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Business
Los Angeles dessert shop announces sudden closure of locations, cites cost of business in California
A Los Angeles dessert shop that had been open for more than three decades announced its abrupt closure this week, citing the increasing costs of doing business in California.…
Live news: Treasury yields surge and US stocks fall as rate cut bets ease
US stocks declined in the first session of the year, while Treasury yields surged as traders moderated expectations for interest rate cuts.The benchmark S&P 500 fell 0.6 per…
Biden renews ‘keep going’ call on college debt handouts
President Joe Biden reiterated Tuesday his administration aims to "keep going" with canceling federal student loan debt. "My Administration has cancelled student debt for 3.6…
Big Four firms rethink governance after year of mis-steps and scandals
A series of scandals and strategic mis-steps exposed shortcomings in the governance of Big Four accounting and consulting firms in 2023, prompting a rethink about how best to hold…
LARRY KUDLOW: The legacy of these Bidenomics mistakes lives on
While it's perfectly true that the third quarter economy, at least in terms of GDP, was stronger than expected and inflation rates have come down (undeniably true), President…
FirstFT: BYD takes top spot as world’s biggest EV maker
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning and happy new year. Welcome back to FirstFT.…
US national debt tops $34T for first time in history
The U.S. national debt topped $34 trillion for the first time ever, crossing a critical milestone at a time when government spending is already under scrutiny. The national…
FirstFT: Bitcoin surges on hopes for ETF approval
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Bitcoin has surged to its highest level since April 2022 amid speculation…
Maersk pauses shipping operations in Red Sea indefinitely after weekend Houthi attack
Shipping giant Maersk said Tuesday it will pause operations in the Red Sea "until futher notice" after another attack by Iran-backed Houthi rebels in Yemen over the weekend. …
One-quarter of UK buy now, pay later users hit by late repayment fees
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Almost one-quarter of UK buy now, pay later users have…