Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The American oil industry has allied with the green energy lobby to ask Republican senators not to axe Joe Biden-era tax credits for clean hydrogen, warning their repeal would enable China to dominate … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Tesla’s market value suffered its biggest one-day drop on record on Thursday as an escalating feud between Donald Trump and Elon Musk triggered a sharp sell-off in the carmaker’s shares. The electric vehicle … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Goldman Sachs has reined in risk-taking due to market volatility triggered by Donald Trump’s trade war and fears that rising US debt will erode investor appetite for dollar-denominated assets, a senior bank executive … Read more
Stay informed with free updates Simply sign up to the Workplace pensions myFT Digest — delivered directly to your inbox. A contentious change in UK legislation around pensions will push more defined contribution workplace schemes to boost investment in British private markets, pension experts have said. The Pensions Schemes Bill, published on Thursday, sets a … Read more
Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. Europe is being flooded with steel diverted from the US because of high tariffs, with imports of certain products increasing tenfold since the start of the year, according to a new monitoring system. Europe’s steel … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Shares in Circle Internet climbed more than 150 per cent on its debut in New York on Thursday, offering a boost to the US market for initial public offerings and marking what the stablecoin operator called … Read more
Lessons from a stablecoin IPO: tech turns on a dime
Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. It is not always easy to understand the appeal of stablecoins, particularly for European or British people. Why would you want to try to pay with something that worked like a debit or … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wise believes in “money without borders”. But the British fintech — which specialises in international transfers — reckons equity investors are much more constrained. Wise plans to transfer its primary listing to a US exchange, … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world BlackRock chief executive Larry Fink said the US was “going to hit the wall” unless the economy grows quickly enough to manage higher deficits from government spending, as a growing chorus of financiers … Read more