Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dear Bond Vigilantes, As a great man once said: “I owe you an apology. I wasn’t really familiar with your game.” Things were looking very dicey for Americans, after the White House introduced an aggressive … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump said he had authorised a 90-day pause in additional tariffs on a wide range of countries that were willing to negotiate with the US, the first sign that the president was … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Bitcoin shrugged off the market turbulence on Wednesday as industry figures raised hopes that the US’s aggressive global tariff policy will spark fresh interest in the technology behind cryptocurrencies. The price of bitcoin, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Steel is preparing to idle one of its two blast furnaces as early as next week to preserve critical raw materials as crunch talks with UK ministers to stave off a collapse are set … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Brent crude dipped below $60 per barrel for the first time in four years as Donald Trump’s sweeping global import tariffs went into effect and his trade war with China escalated. The price … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The cost of insuring the debt of Europe’s riskiest companies against default has soared to the highest levels in 18 months as investor alarm rises in response to Donald Trump’s tariffs. The spread … Read more
There’s a lot going on in the Treasury market right now, and none of it is good. Liberation Day seems to have morphed into Liquidation Day. You might have seen terms like “off the runs”, “basis trades”, “swap spreads” and “omg are we going to die” bandied about over the past few days (including here … Read more
The far side of the moon — the part that always faces away from Earth — is mysteriously distinct from the near side. It is pockmarked with more craters and has a thicker crust and less maria, or plains where lava once formed. Now, scientists say that difference could be more than skin deep. Using … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As stock markets crashed amid the trade war, Scott Bessent, US Treasury secretary, tried to soothe frazzled investor nerves last weekend. “Most Americans in a 401(k) [retirement plan] have what’s called a 60/40 account . . . they are … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I wasn’t running Asia ex-Japan funds in 1997, so I won’t count the Asia crisis that spanked economies and markets in the region and left many of my colleagues without a job. So by my … Read more