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Welcome to a special edition of Due Diligence, where we’re assessing how Donald Trump’s biting tariffs are pushing the stock market lower while the economy teeters on a recession. Below, we dig into what the fallout means for all corners of Wall Street. But before we get into it . . . One big job move to start: … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world China has vowed to “fight to the end” if the US goes ahead with threatened tariff increases, escalating trade tensions between the world’s two biggest economies. The commerce ministry on Tuesday said it … Read more
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. Stock markets around the world are still struggling to make sense of US President Donald Trump’s tariffs. Indian markets are also waiting for … Read more
Japanese stocks rebounded at the open on Tuesday in the wake of Monday’s historic sell-off after the US said would start trade negotiations with Asia’s second-largest economy. The country’s Topix benchmark rose 6.2 per cent in early trading while the Nikkei 225 index climbed 5.5 per cent. On Monday the Topix plummeted 7.8 per cent … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt sold off sharply on Monday as hedge funds cut back on risk in their strategies and investors continued shifting into cash during a third day of acute tumult on Wall Street. The … Read more
Jeremiah Ostriker, an astrophysicist who helped set off a revolution in humankind’s view of the universe, revealing it to be a vaster, darker realm than the one we can see, ruled by invisible forms of matter and energy we still don’t understand, died on Sunday at his home on the Upper West Side of Manhattan. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ExxonMobil chief executive Darren Woods received $44.1mn in pay for 2024, a 19.3 per cent increase over the year before. The package included salary, stock options and bonuses for the boss of Exxon, the US’s … Read more
Monday’s trading action was bizarre in many ways. But one specific mystery — about a misleading headline that sent stocks ping-ponging all over the place — highlights just how fragmented and expensive access to breaking financial news can be, even at times when it really matters to retail investors. The US stock market did indeed … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Larry Fink said the US economy was “weakening as we speak”, warning the market ructions triggered by Donald Trump’s tariffs were rippling across corporate America. The head of BlackRock, the world’s biggest asset manager, told … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US stocks closed slightly lower after a day of wild swings on Wall Street as traders remained fixated on Donald Trump’s tariffs on the country’s trading partners. The blue-chip S&P 500 lost 0.2 … Read more