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Business
IRS hands workers bigger tax break for business expenses in 2026
People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the…
US fusion strategy stuck in past as China moves ahead, CEO warns
During the Cold War, the U.S. and the Soviet Union competed across nearly every arena, including space. The rivalry shifted dramatically on Oct. 4, 1957, when the U.S.S.R.…
Trump calls Fed chair Powell a 'fool,' threatens lawsuit over headquarters renovation
President Donald Trump on Monday launched a renewed attack on Federal Reserve Chair Jerome Powell, accusing Powell of "gross incompetence" and threatening to sue him over the…
Luxury retail giant Saks weighs bankruptcy filing, report
Saks could be the next department store to seek relief in bankruptcy court amid growing liquidity challenges. Saks Global Enterprises, the parent corporation of Saks Fifth…
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Workers in 19 states get pay boost as minimum wages jump nationwide on New Year's Day
American workers at the bottom end of the pay scale are set to see the minimum wage rise in 19 states effective on New Year's Day, while three other states are also planning…
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Octopus Energy swings to a loss as it hits 10mn customers globally
Stay informed with free updatesSimply sign up to the Energy sectormyFT Digest -- delivered directly to your inbox.Octopus Energy has swung back to an annual loss and saw its…
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