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Business
Chinese authorities toughen quant trading rules in bid to prop up stock market
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Beijing is overhauling how China’s fast-growing quant…
Applesauce recall: State AG’s plead with FDA for toxic metal testing in baby food industry
A group of attorneys general are pressuring the U.S. Food and Drug Administration (FDA) to strengthen protection of baby food within the industry from toxic metals as scrutiny…
HSBC quarterly profits tumble 80% after $3bn charge on Chinese bank stake
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC’s pre-tax profits fell 80 per cent year on year in…
GM pauses sales new line of trucks over software issue
General Motors said Tuesday it has temporarily paused sales of 2024 model year Chevrolet Colorado and GMC Canyon mid-size trucks to fix intermittent software quality issues.…
Delta flight to view total solar eclipse sells out
People rushed to scoop up tickets for a Delta Air Lines flight designed for watching the upcoming total solar eclipse. Hopeful solar eclipse viewers have already bought up all…
Ford cuts prices of electric Mustang Mach-E by up to $8,100
Ford Motor Co. on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The No. 2 U.S. automaker's…
South Korean business worries rise over Biden’s IRA law
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US and South Korea have been brought closer together…
‘Wolf of Wall Street’ says college a ‘complete waste of time’ for most students: ‘Avoid it…
Famed former Wall Street broker Jordan Belfort commented on the diminishing value of a college education, after a new report found some college students learned less than high…
Banks need to wake up to powers of attorney demands
Readers who have tried to set up a lasting powers of attorney for themselves or a relative may find that certain banks have very limited capacity when it comes to dealing with the…
DC federal jury convicts 2 Chinese nationals of duping Apple out of over $3 million with fake iPhones
A Washington, D.C., federal jury convicted two Chinese nationals on Tuesday, for being part of a scheme in which they submitted over 5,000 fake iPhones to Apple for repair,…