One scoop to start: Citadel Securities’ profits jumped nearly 70 per cent in the first quarter to $1.7bn, as the high-speed trading firm benefited from a surge of volatility across financial markets as Donald Trump retook office. Another scoop: McKinsey has cut more than 10 per cent of its staff in the past 18 months, … Read more
Should ordinary US retirement accounts be investing in private assets?
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Elon Musk has strongly criticised Donald Trump’s showpiece tax bill, claiming it “undermines” the work done by his government cost-cutting team, in comments that are likely to widen the rift between the billionaire … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump’s ‘big beautiful’ bill was passed by the House of Representatives last week. It adds yet more deficit spending to the US budget. But can it survive the bond market? Today … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US has said it will not renew Chevron’s oil licence in Venezuela, as Donald Trump’s administration hardens its stance towards President Nicolás Maduro’s authoritarian government. The decision, announced by the US state … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citadel Securities’ profits jumped nearly 70 per cent in the first quarter to $1.7bn, as the high-speed trading firm benefited from a surge of volatility across financial markets as Donald Trump took office. The company … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For years, Nigeria has been not so much a sleeping giant as a comatose one. Home to nearly one in five sub-Saharan Africans, its market of 230mn people should be an engine of continental growth. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s only two bioethanol production plants are facing closure after the UK agreed to remove tariffs on US ethanol imports under its recent trade pact with America, the industry has warned. The so-called “prosperity deal” … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US Supreme Court has cleared the way for Rio Tinto’s huge new copper mine in Arizona, rejecting an appeal from Native American groups who argued that the project would destroy sacred land. … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks rose after President Donald Trump indicated that trade talks with the EU were progressing in a “positive” direction, a day after agreeing to delay his threatened 50 per cent levies on the bloc. The S&P 500 … Read more