Gold is the real ‘Trump put’

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US equity investors were initially optimistic about the second presidency of Donald Trump. A so-called “Trump put” was one reason for this. The assumption was that the Republican leader would tweak his policies … Read more

The ECB must remain pragmatic in setting rates

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the governor of the Bank of Italy In a statement earlier this month, the European Central Bank’s governing council noted that policy rates are becoming “meaningfully less restrictive”. This means they are … Read more

There is no Bessent put in the Treasury market

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters … Read more

Shell proves it’s the best of a not-so-slick bunch

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chief executives often claim they hate direct comparisons with rivals. Yet for Shell boss Wael Sawan, comparisons with London-listed competitor BP only serve to flatter. Since Sawan took the helm in January 2023, Shell’s share … Read more

How 23andMe’s gene-testing dream turned recessive

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Persistence is in Anne Wojcicki’s DNA. The co-founder of 23andMe, an innovative at-home genetic testing service, has watched her company go from hotshot Silicon Valley start-up to $6bn unicorn to penny stock. As 23andMe slid … Read more