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Business
Is the American dream dead? Gen Z balking at homeownership to rent luxury apartments
Gen Z no longer sees homeownership as an aspiration and is increasingly balking at mortgages to rent in luxury amenity-filled apartments instead. Young Americans have taken to…
ECB to start cutting interest rates in second quarter of 2024, economists predict
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Falling inflation is set to prompt the European Central…
Mortgage rates drop again, but pending home sales stall
Mortgage rates marched down again this week in a hopeful sign for prospective buyers, but flat pending home sales indicate the recent declines have so far not been sufficient!-->-->…
How AI-created fakes are taking business from online influencers
Pink-haired Aitana Lopez is followed by more than 200,000 people on social media. She posts selfies from concerts and her bedroom, while tagging brands such as haircare line…
Video captures terrifying landing for American Airlines flight
A London-bound airplane from California made a dicey landing at London Heathrow Airport on Wednesday, as crosswinds appeared to cause the aircraft to tip before touching down!-->-->…
Rate rises hand European banks a €100bn windfall
Stay informed with free updatesSimply sign up to the European banksmyFT Digest -- delivered directly to your inbox.European banks have received a €100bn windfall from rising!-->!-->…
What 2024 has in store for luxury
For the €362bn personal luxury goods sector, 2023 may go down as the year that the post-Covid bubble finally burst.Despite the reopening of China at the start of the year, demand…
AMC apologizes to civil rights leader for North Carolina movie theater seating incident
A North Carolina civil rights leader and minister was told he could not use his own chair at a screening of "The Color Purple" in a Greenville AMC theater, and now the chain!-->-->…
New Year’s Eve parties inside Times Square carry hefty price tag, over $12K to ring in 2024
For partygoers looking to ring in 2024 in the heart of New York City, a close-up spot to watch the iconic ball drop is going to cost hundreds to thousands of dollars. Some!-->-->…
Google agrees to settlement in $5B lawsuit accusing the company of tracking users in ‘incognito’ mode
Google has agreed to settle a lawsuit claiming the search engine giant secretly tracked millions of users’ internet use, despite believing they were browsing in incognito!-->-->…