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Business
Padel courts become the ultimate status symbol for wealthy homebuyers in luxury buildings
The latest status symbol for the elite? A private padel club. For the top 1%, living in luxury now includes exclusive access to a private padel court, and many of them are…
Elon Musk's net worth plummets by $34B amid escalating feud with President Trump
Tesla CEO Elon Musk’s net worth plunged this week during his and President Donald Trump’s verbal rift. The significant drop brought his net worth down to $334.5 billion late…
Delta warns against imposing new tariffs on commercial planes, parts, amid national security probe on imports
Responding to a federal probe into the national security impact of imported commercial planes, jet engines, and parts, Delta Air Lines urged the government not to impose new…
Walmart expands drone delivery service to 3 more states in race against Amazon
Walmart is expanding its drone delivery service to three more states as it competes with Amazon to be the fastest delivery service. In partnership with Google's Wing, Walmart…
Melrose founders’ Rosebank Industries to raise £1.14bn for first deal
Stay informed with free updatesSimply sign up to the Private equitymyFT Digest -- delivered directly to your inbox.Rosebank Industries, the listed vehicle set up by the founders…
Larry Kudlow shows how the CBO got Trump's 2017 tax bill wrong by trillions
According to the Congressional Budget Office (CBO), President Donald Trump's "big, beautiful bill" would cut taxes by $3.7 trillion while raising deficits by $2.4 trillion…
For the maker of Andrex, adult nappies are a chance to clean up
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nappies are an expanding market, and not just because of…
Mayor quits after facing harassment, threats as texts show her calling Buc-ee's project opponents…
The former mayor of Palmer Lake, Colorado, called people who were against land annexation for a Buc-ee’s store and other measures "terrorists" and "losers," according to local…
It’s time for private equity to go back to basics
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldFor years, private equity’s expedient playbook…
Jack Daniel's maker reveals surprising reason why Americans are drinking less whiskey
Executives from Jack Daniel's parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from…