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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A stablecoin is a stablecoin, much like a cigar can be just a cigar. But which non-crypto thing does it most closely resemble? A bank deposit? A money-market fund? A cash ETF? Over on Unhedged, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the co-founder of Ethereum and chief executive and founder of Consensys, a blockchain software company The modern financial system is undergoing a foundational stress test. Decades of globalisation combined with increasingly fragile … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Artificial intelligence chatbots, cloud storage platforms and financial systems all depend on data centres that operate round the clock. These facilities underpin the digital economy where even brief interruptions can have far-reaching consequences. That means … Read more
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the … Read more
Last week we covered Goldman Sachs’ latest report on hedge funds, which are gleefully shorting again. It’s time we turned to the investment bank’s latest report on mutual funds, which contained this interesting nugget: “Active share” is a percentage measure of the overlap of a fund’s holdings and its benchmark. The higher it is, the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A closely watched auction of 40-year Japanese government debt has drawn the lowest demand in 10 months as concerns mount over the world’s third-biggest bond market. Demand for the government’s offer on Wednesday of about … Read more
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The S&P 500 rallied yesterday, as investors rejoiced over Donald Trump backing down, for now, from higher tariffs … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former supervisory board member of the European Central Bank and a senior fellow at Bocconi University Paul Volcker’s famous judgment against financial innovation sounds exaggerated today. In late 2009, the former … Read more
