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Business
Electric vehicles: insurers balk at battery fires and write-offs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla owners must be choking on their kale smoothies.…
Joe Rogan’s CBDC fear is already here
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In August, the singer Post Malone casually brought up the…
Oil slide hits Exxon Mobil profits
Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.…
Goldman Sachs CEO warns the Fed’s rate hike campaign will serve ‘shock to the system’
The CEO of one of Wall Street’s biggest market makers and movers cautioned that the U.S. economy will be more "fragile" going into 2024 and that the Federal Reserve may not be…
NatWest: weak interest margins add a Rose tainted outlook
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In autumnal London, when it rains it can pour. On Friday,…
Abercrombie sued over former CEO’s alleged abuse of male models
Abercrombie & Fitch was accused in a lawsuit of enabling former chief Mike Jeffries to run an alleged sex-trafficking operation for years. Jeffries ran Abercrombie from…
Strike by Northern Ireland vets risks empty supermarket shelves, industry warns
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A pay strike by vets and port inspectors next week…
JPMorgan Chase CEO Jamie Dimon to sell company stock for first time
JPMorgan Chase chairman and CEO Jamie Dimon will soon sell some of his family’s holdings in the bank for the first time, offloading 1 million of the total 8.6 million shares…
The Lex Newsletter: hair-trigger selling brings High Noon to equities
Nuclear physicist Niels Bohr, a fan of cowboy movies, hypothesised that shoot-outs were typically won by the duellist who drew his pistol second. Reactions are faster than actions,…
Los Angeles, other liberal cities among biggest targets as organized crime problem costs retailers billions
Organized retail crime is surging in large cities across the U.S., according to a recent national survey. The National Retail Federation — the largest retail association —…