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Business
Five years after George Floyd protests, top companies change their tune on DEI
After George Floyd’s death in 2020, many of America’s top companies committed unprecedented sums of cash and promised policy changes, all geared towards racial justice. Now,…
Apollo to finance UK Hinkley Point nuclear plant with £4.5bn loan
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US private equity giant Apollo will provide £4.5bn in…
Social Security trust fund now projected to run dry in 2034, triggering massive benefit cuts
The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs' trust funds, which are expected to be depleted sooner…
Trump SEC chair scraps proposed market rules as he charts new path
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new chair of the US securities watchdog is signalling…
Who could replace Fed Chair Powell? These are the top contenders
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called Chairman Jerome Powell a "numbskull," "Mr. Too Late" and referred to him as…
British retail sales tumble 2.7 per cent in May
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British retail sales tumbled 2.7 per cent in May, a much…
Deaths, pregnancy loss linked to recalled pasta sold at Walmart and Kroger
Three deaths and one pregnancy loss are being attributed to a listeria outbreak linked to newly recalled "ready-to-eat" pasta sold at Walmart and Kroger. FreshRealm, which has…
Howard Lutnick pitches the ‘Trump Card’
One scoop to start: Latham & Watkins is set to poach a star dealmaker from Wachtell Lipton as the Los Angeles-founded law firm, one of the world’s largest by revenue, seeks to…
Starbucks will further align its menu with 'MAHA' initiative, RFK Jr. says
Starbucks' top executive has agreed to further align its menu with the Trump administration’s health goals under its "Make America Healthy Again" initiative, according to…
Why Donohoe is leading the race to fill his own job as Eurogroup head
Good morning. News to start: France is leading a renewed push for more joint EU debt as part of an effort to make the euro more attractive on international markets and raise its…