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Business
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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McDonald's to slash combo meal prices to win back budget-conscious shoppers
McDonald's franchisees will cut the cost of combo meals to revive the chain’s image as an affordable option at a time when many consumers are keeping a close eye on their…
Trump calls for Fed governor's resignation as ally requests DOJ probe
President Donald Trump on Wednesday called for the resignation of a Federal Reserve governor after one of his allies submitted a referral requesting that she be investigated…
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Trump hits Federal Reserve Chair Powell over housing industry in latest attack, blasting mortgage rates
President Donald Trump this week launched twin attacks on social media against Federal Reserve Chair Jerome Powell and Federal Reserve Governor Lisa Cook. On Tuesday, Trump…