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Those who shorted Tesla stock just lost more than $5 billion

Those who shorted Tesla stock just lost more than $5 billion

Since Donald Trump won the election, hedge funds continued to bet against Tesla Inc. lost billions of dollars as they…
IAG initiates $378 million buyback

IAG initiates $378 million buyback

Owner British Airways will begin buying back shares from next week.
Iran implemented rotating power cuts due to fuel shortages

Iran implemented rotating power cuts due to fuel shortages

Unlock Editor’s Digest for free Roula Khalaf, FT Editor, picks her favorite stories in this weekly newsletter. Iran has begun…
Tom Hanks says 35 is the hardest age. He may be right

Tom Hanks says 35 is the hardest age. He may be right

When Tom Hanks reflects on his life and career, age 35 stands out as the most difficult age. Talk to…
Richemont’s sales fall as the pain of China’s luxury goods industry drags on

Richemont’s sales fall as the pain of China’s luxury goods industry drags on

Owner Cartier said weaker consumer spending in China was weighing on sales as the luxury goods downturn is hurting most…
Sudan’s sole caretaker protects ancient treasures from looting

Sudan’s sole caretaker protects ancient treasures from looting

The sole custodian of the pyramids at Meroë, the ancient capital of the ancient Kingdom of Kush, stands alone between…
FTX sues Scaramucci to recover money SBF invested in ostentatious investments

FTX sues Scaramucci to recover money SBF invested in ostentatious investments

FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort…
Monte dei Paschi di Siena posts quarterly fee growth beat

Monte dei Paschi di Siena posts quarterly fee growth beat

The Italian lender reported third-quarter net profit and revenue growth that beat expectations, led by higher fee and commission income.
Poor voters flocked to Trump and other data points from the election

Poor voters flocked to Trump and other data points from the election

Unlock the free White House Watch newsletter Your guide to what the 2024 US election means for Washington and the…
Stock market outlook: The Roaring 20s could last into the 2030s

Stock market outlook: The Roaring 20s could last into the 2030s

Since the U.S. economy began to recover from the pandemic, markets veteran Ed Yardeni has been drumming up a new…
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