State Farm Insurance headquarters in Bloomington, Ill. (Daniel Gaines/Los Angeles Times) A top State Farm executive was fired this week after saying the insurer’s California rate hikes are “kind of” orchestrated and after making disparaging remarks about Pacific Palisades homeowners that were caught on an undercover video. Haden Kirkpatrick, State Farm Mutual’s vice president for […]
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US economy grew at an annualised rate of 2.3 per cent in the fourth quarter, a weaker than expected end to a year dominated by the resilience of American consumers. Thursday’s GDP figure from […]
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Federal Reserve is on a collision course with Donald Trump, economists say, with the central bank set to keep interest rates on hold despite the president’s calls to reduce borrowing costs […]
The Federal Reserve is set to deliver its first interest rate decision of the year in what is the headline event on today’s central bank calendar. The Fed is widely expected to hold interest rates steady at 4.25-4.5 per cent, but central bank watchers will be paying attention to any potential discussion about Monday’s stock […]
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 […]
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 Good morning and happy Friday. In today’s newsletter: Japan’s biggest banks are nearing a key valuation level for the first […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s plans for higher tariffs, lower taxes and curbs on immigration risk reviving inflation and preventing the Federal Reserve from cutting interest rates, the IMF has warned. Unveiling forecasts that predicted faster than expected […]
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England may need to cut interest rates as many as five or six times over the coming year because of the stalling economy, a UK policymaker has warned, as he urged […]
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 […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal Reserve officials indicated that the US central bank will have to take a “careful approach” in cutting interest rates further due to the rising risk that inflation will remain persistently higher than its 2 […]
