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Business
Mercedes-Benz boss urges Brussels to cut tariffs on Chinese EVs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The boss of Mercedes-Benz has called on Brussels to lower…
Voters will carefully consider housing affordability in 2024
Voters are focused on the housing affordability crisis as the contentious 2024 presidential election heats up. More than half of homeowners and renters, 53.2%, admitted that…
Porsche warns profit margins will fall as it refreshes line-up
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Porsche warned its profits would be squeezed this year as…
Former Google consultant says Gemini is what happens when AI companies go ‘too big too soon’
A former Google consultant said the backlash to the company's Gemini artificial intelligence (AI) resulted from going "too big too soon" and floated several ideas for how Big…
Lego profits fall as toy market slumps
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lego posted its slowest sales growth since 2017 but…
Biden targets ultra-rich, corporations in latest tax proposal: Here’s what’s in it
President Biden proposed an array of tax hikes in his annual budget request to Congress that would dramatically raise the rates paid by corporations and wealthy Americans. The…
FirstFT: Stock markets undergo ‘risk reset’ as indices hit new records
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Good morning.Growing optimism about the world economy and improved…
Powerball jackpot rises to $559M after no tickets matched winning numbers
The Powerball jackpot grew to an estimated $559 million after no players won the grand prize in Monday night's drawing. The winning numbers Monday night were: 1, 3, 7, 16, 66…
Gift cards: the crypto off-ramp no one is watching
Stay informed with free updatesSimply sign up to the FintechmyFT Digest -- delivered directly to your inbox.Ugh. UGH.A new study by crypto tax software CoinLedger reveals that the…
February inflation report expected to show another ‘strong’ monthly increase
A closely watched inflation report due Tuesday is expected to show that progress in fighting price pressures within the economy slowed again in February. Economists expect the…