Prediction markets revisited
Plus: salt caverns
FirstFT: US Treasury on collision course with Fed
Also in this newsletter: Cashing in on EU sanctions and Germany’s defence push
Spain’s Ceuta crisis festers as Madrid faces allegations of failing to tackle fallout
Also in this newsletter: Ukraine wants EU cash to buy US missiles
Nvidia’s $200bn ‘balance sheet-as-a-service’
Because ‘vendor finance’ are such ugly words
Transcript: The ‘Sheriff of Wall Street’ who exposed bankers’ lies
Gillian Tett speaks to Brooke Masters
‘Capitalism’s not working’: why Democrats are turning to socialism
Democratic socialist candidates are winning primary battles in the US as voters turn to progressive policies
AI Exchange
In this monthly series, running alongside our existing Tech Exchange dialogues, FT journalists talk to the scientists, developers and business leaders exploring ever more applications for artificial intelligence in every aspect of our lives
The Story of Money with Gillian Tett and Robin Wigglesworth
They say money makes the world go round, but was it always this way? Join Gillian Tett and Robin Wigglesworth on The Story of Money as they revisit the pivotal moments when money shaped history.
Shein: from TikTok haul to IPO stall
The fast-fashion retailer is preparing to list in Hong Kong at a quarter of its peak valuation
Transcript: The risks of investing $7tn in AI data centres
Sonja Hutson talks to Laura Pitel and Michelle Chan
Bessent’s bond intervention puts US Treasury on collision course with Fed
Increased purchases of debt threaten to undermine central bank chief Kevin Warsh’s bid to tame inflation
British Business Bank’s small business loans hit £4bn
Executive pay jumps at the state-owned bank amid questions over its underwriting of commercial banks’ lending
Insurers pile into deals allowing banks to offload default risk
Market for synthetic risk transfers has boomed in recent years, with insurers now offering banks unfunded structures
Fuchsia Dunlop’s mostly make-ahead Chinese feast
A mezze-style menu that brings heat, depth of flavour and generosity to the table — with far less stress for the cook
Ignore Jane Austen, income investing has big drawbacks
Living on investment income alone no longer constitutes a financial strategy for most better-off Britons
Why today’s markets are not as contradictory as they seem
What looks like a breakdown in historical correlations may simply reflect a different macroeconomic regime
Primeval and Other Times — Olga Tokarczuk’s exhilarating, genre-defying fairy tale
The Nobel Prize-winner’s kaleidoscopic novel, newly reissued, charts the stories of a Polish village — its people, plants, animals and angels — through the upheavals of the 20th century
Saga’s over-fifties holidays are finally turning silver into gold
Swapping insurance underwriting for selling other companies’ policies and refocusing on its brand and customer base was a good decision
Random is as random does
Just don’t ask a human what it means
Andy Burnham looks at allowing mayors to block sale of council homes
Move on ‘right to buy’ would add to restrictions announced under previous prime minister Keir Starmer
Will Burnham’s northern vibes put off southern voters?
In the previously Conservative stronghold of Aldershot, many residents say they are prepared to show patience to the prime minister
The multiplying risks of financing data centres
Wall Street players extending themselves to underwrite this colossal new asset class are looking to limit exposure
Note to the prime minister: you won’t find the future in the past
Forward-looking ideas are being crowded out on all sides by myths about a better yesterday
Institutional investors back Blackstone and KKR funds for wealthy individuals
Shift by private equity’s traditional backers could threaten traditional 10-year fund model