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Business
China’s Evergrande has liquidation hearing postponed until January
China's Evergrande Group has been granted an adjournment for a court hearing focused on a potential liquidation.The adjournment allows the property developer time to finalize…
It’s 2023 and fund managers still suck
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Via Jefferies:Only 43 per cent of active equity managers…
Uber shares rally on S&P 500 inclusion
Uber is driving into the big leagues as one of the newest incoming members of the S&P 500, the broadest measure of the U.S. stock market. Ticker Security Last Change…
Ex-Freshfields partner ‘highly likely’ to be convicted in tax scandal, says judge
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Freshfields Bruckhaus Deringer’s former global head of…
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA), but many seniors will also face higher medical care costs. Social…
A party, Powell style
Stay informed with free updatesSimply sign up to the US & Canadian companiesmyFT Digest -- delivered directly to your inbox.Last week, Federal Reserve chair Jay Powell gave a…
These housing markets are expected to see double digit sales growth in 2024
U.S. housing markets that saw the biggest sales declines in 2023 are projected to achieve double-digit sales growth in the new year, according to data from Realtor.com.…
Chinese developer Evergrande wins more time for restructuring deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Hong Kong judge has delayed a decision on Evergrande’s…
Spotify to cut 17% of its workforce in 3rd layoff this year despite Taylor Swift’s success on the platform
Music streaming giant Spotify announced Monday that it will lay off around 1,500 employees, or 17% of its workforce, in an effort to further reduce expenses. The latest round…
Evergrande: liquidation would leave China with 1.5mn angry homebuyers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An abrupt turn of events has bought yet more time for…