Yesterday was a big day for BTFD

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ‘Liberation day’ proved suboptimal for the stock market. The S&P 500’s 4.84 per cent decline was the 23rd biggest since at least 2000, and a larger drop than the one that followed Lehman’s bankruptcy in … Read more

Tariffs up. Markets down

On April 2, in the Rose Garden of the White House, President Donald Trump announced taxes on almost every kind of imported finished goods. Markets plunged as traders fled equities, and even the dollar weakened. Today on the show, Rob Armstrong and Aiden Reiter go over the tariffs and discuss how they will make it … Read more

BP chair Helge Lund to step down

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP chair Helge Lund has announced plans to step down after a bruising tenure in which the oil major abandoned an aggressive shift away from fossil fuels. The company said on Friday that Lund had … Read more

What the dollar’s bad day shows

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

How ‘weaponised trade’ could lead to ‘weaponised capital’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is co-founder and chief investment strategist at Absolute Strategy Research Donald Trump has weaponised trade with his “liberation day” tariffs. Up until the announcement, investors had fixated on how the tariff details will … Read more

The American consumer’s identity crisis

Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. American households are about to take a wild ride through the basics of global economic policy, thanks to their country’s Big Beautiful Leap Forward. Or the Great Leap Onshoreward, if you’d prefer. This … Read more

Elliott Management steps up proxy campaign against refiner Phillips 66

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist hedge fund Elliott Management is increasing the pressure on oil refiner Phillips 66, kick-starting a proxy battle calling for “sweeping changes” at the US energy conglomerate. In a draft letter to investors seen by … Read more