How deepwater producers remain resilient amid fluctuating oil prices

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome to Energy Source, coming to you from New York. The world is still grappling with what Donald Trump’s … Read more

Fintech Plaid completes new funding round but finds valuation cut in half

Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. The valuation of US fintech Plaid has fallen by more than half to about $6bn, a victim of stubbornly high interest rates and signalling a more challenging environment for fast-growing start-ups.  Plaid, which built its financial … Read more

Stocks hammered by Donald Trump’s larger than expected tariffs

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stock markets around the world dropped on Thursday after Donald Trump unveiled a blitz of tariffs on US trading partners that went further than most investors had expected. Shares of export-focused companies led a sell-off … Read more

BP’s low-carbon mobility team axed as company reverts to oil and gas

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP is shutting its low-carbon mobility team in the energy major’s latest retreat from its five-year-old attempt to diversify away from oil and gas. The unit was responsible for developing electric, hydrogen and other low-emission … Read more

Trump goes for shock therapy

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