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Business
Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
After weeks of holding steady, mortgage rates crept higher this week, closing in on 7% for the 30-year mortgage, according to Freddie Mac. The average 30-year fixed-rate…
Directors’ Deals: Stand-in finance director cuts BAT stake
Stay informed with free updatesSimply sign up to the InvestmentsmyFT Digest -- delivered directly to your inbox.British American Tobacco shares have fallen by a quarter over the…
After weeks of rising prices, gas prices remained steady last week: AAA
After a sharp spike upwards last week, the average national gas price held steady this week at $3.27, a AAA report found. Demand for gas also held steady, according to…
Ministers set out plans to ease access to UK pension scheme surpluses
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Employers’ access to billions of pounds of surpluses in…
San Francisco hardware store requires customers to shop with an employee escort to stop shoplifting
A store in San Francisco is reportedly requiring customers to shop with an employee escort in a bid to stop theft. "It’s pretty bad," Sam Black, manager of Fredericksen…
Red Sea crisis causes surge in container ship costs, warns CMA CGM
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Red Sea crisis has caused a surge in costs for…
Drivers want embedded insurance options when they buy a car: survey
A majority of drivers said that integrating the auto insurance process with car buying would make car ownership less of a hassle, a recent survey said. The annual cost of…
BASF extends cost cuts by €1bn as demand for chemicals falls
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BASF has announced an additional €1bn of cost-cutting at…
Surging home insurance costs could force families to leave these 10 states
The astronomic rise in mortgage rates and spike in home prices over the past year has pushed a key tenet of the American dream out of reach for millions of families. Now,…
Thomas Woldbye, the Dane now charting Heathrow’s future
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thomas Woldbye says Heathrow shares just one feature with…