Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The startling bounceback in US stocks since April’s tariff chaos has stalled. Now, Donald Trump’s “big, beautiful” budget bill is the event that could make or break it. US retail investors are, it seems, all … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Reform UK has begun accepting donations in cryptocurrency, as the rightwing party announced plans to allow virtual currencies to be used as a form of tax payment. “Over the next few decades, we’re going to … 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 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 … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global commodities trader Archer Daniels Midland is exploiting a loophole in UK green regulations to claim a double subsidy on the production of biofuels as a surge in imports threatens to wipe out the domestic … Read more
Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Investment managers are launching exchange traded funds that are badged as actively managed but operate more like passive funds that track benchmark indices, according to leading industry figures. These funds were misleading the market … Read more
One thing to start: Tim Leissner, the disgraced former Goldman Sachs banker at the heart of the multibillion-dollar 1MDB scandal, has been sentenced to two years in prison, ending one of the most infamous prosecutions in Wall Street’s history. And another thing: Wall Street is warning that a little-publicised provision in Donald Trump’s budget bill … Read more
Nigeria cracks down on ‘spraying’ money at parties to defend currency
Our co-host Rob Armstrong has been talking about the “Taco trade” (Trump Always Chickens Out) for a few weeks, and on Wednesday a journalist asked the US president about it. Trump did not like the question, not one bit. But the internet did. Now traders are worried Trump might not chicken out. Did Rob just … Read more
European private equity group EQT should capitalise on investor fears about the US to build up its business in the country, buying up rival firms if necessary, its founder and chair has told the Financial Times. “We probably need to get more presence in the US,” said Conni Jonsson, who started the asset manager in … Read more
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China has pledged to open its markets to more products from Pacific Island nations, increase economic assistance and step up support for their fight against climate change as the US retreats from the … Read more