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At the end of four days of cross examination, Jes Staley stepped down from the witness stand and hugged his legal team. It had been a gruelling week for the former Barclays chief executive, who said he had endured public humiliation and had put his marriage at risk as he fought to overturn a lifetime … Read more
US companies are struggling to figure out how to respond to Donald Trump’s trade war, concerned about the impact of the president’s tariffs on the economy but wary of speaking out for fear of retaliation by the White House, according to executives and board members. Corporate leaders are unsure of how far to go in … Read more
March Madness in the US refers to a popular national college basketball tournament. This year you might apply that nickname to the harsh trade policies emanating from the US White House. President Donald Trump’s attack on its trade partners on April 2 knocked world stock prices into a funk and caused investors to scurry towards safe … Read more
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The stock market car crash is naturally dominating attention. After all, this is only the fourth two-day 10 per cent decline since at least 1952. But the more alarming developments are happening in currency markets. … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s bid to upend the international trading order with huge tariffs has wiped $5.4tn from US stocks in two days, as China hit back with its own levies, deepening fears of recession … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Hedge funds have been hit with the biggest margin calls since Covid shut down huge parts of the global economy in 2020, after Donald Trump’s tariffs triggered a powerful rout in global financial … Read more
new video loaded: SpaceX Dragon Capsule Lands in Pacific Ocean transcript Back transcript SpaceX Dragon Capsule Lands in Pacific Ocean After more than five years of landing its returning vessels off the Florida coast, SpaceX’s Dragon capsule splashed down off the California coast for the first time. “We are expecting the main parachutes to deploy … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US stock market absolutely hates President Donald Trump’s tariff proposals. The day after they were announced, the S&P 500 fell 5 per cent, its worst day since 2020, and the pain continued … Read more
Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Israeli gas producer Energean used to have a unique approach to new investment — it limited prospective new assets to those within three hours’ flight from Athens, where chief executive Mathios Rigas is based. Its search … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In an early interview as US Treasury secretary back in February, Scott Bessent made it clear that bond yields, rather than stock prices, were the financial market metrics that he and President Donald Trump cared … Read more