The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day into 2025. The cuts, first agreed in December, were due to expire at…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mexicans will vote for a new president and thousands of local leaders on Sunday after the deadliest campaign in recent history, as criminal groups demonstrated their growing hold on the country’s politics.Two…

June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic storms…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseDonald Trump’s campaign said it had shattered its own fundraising record after his conviction on Thursday, raising $52.8mn online in the 24 hours since he became the first ex-president to…

Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the $1.50 hot dog-soda combo. “To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on an earnings call with analysts Thursday. It was Millerchip’s first earnings call with analysts since taking over for Richard…

Donald Trump criticised Alvin Bragg, the Manhattan district attorney who brought the hush money case against the former president.Trump said Bragg did not even want to bring the case until he announced he would run in the 2024 presidential election.“We have a DA, a failed DA, crime is rampant in…

US markets have had a rough week. The Dow has fallen more than 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up on Thursday. The Dow was down by 386 points, or 0.9%, in mid-morning morning trading. The S&P 500…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseInside the New York courthouse the mood was tense and tedious as a dozen jurors deliberated over the fate of Donald Trump.Outside the vibe was different. In a concrete…

A lawsuit filed Wednesday on behalf of three Black men alleges “blatant and egregious race discrimination” by American Airlines after being removed from a flight. The suit alleges that the plaintiffs, Alvin Jackson, Emmanuel Jean Joseph, and Xavier Veal, and five other Black male passengers, were ejected from American Flight…

RansomHub, a group of hackers, has claimed responsibility for the cyber attack on Christie’s earlier this month. In a post on the dark web, reposted on X by a threat analyst from cyber-security business Emsisoft, the group says it has “sensitive personal information” for “at least 500,000 of [Christie’s] private…