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Business
'Nepo-buyers' emerging as America's new class of homeowners making parent-funded purchases
An American housing market "crisis" has some first-time homebuyers turning to the bank of mom and dad to help them achieve the rite of passage. Enter "nepo-buyers," who can be…
The Fed doesn’t care about your bad reputation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.As the Genius Act moves inexorably towards legislation,…
BBC unveils paid subscription plans for US users
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The BBC will charge US users for access to its journalism…
Former MLB star Alex Rodriguez, Marc Lore approved as controlling owners of Timberwolves and Lynx, NBA says
The sale of the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx to a group led by former MLB star Alex Rodriguez and e-commerce entrepreneur Marc Lore has gained…
ABF raises stakes in government stand-off over UK bioethanol plant
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Associated British Foods has upped the stakes in its…
US trade faces pressure in Middle Eastern markets amid recent Israel-Iran conflict and Trump tariffs
SOUTH PITTSBURG, Tenn. – Some U.S. manufacturers have raised concerns that conflict in the Middle East could dry up their business in the region. Recent missile attacks and…
High-priced drones and Japan’s hidden AI champion
Hello, this is Kenji in Tokyo.Since Donald Trump began his second term as US president in January, most of us living in this part of the world have probably got into the habit of…
Former NY governor Cuomo concedes in Democratic primary but doesn't rule out November run
Former New York Governor Andrew Cuomo might have conceded in Tuesday night's New York City Democratic primary, but he may not be out of the race just yet. "I spoke with the…
Are stablecoins money?
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Money is clever, weird stuff. While entirely abstract, it…
Federal judge orders Trump admin to release EV funds signed by Biden to states
A federal judge has ordered the Trump administration to release billions of dollars in funds former President Joe Biden approved to build electric vehicle infrastructure in 14…