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Business
Costco said to be testing out membership card scanners at entrances
Retail giant Costco Wholesale is reportedly testing out a way to make sure its customers maintain their elite status. Costco Insider, a website that says it gets its tips from…
Internal review backs Business Insider reporting of Oxman plagiarism claims
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Reports of plagiarism against the academic Neri Oxman,…
America’s offices are the emptiest they’ve been in at least four decades, according to report
America’s offices are the emptiest they've been in at least four decades as a result of the pandemic and the rise in remote work. Nearly 20% of offices are sitting empty,…
Banks say US consumers in good shape but poll shows Biden gets no credit
The biggest US banks believe American consumers have weathered the Federal Reserve’s cycle of interest rate rises in good shape, but a new poll shows Joe Biden is getting no credit…
How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up
Adebayo Ogunlesi, co-founder of Global Infrastructure Partners, credits his wife Amelia for a career switch that led on Friday to a $12.5bn deal and a leadership position at…
McKinsey’s revenue from prime US government contracts falls to 9-year low
McKinsey’s work as a prime contractor to the US government fell last year to the lowest level since 2014, new data shows, even after the consulting firm was added back to a list of…
Jamie Dimon weighs in on AI, says only ‘God knows’ what the tech will do for humanity
As artificial intelligence continues to revolutionize the world around us, JPMorgan Chase CEO Jamie Dimon predicts that the technology will have a "tremendous" impact on…
Private equity has to make returns the hard way, says Goldman Sachs executive
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity can no longer rely on borrowing cheap…
‘The Crown’ costumes, props head to auction as drama series concludes
"The Crown" is putting 450 items from the show's set up for auction on Feb. 7. Pieces that will be on display include a replica of Queen Elizabeth II's Coronation gown and a…
German insolvencies set to rise as Covid aid ends and economy stagnates
German companies are expected to go bust at a higher rate this year following a sharp increase in insolvencies in 2023, as businesses hit by high energy costs and the end of…