[email protected]

Federal Reserve’s Powell warns levies will boost inflation and slow growth

by

Federal Reserve chair Jay Powell has warned that Donald Trump’s tariffs will stoke “higher inflation and slower growth” as the president’s plans for steep levies on the US’s trading partners shake global financial markets. “It is now becoming clear that the tariff increases will be significantly larger than expected,” Powell said in prepared remarks to … Read more

Klarna pauses plans for $15bn New York IPO in wake of Trump tariffs

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has paused plans to launch a long-awaited $15bn New York IPO because of market turbulence in the US in the wake of President Donald Trump’s wide-ranging tariffs announcements. The Swedish “buy now, pay later” … Read more

Yesterday was a big day for BTFD

by

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

by

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

by

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

by

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’

by

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