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Business
Cruise ship hit by rogue wave during storm, loses ability to navigate
A Norwegian cruise ship sailing in the North Sea on Thursday lost its ability to navigate after it was hit by a rogue wave during a storm. The MS Maud was en route to Tilbury,…
Russian copycats fill market gaps left by western brands
When Swed House first launched in winter 2021, the “Scandinavian-style” homeware brand of Belarusian entrepreneur Murat Shagylydzhov was one of many local businesses operating in…
Nike forecast cut rattles sportswear stocks as spending stumbles
Nike's stock sank 10% on Friday and dragged shares of other sportswear companies after weak consumer spending forced the Air Jordan 1 shoemaker to cut its annual revenue…
Government caps rail fare increase in England at 4.9% as inflation falls
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ministers have capped next year’s rail fare increase in…
Today’s mortgage rates continue to hold steady for 15- and 30-year terms
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.…
Better luck next time, SoftBank
One scoop to start: BlackRock’s push into alternative investments led it to hold talks with Warburg Pincus as the world’s largest money manager seeks a transformational deal that…
Fed’s favorite inflation gauge cooled more than expected in November
An inflation measure closely watched by the Federal Reserve cooled again in November, providing some welcome relief to millions of Americans who have been crushed by higher…
Saudi-backed fund hit as UAE oil storage Spac runs into trouble
Stay informed with free updatesSimply sign up to the Financial servicesmyFT Digest -- delivered directly to your inbox.A Saudi Arabia-backed investment fund is liquidating the…
Housing affordability plummeted to lowest level on record in 2023
Housing affordability plummeted this year to the lowest level on record amid the astronomical rise in mortgage rates, which put ownership out of reach for millions of…
When your bank rediscovers the case for human contact
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.So now they want to talk. My banking relationship manager…