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
The dramatic rise in Germany’s financing costs this week is far from a rejection of Friedrich Merz’s fiscal bazooka, investors say, with many believing the chancellor-in-waiting’s spending plan can boost growth without stretching Berlin’s finances beyond a sustainable level. German Bunds had their biggest one-day sell-off in decades on Wednesday as markets adjusted to a … Read more
Senior Trump administration officials attended an event on Thursday celebrating the $18bn expansion of an LNG export terminal by Venture Global, the upstart producer lauded as a harbinger of renewed US energy dominance. But just as energy secretary Chris Wright praised chief executive Mike Sabel as a “great, bold founding CEO” in his speech at … Read more
Banks are trying to catch up to one of the hottest trends in consumer finance and head off competition from fintech start-ups, allowing clients to buy what they want when they want it and pay later on instalment — usually interest free. JPMorgan announced a new partnership with Affirm in February to offer the instalment … Read more
For SpaceX, 2025 should have been the best year yet. Elon Musk, the founder of the private space company, is one of the most influential people in the Oval Office, and President Trump has endorsed his vision of sending humans to Mars. But so far, it has not been a great year for the rocket … Read more