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Business
Peter Thiel joins tech billionaires backing new lender Erebor to rival Silicon Valley Bank
Stay informed with free updatesSimply sign up to the Financial servicesmyFT Digest -- delivered directly to your inbox.A group of tech billionaires led by Palmer Luckey, …
Grocery chain recalls chocolate treats due to undeclared allergen
An undeclared allergen has prompted a recall of some lots of Wegmans semi-sweet chocolate nonpareils. The recalled 18.5-ounce tubs of chocolate candy "contain undeclared milk…
US banks announce big shareholder payouts as Fed eases stress tests
Stay informed with free updatesSimply sign up to the US banksmyFT Digest -- delivered directly to your inbox.Investors reaped the rewards of looser bank supervision as Wall…
Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year
Federal Reserve Chair Jerome Powell on Tuesday said that the central bank has held off on cutting interest rates due to concerns about tariff-induced price hikes on consumers,…
Boeing set to take over Spirit in Northern Ireland as buyer talks fail
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing is set to take control of Spirit AeroSystems’…
Notorious hacker group sets sights on airline industry in alarming security threat
The notorious cybercriminal group dubbed "Scattered Spider" is now targeting the airline sector, the Federal Bureau of Investigation (FBI) warned. The FBI posted on X that the…
Germany launches insurance crackdown on Russian ‘shadow fleet’
Stay informed with free updatesSimply sign up to the War in UkrainemyFT Digest -- delivered directly to your inbox.Germany has increased checks on tankers in the Baltic Sea as it…
Labor secretary unveils unprecedented plan to slash 63 'outdated and burdensome' rules
FIRST ON FOX: The Department of Labor is proposing 63 deregulatory actions, including several related to cutting back on diversity, equity and inclusion efforts, building on…
Saks divisive debt reshuffle shows a retail sector under strain
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.What could be more relatable than a holiday spending…
Caitlin Clark's new shoes sell out within minutes, reselling on secondary market for over double
It was rumored that 13,000 pairs of Caitlin Clark's new Nike basketball sneakers were being sold on June 30 – and they were gone before people could even add them to the cart.…