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Nissan and GM warn Trump’s plans to gut Inflation Reduction Act will hurt US EV sales
Stay informed with free updatesSimply sign up to the Electric vehiclesmyFT Digest -- delivered directly to your inbox.Carmakers have warned that tearing up the Inflation Reduction…
Americans in these states will pay less in taxes this year
A number of states are lowering income taxes this year, putting more money into many Americans' pockets as they continue to grapple with stubborn inflation. At least 12…
Billionaire hedge fund manager and Harvard alum reacts to President Claudine Gay’s resignation
Billionaire Harvard graduate Bill Ackman wasted no time in issuing a public reaction to Harvard President Claudine Gay tendering her resignation on Tuesday, delivering a…
Claudine Gay to continue as Harvard faculty member, likely to keep $900K salary
The recently-resigned Harvard President Claudine Gay will still likely earn nearly $900,000 a year despite there being numerous plagiarism allegations against her. Gay, whose…
Pension fund slashes value of its Thames Water stake by almost two-thirds
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of the biggest investors in Thames Water has slashed…
Company recalls over 6,700 pounds of patties, ground beef in response to possible E. coli
Nearly 6,800 pounds of uncooked beef patties and ground beef produced by an Illinois-based company recently became subject to a recall. The recall by Valley Meats LLC arose…
US EV clampdown will mean shake-up for Asia’s battery makers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tax credits on electric car purchases in the US just…
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…