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Business
Elliott Management named in suit blasting ‘sweetheart’ activist deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An agreement that activist investor Elliott Management…
Google loses $96B in value on Gemini fallout as CEO does damage control
Google parent company Alphabet has taken a beating in the stock market since pulling the plug on features of its artificial intelligence tool, Gemini, after users flagged its!-->-->…
Macy’s turnaround plan won’t recapture the old magic
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tony Spring’s first month as Macy’s newly installed chief…
Regal parent says this heightened movie theater experience will bring people back
Movie theater chains are revitalizing how consumers watch movies on the big screen to recapture lost revenue after the pandemic. Cineworld Group, which emerged from bankruptcy!-->-->…
Covid causes lasting damage to cognition and memory, research finds
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Infection with Covid-19 can cause lasting damage to…
Major Gavin Newsom donor benefitting from California $20 minimum wage exemption pushed by governor: report
A major donor to Democratic California Gov. Gavin Newsom is expected to reap the benefit of an obscure exemption to the state's new $20 minimum wage regulations for the fast!-->-->…
FirstFT: Sequoia China founder Neil Shen acquired Singapore residency
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning — we start today with a scoop out of Singapore.Neil!-->!-->…
Bumble reducing its workforce by 37%
Bumble is giving 350 of its workers the ax. The job cuts, announced Tuesday, are meant to "better align operating model with future strategic priorities and to drive!-->-->…
Donald Trump asks court to accept $100mn bond as he appeals New York fraud verdict
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump and the New York attorney-general are…
Coinbase users experiencing buying and selling errors, zero account balances
Coinbase said Wednesday it is investigating after users reported experiencing errors in buying and selling on the exchange, as well as seeing empty account balances. CEO Brian!-->-->…