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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 Good morning. Yesterday morning it was reported that Donald Trump met congressional Republicans to discuss firing Federal Reserve chair Jay … Read more
Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election. Mentioned in this podcast: Donald Trump asked lawmakers … Read more
Even hedge fund royalty Bobby Jain is having a hard time starting a firm to compete with the industry’s giants. The former co-chief investment officer at Millennium Management tried to pull off the world’s largest hedge fund launch last year. He had to settle for the largest launch since 2018 with $5.3bn in commitments from … Read more
Global central banks face a dilemma over whether to embrace stablecoins or promote alternatives to the new technology, as the US’s aggressive backing of privately issued tokens thrusts the fast-growing sector into the financial mainstream. This week, politicians in Washington are advancing legislation to ban the Federal Reserve from issuing a digital currency and provide … 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 Donald Trump said Coca-Cola had agreed to sweeten its signature soft drink with cane sugar in the US, in what could represent a major shift from its decades-long use of high fructose corn … 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 The US dollar fell sharply on Wednesday after Donald Trump asked lawmakers whether he should fire Federal Reserve chief Jay Powell. A White House official told the Financial Times that Trump asked Republican … 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 Shares in an online gun retailer backed by Donald Trump Jr slid in a volatile market debut as investors assessed the latest push by the US president’s son into the so-called anti-woke economy. … Read more
New Clue to How Matter Outlasted Antimatter at the Big Bang Is Found Source link
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