Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is chief market strategist at Jefferies It was shocking to see how gloomy so many investment professionals have become over the past two months. Countless clients, colleagues and competitors simply could … Read more
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation rose less than expected to 2.4 per cent in May, even as President Donald Trump’s trade war fuels price pressures. Wednesday’s annual consumer price index figure was below the 2.5 per cent predicted … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Not a great start: This morning’s speech by the Bank of England’s Victoria, uh, Saporta was exciting for reasons that are mainly technical: as regular readers will know, FT Alphaville is unusually interested in UK … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Zara owner Inditex has failed to arrest a sales slowdown as it contends with Donald Trump’s trade war and a strong euro, sending shares in the world’s biggest fashion retailer lower on Wednesday. The Spanish … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gold has overtaken the euro as the world’s second most important reserve asset for central banks, driven by record purchases and soaring prices, according to the European Central Bank. Bullion accounted for 20 per cent … 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
In April, well-known runner and Republican senator Josh Hawley reintroduced his Preventing Elected Leaders from Owning Securities and Investments Act, which would ban members of Congress and their spouses from trading individual stocks. The act is tortuously named to spell out the surname of Nancy Pelosi, the longtime Congresswoman whose apparent stock market prowess (in … Read more
A decade ago, Indonesia produced only 6% of the world’s supply of refined nickel. Now, it has a de facto monopoly on the market. How did it happen? The FT’s Jakarta correspondent A. Anantha Lakshmi and FT’s commodities correspondent Camilla Hodgson examine what propelled this explosive growth and how China helped it happen. – – … Read more
The FT’s George Parker explains the winners and losers in UK chancellor Rachel Reeves’ spending review, the UK imposed the first western sanctions against Israeli government ministers,and Citigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter. Plus, US state and local governments are selling … Read more
The FT has uncovered dozens of suspicious shipments to Mexico, with millions of barrels of fuel falsely declared as industrial lubricant and unloaded by hose to trucks. Visual behind scroll card: An animated map shows tracks for vessels travelling from Houston and Beaumont in Texas, US to Altamira and Tampico in Mexico.