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Donald Trump held his first rally since leaving the White House on Saturday night, addressing thousands of supporters in a freewheeling speech at a fairground in north-east Ohio that the former US president billed as the “very first rally of the 2022 election”. “My fellow Americans, our movement is far from over,” Trump told throngs

Shareholders in Toshiba have prolonged “instability and uncertainty” at the troubled conglomerate with their shock vote to remove the chair of the company’s board, said a director who saw no choice but to resign following last Friday’s investor revolt. In exclusive remarks made to the Financial Times following his sudden resignation on Friday, George Olcott

The consumer price index (CPI) is a measure of the average change over time in the prices paid by consumers in urban households for a basket of goods and services. These goods and services are broken into eight major groups: food and beverages, housing, apparel, transportation, medical care, recreation, education, and communication. The CPI is

Johnson and Johnson has agreed a $230m settlement with the state of New York to resolve claims it helped fuel the prescription painkiller epidemic. The company, which made a fentanyl patch and a pill, denied any wrongdoing but said it would “provide New York . . . with up to $263m in funding to address opioid related issues, as

Matt Hancock, the minister charged with fighting Britain’s biggest postwar health crisis, quit on Saturday night in the face of fierce criticism of his relationship with an adviser whom he put on the public payroll. He will be replaced as health secretary by Sajid Javid, the former chancellor, who is making a comeback after his

The acquisition of Scottrade was completed by brokerage firm TD Ameritrade on September 18, 2017. Scottrade was an online brokerage firm that served more than 3 million accounts in the U.S. and had $170 billion in assets under management. Founded in 1980 by Rodger O. Riney, the firm had about 500 branch offices throughout the

It has been a terrible few weeks for Mexico City mayor Claudia Sheinbaum: just as the capital was getting one of the world’s worst Covid-19 outbreaks under control, a metro overpass collapsed in early May, killing 26. Then, a month later, the opposition seized more than half the city’s boroughs in midterm elections, including Tlalpan,

Way of the Argosiby Sebastien de Castell, Hot Key Books £14.99 De Castell returns to his witty Spellslinger series with a prequel featuring one of its most alluring characters, the enigmatic Ferius Parfax. It means we won’t be meeting the series’ downbeat hero, Kellen, or his squirrel cat sidekick, but Ferius’s passage from oppressed girlhood

The most important economic indicator for investors in the automotive sector is, not surprisingly, auto sales, but the unemployment rate and consumer confidence are important to watch as well. One more number to keep an eye on is the current interest rate. It’s not technically an economic indicator, but the direction of loan rates has

Hong Kongers were the mourners and the city’s newsstands the funeral parlour as residents lined up across the city to buy the final edition of Apple Daily. The pro-democracy newspaper was an irritant for the city’s authorities for decades. The company was forced to close after officials froze its assets and arrested senior journalists under

I’m disappointed that the FT describes the Pipistrel electric aircraft as capable of “carbon-free” flight (“My flight into the future”, Life & Arts, FT Weekend, June 19). I expect better analytical skills from a finance-focused publication. At least some of the electricity to charge the plane’s batteries comes from carbon-based fuel sources that have less

What if losing a job, even temporarily, means you need rent relief? As states attempted to slow the spread of the coronavirus by imposing lockdowns or stay-at-home orders, paying the rent became more difficult. Even after many states lifted lockdowns, economically impacted renters have wondered what relief they can get to help pay the rent

Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company

There are many villains in the story of pop star Britney Spears. There are the pundits, who used her for sexual titillation when she was a girl and as a punchline when she was a young woman. There are the paparazzi, who harassed her when she was with her baby. There are ex-boyfriends, hangers-on and

Your article on Cape Cod’s housing market (House & Home, FT Weekend, June 19) recalled the writing of Sir Thomas More, now over 500 years old. In Utopia he described the conundrum that Cape Cod — indeed any such peaceful getaway — is going to provide to the city dwellers flocking there. Such a hot

As states closed down and businesses shuttered because of COVID-19, record numbers of the newly out-of-work people applied for unemployment insurance (UI) to help pay their bills. In the week ending March 28, 2020, the U.S. Department of Labor (DoL) announced that 6.6 million new benefit claims were filed, compared to 3.3 million the previous

In this article SPCE VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture

The death toll from the partial collapse of a residential building in Miami rose to four on Friday morning with dozens still unaccounted for, as rescue workers raced to clear debris and search for survivors. US president Joe Biden declared an emergency in the state of Florida after the apartment building collapsed suddenly early on

Belarus has moved dissident blogger Roman Protasevich and his girlfriend Sofia Sapega to house arrest a month after President Alexander Lukashenko’s regime sparked international outrage when it captured them after forcing down a Ryanair flight. The office of Sviatlana Tsikhanouskaya, Belarus’s exiled opposition leader, confirmed on Friday that both had been transferred from prison to

Personal bankers work in retail banking branches and assist customers with various banking or financial needs. Such needs may include opening checking and savings accounts, obtaining mortgage and auto loans, and investing in banking products—certificates of deposit (CDs), money markets, and other commercial banking products. They may also help the customer with retirement planning or

Toshiba shareholders have ousted the chair of the company’s board in a historic vote that tipped one of the country’s most celebrated corporate names into uncharted territory and marked a watershed for investor activism in Japan. Friday’s decision by shareholders to vote against the reappointment of Osamu Nagayama as chair at the annual meeting was

My local swimming spot, a bathing pond on London’s Hampstead Heath, is a vision of bucolic beauty. With ducks dabbling and trees dipping their branches in the water, it resembles one of the English idylls painted by John Constable. However, as I did a leisurely lap recently, it started to trouble me that my mainly

Calculating the equity risk premium for a security using Microsoft Excel is rather straightforward. Before entering anything into the spreadsheet, find the expected rate of return for the security and a relevant risk-free rate in the market. Once those numbers are known, enter a formula that subtracts the risk-free value from the expected value. By

Stocks on Wall Street hit highs on Thursday, after the Biden administration secured an infrastructure deal worth about $1tn. The tech-heavy Nasdaq Composite rose 0.7 per cent, notching another record close. It was the third consecutive day of gains for the index. Electric carmaker Tesla and tech-enabled fitness group Peloton were among the biggest winners,

In this article RAD Rite Aid CEO Heyward Donigan told CNBC on Thursday she’s “cautiously optimistic” the U.S. would avoid another round of strict Covid restrictions despite the presence of the delta variant. “We all hope that enough people get vaccinated that we don’t have the variant become so significant that our markets shut down again,” Donigan

The Financial Times endorses the Bank for International Settlements’ proposal to restrict central bank digital currencies to commercial banks (FT View, June 24). Keeping the public at “arms-length” from CBDC would, according to the FT, ensure privacy while preventing criminality. I wish to offer a contrarian point of view. One of the promises of digital

If you’re about to retire and own an annuity, you might be considering whether to convert your investment into a series of periodic payments. The process is called annuitization, and depending on which payment option you select, it is possible to receive payments up until you die—even if total payments exceed the value of the

The emperor of Japan is “concerned” about holding the Olympic Games during Covid-19, according to his most senior official, in a rare intervention that skirted a ban on Imperial involvement in politics. According to remarks at a press conference reported by local media outlets, Imperial grand steward Yasuhiko Nishimura said it was his impression that

European leaders clashed over a Franco-German initiative for an EU summit with Russian president Vladimir Putin, as critics warned against “free concessions” at a time of worsening relations with the Kremlin. Ahead of an EU leaders’ meeting about the surprise Franco-German proposal, Krisjanis Karins, Latvia’s prime minister, warned against giving away too much to Putin,

The 21st century has seen China assume an increasingly large position in global finance. In fact, the biggest four banks in the world (by asset size) are Chinese, according to the 2021 annual rankings by S&P Global Market Intelligence: the Industrial & Commercial Bank of China, the China Construction Bank, the Bank of China and