Treasury Secretary Scott Bessent declared in mid-April that the United States would not extend a waiver allowing the sale of Russian oil. Two days later, on a Friday evening, the Treasury Department quietly issued another 30-day reprieve. Ukraine’s president, Volodymyr Zelensky, condemned the waiver, saying, ”Every dollar paid for Russian oil is money for the…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The war in Iran has pushed pistachio prices to their highest level in years by disrupting supplies at a time when a growing consumer taste for foods based on the green nut has sent demand…
Just two years after building its first car, China’s largest smartphone maker has already delivered 650,000 electric vehicles — on par with the number of Tesla vehicles sold last year in the world’s largest automotive market. Xiaomi founder Lei Jun, who has earned comparisons with Steve Jobs, now aims to take on Elon Musk’s company…
A man armed with multiple weapons charged a security checkpoint at the White House Correspondents’ Dinner on Saturday night before being “taken down” by U.S. Secret Service agents, President Donald Trump said hours after he was evacuated from the event. One officer was shot, but he was “saved by the fact that he was wearing…
On, the Swiss running-shoe company, is moving fast. Founded in 2010, when it made its first prototype shoe with garden hose, On now has annual sales of $3.8 billion and sells gear that can be worn from head to toe. In the last five years, it started trading on the New York Stock Exchange, its…
It was another week under the thumb of the Iran war. The S & P 500 and Nasdaq each finished Friday at record closing highs after whipsawing on Middle East developments throughout the week. Oil prices also swung sharply as Iran and the U.S. imposed blockades in the Strait of Hormuz, a critical oil shipping…
Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting “right to repair” legislation. Sue Ogrocki | AP It used to be that if…
For many young Americans, dating is becoming as much about finances as it is romance. Half of single Americans surveyed said they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO Financial Group’s 2026 BMO Real Financial Progress Index. The bank polled 2,501 adults in late December through…
Ryan Mckeever | E+ | Getty Images Move over, Sephora kids. While younger generations have been buying beauty products in droves, data shows that a different generation holds more spending power: Generation X. Often dubbed the “forgotten generation,” Gen X spans those born between 1965 and 1980, according to Pew Research Center. Sandwiched between baby…
A British con man was sentenced to 10 years in prison on Monday for swindling nearly $100 million from more than 140 victims. The financial asset he used to build his scheme? It wasn’t crypto or real estate. It was wine. The con man, James Wellesley, told his investors they were making loans to wine…
