Hooked on hedge fund leverage
Plus, Elliott’s ‘lone wolf’, US stocks underperform, and Grayson Perry at the Wallace Collection
Economic news
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Exxon poised to overtake Shell and BP on low carbon spending
US oil major’s $30bn plan depends on Trump administration retaining Biden-era tax incentives
China stockpiles oil as Trump tariff shock hits crude prices
Imports surged in March and continued to accelerate despite concerns global economy will weaken
The spectre of dollar doomsday still looms
Whatever happens with Trump’s tariffs, investors need to prepare for a new market paradigm
In charts: How Britain’s banking revolution failed
Rules ushered in after the financial crisis have largely failed to unseat large lenders
There are signs Trump could be ready to retreat on tariffs
BBC economic editor Faisal Islam on what comes next for the US president’s central economic policy.