Today In The Markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brace yourself, Nicole Shanahan. Most Americans have not heard of the ex-wife of Google’s co-founder, Sergey Brin. Having being introduced on Tuesday as Robert Kennedy Jr’s running mate, Shanahan’s life will now be turned inside

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England is probing how UK businesses would be hit by the reversal of a long-running private equity boom, officials said, as they escalated warnings about leverage, transparency and valuations. The BoE’s financial

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tom Hayes has failed in his attempt to overturn his conviction for rigging an interest rate benchmark as the Court of Appeal in London upheld the guilty verdict handed to the former UBS and Citigroup

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has agreed to sell $8bn worth of loans to private capital group Apollo, as it winds down parts of its investment bank linked to the purchase of Credit Suisse last year. Apollo originally entered

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Endeavour Mining said an investigation into former chief executive Sébastien de Montessus had discovered two more “deliberately disguised” payments totalling $15mn to an unnamed third party. The London-listed gold miner fired de Montessus in January,

Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. China’s President Xi Jinping met a group of US chief executives on Wednesday as American business leaders sought to mend ties frayed by geopolitical and trade tensions between the world’s two largest economies. The gathering

It took Israel’s military several weeks and three divisions, backed by heavy air and artillery strikes, to reach and attack Gaza’s al-Shifa hospital last year. Last week a small force of commandos and tanks, numbering little more than a brigade, about 1,000 troops, encircled the strip’s largest medical facility in a matter of hours. Yet

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Maybe there should be some more defendants in this case,” Judge Kevin Castel wondered aloud during a 2020 federal trial he was overseeing. There was, however, only one person being tried: Mohammed Ali Rashid, a

Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years, highlighting the extent to which investors have chased megacap technology stocks while smaller groups are weighed

Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator As soon as the White House press conference was over, the panic began. Responding to Donald Trump’s suggestion in April 2020 that injecting disinfectant might rid the lungs of coronavirus,

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Crypto is playing at dressing-up. This is a largely harmless exercise, but also a cunning disguise. The mission is to make the world’s wildest and most countercultural market look grown-up. On that front, the true believers

As Xi Jinping toured China’s central Hunan province last week, local officials were called forward to inform the nation’s powerful leader on their plans to accelerate the development of “new quality productive forces”. The slogan, rooted in 19th-century Marxist thinking, has in early 2024 become shorthand for Xi’s vision of economic growth underpinned by China’s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The much-vaunted solid-state battery for electric cars is still years away from commercialisation with “a lot of showstoppers” blocking its development, said the head of the Chinese company that dominates the industry. In an interview

US stocks ended Tuesday slightly lower, changing directions in the last hour of trading in the second session of a holiday-shortened week. The blue-chip S&P 500 fell 0.3 per cent, while the tech-heavy Nasdaq dipped 0.4 per cent. The drop on Tuesday was unlikely to represent a longer-term trend for stocks, analysts said, as both

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s politicians are failing to champion UK trade and inward investment because of fears over reawakening old divisions on Brexit, the British Chambers of Commerce has warned. Goods exports and inward investment have struggled in

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The cryptocurrency firm chaired by former UK chancellor Lord Philip Hammond hosted a party where guests were served sushi off two scantily clad models, raising new questions about the culture of the industry. Copper, which stores

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has been banned from making disparaging statements about potential witnesses, jurors or prosecutors in his upcoming “hush money” trial, after a judge ruled the former US president’s posts could torpedo the case. The