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Business
Senate scraps vote to renominate SEC's Crenshaw following crypto backlash
The Senate Banking Committee has scrapped a vote to advance the renomination of Democrat and crypto-skeptic Securities and Exchange Commissioner Caroline Crenshaw to another…
EY wins first Dax audit client since Wirecard scandal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EY has signed up its first new Dax-listed audit client…
'Very wrong': Elon Musk case sparks calls for reform after judge awarded massive judgment for lawyer fees
A Delaware judge’s ruling that plaintiff attorneys in a case against Elon Musk were entitled to hundreds of millions of dollars in legal fees has prompted renewed calls for…
Water bills to rise by 36% after Ofwat review
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK water regulator Ofwat will allow utilities in England…
Federal Reserve cuts interest rates by quarter point in December
The Federal Reserve on Wednesday announced its third straight interest rate cut, lowering the benchmark rate by 25 basis points amid economic data showing that inflation…
FirstFT: Trump 2.0 looms large over Federal Reserve’s 2025 outlook
Today’s agenda: EY wins client despite German ban; BoE rate decision; US government faces shutdown; draw-it-yourself chart of the day; and the FT’s Person of the YearGood morning.…
Oscar Mayer's 'Wienermobile' is hiring new drivers
Oscar Mayer’s "Wienermobile" is hiring again. The brand, owned by food giant Kraft Heinz, officially began its annual search for new drivers for the massive hot dog on wheels…
Retail theft surges 93% since before COVID-19 pandemic: 'Retailers have not been crying wolf'
The average number of shoplifting incidents jumped 93% in 2023 compared with pre-pandemic times and monetary losses for retailers have risen 90%, according to the nation's…
Mega Millions jackpot closes in on $1 billion figure after latest drawing
Mega Millions’ jackpot edged closer to the billion-dollar mark after its latest drawing brought no grand-prize winner. The lottery said Tuesday night’s drawing didn’t have…
Nissan becomes latest car company to walk back 'woke' DEI practices, following Toyota and Ford
Nissan is reportedly rolling back a number of DEI initiatives, including controversial hiring practices and corporate funding for certain Pride events. Robbie Starbuck, an…