UBS agreed to buy Credit Suisse for $3.25bn after a weekend of frantic negotiations brokered by Swiss regulators to safeguard the banking system and try to prevent a crisis spreading in global financial markets. The historic deal comes after five…
Four prominent US lawmakers on banking issues said Sunday they will consider whether higher federal insurance limits on bank deposits are needed to prevent a financial crisis marked by large uninsured deposits from small and regional banks. “I think lifting…
“Shazam! Fury of the Gods ” felt the wrath of the market in its theatrical debut this weekend. The New Line Cinema and Warner Bros. superhero film opened to a disappointing $30.5 million from 4,071 theaters, according to studio estimates…
Retailer John Lewis is considering selling a stake in the business after 73 years of operating as a staff-owned partnership, in a bid to fund the investment it needs to reverse its declining fortunes. A source familiar with the strategy…
Sen. Elizabeth Warren, D-Mass., slammed Federal Reserve Chairman Jerome Powell in an interview with NBC News’ “Meet the Press” Sunday, saying he “failed” in his job and should not be in his role. “He has two jobs. One to deal…
A Pentagon study found high rates of cancer among military pilots and for the first time showed that the ground crew who fuel, maintain and launch the planes are also getting sick. The data has long been sought by retired…
Britain’s eight biggest airports plan to fly almost 150 million passengers a year, the equivalent of 300,000 extra jumbo jets, in a bet that climate targets will not hold back the industry. A Financial Times analysis of the expansion project…
Even artificial intelligence wants to learn from Bill Gates. When the Microsoft co-founder sat down for an interview with British Prime Minister Rishi Sunak last month, the two answered questions generated by AI chatbots like ChatGPT. The bot asked Gates…
In new fortune interview, technology CEO Byran Johnson-whose aging regimen reversed $2 million caught the attention of the internet-said he wants to live long to enjoy more of what life offers. “I love life,” said Johnson, whose rigorous medical intervention…
There are few problems larger than the climate crisis. But one potential solution is so small it cannot be seen with the naked eye: microbes. Tegan Nock, a 32-year-old former rancher who grew up on a farm deep in the…