US stocks closed sharply lower, reversing an early rally after the White House said Donald Trump would push forward with his threat to hit China with duties exceeding 100 per cent. The benchmark S&P 500 index closed down 1.6 per cent, a significant pull back from a gain of as much as 4.1 per cent … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump rattled global investors again on Tuesday as he pressed ahead with his plan for aggressive tariffs on America’s largest trading partners even as he touted potential deals with some US allies. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt fell sharply for the second straight day after a $58bn short-term Treasury auction drew weak demand and hedge funds continued to rapidly unwind popular trades. The benchmark 10-year Treasury yield, which underpins … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The largest US egg seller reported surging profits amid a bird flu epidemic that has pushed prices to record highs, and acknowledged it had been contacted by US authorities investigating price fixing. Cal-Maine Foods reported … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Department of Justice is scaling back cryptocurrency enforcement, the Trump administration’s latest move that is set to benefit an industry the president has championed. In a memo to justice department employees, … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Computer-driven hedge fund Renaissance Technologies was wrongfooted after Donald Trump’s “liberation day” tariff announcement last week sent shockwaves across global financial markets. The Renaissance Institutional Equities Fund, one of the group’s flagship strategies … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s main financial watchdog plans to cut the fees paid by the companies it oversees for the first time in more than a decade, reflecting the record amount of money it will retain from … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government is considering nationalising British Steel, as Sir Keir Starmer on Tuesday vowed to do “everything we can to ensure there’s a bright future” for the Chinese-owned steelmaker’s main site. The heavily lossmaking … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yesterday our MainFT colleagues published an important story about some of the US government bond market’s weird behaviour lately, which, unfortunately, quickly got buried by the unending avalanche of other news. US government debt sold … Read more
Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Investors lost $25.7bn in leveraged exchange traded funds late last week, in the biggest ever meltdown for risky funds that have drawn huge inflows in recent years from retail traders seeking quick returns. The … Read more