Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Department of Justice is scaling back cryptocurrency enforcement, the Trump administration’s latest move that is set to benefit an industry the president has championed. In a memo to justice department employees, … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Computer-driven hedge fund Renaissance Technologies was wrongfooted after Donald Trump’s “liberation day” tariff announcement last week sent shockwaves across global financial markets. The Renaissance Institutional Equities Fund, one of the group’s flagship strategies … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s main financial watchdog plans to cut the fees paid by the companies it oversees for the first time in more than a decade, reflecting the record amount of money it will retain from … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government is considering nationalising British Steel, as Sir Keir Starmer on Tuesday vowed to do “everything we can to ensure there’s a bright future” for the Chinese-owned steelmaker’s main site. The heavily lossmaking … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yesterday our MainFT colleagues published an important story about some of the US government bond market’s weird behaviour lately, which, unfortunately, quickly got buried by the unending avalanche of other news. US government debt sold … Read more
Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Investors lost $25.7bn in leveraged exchange traded funds late last week, in the biggest ever meltdown for risky funds that have drawn huge inflows in recent years from retail traders seeking quick returns. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Clowns to the left of you and jokers to the right? Given the uncertain outlook, being stuck in the middle is not the worst place for investors seeking defensive plays. Exchanges should benefit from market … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lithuanian regulators have hit Revolut with a €3.5mn fine over failings in its money laundering processes, marking the UK fintech’s largest financial penalty. The Bank of Lithuania — which regulates Revolut’s operations in Europe along … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. You’ve consumed financial media (social, antisocial or otherwise) over the past day and a half, and you’ve encountered the phrase “Black Monday”. Yesterday was, admittedly, a pretty wild time. But the S&P 500 closed pretty … Read more
Bob McCauley is a non-resident senior fellow at Boston University’s Global Development Policy Center and associate of the faculty of history at the University of Oxford. Kindleberger’s Trap is the danger that a fading hegemon lacks the ability but the ascendant one lacks the will to supply the world economy with vital public goods — … Read more