Today In The Markets

For only the second time in Goldman Sachs’ 154-year history, investors will gather on Tuesday to ponder the future of a Wall Street giant that seems to have lost its way. The bank whose dominance was once so assured it gained notoriety as the “Vampire Squid” is now more of a damp squib. A nosedive

If home is where the heart is, then the UK’s broken rental market often feels like an exercise in romantic rejection. For many years, being a renter in the UK has meant feeling abandoned, unwanted and unloved by policymakers and the public. But for users of flat-sharing apps and websites, the sensation of being spurned

The UK energy regulator Ofgem has lowered the energy price cap by almost £1,000 for a typical home, but consumers will still end up with higher bills from April as the government reduces subsidies to households. The price cap, which governs the amount paid for gas and electricity bills for typical usage, will fall to

European shares bounced back at the opening on Monday after Friday’s downturn, as investors wait to assess the latest batch of economic data and the next moves of key central banks. The region-wide Stoxx 600 was up 0.95 per cent. Germany’s Dax and the French Cac 40 rose 1.1 per cent, while London’s FTSE 100

Good morning. Rishi Sunak hopes to unveil a deal between the UK and the EU to reform the Northern Ireland protocol and end the simmering disputes between the UK, the EU and the US. But no matter what happens, he faces a backlash from within his party. Some thoughts on how he is trying to

The head of UniCredit’s remuneration committee resigned following unsubstantiated allegations of leaking from the board, just weeks ahead of the proposal of a new pay package for chief executive Andrea Orcel, raising questions about corporate governance at the Italian lender. Dame Jayne-Anne Gadhia — the former chief executive of UK lender Virgin Money who joined

The majority of FTSE 250 bosses believe that UK-listed companies are vulnerable to foreign takeovers this year amid growing expectations that M&A activity will pick up as economic conditions improve. British broker Numis found that “compressed” valuations meant that corporates were increasingly focused on their own vulnerability in the eventuality of a bid, according to

Major US employers from fast-food chains to arms manufacturers are reporting a dramatic improvement in hiring conditions despite official data showing unemployment at its lowest level for decades. Senior executives across a host of S&P 500 companies gave optimistic updates on the labour market in recent quarterly earnings reports. Their commentary could reassure investors concerned

The writer is chair of Rockefeller International The recent surge in tech stocks has true believers buzzing that the downturn of late last year is over and the boom of the past decade is back. But the opposite case is more likely. This surge had all the hallmarks of an echo bubble — a brief

The world of ETF academia is a rarefied one. But the spats it hosts are no less heated than those in the better known field of macroeconomics. This month, a paper by a quartet of academics from three business schools — Columbia, Chicago Booth and Pennsylvania — set off a row about the niche issue

It was three days after Russian tanks rolled into Ukraine that the EU realised that it too must go to war. At an emergency meeting, Josep Borrell, the EU’s chief diplomat, made the case to anxious foreign ministers from the bloc’s 27 member states that it was the moment to do something previously considered impossible: