The major averages all printed new all-time highs this week, driven by renewed optimism after a slightly cooler-than-expected inflationary report. Despite the continuation of Federal Reserve policy uncertainty, investors remain positive and seemingly still believe that a “soft-landing” is still…
Volkswagen AG’s all-in on electric vehicles plan is no more. The namesake VW brand, which pitched its ID family of electric cars as central to its future, admitted last week it will need more plug-in hybrids as EV sales decelerate. This marks…
It was the image that launched a social media sensation: football superstars Cristiano Ronaldo and Lionel Messi hunched over a chess game set atop Louis Vuitton’s signature luggage. That 2022 campaign image broke the record at the time for most…
Student protests against the ongoing Israel-Hamas conflict have brought battalions of police in riot gear to college campuses, enraged some billionaire donors, and led to canceled graduation ceremonies. One constant refrain at these protests is the call for college endowment…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI’s top safety leaders left the company this week after disagreement over whether to prioritise “shiny products” or safety reached…
Don’t expect the Dow Jones Industrial Average’s momentum to 40,000 to stay in place, if one of the oldest indicators on Wall Street is to be believed. The Dow hit an intraday high of 40,051.05 on Thursday before closing slightly…
The Dominican Republic is having a moment. Ten million tourists a year are flocking to its beaches, helping drive one of the region’s best performing economies. Poverty is near a record low, and investment at an all-time high. Even Fast &…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BT chair Adam Crozier received letters from several MPs about problems with the Post Office’s Horizon IT system when he…
All eyes will be on Nvidia next week as investors consider what’s next for the AI trade. Stocks have reached all-time highs this week, crashing through one milestone after another as cooler inflation data cheered investors worried about a Federal…
Federal wildlife officials declared a rare lizard in southeastern New Mexico and West Texas an endangered species Friday, citing future energy development, sand mining and climate change as the biggest threats to its survival in one of the world’s most…