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Business
Most infamous cryptocurrency fraud schemes of all time
The growing prevalence of cryptocurrency has also led to more frequent — and elaborate — cryptocurrency scams over the years. One such scam by a fraudulent cryptocurrency…
Tequila sunset? Demand slowdown poses dilemma for agave growers
In the highlands of Jalisco, Mexico’s largest tequila-producing region, some growers of agave, the spirit’s base ingredient, are fearful of committing to another seven-year…
China struggles to disperse cheap loans to businesses in economic slowdown
Stay informed with free updatesSimply sign up to the Chinese economymyFT Digest -- delivered directly to your inbox.Chinese authorities have struggled to disperse $740bn in cheap…
Consulting firm McKinsey to pay $78M in U.S. opioid settlement with health insurers, company benefit plans
Consulting firm McKinsey & Co. has agreed to pay $78 million to settle claims by U.S. health insurers and benefit plans that its work with drug companies helped fuel an…
US law firms hand out bonuses and raise pay despite slowdown
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US law firms are ending 2023 with pay rises and bonuses…
Dave Calhoun’s Boeing turnaround efforts leave much for his successor to do
When Dave Calhoun took over as Boeing’s chief executive in January 2020, the company was in crisis. Four years later, with his expected successor starting her role as chief…
New York City movie-goers recount ‘disgusting’ AMC theater visits: ‘Rats running across our…
New York City moviegoers were sent running to the exits after what was supposed to be a leisurely experience devolved into a heart-racing horror. An AMC movie theater in the…
California to offer 700,000 illegal immigrants free healthcare as deficit soars and population shrinks
California is ushering in 2024 with free healthcare for more than 700,000 migrants living illegally in the Golden State as the state is faced with a looming $68 billion…
Hershey sued, accused of ‘deception’ in Reese’s Peanut Butter Pumpkins
A Florida woman is suing Hershey after she says she was deceived by the chocolate brand's packaging of its holiday-themed items. In a proposed federal class action lawsuit…
Stampede into money market funds sparks fee bonanza for asset managers
Record inflows into US money market funds in 2023 have triggered a multibillion-dollar fee bonanza for the asset management industry, which for years treated the product as a…