Boutiques are stuck with pricey idle bankers

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Moelis on Wednesday tried to put a brave face on what is going to be an ugly year for mergers and acquisitions. “Remember, there are no tariffs on relationships,” he said after his advisory … Read more

Trump’s trade shock hits the global economy

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Over the past two decades, the world economy has staggered from one shock to another: the financial crisis; Donald Trump’s first-term trade war on China; the pandemic; post-pandemic inflation; Russia’s invasion of Ukraine; … Read more

Private equity in the time of Trump

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 Good morning. Treasury secretary Scott Bessent made dovish noises about China trade. President Donald Trump said he had no intention … Read more

Trump discovers the US is no longer indispensable

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Say what you like about Scott Bessent, but the Treasury secretary’s insistence on claiming logic in every tergiversation of Donald Trump’s haphazard tariff policy is providing much amusement abroad. Bessent and other administration … Read more

The role of art in difficult times

Stay informed with free updates Simply sign up to the Arts myFT Digest — delivered directly to your inbox. The writer is the author of ‘Embracing Uncertainty: how writers, musicians and artists thrive in an unpredictable world’ In 1990, Seamus Heaney translated Sophocles’s Philoctetes as The Cure at Troy. He added a Chorus of his … Read more