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Business
Trump demands 'terrible' Fed chair Powell resign immediately, calls for rate cuts
President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell during a Cabinet meeting on Tuesday, calling for him to resign so that he can appoint a new…
Currys shows fragility of retail success stories
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Just over a year ago, UK electrical retailer Currys…
CVS Caremark drops coverage of popular weight loss drug
CVS Caremark, one of the three major pharmacy benefit managers (PBM) in the U.S., stopped coverage for Eli Lilly's popular weight-loss drug Zepbound, blaming drugs like it for…
SpaceX heads to $400bn valuation in share sale
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s SpaceX is preparing to sell about $1bn of its…
Hotel giant announces opening of 'game-changing' hotel for extended stays
Hilton is now welcoming "long-stay guests, including traveling nurses and relocating workers" looking for accommodations for 10 nights or more. On Tuesday, the hospitality…
The Hong Kong stock market’s tentative revival
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hong Kong’s status as a global financial hub has been…
GOP's new landmark bill forces states to pay for costly food stamp errors
Republicans' One Big Beautiful Bill Act is overhauling the federal food stamps program to require states to pick up the tab when they have error rates above a specific…
Trump administration looks to ban Chinese groups from buying US farmland
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Trump administration plans to ban Chinese…
Psychiatric medication is in dire need of innovation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the director of mental health at the…
Amazon Prime Day kicks off massive summer discount season: How are Walmart and Target competing?
Amazon Prime Day officially gets underway today. The e-commerce giant said Prime members will get discounts on items in a variety of different product categories over the…