September’s…
State Farm cuts 72,000 California home insurance policies: 'Decision was not made lightly'
State Farm, California's largest home insurance company, announced it would be discontinuing coverage for 72,000 homes and apartment policies in the state starting this…
How Reading FC’s owner left a 150-year-old football club in crisis
On the 18th minute of every home game at Reading football club, supporters rise in unison to boo, no matter the scoreline. The number 18 represents the total points the third-tier…
Al Gore's son carrying on father's climate change legacy as new face of EV policy
If you thought you saw a familiar face during the Environmental Protection Agency’s electric vehicle (EV) announcement on Wednesday, you’re not wrong. Taking center stage to…
Mortgage rate cuts anticipated after inflation data and rates decision
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Modest cuts to fixed mortgage rates are likely over the…
United Airlines lets passengers pool frequent flyer miles
United Airlines is letting its most loyal passengers combine their airline miles with friends and family members. Groups of up to five MileagePlus members can now share and…
Scandal involving baseball star Shohei Ohtani investigated by US league
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Major League Baseball has launched an investigation into…
Biden 'doesn't have a plan' on Social Security solvency, Treasury secretary says
Treasury Secretary Janet Yellen has admitted that President Biden "doesn’t have a plan" — only "principles" — when it comes to preventing Social Security from going insolvent…
France and Germany reach ‘breakthrough’ on joint tank plans
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Germany and France have reached a “breakthrough” on plans…