Trump adrift: the president’s second term is at risk of foundering
There are signs that voters are losing faith as problems mount for his administration ahead of midterm elections
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FirstFT: Yen surges amid reports that Tokyo intervened to support currency
Also in today’s newsletter: Israel deployed laser system to UAE, and China sales power Apple results
Inside the Fed: Powell vows he won’t be a ‘shadow chair,’ but a Warsh clash will be tough to avoid
When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.
Tech rally powers US stocks to best month since 2020
Strong earnings and AI spending plans help investors shrug off fallout from Middle East conflict
Blue Owl draws in $9bn as private credit market cools
Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
Oil falls back after surging to $126 on supply fears
Brent crude hit new conflict high as blockade of Strait of Hormuz continues before dropping in wildly volatile trading