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Business
Traders see a cloudy outlook as government shutdown expected to drag on for weeks
Traders on prediction markets are betting the federal government shutdown will stretch beyond three weeks, with lawmakers still deadlocked on a funding plan and the Senate not…
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Trump's shortlist to replace Powell is starting to take shape
The names on Treasury Secretary Scott Bessent's radar to lead the world’s most powerful central bank are coming into view. Bessent, who has been interviewing candidates since…
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Trump threatens 'massive' tariff increase on China amid dispute over rare earth minerals
President Donald Trump on Friday said the U.S. is considering imposing a "massive" tariff hike on China in the latest move amid an ongoing trade dispute between the two…
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Some Americans will lose popular 401(k) tax break in major retirement rule change starting 2026
A popular tax break for workers nearing retirement age to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued…
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Iconic 169-year-old retailer to shutter 36 locations
The Orvis Company, one of the nation’s oldest outdoor retailers, plans to close more than two dozen stores by 2026 as part of a broader effort to shrink its retail footprint…
Teck Resources in talks to supply key defence minerals to Canada and US
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Teck Resources is holding talks with the US and Canada…