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In an era when billionaires are becoming increasingly flashy, so too are their children. Welcome to “Holy Airball”. TikTok’s latest trend has Gen Z nepo babies flaunting what their wealthy family do for a living—from Reese Witherspoon’s daughter to an Airbnb mogul’s kid. The days of stealth wealth and quiet luxury are well and truly … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stanley Fischer, a former top policymaker at the US Federal Reserve and the Bank of Israel whose thinking was highly influential among generations of economists, has died at the age of 81. A former vice-chair … Read more
Hella Cocktail Co. cofounder and CEO Jomaree Pinkard turned a passion project with his two best friends into a business partnering with Delta Airlines, Disney, and TGI Fridays. Quitting his job as an NFL consultant to make cocktail bitters and canned beverages, he now helms a multimillion-dollar operation and was even tapped by $64 billion … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Zoe has “never voted for Trump, and will never vote for anyone from his inner circle”, she said. But on a blustery Friday afternoon in West Mifflin, Pennsylvania, the 24-year-old student walked through … Read more
As he prepared to take the helm of Britain’s financial regulator in the summer of 2008, Adair Turner felt as though he had missed out. He was due to start at the Financial Services Authority shortly after the first run on a British bank in more than a century had culminated in the collapse of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the early days of my obsession with eBay, a comically aggressive message was often added to the description of items offered for sale: no timewasters please. What’s that all about? I said to myself. … Read more
Despite lacking a ritzy degree or much background in tech, Gen Xer Brian Murphy built ReliaQuest into a billion-dollar firm off the heels of credit card debt and a dream. Now his company is now valued at $3.4 billion and headed down an IPO pathway. The secret? Recognizing failure is inevitable, he tells Fortune. Brian … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Poles vote in a cliffhanger presidential election on Sunday that will determine whether Warsaw remains a staunch EU and Ukraine ally or if President Donald Trump’s Maga movement secures a rare victory outside the US. … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Canada’s steel industry warned of “catastrophic” job losses, factory slowdowns and supply chain disruption after US President Donald Trump doubled tariffs on imports to 50 per cent. Trump’s latest tariff move sparked anger across the … Read more
In the coming fortnight, Reform UK leader Nigel Farage will travel to an undisclosed town in the Welsh valleys to fire the starting gun on his quest to end the Labour party’s historic grip on the nation’s politics. Labour has held power in the Senedd parliament in Cardiff for 25 years, since the start of … Read more
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