Chevron and Exxon profits drop as Trump trade war hits oil
Industry contends with weakening demand as US president’s tariffs threaten economic outlook
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Wall Street and European markets finish week on a high after US jobs report
FTSE 100 records its longest winning streak as Washington releases better-than-expected hiring figures
Markets on both sides of the Atlantic rose on Friday after hiring in the US slowed less than expected in April, offering a glimmer of hope that the world’s largest economy was in a better-than-feared position to withstand the fallout from Donald Trump’s tariffs.
On Wall Street the S&P 500 was up 1.5% and the Dow Jones rose 1.3% by early afternoon on Friday, while European markets closed sharply higher after official figures showed the US workforce grew by 177,000 last month.
Co-op hackers stole ‘significant’ amount of customer data
The firm previously said there was ‘no evidence that customer data was compromised’.
How much exposure to US stocks is too much?
The key conversation in asset management now is around the new “neutral” level for portfolios
The bright line between public and private markets is fading fast
It is not hard to see why public and private behemoths are teaming up
New rules result in near absence of ‘sustainable’ passive funds
Average fees for active funds are seven times higher than trackers