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Business
‘Crunch time’ as Christmas nears record package shipments threaten on time deliveries
According to the U.S. Postal Service's holiday package tracker, nearly 8 billion packages have been processed for Christmas this year. In 2022, the postal service processed 12…
Powerball jackpot rises to $535 million, up for grabs Saturday evening
The next chance for lottery players to potentially land the over half-billion-dollar Powerball jackpot will come later Saturday. The up-for-grabs grand prize, for which…
Campari/Courvoisier: Italian drinks maker makes spirited case for French brandy
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Only fear and interest unite men, thought Napoleon…
OREO announces first-of-its-kind puffer ‘snacket’ so cookie lovers can store, grab and share snacks
OREO unveiled a new sample clothing item this winter season called a puffer "snacket." The popular cookie, known for its classic black-and-white aesthetic, released a…
Gao Yaojie, Chinese doctor and Aids activist, 1927-2023
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The life of Gao Yaojie, a Chinese whistleblower who…
Delinquencies are rising for credit card, auto loans – and it could soon get worse
A growing number of Americans are falling behind on their monthly credit card and car loan payments, a trend that may be a harbinger of economic troubles ahead, according to a…
The financial engineers behind Shohei Ohtani’s $700mn mega-contract
Hundreds of reporters congregated outside Dodger Stadium in Los Angeles this week to greet Shohei Ohtani and ask how the Japanese superstar made the choice to suit up in Dodger…
Elon Musk says ‘DEI must DIE,’ explains why
Elon Musk is apparently not a fan of diversity, equity and inclusion (DEI) programs, arguing that such initiatives are destructive and need to be ended. The tech billionaire…
The deals that show how lucrative private equity deals can be
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a former investment banker and author of…
Top Fed official calls talks of March interest rate cut ‘premature’
New York Federal Reserve President John Williams pushed back against growing market expectations for interest-rate cuts, calling talks of a March reduction "premature." "We…