US markets have had a great 15 months. The S&P 500 rallied 24% in 2023 and hit 22 new all-time highs in the first quarter of 2023. But a rising tide does not necessarily lift all boats. Direct-to-consumer brands – household names like HelloFresh, Peloton, Allbirds, Stitch Fix, Warby Parker…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Unlike Las Vegas, what happens in Florida does not stay in Florida. This week the state’s highest court issued a pair of rulings that ought to keep Donald Trump awake at night.…

Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. During his trip to New York City last week, President Joe Biden sat down for a rare joint interview alongside former presidents Bill Clinton and Barack Obama. But the interview, which received significant…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Iran and Hizbollah on Tuesday vowed to retaliate after a suspected Israeli air strike on Tehran’s consulate in Damascus killed seven Revolutionary Guard officers, including two ranking commanders.Iran’s president Ebrahim Raisi said…

If you haven’t sent in your 2023 income tax return yet, you have until April 15 to do so. Unless, that is, you’re among the millions of people who, for different reasons, are granted more time to file later this year. That includes those who file for an automatic six-month…

President Recep Tayyip Erdoğan’s ruling party has suffered a resounding defeat in Turkey’s local polls, leaving the strongman facing his most severe electoral setback since his rise to power two decades ago.The opposition scored decisive mayoral victories against Erdoğan’s Justice and Development party (AKP) in Istanbul, Ankara, Izmir, Bursa and…

With no one winning the Powerball jackpot Saturday, the grand prize for Monday’s drawing grew closer to the billion-dollar mark, according to the lottery. Saturday’s winning numbers were: 33, 13, 50, 12, 52 with a Powerball of 23. The estimated $975 million Powerball jackpot in play Monday jumped from $935 million after no…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lawmakers in US state capitals are seeking to stifle development of “lab-grown” tuna, pork and other animal proteins, taking a stand against a novel food technology backed by investors such as Bill…

The Federal Reserve has been keen on paying attention to investors’ expectations on interest rates. But the Fed is prepared to ignore Wall Street’s hope for a rate cut in June if it feels the economy isn’t ready yet. That’s the message Fed Chair Jerome Powell delivered on Friday. “We…

When I was a green young journalist making my way on a London society column, I remember hanging around the doors of the Groucho Club in Soho trying to talk my way in. Someone tapped my shoulder. It was the artist Peter Blake. He and his wife Chrissy, regulars at…