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NASA made a bet a few years ago that commercial companies could take scientific experiments to the moon on a lower budget than the agency could. Last year, that was a bad bet. The first NASA-financed spacecraft missed the moon entirely. The second landed but fell over. But this month, a robotic lander named Blue … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey’s central bank burnt through almost $12bn defending the lira in a record intervention after President Recep Tayyip Erdoğan’s detention of his political rival triggered a political crisis that scared investors and sent the currency … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Elon Musk has urged Tesla employees to “hang on to” the carmaker’s shares in an effort to reassure them that the carmaker’s future is “incredibly bright” despite plummeting sales, a series of safety … Read more
Stay informed with free updates Simply sign up to the ESG investing myFT Digest — delivered directly to your inbox. Don’t let the happy smiley face in my photo deceive you. I seethe at losing my job to this day. The stress on my family. Giving up our London home. Being broke. The worst thing … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In markets, the real secret sauce for the US — its magic trick to lure in global investment funds and keep them there — is the benefit of the doubt. This is what Europe is … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Flick through sell-side research notes from the end of last year and you’ll find plenty of analysts crowing about “US exceptionalism”, China’s “uninvestability” and Europe’s dull stock markets. In the two months since President Donald … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. They’re at it again. “MicroStrategy Incorporated d/b/a Strategy” — the enterprise software company turned bitcoin maximalist — has announced a new financial instrument to raise money to buy more bitcoin. It’s called Series A Perpetual … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks fell on Friday as a recent rebound fizzled out, putting the S&P 500 on course for its fifth week in a row of declines. The S&P was down 0.7 per cent in early … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Carlyle’s $945mn acquisition of a portfolio of oil and gas projects from London-listed Energean has collapsed in a blow to the buyout group’s plans to build a Mediterranean-focused energy company. The acquisition was set to … Read more
CoreWeave is facing nearly $7.5bn in debt repayments by the end of next year, requiring investors in its blockbuster public listing to take a leap of faith in the cloud computing group’s ability to grow fast enough to settle the looming obligations. The US company, which leases computing capacity to tech groups building artificial intelligence … Read more