Economy

Elon Musk’s xAI seeks $113bn valuation in $300mn share sale

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. Elon Musk’s xAI is launching a $300 million share sale

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Lasted Economy

I’m Turning 73 This Year. How Can I Lower Taxes on My RMDs?

The Internal Revenue Service (IRS) permits individuals to allocate a portion of their pre-tax earnings into traditional Individual Retirement Accounts,

Most Retirees Underestimate This 1 Major Expense — Don’t Be One of Them

Many individuals overlook vital healthcare expenses while mapping out their retirement plans. It's essential to note that Medicare has limitations,

Equinor Wins Approval to Launch Verdande at Norne Field

Equinor, Norway's state-owned energy company, has received official approval from the Norwegian Ocean Industry Authority, known as Havtil, to advance

Omnicane enters “premium” spirits with Major Philippe rum

Omnicane Launches Major Philippe Rum Brand: A New Era for Mauritian Spirits Mauritius' prominent sugar producer, Omnicane, is set to

Is Lamb Weston Stock Underperforming the Dow?

Lamb Weston Holdings, Inc. (LW), based in Eagle, Idaho, stands as a prominent supplier in the frozen food sector, specializing

This Penny Stock Is Surging Big Time on a Tie-Up With Faraday Future and a Push Into Crypto. Should You Buy Its Shares Here?

Qualigen Therapeutics' Striking Pivot: From Biotech to Blockchain Shares of Qualigen Therapeutics (QLGN) surged nearly 200% on Monday following news

Oracle (ORCL) Re-Rated Over 50% in Q2. Here’s Why

Columbia Threadneedle Investments has published its second-quarter 2025 investor letter for the Columbia Threadneedle Global Technology Growth Strategy. Investors can

McKesson lifts annual profit forecast on plans to focus on high-margin businesses

By Mrinalika Roy and Kamal Choudhury (Reuters) - In a significant boost for its financial outlook, McKesson (MCK) announced on