Tariff revenues and the deficit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. 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 … Read more

Investment managers accused of misleading market over ‘active’ ETFs

Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Investment managers are launching exchange traded funds that are badged as actively managed but operate more like passive funds that track benchmark indices, according to leading industry figures. These funds were misleading the market … Read more

Elon Musk’s RTO

One thing to start: Tim Leissner, the disgraced former Goldman Sachs banker at the heart of the multibillion-dollar 1MDB scandal, has been sentenced to two years in prison, ending one of the most infamous prosecutions in Wall Street’s history. And another thing: Wall Street is warning that a little-publicised provision in Donald Trump’s budget bill … Read more

The nasty Taco question

Our co-host Rob Armstrong has been talking about the “Taco trade” (Trump Always Chickens Out) for a few weeks, and on Wednesday a journalist asked the US president about it. Trump did not like the question, not one bit. But the internet did. Now traders are worried Trump might not chicken out. Did Rob just … Read more