“Low cost country” or “best cost country” sourcing has been a persistent trend in the American industrial and manufacturing sector for decades. Sending droves of jobs ranging from unskilled labor, skilled labor, and white collar jobs overseas in an effort to maintain competitiveness with the high cost of labor in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oaktree Capital Management, one of the oldest specialists in chasing companies for unpaid debts, has reproached private equity groups Advent and Silver Lake over the bankruptcy this year of Thrasio, an ecommerce…

For more on CNN’s coverage of the US Senate race in Pennsylvania, watch CNN’s “Inside Politics with Manu Raju” on Sunday at 8 a.m. ET and 11 a.m. ET. Sen. Bob Casey is bracing for a GOP onslaught. After a summer where he and his GOP opponent, David McCormick, have…

Recently, I was on a company trip with my husband who is a wealth advisor. It was an awards trip for high performers in his profession. It has been fun over the years to meet people across the country and become friends. In past years, the conversations focused on sharing…

Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are…

Charles Coristine used to revel in working at Morgan Stanley. He loved the pace, even waking up in the middle of the night to trade in the Tokyo and London stock markets.In 2011, after nearly two decades on Wall Street, Coristine burned out. He tried multiple remedies: switching to a…

Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented…

Thesis In June 2023, I initiated coverage of Hooker Furnishings (NASDAQ: NASDAQ:HOFT), examining its risks and potential, noting how it demonstrated some strengths by showing the ability to keep a lid on inventory, recover in its hospitality business, and move forward with expansion plans, along with significant challenges created by…

Stay informed with free updatesSimply sign up to the Geopolitics myFT Digest — delivered directly to your inbox.CIA director Bill Burns and MI6 chief Richard Moore will be interviewed together by Roula Khalaf, editor of the Financial Times, at noon BST (1100 GMT) today. The event takes place as part…

Former Biden-Harris Staffer Ashley Allison: “God help me. I’m agreeing with Karl Rove” Republican strategist Karl Rove reacts to Manhattan judge delaying Trump’s sentencing in the hush money case, saying Trump could have used an election bump from a sentencing. Former Biden-Harris staffer is shocked she agrees. Read the full…