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Why Americans are buying $22 smoothies despite feeling terrible about the economy

Americans are skipping restaurant dinners, delaying car purchases and scouring for grocery deals. Amid tariff anxiety and broader stress over affordability, consumer confidence has dropped to levels not seen in over a decade, according to...

‘There are no winners’: US and Iran enter into fragile truce

In the space of a drama-filled day, Donald Trump shifted from warning that Iran’s “whole civilisation will die tonight” to announcing it was an “honour to have this Longterm problem close to a resolution”.Less than two hours before the...

Bed Bath & Beyond’s Container Store acquisition echoes past retail mergers that failed to deliver | Fortune

When Bed Bath & Beyond announced last week it was buying the Container Store for a pittance, CEO Marcus Lemonis touted the deal as a key component of his plan to create a home-oriented conglomerate that includes retail brands,...

Trump agrees 2-week ceasefire, says Iran has proposed a ‘workable’ 10-point peace plan | Fortune

U.S. President Donald Trump said late Tuesday he’s pulling back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate or else...

Supermicro launches probe after co-founder’s arrest on charges of $2.5 billion in chip smuggling | Fortune

Two Supermicro board members are spearheading an internal investigation following a federal indictment alleging one of the company’s cofounders orchestrated the routing of $2.5 billion in servers packed with Nvidia’s highly prized GPUs to China, in violation of export...

2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out...

The gold standard may have ended in the early 1970s, but something else quietly took its place for the next 50 years: oil. The so-called  “petrodollar” system wasn’t well understood for most of this time, but a secret deal...

H&R Block is betting it can be more than a tax company | Fortune

Curtis Campbell knows exactly what kind of company people think H&R Block is.It is the place you go in late winter or early spring when your W-2s, 1099s, deductions, and deadlines are piling up, your refund feels urgent, and...

Trump, the $39 trillion national debt, rosy growth assumptions and the question of ‘a sustainable path’ | Fortune

President Trump’s fiscal year 2027 budget is built on a single, load-bearing bet: that the U.S. economy can grow at 3% annually for the next decade. The White House says that growth will flood federal coffers with new tax...

Hosting the NFL draft is less about weekend beer sales and more about long-term brand value

When the NFL draft arrives in Pittsburgh in April 2026, city officials are sure to tout projected economic impact figures. They will likely point to the US$73 million generated by Green Bay, Wisconsin, and the...

Citi sets aggressive targets for bankers in wealth management unit

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Citigroup has ratcheted up performance targets for its private bankers, setting goals that some fear are unachievable as the lender seeks...
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Watch: Fire damages roof of Rio’s Olympic velodrome

A fire at the velodrome in Rio de Janeiro's Olympic Park was brought under control early on 8 April,...
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