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Business
Fed minutes show tariff inflation fears outweighed jobs market in July rate decision
The minutes of the Federal Reserve's July meeting released on Wednesday showed that policymakers were more concerned about the risk of inflation from the impact of tariffs…
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CVS Caremark ordered to pay $290M after Medicare fraud scheme exposed by former Aetna whistleblower
A federal judge has ordered CVS Health’s pharmacy benefit manager, Caremark, to pay nearly $290 million after a whistleblower accused the business of overcharging Medicare on…
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Betting markets show Mamdani maintains a big lead in NYC mayoral race,
New York State Assemblyman Zohran Mamdani is holding on to a sizeable lead in the New York City mayoral race, prediction markets data shows. Mamdani, the self-described…
Europe’s rich watch Norway’s election debate on wealth taxes
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The thought of an election in one country being decided…
Major retailer says 'no' to California, pulls zero punches outlining economic 'reality'
Bed Bath & Beyond’s Executive Chairman Marcus Lemonis announced on Wednesday that the company won't open or operate retail stores in California, saying the decision "isn’t…
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Target names new CEO as retailer fights to reverse sales slump
Target announced on Wednesday that Chief Operating Officer Michael Fiddelke will become its next CEO as the embattled retailer pushes ahead with a turnaround effort to revive…
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