Five years on from the first pandemic in more than a century it is salutary to recall how working habits were upended, leisure was curtailed and family relations severed because of the Covid-19 lockdown — except, of course, in Boris Johnson’s riotous entourage in Downing Street. Likewise, now that restaurants, theatres and holiday travel are vibrant again, to appreciate … Read more
Dollar hegemony has long enraged governments around the world. In the 1960s the French complained of America’s “exorbitant privilege”. Forty years later, as the global financial crisis wreaked havoc, China called for a shift away from the dollar. More recently, Brazil’s president, Luiz Inácio Lula da Silva, spoke for many when he asked with derision, … Read more
new video loaded: SpaceX Launches NASA’s Crew-10 Mission transcript Back transcript SpaceX Launches NASA’s Crew-10 Mission The mission would allow Suni Williams and Butch Wilmore, two NASA astronauts, to return to Earth. Their brief scheduled visit to the space station last June was unexpectedly stretched to more than nine months. “Ignition and liftoff.” [cheering] “[unclear] … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Portugal’s Algarve has been named the best-value holiday destination for British tourists for the first time in nine years, according to new analysis, due to its cheap meals and sterling’s strength against the euro. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has filed for an initial public offering in the US as the Swedish buy now, pay later group presses ahead with its highly anticipated listing despite volatile market conditions. The fintech, which confidentially filed … Read more
From Thursday night into Friday morning, the Earth’s shadow gradually overtook the moon’s typically bright white face, which took on a ruddy red hue. It was the first total lunar eclipse, also known as a blood moon, in more than two years. A lunar eclipse occurs when the sun, Earth and moon align, in that … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Financier Crispin Odey made an unexpected visit to the court where former Barclays boss Jes Staley is challenging the UK financial regulator over allegations he downplayed ties to late sex offender Jeffrey Epstein. Odey, who … Read more
Who are the true pioneers of quantitative finance? Even for us here at FT Alphaville, it’s a difficult question to answer definitively. But it’s still a fun one to ponder. Practitioners like John McQuown, Ed Thorpe and William Fouse, as well as theorists such as Harry Markowitz, William Sharpe and Gene Fama, could all be … Read more
Big companies and non-profit groups have begun purging or rewriting references to climate change on their websites, mirroring similar action by US government departments in response to the policies of Donald Trump. Financial Times analysis shows that statements on climate change from leading corporations including Walmart and Kraft Heinz have been deleted or rewritten over … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street stocks rallied on Friday at the end of a volatile week of trading as hopes grew that the US government will avoid a costly shutdown. The blue-chip S&P 500, which on Thursday fell … Read more