Currencies

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class="o-teaser__meta"></div><div class="o-teaser__heading"><a href="/content/6189fdb4-d1ef-4e0b-a7f1-e7f9a7286df5" data-trackable="heading-link" class="js-teaser-heading-link">Rouble slides as new Russian sanctions stifle foreign trade</a></div><p class="o-teaser__standfirst"><a href="/content/6189fdb4-d1ef-4e0b-a7f1-e7f9a7286df5" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Pressure on currency set to continue as curbs against lenders such as Gazprombank hit export payments</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="6189fdb4-d1ef-4e0b-a7f1-e7f9a7286df5" data-myft-ui="saved" action="/myft/save/6189fdb4-d1ef-4e0b-a7f1-e7f9a7286df5" data-js-action="/__myft/api/core/saved/content/6189fdb4-d1ef-4e0b-a7f1-e7f9a7286df5?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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data-stream-item> <div class="o-ads o-ads advert advert--instream" data-o-ads-targeting="pos=top;" 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="2024-11-25T21:56:19.441Z">Monday, 25 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="296efc2c-3843-41c3-b23e-bcb40faa0f41" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="296efc2c-3843-41c3-b23e-bcb40faa0f41"><div class="o-teaser__content"><div class="o-teaser__meta"><a 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aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2724%;"><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%2F612ae461-dce3-4438-8a10-a9f2dbc62483.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Scott Bessent speaks at a Republican party campaign event in August. He is seen gesturing while standing at a podium, with a US flag in the background."/></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="2024-11-25T15:20:54.650Z">Monday, 25 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="cf6fdede-2589-481a-87cb-1f7ce2b78dfa" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="cf6fdede-2589-481a-87cb-1f7ce2b78dfa"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/ae3c2c1e-fd86-3be0-9868-d9b561522363" aria-label="Category: Shahin Vallée">Shahin Vallée</a></div><div class="o-teaser__heading"><a href="/content/cf6fdede-2589-481a-87cb-1f7ce2b78dfa" data-trackable="heading-link" class="js-teaser-heading-link">Why Scott Bessent could be Trump’s James Baker</a></div><p class="o-teaser__standfirst"><a href="/content/cf6fdede-2589-481a-87cb-1f7ce2b78dfa" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">The next president’s choice as Treasury secretary may find a way to place Maga economic policy in a co-operative international framework</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="cf6fdede-2589-481a-87cb-1f7ce2b78dfa" data-myft-ui="saved" action="/myft/save/cf6fdede-2589-481a-87cb-1f7ce2b78dfa" data-js-action="/__myft/api/core/saved/content/cf6fdede-2589-481a-87cb-1f7ce2b78dfa?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." 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ff56d7304-edb4-4b7a-b78e-e25a912c9b5a.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="President Ronald Reagan (L) and his chief of staff, James Baker, ride in the presidential limousine in 1981"/></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="2024-11-23T05:01:01.200Z">Saturday, 23 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="ecf5bb79-60e7-4778-be5d-24ae92908594" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="ecf5bb79-60e7-4778-be5d-24ae92908594"><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="/retail-consumer" aria-label="Category: Retail & Consumer industry">Retail & Consumer industry</a></div><div class="o-teaser__heading"><a href="/content/ecf5bb79-60e7-4778-be5d-24ae92908594" data-trackable="heading-link" class="js-teaser-heading-link">Bitcoin and bananas add a new twist to conspicuous consumption</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/ecf5bb79-60e7-4778-be5d-24ae92908594" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Both have joined the elite world of useless objects that get desirable as they get pricier</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="ecf5bb79-60e7-4778-be5d-24ae92908594" 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2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="73fa6fd9-6f34-4e59-8f0f-04de3be7387a" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="73fa6fd9-6f34-4e59-8f0f-04de3be7387a"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">On Wall Street</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/brendan-greeley" aria-label="Category: Brendan Greeley">Brendan Greeley</a></div><div class="o-teaser__heading"><a href="/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a" data-trackable="heading-link" class="js-teaser-heading-link">The delusions behind a bitcoin strategic reserve </a></div><p class="o-teaser__standfirst"><a href="/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">It is a resilience strategy for the ‘hodlers’, not the US state</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="73fa6fd9-6f34-4e59-8f0f-04de3be7387a" data-myft-ui="saved" action="/myft/save/73fa6fd9-6f34-4e59-8f0f-04de3be7387a" data-js-action="/__myft/api/core/saved/content/73fa6fd9-6f34-4e59-8f0f-04de3be7387a?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 The delusions behind a bitcoin strategic reserve to myFT for later" aria-label="Save The delusions behind a bitcoin strategic reserve to myFT for later" data-alternate-label="The delusions behind a bitcoin strategic reserve is Saved to myFT" aria-pressed="false" 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Economy</a></div><div class="o-teaser__heading"><a href="/content/84110adc-5087-4921-ad08-49baba331fbe" data-trackable="heading-link" class="js-teaser-heading-link">Strong dollar set to hit emerging market bonds, warn investors</a></div><p class="o-teaser__standfirst"><a href="/content/84110adc-5087-4921-ad08-49baba331fbe" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">EM debt funds suffer outflows as hopes of rate cuts by developing nations fade</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="84110adc-5087-4921-ad08-49baba331fbe" data-myft-ui="saved" action="/myft/save/84110adc-5087-4921-ad08-49baba331fbe" data-js-action="/__myft/api/core/saved/content/84110adc-5087-4921-ad08-49baba331fbe?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 Strong dollar set to hit emerging market bonds, warn investors to myFT for later" aria-label="Save Strong dollar set to hit emerging market bonds, warn investors to myFT for later" data-alternate-label="Strong dollar set to hit emerging market bonds, warn investors is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="84110adc-5087-4921-ad08-49baba331fbe" > <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/84110adc-5087-4921-ad08-49baba331fbe" 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%2Fc9064079-6b94-42c2-85bd-87d0f3b762e4.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Workers exit the Central Bank of Brazil headquarters in Brasilia,"/></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="2024-11-22T16:39:43.123Z">Friday, 22 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="fa3828c4-e27c-47d9-99c3-37e3f83e333b" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="fa3828c4-e27c-47d9-99c3-37e3f83e333b"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/euro" aria-label="Category: Euro">Euro</a></div><div class="o-teaser__heading"><a href="/content/fa3828c4-e27c-47d9-99c3-37e3f83e333b" data-trackable="heading-link" class="js-teaser-heading-link">Trade war worries drive euro to two-year low</a></div><p class="o-teaser__standfirst"><a href="/content/fa3828c4-e27c-47d9-99c3-37e3f83e333b" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Single currency has been a victim of a market shift to anticipate Trump’s tariff policies</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="fa3828c4-e27c-47d9-99c3-37e3f83e333b" data-myft-ui="saved" action="/myft/save/fa3828c4-e27c-47d9-99c3-37e3f83e333b" data-js-action="/__myft/api/core/saved/content/fa3828c4-e27c-47d9-99c3-37e3f83e333b?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div 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class="o-teaser__image-placeholder" style="padding-bottom:56.2435%;"><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%2Fcc8d68c2-5ebe-46ff-921d-1d19bb7f3cf7.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A shopper hands over a €10 banknote to a vendor at a local market in Nice, France"/></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=mid;" 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 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F61d9582b-7893-4514-b332-89c236a96f61.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="2024-11-22T05:47:27.331Z">Friday, 22 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="de97f489-f3ab-4148-98c9-3c518b878d35" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="de97f489-f3ab-4148-98c9-3c518b878d35"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/chinese-business-finance" aria-label="Category: Chinese business & finance">Chinese business & finance</a></div><div class="o-teaser__heading"><a href="/content/de97f489-f3ab-4148-98c9-3c518b878d35" data-trackable="heading-link" class="js-teaser-heading-link">Foreigners dump Chinese government bonds as popular trade unwinds</a></div><p class="o-teaser__standfirst"><a href="/content/de97f489-f3ab-4148-98c9-3c518b878d35" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Investors who had borrowed renminbi to buy sovereign debt hit by market sell-off</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="de97f489-f3ab-4148-98c9-3c518b878d35" data-myft-ui="saved" action="/myft/save/de97f489-f3ab-4148-98c9-3c518b878d35" data-js-action="/__myft/api/core/saved/content/de97f489-f3ab-4148-98c9-3c518b878d35?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" 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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%2F737c040f-8944-42e3-923a-3159aa6f2f5f.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="The People’s Bank of China building in Beijing"/></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="2024-11-22T05:00:31.549Z">Friday, 22 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="36dc6603-0f85-4e96-b15f-e38d79ada6fb" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="36dc6603-0f85-4e96-b15f-e38d79ada6fb"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Skin in the Game</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stuart-kirk" aria-label="Category: Stuart Kirk">Stuart Kirk</a></div><div class="o-teaser__heading"><a href="/content/36dc6603-0f85-4e96-b15f-e38d79ada6fb" data-trackable="heading-link" class="js-teaser-heading-link">Why I’m sticking to my guns with my portfolio</a></div><p class="o-teaser__standfirst"><a href="/content/36dc6603-0f85-4e96-b15f-e38d79ada6fb" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">As I reach the two-year anniversary, I find generally sweet returns — with one flaw</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="36dc6603-0f85-4e96-b15f-e38d79ada6fb" data-myft-ui="saved" action="/myft/save/36dc6603-0f85-4e96-b15f-e38d79ada6fb" 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</form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/248d1374-e949-4ceb-b58b-1bff3be92787" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2468%;"><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%2F10db17ea-50b6-402f-9e35-230cf6150ac6.png?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="2024-11-21T02:48:47.539Z">Thursday, 21 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="c53c1bfc-67cf-4793-915c-6dea2712d6a9" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="c53c1bfc-67cf-4793-915c-6dea2712d6a9"><div class="o-teaser__content"><div class="o-teaser__meta"></div><div class="o-teaser__heading"><a href="/content/c53c1bfc-67cf-4793-915c-6dea2712d6a9" data-trackable="heading-link" class="js-teaser-heading-link">Crypto chief buys banana for $6mn at contemporary art auction </a></div><p class="o-teaser__standfirst"><a href="/content/c53c1bfc-67cf-4793-915c-6dea2712d6a9" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Justin Sun, founder of blockchain network Tron, outbids six others for Maurizio Cattelan’s ‘Comedian’ </a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="c53c1bfc-67cf-4793-915c-6dea2712d6a9" data-myft-ui="saved" action="/myft/save/c53c1bfc-67cf-4793-915c-6dea2712d6a9" 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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="2024-11-20T19:00:06.729Z">Wednesday, 20 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="1ac85c5d-51a7-47ed-9c64-2954a5bab901" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="1ac85c5d-51a7-47ed-9c64-2954a5bab901"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/867ff559-d390-4598-8348-24cfbca10466" aria-label="Category: MicroStrategy Inc.">MicroStrategy Inc.</a></div><div class="o-teaser__heading"><a href="/content/1ac85c5d-51a7-47ed-9c64-2954a5bab901" data-trackable="heading-link" class="js-teaser-heading-link">MicroStrategy takes fundraising to $7bn for push into bitcoin</a></div><p class="o-teaser__standfirst"><a href="/content/1ac85c5d-51a7-47ed-9c64-2954a5bab901" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Software maker turned crypto investor increases size of convertible bond offering to $2.6bn</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="1ac85c5d-51a7-47ed-9c64-2954a5bab901" data-myft-ui="saved" action="/myft/save/1ac85c5d-51a7-47ed-9c64-2954a5bab901" data-js-action="/__myft/api/core/saved/content/1ac85c5d-51a7-47ed-9c64-2954a5bab901?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" 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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%2Fa1d16edd-6691-4ce0-90a2-94628a1f5dfe.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Visual representations of bitcoin"/></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="2024-11-20T16:29:35.229Z">Wednesday, 20 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="36791a87-3938-4490-b178-9970d53b80fa" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="36791a87-3938-4490-b178-9970d53b80fa"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/555b8eaf-51c0-4d66-bbf3-dfe5dd0bcaaf" aria-label="Category: FTX Trading Ltd">FTX Trading Ltd</a></div><div class="o-teaser__heading"><a href="/content/36791a87-3938-4490-b178-9970d53b80fa" data-trackable="heading-link" class="js-teaser-heading-link">FTX co-founder Wang avoids prison after assisting in Bankman-Fried case</a></div><p class="o-teaser__standfirst"><a href="/content/36791a87-3938-4490-b178-9970d53b80fa" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Crypto exchange’s former chief technology officer credited by judge for swiftly helping prosecutors</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="36791a87-3938-4490-b178-9970d53b80fa" data-myft-ui="saved" action="/myft/save/36791a87-3938-4490-b178-9970d53b80fa" data-js-action="/__myft/api/core/saved/content/36791a87-3938-4490-b178-9970d53b80fa?method=put" data-myft-ui-save-config=""> 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js-teaser-image-container"><a href="/content/36791a87-3938-4490-b178-9970d53b80fa" 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%2Fc8e9b1d3-6eaf-4ac9-b81e-5722ae592ce2.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Gary Wang, co-founder and former chief technology officer of FTX Cryptocurrency Derivatives Exchange, walking outside a federal court 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="2024-11-18T20:38:13.095Z">Monday, 18 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="d7f921d5-3668-4b6b-a98d-2681ad73610f" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="d7f921d5-3668-4b6b-a98d-2681ad73610f"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/613d0399-f6c0-44b5-bdcc-e8bf13f9e815" aria-label="Category: Trump Media & Technology Group">Trump Media & Technology Group</a></div><div class="o-teaser__heading"><a href="/content/d7f921d5-3668-4b6b-a98d-2681ad73610f" data-trackable="heading-link" class="js-teaser-heading-link">Trump’s social media group in talks to buy crypto trading venue</a></div><p class="o-teaser__standfirst"><a href="/content/d7f921d5-3668-4b6b-a98d-2681ad73610f" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Truth Social owner is close to an all-share takeover of Intercontinental Exchange’s Bakkt</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="d7f921d5-3668-4b6b-a98d-2681ad73610f" data-myft-ui="saved" action="/myft/save/d7f921d5-3668-4b6b-a98d-2681ad73610f" data-js-action="/__myft/api/core/saved/content/d7f921d5-3668-4b6b-a98d-2681ad73610f?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’s social media group in talks to buy crypto trading venue to myFT for later" aria-label="Save Trump’s social media group in talks to buy crypto trading venue to myFT for later" data-alternate-label="Trump’s social media group in talks to buy crypto trading venue is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="d7f921d5-3668-4b6b-a98d-2681ad73610f" > <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/d7f921d5-3668-4b6b-a98d-2681ad73610f" 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%2Faad8ab3f-4a45-4836-ab01-8c3a268e2292.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Donald Trump next to a phone with the Truth Social app displayed on it."/></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="2024-11-18T12:30:29.225Z">Monday, 18 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="8ab293b4-ee98-4d2a-8aa9-140a6a597f42" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="8ab293b4-ee98-4d2a-8aa9-140a6a597f42"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/753c56a4-9f59-4349-bac8-1d406ee5a017" aria-label="Category: Stephen Diehl">Stephen Diehl</a></div><div class="o-teaser__heading"><a href="/content/8ab293b4-ee98-4d2a-8aa9-140a6a597f42" data-trackable="heading-link" class="js-teaser-heading-link">Bitcoin’s shift towards respectability should concern us all</a></div><p class="o-teaser__standfirst"><a href="/content/8ab293b4-ee98-4d2a-8aa9-140a6a597f42" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Regulators have not put in the necessary controls needed to address underlying disclosure, manipulation and systemic risks</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="8ab293b4-ee98-4d2a-8aa9-140a6a597f42" data-myft-ui="saved" action="/myft/save/8ab293b4-ee98-4d2a-8aa9-140a6a597f42" data-js-action="/__myft/api/core/saved/content/8ab293b4-ee98-4d2a-8aa9-140a6a597f42?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 Bitcoin’s shift towards respectability should concern us all to myFT for later" aria-label="Save Bitcoin’s shift towards respectability should concern us all to myFT for later" data-alternate-label="Bitcoin’s shift towards respectability should concern us all is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="8ab293b4-ee98-4d2a-8aa9-140a6a597f42" > <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/8ab293b4-ee98-4d2a-8aa9-140a6a597f42" 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%2Fc55e1888-1bca-4297-85dc-fdb27439c162.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A Maga-style hat on display at this year’s bitcoin conference in Tennessee during the summer"/></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="2024-11-18T05:00:00.815Z">Monday, 18 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" data-stream-item> <div class="o-teaser o-teaser--audio o-teaser--small o-teaser--has-image js-teaser" data-id="e85dcfe1-cd0d-4b51-9da0-91f89ce4755a"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/ft-news-briefing" aria-label="Category: FT News Briefing podcast">FT News Briefing podcast</a><span class="o-teaser__tag-suffix">12 min listen</span></div><div class="o-teaser__heading"><a href="/content/e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" data-trackable="heading-link" class="js-teaser-heading-link" aria-label="Listen to podcast The US dollar surges">The US dollar surges</a></div><p class="o-teaser__standfirst"><a href="/content/e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Investors are betting that Donald Trump will drive up inflation, keeping bond yields higher</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" data-myft-ui="saved" action="/myft/save/e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" data-js-action="/__myft/api/core/saved/content/e85dcfe1-cd0d-4b51-9da0-91f89ce4755a?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 The US dollar surges to myFT for later" aria-label="Save The US dollar surges to myFT for later" data-alternate-label="The US dollar surges is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" > <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/e85dcfe1-cd0d-4b51-9da0-91f89ce4755a" 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%2Fuploaded-files%2Fft-news-briefing-2e004171-2412-45a7-969b-31ddb3890ac8.png?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="2024-11-17T16:00:48.519Z">Sunday, 17 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="e578ca2a-15ae-423b-8971-e02c4440d5fb" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="e578ca2a-15ae-423b-8971-e02c4440d5fb"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/rana-foroohar" aria-label="Category: Rana Foroohar">Rana Foroohar</a></div><div class="o-teaser__heading"><a href="/content/e578ca2a-15ae-423b-8971-e02c4440d5fb" data-trackable="heading-link" class="js-teaser-heading-link">What to expect from the markets under Trump </a></div><p class="o-teaser__standfirst"><a href="/content/e578ca2a-15ae-423b-8971-e02c4440d5fb" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">We’ll get a short-term high — but many investors are worrying about what comes next</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="e578ca2a-15ae-423b-8971-e02c4440d5fb" data-myft-ui="saved" action="/myft/save/e578ca2a-15ae-423b-8971-e02c4440d5fb" data-js-action="/__myft/api/core/saved/content/e578ca2a-15ae-423b-8971-e02c4440d5fb?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 What to expect from the markets under Trump to myFT for later" aria-label="Save What to expect from the markets under Trump to myFT for later" data-alternate-label="What to expect from the markets under Trump is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="e578ca2a-15ae-423b-8971-e02c4440d5fb" > <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/e578ca2a-15ae-423b-8971-e02c4440d5fb" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2375%;"><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%2Fee7cc0e4-7a84-451f-add9-c7bfd47f41a5.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Illustration of Trump riding a crashing stock market bull with his Maga hat flying off"/></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="2024-11-15T08:00:42.126Z">Friday, 15 November, 2024</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="190c09c4-4f07-4c2d-86ac-c7a06060bed3" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="190c09c4-4f07-4c2d-86ac-c7a06060bed3"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/foreign-exchange" aria-label="Category: Foreign exchange">Foreign exchange</a></div><div class="o-teaser__heading"><a href="/content/190c09c4-4f07-4c2d-86ac-c7a06060bed3" data-trackable="heading-link" class="js-teaser-heading-link">Trade protectionism masquerading as currency policy is harmful</a></div><p class="o-teaser__standfirst"><a href="/content/190c09c4-4f07-4c2d-86ac-c7a06060bed3" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">How about just getting macro policy right and ignore the dollar?</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="190c09c4-4f07-4c2d-86ac-c7a06060bed3" data-myft-ui="saved" action="/myft/save/190c09c4-4f07-4c2d-86ac-c7a06060bed3" data-js-action="/__myft/api/core/saved/content/190c09c4-4f07-4c2d-86ac-c7a06060bed3?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 Trade protectionism masquerading as currency policy is harmful to myFT for later" aria-label="Save Trade protectionism masquerading as currency policy is harmful to myFT for later" data-alternate-label="Trade protectionism masquerading as currency policy is harmful is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="190c09c4-4f07-4c2d-86ac-c7a06060bed3" > <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/190c09c4-4f07-4c2d-86ac-c7a06060bed3" 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class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/etf-stream" aria-label="Category: Exchange traded funds">Exchange traded funds</a></div><div class="o-teaser__heading"><a href="/content/6abb3096-e740-4f31-abb5-c0be737f4ae2" data-trackable="heading-link" class="js-teaser-heading-link">Trump victory tipped to break logjam of exotic US crypto ETF filings </a></div><p class="o-teaser__standfirst"><a href="/content/6abb3096-e740-4f31-abb5-c0be737f4ae2" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">SEC has only allowed spot bitcoin and ether ETFs, while Europe has ETPs invested in about 30 cryptocurrencies</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="6abb3096-e740-4f31-abb5-c0be737f4ae2" data-myft-ui="saved" action="/myft/save/6abb3096-e740-4f31-abb5-c0be737f4ae2" 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