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
The price of gold has surged 7 per cent in just over a week to hit record highs, leaving longtime market watchers struggling to explain what has been one of the yellow metal’s most curious rallies. The sudden price move has lifted the haven asset above its previous peak reached in December to hit nearly
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
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 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
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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Between 2019 and 2021 the annual number of Japanese marriages plunged by almost a sixth to just over half a million. Not too surprising, perhaps, because the anti-gathering strictures of the pandemic years were disastrous
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In Hong Kong, a city that is adapting to life under a Beijing-imposed national security law and introducing its own version of it, global companies are bringing in practical barriers to doing business. The US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has backed the development of new gas-fired power plants, in the latest move by Rishi Sunak to portray his government as taking a pragmatic approach to tackling climate change. Outlining the plans
US stocks started the week on the back foot, ahead of important consumer inflation data expected to influence the Federal Reserve’s plans on when to begin cutting interest rates. The blue-chip S&P 500 closed 0.1 per cent lower on Monday, while the tech-heavy Nasdaq Composite fell 0.4 per cent. The two-year Treasury yield, which moves
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Rishi Sunak is considering introducing new powers to allow ministers to prevent a foreign state from owning a British news organisation, as pressure mounts from within the ruling Conservative party to block the takeover of Telegraph
Munis were steady Monday ahead of a large new-issue calendar, while U.S. Treasuries were weaker and equities ended mixed. Munis continue to see strong demand for bonds over the past several weeks, which has “pushed munis to be richer on a relative value basis versus Treasuries,” said Jason Wong, vice president of municipals at AmeriVet
The National Football League’s Chicago Bears are pursuing plans to build a publicly owned domed stadium in Chicago, boosted by $2 billion of private funds. The team has changed course after chasing a planned stadium development in Arlington Heights, a northwest suburb of Chicago, where talks were bogged down amid disagreements with three area school
Raymond James has scooped up 10 former Citi employees, including six senior bankers, in an expansion effort that establishes a public finance office in Seattle for the firm, creates a dedicated public power practice, grows its West Coast footprint and enhances the firm’s housing finance group. Decisions by UBS and Citi to exit public finance
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Reform UK, the populist anti-immigration party, is being boosted by the government’s focus on extremism, senior Conservatives have warned, as communities secretary Michael Gove prepares a new definition of the problem. On Monday Lee Anderson,
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. President Vladimir Putin has sacked the commander of Russia’s navy after it suffered a series of humiliating losses in the Black Sea, according to Ukrainian officials with knowledge of the shake-up. Putin sacked Admiral
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Brussels is pushing to give Ukraine €2bn-€3bn this year from profits derived from Russia’s frozen assets, accelerating the funding plan as US financial support to Kyiv wanes. The European Commission is preparing a plan,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fiscal rules are an important safeguard. With voters to chase, governments have an incentive to overspend, and lumber future taxpayers with the costs. Bond traders can also punish profligate spending plans by pushing up government
The U.S. Department of Transportation Monday released a long-awaited funding opportunity for states and cities interested in public-private partnerships for transportation projects under a first-of-its-kind program that’s part of the Infrastructure Investment and Jobs Act. The $100 million Innovative Finance and Asset Concession Grant Program, created as part of the IIJA, is aimed at helping states
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden unveiled a $7.3tn budget plan which would push US debt over 100 per cent of gross domestic product in 2025, as the president laid out a fiscal agenda that boosts spending but plans
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is director of UK in a Changing Europe, a think-tank I couldn’t help a slight sense of schadenfreude watching the French and German governments tearing strips off each other last month — following