It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.A member of a Reuters news team was killed and two others were injured after a Russian missile attack on their hotel in the eastern Ukrainian city of Kramatorsk.Reuters said the…

It’s never been harder to be Mister Softee. Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. Competition and rising costs are hurting…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian prosecutors are investigating charges of manslaughter and “negligent shipwreck” over the sinking of a superyacht in bad weather in which UK tech entrepreneur Mike Lynch and six others died. Ambrogio Cartosio,…

New Starbucks CEO Brian Niccol won’t be a constant presence at its Seattle headquarters where he takes the helm next month. Instead, he’s going to commute weekly from his California home. The setup was revealed last week in Niccol’s offer letter, which is giving him a “small remote office” at…

A little over a year ago, Lucas Ntsipe promised his chief executive William Lamb that he would produce something special out of the Karowe mine in a remote part of Botswana. On Monday morning, the 52-year-old assistant general manager of Canadian diamond miner Lucara delivered. “I got a call from…

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. If elected this fall, Kamala Harris and Doug Emhoff will usher in many “firsts” in American history. Among them: The first White House couple to have worked at McDonald’s.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The bodies of UK tech entrepreneur Mike Lynch and four of his guests on the superyacht Bayesian have been recovered, three days after it sank off the coast of Sicily, according to…

US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday. The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported. Every…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mexico’s federal judges walked out of their courtrooms on Wednesday to protest against President Andrés Manuel López Obrador’s plan to fire them and have their replacements elected in an overhaul they say…