Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world For the past 50 years or so, the approach of most Americans to retirement has been to put as much money as possible into US markets and then forget about it until they’re … Read more
Some of the world’s largest banks and fintechs are rushing to launch their own stablecoins, aiming to grab a slice of a cross-border payments market they expect will be redrawn by cryptocurrencies. Last month Bank of America signalled it was open to issuing its own coin, joining established payments providers such as Standard Chartered, PayPal, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Multibillion-dollar market research group Kantar is set to be broken up and sold by owners Bain and WPP, shifting from a plan to pursue a stock exchange flotation of the company over worries about the … Read more
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. More than half of the world’s greenhouse gas emissions in 2023 can be linked to just 36 fossil fuel and cement producers, according to a report from the Carbon Majors database. The climate watchdog found … Read more
Stay informed with free updates Simply sign up to the Foreign exchange myFT Digest — delivered directly to your inbox. The euro’s sharp fall after Donald Trump’s November US presidential election victory to below $1.02 early last month meant parity with the dollar seemed inevitable in the eyes of some analysts and investors. Many assumed … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US lumber futures have fallen from their all-time highs after president Trump’s delay to tariffs on Canada this week halted a surge in prices. Contracts tracking a truckload of lumber hit the highest … Read more
Stay informed with free updates Simply sign up to the Mining myFT Digest — delivered directly to your inbox. The world’s biggest mining groups have cut back spending on exploration in the past two years as inflation, higher interest rates and lower commodity prices have stalled the market. That has come in spite of a … Read more
Fund boutique Ruffer has always prided itself on making investments that go against the herd, boldly marketing its approach as “deliberately different”. But its contrarian stance has left the investment house delivering such poor returns over the past two years that even cash has performed better. At the heart of Ruffer’s thesis was the conviction … Read more
Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. City veteran Martin Gilbert has vowed he will “never” sell his shares in fintech Revolut as he invests in a new fund aimed at buying stock from employees of fast-growing technology firms globally. Gilbert, who is … Read more
Feb. 28: This article was updated to include an announcement on Thursday night from NASA about the status of the Lunar Trailblazer spacecraft. The moon is not bone dry, scientists now know. But how many drops of water will thirsty astronauts find? No one knows for sure. A robotic NASA spacecraft called Lunar Trailblazer, which … Read more