“Today, the concert ticket industry is broken,” a government attorney told jurors at a civil antitrust trial in early March. Ticketmaster and its parent Live Nation Entertainment have monopolized the market, the Department of Justice argued, driving up the prices for…
Daymond John has amassed an estimated $350 million fortune, invested in dozens of companies on Shark Tank, written five best-selling books, and helmed his own fashion brand, FUBU, by hustling harder than the next person. But these days, John is…
Joseph Stiglitz wants you to hold two ideas in your head at the same time. The first: an AI bubble is building, it will likely burst, it will hurt the macroeconomy, and workers will bear the cost of a displacement…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US private capital giant KKR is targeting a 10-fold return on a potential multibillion-dollar sale of a decades-old company that…
Getting a job in Silicon Valley is so cutthroat that some ambitious unemployed twenty‑somethings are literally hand‑delivering donut boxes stuffed with their résumés to founders’ front desks, hoping it will make them stand out for the hottest tech roles. But…
Office workers who daydream of being their own boss may fantasize about calling the shots, earning sky-high salaries, and setting their own schedules—but stepping into a founder’s shoes would break them from the spell. Logan Brown, founder of AI-powered law…
For the average 20-something in 2026, morning rituals might involve coffee, eggs, and an ever-spiraling digital “pit of despair.” That’s how James Dutton, a 24-year-old social media account manager in Cincinnati, described the feeling of waking up to a flurry…
The Strait of Hormuz isn’t completely closed as several daring ship captains have risked attacks from Iran to transport cargoes through the narrow Persian Gulf waterway, with some claiming to be Chinese. Tanker traffic has largely come to a standstill…
The United Arab Emirates and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co. is “managing offshore production levels to address…
The Iran war exploded further late Saturday as pillars of flame rose above an oil storage facility in Tehran, and Israeli Prime Minister Benjamin Netanyahu promised “many surprises” for the next phase of the week-old conflict. Israel’s military confirmed that it…