US President Donald Trump’s announcement of “reciprocal” tariffs caused havoc in the markets, notably hitting Big Tech stocks such as Apple. The company lost more than $300bn in market value the next day, and its path forward is complicated. The FT’s San Francisco correspondent Michael Acton explains why the iPhone maker is vulnerable, and what … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The top investor at Australia’s largest superannuation fund says the US will continue to dominate its new investments despite market chaos caused by tariffs, in a vote of confidence from one of the most active … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wall Street bosses thought they were getting the “art of the deal” when Donald Trump won the US election. The reality looks more Jackson Pollock than Rembrandt. Asset managers, in particular, have been pummeled. The … Read more
NASA will prioritize sending American astronauts to Mars, President Trump’s nominee to lead the space agency will tell a Senate committee on Wednesday. The nominee is Jared Isaacman, the chief executive of the payment processing company Shift4 Payments, who is a close associate of Elon Musk, the founder of SpaceX. As someone who has led … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rapid plunge in European stocks sparked by Donald Trump’s tariffs has wiped out gains for the year, dashing investor optimism that the region’s markets would be a beneficiary of the US president’s trade war. … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Trump administration has revoked licences for BP and Shell gas projects in Venezuelan waters intended to supply a massive liquefied natural gas plant critical to the economy of Trinidad and Tobago. The … Read more
US stocks closed sharply lower, reversing an early rally after the White House said Donald Trump would push forward with his threat to hit China with duties exceeding 100 per cent. The benchmark S&P 500 index closed down 1.6 per cent, a significant pull back from a gain of as much as 4.1 per cent … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump rattled global investors again on Tuesday as he pressed ahead with his plan for aggressive tariffs on America’s largest trading partners even as he touted potential deals with some US allies. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt fell sharply for the second straight day after a $58bn short-term Treasury auction drew weak demand and hedge funds continued to rapidly unwind popular trades. The benchmark 10-year Treasury yield, which underpins … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The largest US egg seller reported surging profits amid a bird flu epidemic that has pushed prices to record highs, and acknowledged it had been contacted by US authorities investigating price fixing. Cal-Maine Foods reported … Read more