Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s administration is drafting an executive order to enable the stockpiling of metal found on the Pacific Ocean seabed, in an effort to counter China’s dominance of battery minerals and rare earth … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US dollar’s status as a haven for global capital could come under threat from erratic policymaking and rising trade barriers, fund managers have warned. On Friday the currency slumped to a three-year low against … Read more
As share prices tumbled at the beginning of this week, Denis Oakley, a 50-year-old entrepreneur from Loughborough, sold everything in his self-invested personal pension, apart from gilts. “I can’t see any upside at the moment and lots of potential downside,” he told FT Money on Wednesday. “It’s better to move to cash and sit out … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A recent plunge in oil prices, prompted by Donald Trump’s trade war, has started to deplete Vladimir Putin’s war chest. Moscow’s budget — about a third of which comes from oil and gas — may … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina has agreed to relax its strict currency controls as part of a $20bn loan from the IMF, as pressures mount on libertarian President Javier Milei’s plan to revive the troubled economy. The country’s central … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street stocks ended another tumultuous week with a brisk late rally as a top Federal Reserve official said the US central bank was prepared to intervene if strains in markets grew, and traders remained … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor In August 2019, central bankers and academics gathered at Jackson Hole in Wyoming to talk, among other things, about the dollar. The guest of honour was Mark Carney, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Reserve “would absolutely be prepared” to deploy its firepower to stabilise financial markets should conditions become disorderly, according to one of the central bank’s top officials. Susan Collins, head of the Boston Fed, … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Treasury yields soared to their highest level since February on Friday, as traders complained liquidity was worsening amid a deepening rout in the $29tn US government bond market. The 10-year Treasury yield climbed … Read more
