Business

Mastercard-backed startup On Me wants to disrupt the $200 billion gift card duopoly

Founded by Google veterans, On Me is launching its digital-focused gift card product with $1.7 million in funding from Lerer ...

Private payrolls grew by 146,000 in November, less than expected, ADP says

Companies added 146,000 on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate ...

Eli Lilly’s Zepbound causes greater weight loss than Novo Nordisk’s Wegovy in head-to-head trial

Zepbound’s greater weight loss is a huge advantage for Eli Lilly, which is competing with Novo Nordisk for a larger ...

GM expects more than $5 billion impact from China restructuring, including plant closures

General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than ...

Foot Locker issues gloomy holiday outlook, blames soft consumer demand

Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.

Macron urges lawmakers to vote for Barnier

French president downplays economic risks triggered by likely government collapse on Wednesday

5 things to know before the stock market opens Wednesday

Here are five key things investors need to know to start the trading day.

Peter Thiel-backed entrepreneur says DOGE should use AI to ‘refactor’ the U.S. legal system

AI can analyze court proceedings, legal filings, and administrative rulings to determine which statutes and regulations are never cited or ...

Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month

Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale.

Bill Gates wants to help ‘make sense of the world around you’ this Christmas with his holiday reading list

The Microsoft co-founder and philanthropist recommends four works of non-fiction largely grouped around technological progress and its impact on society. ...

CAT Labs, a startup fighting tech-enabled crime, raises $5.4 million seed round

CAT Labs has raised a $5.4 million seed round led by M13, the company exclusively told Fortune. Read More

McDonald’s Quarter Pounder E. coli problems end as FDA closes investigation into outbreak linked to onions

The outbreak, which was first reported Oct. 22, sickened at least 104 people in 14 states, including 34 who were hospitalized, ...

Qatar and the U.K. to invest £1 billion in climate-friendly technologies

Qatar’s investments in the British economy are estimated at more than £40 billion and the emirate indicated in 2022 that ...

Spain’s new ‘Big Brother’ travel rules are driving tourists to explore other holiday destinations

The goal is to boost security and the “fight against terrorism and organised crime”. Failure to comply could result in ...

Analysts are bullish on Marvell after earnings, with one calling stock a ‘top custom AI chip play’

Wall Street sees more upside in story for Marvel Technology after a strong quarter.

Los Angeles’s pivotal 2028 Olympic Games

Bringing in 15 million visitors to watch more than 15,000 athletes compete in 36 sports requires money, technology and an ...

Former SmileDirectClub customers might be eligible for a refund from $4.8 million recovered from shuttered company

“We are putting money back into people’s pockets who were cheated.” Read More

Trump defense pick Pete Hegseth faces Senate scrutiny over sexual assault and workplace alcohol use allegations

Hegseth is running into questions amid a sexual assault allegation, which he has denied, and other emerging reports about his ...

Trump pick to run the DEA withdraws after conservative backlash over quotes about immigration, diversity and COVID rules

Some flagged comments Chad Chronister made in a video about Florida immigration laws, where he praised the “rich diversity” of ...

FBI tells telecom firms to boost network security following massive Chinese hacking campaign

A sprawling Chinese hacking campaign gave officials in Beijing access to private texts and phone conversations of an unknown number ...

Airline executives set to defend seat fees before Senate panel

Executives from American, United, Delta, Frontier and Spirit are set to testify before a Senate panel Wednesday about their seating ...

EU to crack down on Asian online retailers

Potential charges aim to slow surge of goods sold on sites such as Temu and Shein that evade custom duties ...

Contentious budget plans are wreaking political havoc across Europe

Post-pandemic fiscal rules are putting pressure on even the most hawkish EU members in the euro zone.

Inside Aleppo: the Syrian city captured by rebels

Opposition supporters are ecstatic but others are wary of their new Islamist rulers as Assad regime begins counteroffensive

Central banks should tread cautiously with rate cuts, says OECD

Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludes

BoE governor expects four UK rate cuts next year as inflation eases

Andrew Bailey welcomes better than expected fall in price growth in FT interview

The top jobs that pay $200,000+ require two things: Advanced degrees and in-person working, research shows

Companies are increasingly dropping degree requirements and letting workers dial in remotely—but these sorts of jobs won’t land you the ...

‘Revenge cycle’: South Korean crisis highlights deep political divide

Dramatic attempt to impose martial law exposes democratic vulnerabilities in highly polarised country

France’s political chaos casts long shadow over economic growth

“At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain ...

Autodesk CEO: AI can help the U.S. fix its crumbling infrastructure before it’s too late

The U.S. simply does not have enough labor or materials needed to prepare its infrastructure for an uncertain future, writes ...