The resilient consumer has kept the US economic engine running, but it’s coming at a big cost: Americans are piling up record credit card balances,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The IMF…
Optus outage affects millions of Australians, phone and internet connections still down
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Millions of Australians were left without a phone or internet connection on Wednesday after the country’s second-largest telecommunications provider experienced an unexplained…
Cravath creates non-equity partner tier as it seeks to retain legal talent
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cravath, Swaine…
A growing number of cash-strapped Americans are cracking their nest eggs for emergency funds. The number of 401(k) plan participants taking hardship distributions increased…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock is…
Execs ignored the damage Instagram does to teens, Meta whistleblower tells Congress
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Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram, a…
Live news: Asian equities edge lower as Fed cautions on pause in interest rate rises
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Rivian plans to make an additional 2,000 vehicles this year, while cutting its full-year projection for adjusted losses to $4bn. The California…
Wall Street gained Tuesday as the continued slide in Treasury yields helped propel stocks higher. The S&P 500 index climbed for the…
Two of the world’s biggest private equity groups have reported starkly diverging fortunes as KKR boosted its fundraising expectations while Carlyle axed…