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Business
Mortgage rates continue their upward climb, prospective buying activity down
Mortgage rates continued to climb this week, with the 30-year fixed-rate mortgage hitting 6.94%, according to Freddie Mac. That's up from last week when it averaged 6.90%. The…
The JPMorgan banker tasked with reviving Citi’s investment bank
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At JPMorgan Chase, investment banking head Vis Raghavan…
Iowa basketball ticket prices surge after Caitlin Clark decides to enter 2024 WNBA Draft
The Iowa Hawkeyes' Caitlin Clark recently surpassed Kelsey Plum to become the top scorer in NCAA women's basketball history On Thursday, Clark announced she will enter this…
Norway wealth fund sells Jardine stake over Indonesia gold mine worries
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Norway’s $1.6tn sovereign wealth fund has sold out of its…
Elon Musk suing OpenAI, Sam Altman for breaching not for profit mission
Elon Musk is suing ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, saying they had abandoned the company's original founding mission to develop…
M&S wins legal challenge against government over Oxford Street store
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Marks and Spencer has won a legal challenge in the High…
The reason why videos on TikTok are becoming longer
As TikTok pivots to long-form storytelling, creators are introducing multipart episodes to monetize views and grow their audience, ushering in a new era of the platform and…
Why Tokyo’s record property prices are not just another real estate bubble
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Japanese equity prices hit a historic record last month.…
Heritage Store hydrogen peroxide mouthwashes recalled due to child packaging violation, risk of poisoning
Nutraceutical announced hydrogen peroxide mouthwashes by Heritage Store were recalled Thursday after the bottles were discovered to be in violation of child-resistant…
Rightmove profits rise as estate agents pay more to shift homes in downturn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rightmove boosted revenues and profit last year as estate…