Finding ‘cockroach stocks’ amid the economic mire

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The second act of Hamilton, the award-winning musical depicting the life of one of America’s founding fathers, features a song entitled “The Room Where It Happens”. The scene focuses on the economic arrangements of the new … Read more

Ackman bets on a U-turn at Hertz

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When a company has veered off-route, it is usually debt investors that hop in for the ride. So-called special situations attract opportunistic “vulture” investors who are unafraid of courtroom and boardroom showdowns. They buy risky bonds … Read more

The value of institutional memory

Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. In 1978, a dredging gang working for British Waterways was struggling with a problem. They were trying to clear obstacles on the Chesterfield Canal so they could stabilise a concrete wall — not an … Read more

OpenAI’s mind-boggling growth masks challenges

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Whatever the ultimate impact on our world of OpenAI and the human-level artificial intelligence it aspires to build, it can already claim one entry in the history books. No other company has ever built a … Read more

The economic consequences of a mad king

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “Off with their heads.” This is the sentence that the Queen of Hearts, the incarnation of monarchical caprice in Alice’s Adventures in Wonderland, adores pronouncing. She might be entertaining. The reality, however, is … Read more

Decoding recent moves in Treasury yields

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. The S&P 500 fell 2.2 per cent yesterday, after it was revealed US export controls would restrict Nvidia’s … Read more