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Business
USDA calls SNAP benefits program 'out of control,' plans major overhaul
The U.S. Department of Agriculture says it’s working to reform what it calls the "out of control" SNAP benefits program. The agency plans to redirect more of its nutrition…
Chancellor swoops on landlords and wealthy homeowners
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Landlords and owners of expensive homes are to be hit by…
Apple projected to beat Samsung in smartphone shipments for first time since 2011
Apple's smartphone shipments in 2025 are expected to top Samsung's for the first time in over a decade and become the world's leading seller of smartphones, according to a new…
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Amazon investigated by FAA after delivery drone strikes internet cable
The Federal Aviation Administration (FAA) is investigating an incident in which an Amazon delivery drone struck an overhead internet cable in Texas, the agency confirmed to…
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Traders bet big on Fed rate cut as December odds soar above 80% on prediction markets
Prediction markets are heavily signaling a 25-basis-point interest rate cut in December, with probabilities hovering above 80% on both Kalshi and Polymarket. Traders on both…
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Recent college grads are losing their edge in the job market, study shows
College graduates may be losing their edge in the labor market, as the unemployment gap between them and workers with only high school degrees has narrowed and reached its…
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