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Business
US telcos: distant cash flows from fibre are uncertain
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The appeal of annuities lies in their predictability. But…
This is how much Americans spend on their car payments monthly
The share of Americans spending more than $1,000 per month on their vehicle payments continued to increase steadily in the third quarter of 2023, according to a recent Edmunds …
UBS chief Sergio Ermotti calls for tougher sanctions on negligent bankers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UBS chief executive Sergio Ermotti has called for greater…
A housing market price drop ‘only seen a handful of times’ is coming in 2024, Morgan Stanley says
The astronomical rise in mortgage rates over the past year has put homeownership out of reach for millions of Americans, but the housing market could soon face an…
Autumn Statement 2023: Alcohol duty frozen to ‘defend the great British pint’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ministers have frozen alcohol duty until next summer in a…
Social Security: Overpayment process changes underway after billions mismanaged
The Social Security Administration (SSA) said it plans to review how it handles overpayments of Social Security benefits. It wants to make it easier for impacted Americans to…
Oil slumps 5% as Opec+ postpones meeting
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oil prices slumped almost 5 per cent on Wednesday after…
New York lawyers offer financial tips to help people recover after a divorce
Divorce can take a huge emotional and financial toll on families. Newly split couples will need to make difficult decisions on how to split major assets, how to adjust…
EU lawmakers back plan to cut packaging waste
EU lawmakers have backed divisive plans to make all packaging in the EU recyclable by 2030 despite intense lobbying from businesses ranging from paper manufacturers to Camembert…
OPEC+ postpones policy meeting to Nov. 30
DUBAI/LONDON - OPEC+ has delayed a ministerial meeting expected to discuss oil output cuts to Nov. 30 from Nov. 26, OPEC said in a statement on Wednesday, a surprise…