Markets

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data-trackable="top-stories-column-one"> <h2 class="o-teaser-collection__heading o-teaser-collection__heading--full-width" aria-label="Latest News in Markets"> News </h2> <div class="o-teaser o-teaser--article o-teaser--large o-teaser--has-image js-teaser" data-id="e740691f-c3ce-4615-a228-8ca008722d27"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/trump-tariffs" aria-label="Category: Trump tariffs">Trump tariffs</a></div><div class="o-teaser__heading"><a href="/content/e740691f-c3ce-4615-a228-8ca008722d27" data-trackable="heading-link" class="js-teaser-heading-link">Trump’s sweeping tariffs ignite $2.5tn rout on Wall Street</a></div><p class="o-teaser__standfirst"><a href="/content/e740691f-c3ce-4615-a228-8ca008722d27" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">US president defends levies even as market behemoths, including Apple, sink most in years</a></p></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/e740691f-c3ce-4615-a228-8ca008722d27" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image" src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fe222c4a8-fe22-4afc-bdd6-5c2450045917.jpg?source=next&fit=scale-down&dpr=2&width=340" alt="A screen displays financial news as traders work on the floor at the New York Stock Exchange on April 3 2025"/></div></a></div></div> <div class="o-teaser o-teaser--article o-teaser--small js-teaser" data-id="331399ce-fae8-4c92-a8c5-8cc805341baf"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/trump-tariffs" aria-label="Category: Trump tariffs">Trump tariffs</a></div><div class="o-teaser__heading"><a href="/content/331399ce-fae8-4c92-a8c5-8cc805341baf" data-trackable="heading-link" class="js-teaser-heading-link">Dollar drops as Trump’s tariffs stoke economic fears</a></div><p class="o-teaser__standfirst"><a href="/content/331399ce-fae8-4c92-a8c5-8cc805341baf" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">European and US markets fall sharply as investors react to trade broadside</a></p></div></div> <div class="o-teaser o-teaser--article o-teaser--small js-teaser" data-id="c976c37a-28e5-42dc-8347-eae8a0eeabb4"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/db025583-78cf-463e-826f-8fdc4870a136" aria-label="Category: Phillips 66 Co">Phillips 66 Co</a></div><div class="o-teaser__heading"><a href="/content/c976c37a-28e5-42dc-8347-eae8a0eeabb4" data-trackable="heading-link" class="js-teaser-heading-link">Elliott Management steps up proxy campaign against refiner Phillips 66</a></div><p class="o-teaser__standfirst"><a href="/content/c976c37a-28e5-42dc-8347-eae8a0eeabb4" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">US hedge fund seeks investor support to divest assets and install new board members to unlock value</a></p></div></div> <div class="o-teaser o-teaser--article o-teaser--small js-teaser" data-id="860d4129-f9dc-4a21-bdef-02efcd3978ba"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/financial-services" aria-label="Category: Financial services">Financial services</a></div><div class="o-teaser__heading"><a href="/content/860d4129-f9dc-4a21-bdef-02efcd3978ba" data-trackable="heading-link" class="js-teaser-heading-link">Shares of Wall Street firms rocked by new US tariff regime </a></div><p class="o-teaser__standfirst"><a href="/content/860d4129-f9dc-4a21-bdef-02efcd3978ba" data-trackable="standfirst-link" tabindex="-1" 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class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/dfc453a1-7242-4104-afa8-30c92c0cdcde" aria-label="Category: Jes Staley">Jes Staley</a></div><div class="o-teaser__heading"><a href="/content/f5e23b51-05ae-45e2-b300-0794d5c3b04f" data-trackable="heading-link" class="js-teaser-heading-link">Staley awaits judgment in courtroom battle over ‘Uncle Jeffrey’ Epstein</a></div><p class="o-teaser__standfirst"><a href="/content/f5e23b51-05ae-45e2-b300-0794d5c3b04f" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">The former Barclays chief tried to clear his name in a high-profile challenge against the FCA. 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href="/content/0147b09b-e319-453d-9a0c-e8fcce510a18" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Fed chief Jay Powell warns that Trump’s levies will slow US growth and increase inflation</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="0147b09b-e319-453d-9a0c-e8fcce510a18" data-myft-ui="saved" action="/myft/save/0147b09b-e319-453d-9a0c-e8fcce510a18" data-js-action="/__myft/api/core/saved/content/0147b09b-e319-453d-9a0c-e8fcce510a18?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Trump tariffs day 3 as it happened: S&P 500 sheds $5.4tn in 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F167152ef-c26e-4192-a908-e791deeb7109.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Montage of US President Donald Trump, $100 banknote and stars"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T20:41:29.434Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="ec30d90c-0296-4c73-8e33-16b448c69284" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="ec30d90c-0296-4c73-8e33-16b448c69284"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/ipos" aria-label="Category: IPOs">IPOs</a></div><div class="o-teaser__heading"><a href="/content/ec30d90c-0296-4c73-8e33-16b448c69284" data-trackable="heading-link" class="js-teaser-heading-link">Companies pause US IPO plans as Trump tariffs tank markets</a></div><p class="o-teaser__standfirst"><a href="/content/ec30d90c-0296-4c73-8e33-16b448c69284" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Market for public listings had begun to show some signs of life but fallout from levies has forced groups to hold off</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="ec30d90c-0296-4c73-8e33-16b448c69284" data-myft-ui="saved" action="/myft/save/ec30d90c-0296-4c73-8e33-16b448c69284" data-js-action="/__myft/api/core/saved/content/ec30d90c-0296-4c73-8e33-16b448c69284?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement 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class="o-teaser__image-placeholder" style="padding-bottom:56.2296%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Feeafe27e-a848-47fe-bf4e-04cae39476f2.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Klarna app on a phone"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-stream-item> <div class="o-ads o-ads advert advert--instream" data-o-ads-targeting="pos=mid1;" data-o-ads-center="true" data-o-ads-label="false" data-o-ads-formats-small="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-medium="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-large="false" data-o-ads-formats-extra="false" aria-hidden="true"> </div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T20:31:37.858Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="b1eda0a8-6449-4fe5-b8c6-a2afebadc823" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="b1eda0a8-6449-4fe5-b8c6-a2afebadc823"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/trump-tariffs" aria-label="Category: Trump tariffs">Trump tariffs</a></div><div class="o-teaser__heading"><a href="/content/b1eda0a8-6449-4fe5-b8c6-a2afebadc823" data-trackable="heading-link" class="js-teaser-heading-link">US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears</a></div><p class="o-teaser__standfirst"><a href="/content/b1eda0a8-6449-4fe5-b8c6-a2afebadc823" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">China’s retaliation against Washington’s levies adds to sense of gloom across global markets</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="b1eda0a8-6449-4fe5-b8c6-a2afebadc823" data-myft-ui="saved" action="/myft/save/b1eda0a8-6449-4fe5-b8c6-a2afebadc823" data-js-action="/__myft/api/core/saved/content/b1eda0a8-6449-4fe5-b8c6-a2afebadc823?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears to myFT for later" aria-label="Save US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears to myFT for later" data-alternate-label="US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="b1eda0a8-6449-4fe5-b8c6-a2afebadc823" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/b1eda0a8-6449-4fe5-b8c6-a2afebadc823" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2500%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F10f534b9-b252-428a-ac5f-c152ed4225a0.png?source=next&fit=scale-down&dpr=2&width=240" alt="A chart showing the fall in the Stoxx Europe 600 and S&P 500 since Donald Trump’s tariffs announcement on April 2 2025"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T18:43:39.864Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="8ba439ec-297c-4372-ba45-37e9d7fd1771" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="8ba439ec-297c-4372-ba45-37e9d7fd1771"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/equities" aria-label="Category: Equities">Equities</a></div><div class="o-teaser__heading"><a href="/content/8ba439ec-297c-4372-ba45-37e9d7fd1771" data-trackable="heading-link" class="js-teaser-heading-link">Hedge funds hit with steepest margin calls since 2020 Covid crisis</a></div><p class="o-teaser__standfirst"><a href="/content/8ba439ec-297c-4372-ba45-37e9d7fd1771" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Banks ask clients to stump up additional money as global market sell-off knocks value of holdings</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="8ba439ec-297c-4372-ba45-37e9d7fd1771" data-myft-ui="saved" action="/myft/save/8ba439ec-297c-4372-ba45-37e9d7fd1771" data-js-action="/__myft/api/core/saved/content/8ba439ec-297c-4372-ba45-37e9d7fd1771?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fbe759ad2-d90f-4840-85aa-a494c0e68fbd.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A pedestrian walks past a Wall Street sign near the New York Stock Exchange in New York"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T17:00:36.900Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="8ce7df68-c542-4410-ba2b-580974f80bc8" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="8ce7df68-c542-4410-ba2b-580974f80bc8"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/investments" aria-label="Category: Investments">Investments</a></div><div class="o-teaser__heading"><a href="/content/8ce7df68-c542-4410-ba2b-580974f80bc8" data-trackable="heading-link" class="js-teaser-heading-link">Directors’ Deals: Energean boss backs his own growth strategy</a></div><p class="o-teaser__standfirst"><a href="/content/8ce7df68-c542-4410-ba2b-580974f80bc8" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Board members buy in after cancellation of assets sale </a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="8ce7df68-c542-4410-ba2b-580974f80bc8" data-myft-ui="saved" action="/myft/save/8ce7df68-c542-4410-ba2b-580974f80bc8" data-js-action="/__myft/api/core/saved/content/8ce7df68-c542-4410-ba2b-580974f80bc8?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement 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class="o-teaser__image-placeholder" style="padding-bottom:56.2684%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd152268e-ac9f-4963-9123-7a51966117ee.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Drilling for oil and gas off the coast of Israel"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T15:57:49.537Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="25e49d20-27e0-4850-9235-a98bb0adf9c9" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="25e49d20-27e0-4850-9235-a98bb0adf9c9"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/us-treasury-bonds" aria-label="Category: US Treasury bonds">US Treasury bonds</a></div><div class="o-teaser__heading"><a href="/content/25e49d20-27e0-4850-9235-a98bb0adf9c9" data-trackable="heading-link" class="js-teaser-heading-link">Flight to safety pushes 10-year Treasury yield below 4%</a></div><p class="o-teaser__standfirst"><a href="/content/25e49d20-27e0-4850-9235-a98bb0adf9c9" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">US government debt has surged as Trump’s trade war sparks exodus from American stocks and the dollar</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="25e49d20-27e0-4850-9235-a98bb0adf9c9" data-myft-ui="saved" action="/myft/save/25e49d20-27e0-4850-9235-a98bb0adf9c9" data-js-action="/__myft/api/core/saved/content/25e49d20-27e0-4850-9235-a98bb0adf9c9?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Flight to safety pushes 10-year Treasury yield below 4% to myFT for later" aria-label="Save Flight to safety pushes 10-year Treasury yield below 4% to myFT for later" data-alternate-label="Flight to safety pushes 10-year Treasury yield below 4% is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="25e49d20-27e0-4850-9235-a98bb0adf9c9" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/25e49d20-27e0-4850-9235-a98bb0adf9c9" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2539%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F3e7f26e5-e972-45ed-af4c-0d203e094750.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Traders are seated at desks on the New York Stock Exchange floor, surrounded by multiple computer screens displaying financial data and stock charts"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T12:56:59.899Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="1bae6dcc-ac08-4007-b5a4-be6b0e24527c" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="1bae6dcc-ac08-4007-b5a4-be6b0e24527c"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/bp" aria-label="Category: BP PLC">BP PLC</a></div><div class="o-teaser__heading"><a href="/content/1bae6dcc-ac08-4007-b5a4-be6b0e24527c" data-trackable="heading-link" class="js-teaser-heading-link">BP chair Helge Lund to step down</a></div><p class="o-teaser__standfirst"><a href="/content/1bae6dcc-ac08-4007-b5a4-be6b0e24527c" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Exit follows a bruising period for UK oil major that faces pressure from activist Elliott</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="1bae6dcc-ac08-4007-b5a4-be6b0e24527c" data-myft-ui="saved" 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</span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/1bae6dcc-ac08-4007-b5a4-be6b0e24527c" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2772%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F62c0d576-eb14-48f7-8ba2-30ef5f780c66.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Helge Lund is speaking during an interview"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-04T11:00:27.738Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="a925c828-8472-43f9-baa1-3c5608e6795f" 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datetime="2025-04-04T10:23:16.562Z">Friday, 4 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="90de7f3e-65bb-460b-8a1c-dfd413ddc57a" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="90de7f3e-65bb-460b-8a1c-dfd413ddc57a"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/us-equities" aria-label="Category: US equities">US equities</a></div><div class="o-teaser__heading"><a href="/content/90de7f3e-65bb-460b-8a1c-dfd413ddc57a" data-trackable="heading-link" class="js-teaser-heading-link">Yesterday was a big day for BTFD </a></div><p class="o-teaser__standfirst"><a href="/content/90de7f3e-65bb-460b-8a1c-dfd413ddc57a" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Liberating retail traders of their money</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui 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data-id="e453f9c3-6c8f-4896-85f8-7c4c7d1461c9" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="e453f9c3-6c8f-4896-85f8-7c4c7d1461c9"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Unhedged</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/robert-armstrong" aria-label="Category: Robert Armstrong">Robert Armstrong</a></div><div class="o-teaser__heading"><a href="/content/e453f9c3-6c8f-4896-85f8-7c4c7d1461c9" data-trackable="heading-link" class="js-teaser-heading-link">What the dollar’s bad day shows</a><span> <span class="o-labels o-labels--premium o-labels--content-premium">Premium</span><span class="o-normalise-visually-hidden"> content</span></span></div><p class="o-teaser__standfirst"><a href="/content/e453f9c3-6c8f-4896-85f8-7c4c7d1461c9" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Tariffs are supposed 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class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T16:57:25.571Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="cdba81e5-0a28-40f6-a13f-f87850fe0f01" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="cdba81e5-0a28-40f6-a13f-f87850fe0f01"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/chinese-economy" aria-label="Category: Chinese economy">Chinese economy</a></div><div class="o-teaser__heading"><a href="/content/cdba81e5-0a28-40f6-a13f-f87850fe0f01" data-trackable="heading-link" class="js-teaser-heading-link">Fitch downgrades China’s sovereign debt over spending and tariffs</a></div><p class="o-teaser__standfirst"><a href="/content/cdba81e5-0a28-40f6-a13f-f87850fe0f01" data-trackable="standfirst-link" tabindex="-1" 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</div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T16:18:13.407Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="882e200c-8055-41ce-a52f-2620e6cbdab0" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="882e200c-8055-41ce-a52f-2620e6cbdab0"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/european-banks" aria-label="Category: European banks">European banks</a></div><div class="o-teaser__heading"><a href="/content/882e200c-8055-41ce-a52f-2620e6cbdab0" data-trackable="heading-link" class="js-teaser-heading-link">European banks exposed to risk of US dollar shortfall, says EU watchdog</a></div><p class="o-teaser__standfirst"><a href="/content/882e200c-8055-41ce-a52f-2620e6cbdab0" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Banking regulator finds 60 out of 267 banks have insufficient US dollar funding to cover exposures in the currency</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="882e200c-8055-41ce-a52f-2620e6cbdab0" data-myft-ui="saved" action="/myft/save/882e200c-8055-41ce-a52f-2620e6cbdab0" data-js-action="/__myft/api/core/saved/content/882e200c-8055-41ce-a52f-2620e6cbdab0?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fad565264-efdb-48bf-9f43-1d90a8bcaed9.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Clouds drift over the European Central Bank and the river Main in Frankfurt, Germany"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T14:36:39.528Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="58a68e1b-3ac7-4d90-bc3c-141040320507" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="58a68e1b-3ac7-4d90-bc3c-141040320507"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Lex</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/european-banks" aria-label="Category: European banks">European banks</a></div><div class="o-teaser__heading"><a href="/content/58a68e1b-3ac7-4d90-bc3c-141040320507" data-trackable="heading-link" class="js-teaser-heading-link">Queasy Irish banks are opportunities for strong-stomached investors</a><span> <span class="o-labels o-labels--premium o-labels--content-premium">Premium</span><span class="o-normalise-visually-hidden"> content</span></span></div><p class="o-teaser__standfirst"><a href="/content/58a68e1b-3ac7-4d90-bc3c-141040320507" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Importantly, a lot of risk has already been factored in by both investors and the banks themselves</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="58a68e1b-3ac7-4d90-bc3c-141040320507" data-myft-ui="saved" 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<span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/58a68e1b-3ac7-4d90-bc3c-141040320507" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2667%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fc173b746-125b-4f40-b7f0-051fdd29607c.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A cyclist passes an AIB branch in Dublin, Ireland"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T12:15:57.399Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="9980a4d8-dad5-4627-ba6d-df1be0c25ea5" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="9980a4d8-dad5-4627-ba6d-df1be0c25ea5"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/leveraged-loans" aria-label="Category: Leveraged loans">Leveraged loans</a></div><div class="o-teaser__heading"><a href="/content/9980a4d8-dad5-4627-ba6d-df1be0c25ea5" data-trackable="heading-link" class="js-teaser-heading-link">Finastra refinance effort stalls as US sell-off pressures hit loan market </a></div><p class="o-teaser__standfirst"><a href="/content/9980a4d8-dad5-4627-ba6d-df1be0c25ea5" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Company owned by Vista Equity Partners had been seeking to pay down big private credit debt</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="9980a4d8-dad5-4627-ba6d-df1be0c25ea5" data-myft-ui="saved" action="/myft/save/9980a4d8-dad5-4627-ba6d-df1be0c25ea5" data-js-action="/__myft/api/core/saved/content/9980a4d8-dad5-4627-ba6d-df1be0c25ea5?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Finastra refinance effort stalls as US sell-off pressures hit loan market to myFT for later" aria-label="Save Finastra refinance effort stalls as US sell-off pressures hit loan market to myFT for later" data-alternate-label="Finastra refinance effort stalls as US sell-off pressures hit loan market is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="9980a4d8-dad5-4627-ba6d-df1be0c25ea5" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/9980a4d8-dad5-4627-ba6d-df1be0c25ea5" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F1fa4bb68-1bea-4ad0-ae4c-a9c87d3a9c2c.jpg?source=next&fit=scale-down&dpr=2&width=240" alt=""/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T11:45:22.697Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="a3cec578-f5b6-4134-bcb8-5312e3aa58b1" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="a3cec578-f5b6-4134-bcb8-5312e3aa58b1"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/trump-tariffs" aria-label="Category: Trump tariffs">Trump tariffs</a></div><div class="o-teaser__heading"><a href="/content/a3cec578-f5b6-4134-bcb8-5312e3aa58b1" data-trackable="heading-link" class="js-teaser-heading-link">US coffee drinkers in for double shot of pain from tariffs </a></div><p class="o-teaser__standfirst"><a href="/content/a3cec578-f5b6-4134-bcb8-5312e3aa58b1" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Beans and chocolate prices set to rise as a result of new levies </a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="a3cec578-f5b6-4134-bcb8-5312e3aa58b1" data-myft-ui="saved" action="/myft/save/a3cec578-f5b6-4134-bcb8-5312e3aa58b1" data-js-action="/__myft/api/core/saved/content/a3cec578-f5b6-4134-bcb8-5312e3aa58b1?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save US coffee drinkers in for double shot of pain from tariffs to myFT for later" aria-label="Save US coffee drinkers in for double shot of pain from tariffs to myFT for later" data-alternate-label="US coffee drinkers in for double shot of pain from tariffs is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="a3cec578-f5b6-4134-bcb8-5312e3aa58b1" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/a3cec578-f5b6-4134-bcb8-5312e3aa58b1" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fa2030239-18dd-409f-89da-d3a4db788b34.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A worker handles coffee beans from a bucket"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T11:00:16.981Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="92641aaf-c855-4b3c-92c0-90c8eebcabc1" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="92641aaf-c855-4b3c-92c0-90c8eebcabc1"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/fintech" aria-label="Category: Fintech">Fintech</a></div><div class="o-teaser__heading"><a href="/content/92641aaf-c855-4b3c-92c0-90c8eebcabc1" data-trackable="heading-link" class="js-teaser-heading-link">Fintech Plaid completes new funding round but finds valuation cut in half</a></div><p class="o-teaser__standfirst"><a href="/content/92641aaf-c855-4b3c-92c0-90c8eebcabc1" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Pioneer of open banking will use $575mn raised from BlackRock and others to cover employee taxes and share buybacks </a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="92641aaf-c855-4b3c-92c0-90c8eebcabc1" data-myft-ui="saved" action="/myft/save/92641aaf-c855-4b3c-92c0-90c8eebcabc1" data-js-action="/__myft/api/core/saved/content/92641aaf-c855-4b3c-92c0-90c8eebcabc1?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Fintech Plaid completes new funding round but finds valuation cut in half to myFT for later" aria-label="Save Fintech Plaid completes new funding round but finds valuation cut in 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o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T11:00:16.977Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="77043451-8567-42e8-950b-41b17ff44606" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="77043451-8567-42e8-950b-41b17ff44606"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/energy-source" aria-label="Category: Energy Source">Energy Source</a></div><div class="o-teaser__heading"><a href="/content/77043451-8567-42e8-950b-41b17ff44606" data-trackable="heading-link" class="js-teaser-heading-link">How deepwater producers remain resilient amid fluctuating oil prices</a><span> <span class="o-labels o-labels--premium o-labels--content-premium">Premium</span><span class="o-normalise-visually-hidden"> content</span></span></div><p class="o-teaser__standfirst"><a href="/content/77043451-8567-42e8-950b-41b17ff44606" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">The industry has made a comeback and is one of the biggest sources of growth for large operators </a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="77043451-8567-42e8-950b-41b17ff44606" data-myft-ui="saved" action="/myft/save/77043451-8567-42e8-950b-41b17ff44606" data-js-action="/__myft/api/core/saved/content/77043451-8567-42e8-950b-41b17ff44606?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save How deepwater producers remain resilient amid fluctuating oil prices to myFT for later" aria-label="Save How deepwater producers remain resilient amid fluctuating oil prices to myFT for later" data-alternate-label="How deepwater producers remain resilient amid fluctuating oil prices is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="77043451-8567-42e8-950b-41b17ff44606" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/77043451-8567-42e8-950b-41b17ff44606" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2254%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F7cdff44e-491b-45ae-9dc7-8c0ab2611dfb.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A deepwater oil platform in the Gulf of Mexico"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T10:24:23.952Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="7664bc1e-9551-430d-b64b-ccae1b7d1916" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="7664bc1e-9551-430d-b64b-ccae1b7d1916"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/global-economy" aria-label="Category: Global Economy">Global Economy</a></div><div class="o-teaser__heading"><a href="/content/7664bc1e-9551-430d-b64b-ccae1b7d1916" data-trackable="heading-link" class="js-teaser-heading-link">‘Beware a dollar confidence crisis’ — DB</a></div><p class="o-teaser__standfirst"><a href="/content/7664bc1e-9551-430d-b64b-ccae1b7d1916" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Taking another look at the puzzling greenback puke</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="7664bc1e-9551-430d-b64b-ccae1b7d1916" data-myft-ui="saved" action="/myft/save/7664bc1e-9551-430d-b64b-ccae1b7d1916" data-js-action="/__myft/api/core/saved/content/7664bc1e-9551-430d-b64b-ccae1b7d1916?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F627a8b8d-901f-4127-a8b4-6ab29055dff2.webp?source=next&fit=scale-down&dpr=2&width=240" alt=""/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T08:57:55.402Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="de6b271d-6bd3-4879-8ba6-c86ce0a71fd4" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="de6b271d-6bd3-4879-8ba6-c86ce0a71fd4"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/bp" aria-label="Category: BP PLC">BP PLC</a></div><div class="o-teaser__heading"><a 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