Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The problem for European investors in disentangling themselves from the US is that, deliberately or otherwise, they are in deep. Portfolios everywhere, retail and institutional, are stuffed to the gills with US stocks. This can … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indians have become heavy investors in gold after a downturn in local equities, with a boom in exchange traded funds driving purchases as the commodity’s price hits record highs. Net inflows to gold ETFs in … Read more
CoreWeave chief executive Michael Intrator and executives at private equity giant Blackstone got together in the summer of 2023 in a WeWork in Brooklyn to hash out the terms of a large and unusual loan. That first deal would lead to one of the largest private financings in US corporate history, Blackstone’s biggest single loan … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A fintech start-up founder was convicted of defrauding JPMorgan Chase by overstating the value of a student loan business it bought from her, completing a stunning fall from grace for the millennial entrepreneur and an … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Chinese owner of British Steel wanted close to £1bn from the government to keep its Scunthorpe plant open and move to greener methods of steel making, according to people familiar with the situation. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave shares fell on their US debut after the data centre operator downsized its initial public offering over concerns about its business model and waning exuberance in groups linked to artificial intelligence. The cloud computing … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Talk of uniting Europe’s financial markets has for more than a decade been mostly just that: talk. So now the EU has scaled back its ambitions. Rather than being disappointed, however, executives at many of … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. US billionaire Mike Novogratz’s cryptocurrency group Galaxy Digital will pay $200mn to settle an investigation by New York regulators into alleged manipulation of the token whose failure kicked off the 2022 crypto market collapse. In a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign A bold promise was tucked away in the Spring Statement this week. Rachel Reeves is seeking to “boost the culture of … Read more
Sovereign credit analysts have a great life. They’re paid to fly around the world, rub shoulders with policy movers and shakers, build glorious Excel workbooks, and dispense important opinions. Moreover, these opinions don’t need to change very often. It’s probably preferable if they don’t. In the case of the United States government there have been … Read more