Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt sold off sharply on Monday as hedge funds cut back on risk in their strategies and investors continued shifting into cash during a third day of acute tumult on Wall Street. The … Read more
Jeremiah Ostriker, an astrophysicist who helped set off a revolution in humankind’s view of the universe, revealing it to be a vaster, darker realm than the one we can see, ruled by invisible forms of matter and energy we still don’t understand, died on Sunday at his home on the Upper West Side of Manhattan. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ExxonMobil chief executive Darren Woods received $44.1mn in pay for 2024, a 19.3 per cent increase over the year before. The package included salary, stock options and bonuses for the boss of Exxon, the US’s … Read more
Monday’s trading action was bizarre in many ways. But one specific mystery — about a misleading headline that sent stocks ping-ponging all over the place — highlights just how fragmented and expensive access to breaking financial news can be, even at times when it really matters to retail investors. The US stock market did indeed … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Larry Fink said the US economy was “weakening as we speak”, warning the market ructions triggered by Donald Trump’s tariffs were rippling across corporate America. The head of BlackRock, the world’s biggest asset manager, told … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US stocks closed slightly lower after a day of wild swings on Wall Street as traders remained fixated on Donald Trump’s tariffs on the country’s trading partners. The blue-chip S&P 500 lost 0.2 … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world On Monday morning traders woke up to signals of carnage across their screens. Hong Kong’s Hang Seng index closed down over 13 per cent, marking its worst single-day fall since 1997. In Europe, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Andrew Bailey has been chosen as the next chair of the world’s financial stability watchdog, handing the Bank of England governor responsibility for trying to avoid a financial crisis by co-ordinating policies between top global … 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 White House promised in its schedule for Donald Trump’s jabberwocky trade taxes last week that markets would have their opportunity to “respond as the impact of renewed American strength takes hold”. That response? … Read more
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices dropped further on Monday as US President Donald Trump signalled he would push ahead with sweeping global tariffs despite plunging stock markets and rising fears of recession. Brent crude fell 3.48 per cent to … Read more