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Business
Millennials less likely than boomers to own a home, get married early: Study
Not all millennials are worse off than baby boomers were at the same age, but there is an increasing wealth gap growing between the two generations, a new study claims.…
Retailers point to cracks in the picture of US consumer resilience
Unexpectedly strong spending data this week bolstered hopes that Americans would keep shopping in the face of economic pressures, but earnings from some of the country’s largest…
Elon Musk’s Starship rocket reaches space for the first time
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.SpaceX’s Starship rocket reached space for the first time…
Inside the Las Vegas MSG Sphere
At a height taller than the Statue of Liberty and as wide as two aircraft carriers, the MSG Sphere in Las Vegas is just one block from the Strip and promises an exclusive…
Talks between PGA Tour and Saudi sovereign wealth fund set to drag into next year
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The PGA Tour and the Saudi sovereign wealth fund are…
Musk threatens ‘thermonuclear lawsuit’ against Media Matters
Tech billionaire Elon Musk is threatening to file a "thermonuclear" legal action against Media Matters for America, claiming the organization "completely misrepresented the…
First-party delivery fraud becomes an inflation driver in USA
Claiming you didn't receive a package when you did now costs U.S. merchants and financial institutions over $100 billion a year while becoming another driver for inflationary…
NYC restaurant owner sees drastic decrease in business as remote work bruises industry
Joseph Smith, owner of Bobby Van’s Steakhouse, is echoing many restaurateurs’ criticism of remote work as businesses continue to see the impact of post-pandemic norms. "We’re…
Princess Diana dresses worn after divorce from Charles sold to US collector
Five dresses designed by Jacques Azagury, and indistinguishable from ones worn by Princess Diana after she divorced then-Prince Charles, have sold at auction to a U.S.…
OpenAI co-founder Greg Brockman ‘shocked and saddened’ by CEO Sam Altman’s departure
OpenAI co-founder Greg Brockman said he is "shocked and saddened" by the company's board of directors' decision to fire CEO Sam Altman. The board said in a press release on…