Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bond fund Pimco has already recorded a 17 per cent paper profit on its portion of a £3bn emergency loan that it and other lenders are set to provide to ailing utility Thames Water. Several … Read more
Stay informed with free updates Simply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox. Nasdaq will end an undisclosed high-speed trading service it offered to a handful of its client trading firms after coming under scrutiny from US regulators. The US stock exchange had been marketing to … Read more
For Fred, a 30-year-old strategy consultant, one of the first challenges of moving to New York from London was getting used to his new Chase banking app. “Wiring people cash is clunky and you have to pay fees,” he says. “It’s a bit of a nightmare.” Revolut and Monzo, the two leading UK digital banks, … Read more
Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. Britain’s main energy lobby group has accused the regulator of “unreasonable and unprofessional” behaviour, including contacting energy company staff at 6pm on Fridays, exposing a rift at a crucial time for the industry. In a … Read more
Two NASA missions will have to wait longer for a launch aboard a single rocket. Both aim to unravel mysteries about the universe — one by peering far from Earth, the other by looking closer to home. SpaceX on Saturday night announced on the website X around two hours before the scheduled launch time of … Read more
NASA is eliminating its chief scientist and other roles as part of efforts by the Trump administration to pare back staff at the agency’s Washington headquarters. The cuts affect about 20 employees at NASA, including Katherine Calvin, the chief scientist and a climate science expert. The last day of work for Dr. Calvin and the … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Canada’s Ontario province has hit US power exports with a 25 per cent surcharge as the nation steps up its retaliation against Donald Trump’s tariffs. The levy will have an impact on 1.5mn … Read more
For a decade, Eric Schmidt ran Google as chief executive and as the “adult” in the room, mentoring the internet company’s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since. But on Monday, Mr. Schmidt told employees … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When all the stocks are down, it’s sometimes worth pausing to appreciate how much specific stocks are really really down. For example: Tesla. Since Tesla hit an all-time high on December 17, the shares have … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Energy companies are asking the White House for a more steady approach after a whirlwind few weeks of tariff threats and changing policies that have buffeted the industry. “Swinging from one extreme to … Read more