Reeves’ pension overhaul smacks of ‘desperation’, says shadow chancellor

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Rachel Reeves has been accused by the Conservatives of “desperation” after plans to corral pension funds to invest more in the UK were criticised by the industry. The chancellor is trying to increase the amount … Read more

Trump’s crypto-friendly stance lures firms to US market

Deribit, the world’s largest cryptocurrency options exchange, is looking to enter the US market, joining a host of European and Asian cryptocurrency companies that are trying to exploit President Donald Trump’s pledge to make the country the global centre for digital assets. The Dubai-based group, which handled a notional $1.3tn of deals last year, is … Read more

US stocks wipe out steep losses that followed Trump’s ‘liberation day’

Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks rallied on Friday, wiping out the steep losses that followed Donald Trump’s “liberation day” tariff announcement a month ago, after labour market data exceeded expectations. The 177,000 jobs added in April, according to … Read more