The turmoil in financial markets triggered by Donald Trump’s sweeping tariffs has prompted comparisons with the mayhem unleashed by former UK prime minister Liz Truss’ disastrous mini-Budget nearly three years ago. The US president’s “liberation day” launch of a global trade war and Truss’s unfunded tax cuts both spooked investors and threatened to unhinge the … Read more
The writer is chair of the European Risk Management Council If someone set out to design a rigorous stress test for the financial system, it would be hard to come up with a better one than the scenario emerging from the actions and policies of the current US administration. When President-elect Donald Trump last year … Read more
In 2021, when an opaque family office with $36bn in assets at its peak collapsed, it sent much larger shockwaves through Wall Street than anyone had anticipated. Archegos had secretly been able to build up a portfolio of outsized bets concentrated on a handful of companies. A complex set of leveraged derivatives and no reporting … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If there’s one company that has truly mastered the art of turning equity into cryptocurrency, it’s Strategy — formerly known as MicroStrategy. Yesterday, the company unveiled its latest gambit: a brand-new $21bn shelf registration to … Read more
How China is quietly diversifying from US Treasuries
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who says equality wasn’t a thing 30 years ago? When I first began as a portfolio manager my colleagues were evenly split between Cambridge and Oxford graduates. Can’t be fairer than that. And our trading … 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 president and chief investment strategist at Yardeni Research When the US stock market was hitting new record highs last year, led by the Magnificent Seven group of technology companies, the financial media … Read more
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
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. A Republican plan to abolish the US regulator that oversees accounting firms risks damaging audit quality not just in America but around the world, according the organisation’s chair. Erica Williams, head of the Public … Read more
