Ken Griffin expects Donald Trump to win the US election, saying his presidency would benefit investors, but declined to say whether he would now back the former president. The billionaire founder of hedge fund Citadel said if the election was held tomorrow, “he wins it”, referring to Trump. “I think for investors overall a Trump
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US national security adviser Jake Sullivan has warned the Israeli government against “smashing into Rafah” as the Biden administration underlines its opposition to the planned assault on one of Gaza’s biggest cities. The US was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brexit has made it hard to invest in the UK, according to the head of the company behind the New York Stock Exchange — a one-time backer of the UK’s split from the EU. Jeffrey
Rishi Sunak is losing control and power is “seeping away”, say senior Conservative MPs, as the UK prime minister grapples with multiple political problems and dire poll ratings. A number of senior Tory MPs from across the party told the Financial Times that Sunak needed to get a grip of his Downing Street operation, with
The United Steelworkers union on Tuesday asked President Joe Biden to open a trade investigation into alleged Chinese unfair economic practices in the shipbuilding and maritime logistics sectors. The USW and other unions filed a petition with the US Trade Representative outlining alleged discriminatory practices that have helped China dominate global shipbuilding, according to people
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU countries are set to agree a new €5bn top-up to a fund used to finance military shipments to Ukraine, as the US managed to scrape together $300mn more in ammunition and artillery for
In the annals of royal family PR disasters, the bodged attempt by Catherine, Princess of Wales to release the perfect Mother’s Day portrait of herself and her three children by digitally altering an image, was hardly the worst. But it has had the opposite of the desired effect. Rather than providing reassurance about the princess’s
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation increased unexpectedly to 3.2 per cent last month, in data set to be scrutinised by the US Federal Reserve as it decides when to reduce interest rates. Economists polled by Bloomberg had expected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 1962, after making a powerful speech, the then leader of Britain’s Labour party sat down to a deflating review from his wife. “All the wrong people are cheering.” She meant the left. What enthused
This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday Ahead of the latest US consumer price data, it has been yo-yo time at the world’s two leading central banks. After spending most of February and early
The authors both recount a trajectory from wonder to exhaustion and alienation . . . © Raymond Depardon/Magnum Photos . . . ‘The better they performed, the more stressed and anxious they became’ © Raymond Depardon/Magnum Photos A young man — the protagonist is traditionally male — goes to Wall Street to seek his fortune. He suffers a hazing ritual
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK mortgages in arrears hit a seven-year high in the final quarter of 2023, according to official data that underlines the impact of high borrowing costs on households. The proportion of total loan balances with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Switzerland’s attorney-general has opened a criminal investigation into alleged violations of its Russia sanctions by an unnamed company, in the first sign that the country is willing to prosecute groups for doing business with Moscow.
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has mounted one of the most wide-ranging attacks inside Russia in months, hitting energy sites and a major oil refinery in drone strikes on at least seven regions. More than two dozen drones
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu’s ruling coalition is “in jeopardy”, according to a US intelligence assessment that highlighted mass protests against Israel’s prime minister and the prospect of looming elections. The conclusions over Netanyahu’s precarious political position were
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cross-border fire between Israel and Hizbollah escalated sharply overnight, as Israeli jets struck targets deep inside Lebanon and the militant group responded with some of the largest rocket barrages on northern Israel since the start
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK wage growth continued to slow in the three months to January, confirming the Bank of England’s view that inflationary pressures were easing in the economy. The Office for National Statistics said average earnings, including
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Growing optimism about the world economy and improved corporate earnings is driving stock markets to record highs, prompting analysts to forecast further gains in what some describe as a “risk reset”. Wall Street’s S&P 500, the
Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools Flows into emerging market equity exchange traded funds marked a new record in
Every day, the Telegram channel Gun Shop America posts a steady stream of photographs of illicit wares for sale to its near 26,000 subscribers. Recently these included a 9mm Glock with ammunition for $500, Bolivian cocaine for $1,000 an ounce and fraudulently cloned bank cards for $5,000. “Keep your orders coming,” the anonymous channel owner
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. In case you hadn’t heard (or choose to ignore such things), bitcoin is back. The original — and still biggest — cryptocurrency surged to a record high of more than $72,000 on Monday, having more than