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Business
US economy grew faster than expected during the fourth quarter
Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 3.3% on an annualized basis in the three-month period from October…
Soaring power demand from AI and crypto pose threat to grid
Good morning, and welcome back to Energy Source, coming to you from New York.President Joe Biden is delaying plans to approve what would be the country’s largest natural gas export…
Elon Musk says Chinese EV companies will ‘demolish’ competition without tariffs
Tesla CEO Elon Musk on Wednesday warned that Chinese automakers will "demolish" their global competition without tariffs or other trade barriers. His comments come after…
Blackstone plans deal spree to pre-empt market revival
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Blackstone plans to step up its dealmaking before a…
Viral TikToker went from $50K salary to six-figure fame by asking people what they do for a living
TikTok’s Daniel Mac – short for Macdonald – wasn’t trying to achieve social media fame when he posted his first video more than three years ago. "I did not in any capacity…
China’s food delivery apps could fill up on Beijing’s blessing
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Food delivery is a serious business in China. A 30-fold…
Nearly half of young adults say they are ‘obsessed’ with being rich, and financial consequences may ensue
Young adults are more likely to admit they are "obsessed" with chasing after the high life, according to a new survey by Credit Karma and Intuit. The survey conducted by…
Foxtons upbeat on home sales
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Foxtons struck an upbeat tone on home sales on Thursday…
US commercial real estate suffers as telework becomes the new norm
At the beginning of COVID-19 pandemic telework seemed like a temporary fix for not being able to go into the office. But, new research from The Conference Board shows that…
Are deals back?
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning. Ethan here; Rob is off. Disappointing…