This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The S&P 500 rallied yesterday, as investors rejoiced over Donald Trump backing down, for now, from higher tariffs … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former supervisory board member of the European Central Bank and a senior fellow at Bocconi University Paul Volcker’s famous judgment against financial innovation sounds exaggerated today. In late 2009, the former … Read more
Bitcoin price surge encourages more companies to acquire crypto
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
