Even as tech giants pour billions of dollars into what they herald as humanity’s new frontier, a recent study shows that tacking the “AI” label on products may actually drive people away. A study published in the Journal of Hospitality Marketing & Management in June found that describing a product…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Susan Wojcicki, one of Google’s earliest employees and the former chief executive of its video website YouTube, has died aged 56.In the male-dominated tech industry, Wojcicki became one of Silicon Valley’s most…

One minute before former President Donald Trump’s motorcade rolled onto the site of his now infamous rally in rural Butler, Pennsylvania, a local SWAT officer stationed in a nearby building peered down from his second-floor perch and saw a young man pull something out of his pocket. The officer, Greg…

The Inflation Reduction Act is keeping drug plan sponsors, pharmacies, Medicare educators and anyone who works with Medicare drug plans very busy. So far, the IRA has: Many more changes are coming. The biggest one may be the $2,000 cap on Part D drug costs that takes effect in 2025…

Mortgage rates fell again this week but remain uncomfortably high for many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage declined to 6.77% this week from 6.89% last week. The average rate on a 30-year loan was…

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Sen. Elizabeth Warren, D-Mass., is asking the Tesla board if it’s looked into CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI.”Tesla’s Board of Directors appears to be failing to meet its fiduciary duties to Tesla’s shareholders by neglecting to address company CEO…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw…

Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected, Trump said Thursday he’d go further: He’d try to…