Investing

After inflation fears shocked investors in the first few months of 2021, markets have switched into a different mode: a deep slumber. The Vix, a measure of expected volatility in Wall Street’s S&P 500 equity index, dwindled to a pandemic-era low of 15.7 points on Friday, having surged above 80 during the early stages of

Britain’s biggest investor has dropped AIG from some of its funds over concerns that the US-based insurance group has “insufficient” policies in place over climate change risks. Legal and General Investment Management said on Tuesday that it would divest several of its holdings from its actively managed portfolios after “unsatisfactory responses” to and “breaches of

Bitcoin (BTC) has evolved in recent years into a speculative investment for individuals seeking alpha from alternative assets and a possible hedge against global uncertainties and weakness in fiat currencies. Bitcoin is a digital floating exchange that is pegged to the U.S. dollar like in foreign exchange (forex). However, unlike gold, there is no underlying physical

The EU and US are poised to resolve a 17-year dispute over aircraft subsidies, lifting the threat of billions of dollars in punitive tariffs on their economies in a boost to transatlantic relations.  Diplomats and officials confirmed on Monday night that two days of intensive negotiations in Brussels had left the EU and the Biden

A composite image showing a Falcon 9 rocket booster lifting off and a few minutes later landing back near the launchpad. SpaceX The next SpaceX launch will feature a milestone, as the Pentagon is allowing Elon Musk’s company to send a national security satellite to orbit with a reused rocket for the first time. SpaceX

The past few months have been tough for Henry Jiang. Over two decades, he built Grandville International into a successful London-based advisory firm by tapping into a lucrative source of business for fee-paying schools in the UK: growing demand from parents in mainland China for a British education for their children. Now, coronavirus has reduced

Gross domestic product (GDP) is the single standard indicator used across the globe to indicate the health of a nation’s economy: one single number that represents the monetary value of all the finished goods and services produced within a country’s borders in a specific period. GDP may be easy to define but it is complex to

In this article AXP American Express American Express, best known for its array of personal and corporate cards, is making a push into territory held by banks and a growing list of fintech players. The card company is launching its first checking account for small businesses by leaning on technology acquired last year in the

The UK opposition Labour Party on Monday accused prime minister Boris Johnson of “complacency” regarding the Delta variant first identified in India and border policies. Shadow health secretary Jonathan Ashworth, said that ministers had failed to heed warnings and had left UK borders as secure “as a sieve”.  US consumer inflation forecast for the year

India’s catastrophic Covid-19 wave has not only battered its ambitions to become the “pharmacy of the world”, but it has also undermined a US plan for New Delhi to play a leading role in countering Chinese influence in the Indo-Pacific region. President Joe Biden sees a reinvigorated “Quad”, a diplomatic and security initiative consisting of

As with any for-profit business enterprise, the mutual fund industry charges fees for the services it offers. In their most basic form, these services consist of managing a pool of commingled assets in accordance with an investment strategy. That strategy may include outperforming an index over time. In fact, this strategy is the lifeblood of

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy

New York state has the lowest seven-day average Covid-19 positivity rate at 0.44 per cent, governor Andrew Cuomo said, citing Johns Hopkins University data. On Sunday, the state health department said 383 new positive cases were identified from 110,437 tests – a rate of just 0.35 per cent. “We’re beating back Covid-19 across the state

This article is an on-site version of our Coronavirus Business Update newsletter. Please share this with friends and colleagues who might find it valuable and let them know that, even if they are not subscribers to the Financial Times, they can read the newsletter — and all of the FT — free for 30 days.

Many business owners make an effort to create a brand for their businesses. A brand is the collective impact or lasting impression from all that is seen, heard, or experienced by customers who come into contact with a company and its products and services. In creating a brand, or “branding,” a business is managing the

Shares in companies linked to Indian tycoon Gautam Adani, one of Asia’s richest men, fell sharply after the country’s largest securities depository froze accounts of foreign funds holding stakes worth billions of dollars. Four of the six listed Adani Group companies fell by the maximum amount permitted by exchange rules on Monday, while the billionaire’s

The swearing-in of a new Israeli government finally brings down the curtain on the 12-year leadership of Benjamin Netanyahu. He bows out as Israeli’s longest serving prime minister and still the country’s most popular politician. But he fostered a poisonous political atmosphere that characterised the latter years of his rule, ultimately causing his downfall. What

As you approach retirement, you start to think more about preserving what you’ve saved rather than achieving aggressive growth. You don’t want to lose the portfolio that you worked so hard to build. However, most people who make it to the age of 65 are living almost 20 years in retirement. Social Security data shows

By Elsa Court For access to a major course Torrey Pines Golf Club, which will host the US Open major championship later this week, is less than a 15-minute drive from this spacious gated home in Del Mar, southern California. With local residents qualifying for discounted green fees, the new owners of the four-bedroom home

Official representation between Hong Kong and Taiwan is set to end this year as mounting political tensions threaten one of the region’s most important trade and investment relationships. The number of staff in Taiwan’s representative office in Hong Kong has dwindled over the past two years as the territory has stopped issuing visas, with the

What Is the Price-to-Earnings Ratio? The price-to-earnings (P/E) ratio, sometimes referred to as the “multiple,” measures a company’s share price compared to its earnings per share (EPS). The P/E is commonly used in fundamental analysis as a valuation metric. Analysts and fundamental investors use it to determine whether a company’s stock price is appropriate compared

In this article NCNO AVGO JNJ ADSK STX Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters The S&P 500 notched new records this past week, but future gains are anything but a guarantee. Investors are still weighing the implications of a potential change in monetary policy

Germany’s Green party adopted an election manifesto on Sunday that vowed to transform the country’s economy and fast-track its transition to carbon neutrality by ten years to 2035. Pledging to turn Germany into a “socio-ecological market economy”, Annalena Baerbock, the party’s candidate for chancellor, this weekend proposed a “pact with German industry”. Companies that became

The images of Joe Biden and fellow G7 leaders chatting at close quarters on a Cornish beach as they enjoyed barbecued lobster may not have been the best advert for social-distancing rules in times of pandemic. But the beach cookout was designed to send another message: under renewed American leadership, the world’s leading western democracies

Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry. On a personal level, many entrepreneurs take big risks to leave stable jobs to throw their efforts (and sometimes their own money) into launching

At 2am on the morning of May 11, Thomas Lauria poured himself a glass of Jack Daniel’s even though he was still at work. A partner in the Miami office of law firm White & Case, Lauria had spent the previous 15 hours overseeing a tense auction between two rival private equity consortiums for Hertz,

When Federal Reserve officials convene on Tuesday for their latest two-day monetary policy meeting, questions over whether the central bank should start talking about tapering its $120bn monthly bond-buying programme will lead the agenda. Since the US central bank last met in late April, several senior Fed policymakers, including vice-chair Richard Clarida, have cracked the

Even though you’re still busy working, the year before retirement is a key time to review your finances and make decisions that will affect the rest of your life. You need to take specific financial steps to ensure the comfortable and worry-free retirement you’ve always imagined. Make sure to address each of the tasks below

India’s largest domestic airline says it is building a war chest of more than $1bn as it prepares for a third wave of Covid-19 infections, just as a brutal nationwide outbreak begins to recede. Ronojoy Dutta, chief executive of IndiGo Airlines parent InterGlobe Aviation, told the Financial Times he hoped the carrier’s business would return

Aung San Suu Kyi is running low on money, does not know where she is being detained and is mostly unaware of the violent unrest unfolding in her country, according to her lawyer. The ousted 75-year-old Myanmar leader’s trial will open on Monday in Myanmar’s capital Naypyidaw, where she faces a widening array of charges