Investing

Several economists took the knife to their second-quarter GDP forecasts in the wake of a disappointing consumer spending report that has added to concerns about a slowdown for the US economy. Some forecasters even think the world’s biggest economy will contract for the second consecutive quarter, passing the threshold for a technical recession. Personal consumption

Peggy Hollinger is right that sustainable aviation fuel alone is not enough to get the industry to net zero emissions by 2050 (Report, June 22). But that’s a case for more investment in science and technology, not to give up hope on this commitment. We all know that flying is directly contributing to climate change.

The First Company to Issue Stock The Dutch East India Co. holds the distinction of being the first company to offer equity shares of its business to the public, effectively conducting the world’s first initial public offering (IPO). It also played an integral role in modern history’s first stock market crash. Often referred to by the

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE (Click here to subscribe to the new Delivering Alpha newsletter.) A majority of Wall Street investors believe the market stands pretty much dead in the water for the rest of 2022 and, as a result, think it’s time to buy dividend-paying stocks, according to the

The US Supreme Court has curbed the ability of America’s top environmental regulator to limit greenhouse gas emissions from power plants in a landmark ruling that deals a blow to the Biden administration’s fight against climate change. In a majority opinion authored by chief justice John Roberts, the justices ruled that the Environmental Protection Agency

French MPs have chosen Éric Coquerel, a radical leftist who calls himself an opponent of neoliberalism and capitalism, to chair the National Assembly’s crucial finance committee, heralding trouble in parliament for president Emmanuel Macron’s minority government. The elevation on Thursday of Coquerel — an MP in Seine-Saint-Denis north of Paris for Jean-Luc Mélenchon’s red-green alliance, the

If you invest in stocks, you should keep an eye on the bond market. If you invest in real estate, you should keep an eye on the bond market. If you invest in bonds or bond ETFs, you definitely should keep an eye on the bond market. The bond market is a great predictor of

Shares in Sanrio shot up as much as 15 per cent on Thursday morning after the Japanese company behind Hello Kitty struck a licensing deal with Chinese ecommerce group Alibaba in a bid to expand its footprint. The five-year deal signed with Alibaba’s intellectual property licensing subsidiary, Alifish, will cover Sanrio’s cast of characters including

Good morning. Yesterday we read in several respectable news outlets that the era of low inflation is over. Unhedged is heading into its concrete bunker, sure, but we wouldn’t be surprised if when we emerge in 2024 that CPI is back to 1.5 per cent. Send us your thoughts: robert.armstrong@ft.com and ethan.wu@ft.com. China: better, sort

The story of Instagram’s explosive rise reads like a Silicon Valley fairy tale, with the company gaining staggering momentum within just a few short months. The photo and video-sharing social media application took only eight weeks for software engineers to develop before it was launched on Apple’s mobile operating system in October 2010. In less than

Covid infections continue to rise across the UK, with the latest data from the Office for National Statistics showing 1.7mn people testing positive, a 23 per cent increase on the week before. Many other countries are experiencing similar increases, driven mainly by the recent BA. 4 and BA. 5 subvariants of Omicron, and hospitalisations are

The world’s top central bankers have warned that the era of low interest rates and moderate inflation has come to an end following the “massive geopolitical shock” from Russia’s invasion of Ukraine and from the coronavirus pandemic. Speaking at the European Central Bank’s annual conference, Christine Lagarde, its president, Jay Powell, chair of the Federal

Spirit Airlines once again rejected a sweetened takeover offer from JetBlue Airlines, citing antitrust concerns and asked its shareholders to vote for a merger with rival Frontier Group at a meeting tomorrow. In the latest offer, JetBlue raised the value of the offer to $34.15 per share, representing a 51% premium to Spirit’s stock. It also raised the breakup fee by

French footballer Kylian Mbappé is following fellow superstars Cristiano Ronaldo and Lionel Messi into the world of non-fungible tokens by becoming an investor in a SoftBank-backed fantasy football platform. Mbappé, 23, will also become a brand ambassador for Sorare, which operates an online game where players can create football teams based on the digital trading

Wall Street stocks traded choppily on Wednesday, after heavy falls in the previous session, as traders weighed up fresh signs of a looming economic slowdown. The blue-chip S&P 500 share index, which dropped 2 per cent on Tuesday and is now almost a fifth lower for the year, switched between small gains and losses in

The standard deviation (SD) measures the amount of variability, or dispersion, from the individual data values to the mean. SD is a frequently-cited statistic in many applications from math and statistics to finance and investing. Standard error of the mean (SEM) measures how far the sample mean (average) of the data is likely to be

The Biden administration has placed five Chinese companies on an export blacklist for violating sanctions by allegedly providing support to Russia’s military and defence companies before and during the invasion of Ukraine. The commerce department put the Chinese firms on the “entity list”, which effectively bars US companies from exporting to them. The companies, which

This is an audio transcript of the Behind the Money podcast episode: How tea plantations are testing private equity Michela TinderaWhen it comes to tea, one of the top companies in the game is Unilever. It’s behind household brands like Lipton, PG Tips and Tazo. And so it’s a big deal when it decides to

Editor’s note: Below you’ll find the week 94 release of the NYC Recovery Index, originally published June 21, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index rose by two points for the week ending June 11, 2022, reaching a score of 75 out of 100. Large

Turkey has dropped its opposition to Finland and Sweden becoming members of Nato, paving the way for the Nordic countries to join the alliance in response to Russia’s invasion of Ukraine. The three countries have signed a joint memorandum after hours of talks on Tuesday brokered by Nato, ending a six-week veto by Ankara linked

Turkey has dropped its opposition to Finland and Sweden becoming members of Nato, paving the way for the Nordic countries to join the alliance in response to Russia’s invasion of Ukraine. The three countries have signed a joint memorandum after hours of talks on Tuesday brokered by Nato, ending a six-week long veto by Ankara

Heikin-Ashi, also sometimes spelled Heiken-Ashi, means “average bar” in Japanese. The Heikin-Ashi technique can be used in conjunction with candlestick charts when trading securities to spot market trends and predict future prices. It’s useful for making candlestick charts more readable and trends easier to analyze. For example, traders can use Heikin-Ashi charts to know when to stay

Scotland’s first minister Nicola Sturgeon has laid out plans for the country to hold a “consultative” independence referendum on October 19 2023. Sturgeon told the Scottish parliament in Edinburgh on Tuesday that Scotland’s lord advocate had agreed to refer a bill setting up the referendum to the UK Supreme Court, to establish if it was

Walgreens Boots Alliance has abandoned the sale process for the Boots chain in the UK after the upheaval in credit markets resulted in bids that were below its initial expectations. The US group said on Tuesday that while there had been “significant interest” in the 173-year-old business, “unexpected and dramatic change” in the financial markets

Bond prices are worth watching from day to day as a useful indicator of the direction of interest rates and, more generally, future economic activity. Not incidentally, they’re an important component of a well-managed and diversified investment portfolio. Bond prices and bond yields are always at risk of fluctuating in value, especially in periods of

6/28/2022, 5:53:17 AM What to watch in Europe today Leke Oso Alabi in London Spain: Nato begins a summit in Madrid with heads of government from 30 member countries expected to attend. Discussions will include Sweden and Finland’s applications to join the military alliance. Ukraine: The country marks Constitution Day, the anniversary of the signing

Good morning. Calm-ish Monday. Stocks down a little, yields up a little. Deep breaths. Everything is fine. Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Big bond discounts that are no help at all The move in interest rates since December is a really, really big deal. The yield on the 10-year Treasury has almost doubled, to 3.3

What Is the Glass-Steagall Act? In 1933, in the wake of the 1929 stock market crash and during a nationwide commercial bank failure and the Great Depression, two members of Congress introduced an act, known today as the Glass-Steagall Act (GSA), that would separate investment and commercial banking activities. At the time, improper banking activity–the

A Russian missile hit a busy shopping mall in central Ukraine on Monday, triggering a blaze in which the number of dead may be “impossible to imagine”, said the country’s president, who described the attack as a “terrorist” act. Hours after Volodymyr Zelenskyy pleaded with G7 leaders for more missile defence systems following a series

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most hated trades this year. The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers