This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Today’s agenda: UK’s EV subsidies; OpenAI finds “distillation” evidence; DeepSeek’s “aha moment”; Czech central bank eyes bitcoin; and Shell’s carbon-credit […]
CNBC’s Jim Cramer said next week as Wall Street launches into earnings season, he’ll be following the Federal Reserve’s meeting and earnings from a few tech giants. Investors should not to make any major moves, he advised. “Look it’s a sheer hell week. Our heads will be spinning, swivel-like, lazy Susan even, as each day […]
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields […]
The 10-year Treasury yield hovered near an eight-month high on Wednesday as investors digest this week’s strong economic data, which reinforced expectations that the Federal Reserve will act with caution in its rate cut path this year. The yield on the benchmark 10-year Treasury was last less than one basis point lower at 4.681%, after […]
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. A top Federal Reserve official has warned about the threat of resurgent US inflation after Donald Trump takes power, even as he forecast solid growth for the world’s largest economy overall. Richmond Fed president Tom […]
Getty Images India used local currency to buy US grain, later funding book purchases for US universities. In 1996, Ananya Vajpeyi, a history doctoral student, discovered the fabled South Asia collection of books at the University of Chicago’s Regenstein Library. “I’ve spent time in some of the leading South Asia libraries of the world, at […]
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks climbed on Friday, rebounding from a heavy sell-off earlier in the week sparked by a hawkish message from the Federal Reserve. The S&P 500 shrugged off early declines to close 1.1 per cent […]
BEIJING, CHINA – DECEMBER 02: The People’s Bank of China (PBOC) building isn seen on December 2, 2024 in Beijing, China. Visual China Group | Getty Images China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan. The People’s Bank of […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global stocks and emerging market currencies sank on Thursday after the US Federal Reserve indicated it would cut interest rates more slowly next year to guard against any renewed threat of inflation. The quarter-point reduction […]
The stock sell-off on Wall Street was “healthy,” as the Federal Reserve’s cautionary projection on future rate cuts gives investors a “reality check,” according to Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School. The U.S. Federal Reserve cut interest rates by a quarter percentage point at its last meeting of the […]
