Business
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US stocks close at record highs for second straight day
July 3, 2024
US stocks close at record highs for second straight day
US stocks close at record highs for second straight day
McDonald’s shortens breakfast hours due to egg shortage in Australia
July 3, 2024
McDonald’s shortens breakfast hours due to egg shortage in Australia
Fast-food breakfast sandwich loyalists beware: It’s best not to put all your eggs in one basket. McDonald’s has cut breakfast…
Skydance Media’s deal to buy Shari Redstone’s family company is back in the works
July 3, 2024
Skydance Media’s deal to buy Shari Redstone’s family company is back in the works
Skydance will pay $1.75 billion for National Amusements under a preliminary agreement.
A winning bet if homebuilder shares continue to weaken amid high interest rates
July 3, 2024
A winning bet if homebuilder shares continue to weaken amid high interest rates
In late May, I published my bearish thesis on homebuilders and put forward a trade for DR Horton (DHI). Since…
‘In a healthy system, you learn from failure. Why doesn’t the Treasury?’
July 3, 2024
‘In a healthy system, you learn from failure. Why doesn’t the Treasury?’
This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists Sir Paul Collier…
Can Gen Z save tea? How young Brits are rekindling their love for the classic cuppa amid a crisis of relevance
July 3, 2024
Can Gen Z save tea? How young Brits are rekindling their love for the classic cuppa amid a crisis of relevance
In May, the parent companies of two of Britain’s top tea brands reported record sales: Kallo Foods, which owns Clipper…
Underground network secretly smuggles Nvidia chips into China
July 3, 2024
Underground network secretly smuggles Nvidia chips into China
The Wall Street Journal has uncovered a largely hidden network of buyers, sellers and couriers that are skirting Biden administration…
Skydance Paramount’s Deal With Redstone’s National Amusements Is Revived
July 3, 2024
Skydance Paramount’s Deal With Redstone’s National Amusements Is Revived
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on October 21,…
Eli Lilly’s New Alzheimer’s Drug Gets FDA Approval
July 2, 2024
Eli Lilly’s New Alzheimer’s Drug Gets FDA Approval
Eli Lilly & Co.’s Alzheimer’s drug has been approved in the United States, becoming the second drug to slow the…
Tesla deliveries fall, but not as much as feared
July 2, 2024
Tesla deliveries fall, but not as much as feared
Tesla’s car sales fell for a second straight quarter but not as much as expected, helping to boost the company’s…