Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. The writer is a professor at Cornell University, senior fellow at Brookings and author of ‘The Future of Money’ The mood in China is dismal. Indicators of domestic and foreign sentiment — household consumption, private…
The absence of workplace accommodations for employees experiencing menopause isn’t just detrimental to their mental and physical well-being, it’s also damaging to their careers. That’s according to a new survey of thousands of women enduring symptoms of menopause and perimenopause. Women’s health care company Bonafide polled more than 2,000 U.S. women ages 40–64 for its…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla on Monday urged a judge not to award billions of dollars in shares to the lawyers who successfully challenged Elon Musk’s record pay package, painting them as freeriding opportunists attempting to cash in on…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Tesla and BYD sales numbers are released at the end of each quarter, investor focus has inevitably been on which maker has topped the list for deliveries of electric vehicles to customers. It is…
United Airlines Holdings Inc. says another of its Boeing Co. aircraft lost a main landing gear wheel while taking off Monday, a near repeat of an incident in March that helped trigger a federal safety review of the carrier. No one was injured on United Flight 1001, a United spokesman said in an email. The Boeing 757-200…
Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving season has delivered only tepid demand so far. Money managers’ short-only positions in gasoline rose by 5,093 lots to 36,729 lots in the week ended July 2, according to the Commodity Futures Trading Commission. That’s…
Southwest Airlines Co. appointed aviation industry veteran Rakesh Gangwal to its board, an effort to fortify the carrier’s leadership amid demands for sweeping change from activist investor Elliott Investment Management. The addition of Gangwal, the billionaire co-founder of InterGlobe Aviation, which controls Indian budget carrier IndiGo, is the second defensive step taken by Southwest in…
Boeing Co. is discussing a potential path forward with the US Defense Department to preserve its government contract business after the company agreed to plead guilty to a criminal charge tied to two fatal crashes of its 737 Max jet, according to a person familiar with the discussions. A Pentagon spokesperson separately said on Monday…
The tiny, translucent disks are increasingly adorning the faces of Gen Z and millennials when a pimple appears, and over 1 billion of the brand’s signature hydrocolloid patches have sold thus far. Manufacturer Hero Cosmetics also recently netted a partnership with content creator Alix Earle. Founder and CEO Ju Rhyu told Fortune she came up…
The Federal Reserve interest rate that influences global lending rates is higher than it’s been in 23 years. But that isn’t keeping JPMorgan commercial banking clients from feeling optimistic. In a survey of more than 100 founders and senior business leaders of firms that each generate as much as $2 billion, more than 90% said…