Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. US tech stocks were hit by a fresh wave of selling on Wednesday as disappointing results from a big chipmaker fuelled a sell-off sparked by concerns about the impact of AI

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A top Senate Republican has said Fed chair Jay Powell has not “committed a crime”, in a strong rebuke of the Trump administration’s probe into the central bank

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese trading firm Zhongcai Futures has emerged as a big winner from the recent rout in silver, netting more than half a billion dollars from aggressive bets that the metal’s

Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Europe’s largest asset manager Amundi is reducing its exposure to US dollar assets and turning to European and emerging markets, its chief executive has said. Valerie Baudson, whose firm has

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world If confirmed as chair of the Federal Reserve, is Kevin Warsh going to be an inflation hawk or Donald Trump’s poodle? His repeated statements on monetary policy and

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump’s Federal Reserve chair nominee Kevin Warsh faces a battle in the Senate after lawmakers threatened to hold up his confirmation until the Department of Justice halts its

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s X offices in Paris were raided by French and European investigators on Tuesday, following a public outcry over how its Grok chatbot spread sexualised images of women and

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Walmart’s market capitalisation has surpassed $1tn, putting the largest US retail chain in an exclusive club dominated by tech groups. The Arkansas-based company reached the milestone on Tuesday, capping a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PayPal has replaced its chief executive Alex Chriss, after the board warned that “the pace of change and execution” at the digital payments company was too slow. PayPal on Tuesday

But there is a disconnect between economists’ metrics and people’s perceptions