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Business
Super Bowl consumer spending will reach record level spurred by strong job growth
Spending on Super Bowl food is expected to reach a record even in the face of persisting inflation. Wells Fargo economists said while consumers are still battling food…
Why rocketing US mortgage lenders have gone too far, too fast
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.America’s real estate market remains stuck in the mud.…
These 5 cities have the largest inflation problem: survey
Inflation and rising prices are chief reasons why Americans are struggling to reach their financial goals, and people in these five cities have been impacted the most, according…
Novo Nordisk strikes $11bn deal to expand production of Ozempic weight loss drug
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novo Nordisk has agreed to acquire three manufacturing…
Homeowners’ monthly mortgage payments dropped to lowest rate in years
Good news for homebuyers and homeowners alike: monthly mortgage payments have dropped to their lowest average rate in years, according to a recent Redfin report. The average…
Hertz pauses plans to buy electric vehicles from Polestar this year
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hertz has paused plans to buy tens of thousands of…
McDonald’s sales hit over Middle East conflict
McDonald's sales took a hit in the latest quarter due to the ongoing turmoil in the Middle East. It primarily impacted the international development licensed markets and…
Y2K23’s Y2K moment: Blaming the internet for bank runs
Steven Kelly is associate director of research at the Yale Program on Financial Stability and publishes research notes at his Substack, Without Warning.Silicon Valley Bank’s former…
Apple sees ‘great opportunity’ for Vision Pro headset for businesses
Apple executives said they believe the newly-released Vision Pro offers a "great opportunity" for the business world. CEO Tim Cook and CFO Luca Maestri both expressed…
Range Rover’s cult status should mean a smooth drive at Tata Motors
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Land Rover as a brand has managed to strike a successful…