How Wall Street got Donald Trump wrong

In mid-February, some of Wall Street’s most powerful investors and business titans — controlling hundreds of billions in personal wealth and trillions in assets — lined up like teenagers before a rock concert. The headliner was Donald Trump. In a cramped Miami Beach auditorium, plutocrats and CEOs waited up to three hours for the president’s … Read more

US government debt steadies after week of brutal selling

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt rose on Monday as investors scooped up Treasuries following a rout last week driven by concerns over President Donald Trump’s tariffs. The 10-year Treasury yield, which sets government borrowing costs and underpins … Read more

Dark days for the less-mighty dollar

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Steven Kamin was previously head of international finance at the Federal Reserve and is now senior fellow at the American Enterprise Institute. In the wake of President Trump’s initial salvo of broad-based tariffs, … Read more

Leda Braga’s Systematica suffers as Trump’s trade war hits quant hedge funds

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Leda Braga’s Systematica Investments, one of the world’s best known computer-driven hedge funds, is suffering its worst ever losing streak in its flagship fund, as the market turmoil triggered by US President Donald … Read more

Neil Woodford plots comeback with new investment service ‘W4.0’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former fund manager Neil Woodford is planning to launch a service offering his stockpicking strategies to investors for a fee, just six years after his eponymous fund group collapsed. Woodford wrote in his financial blog … Read more