Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street’s rebound since late March has been driven by the smallest number of stocks on record, pushing US market concentration to an all-time high and prompting warnings about the “fragility” of the rally. The…
Amid growing tensions between President Trump and Pope Leo XIV, the pontiff met privately with Secretary of State Marco Rubio at the Vatican on Thursday morning They discussed “the situation in the Middle East and topics of mutual interest in the Western Hemisphere,” according to a statement from Tommy Pigott, the spokesman for the State…
Michigan may be known for Midwestern friendliness, but right now the swing state is home to the most combative Democratic Senate primary of the midterms. Attacks are flying, prominent Democrats are taking sides, and the bruising contest is causing anxiety in the party. And with about three months left until the primary, the fracas is…
Surging gas prices are inflaming a longstanding economic divide in America, as households with lower incomes struggle to pay more at the pump at a moment when prices are already elevated. After more than two months of war in the Middle East, the national average gas price has surpassed $4.50 a gallon. And according to…
The surge of the Green party has emphasised an iron rule of British politics: those on the left cannot be treated as legitimate political actors. A case in point came at the weekend, when the Green party leader, Zack Polanski, was interviewed by Sky News’ Trevor Phillips, who barely concealed his contempt. Two weeks ago,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Toyota is pushing the accelerator on electric vehicle sales even as other automakers scale back their ambitious targets, in a sign that the hybrid pioneer is facing up to the threat posed by such cars…
President Trump keeps looking for the magic formula that will deliver him victory in Iran. First was the airstrike last June intended, he said, to “obliterate” Iran’s nuclear program. Then came the intense February air campaign carried out with Israel and designed, he said, to deliver regime change and a popular uprising. Then he bet…
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Global oil reserves plunged at a record pace in April, as the conflict in the Middle East strains supplies and raises the risk of a further sharp jump in prices ahead of the summer travel season….
Violence flared anew in and around the Persian Gulf on Monday, as the United Arab Emirates said Iran had fired missiles and drones at its territory and the U.S. military said it sunk several Iranian military boats, straining the fragile cease-fire in the Middle East. The Emirati authorities blamed Iran for attacks on a major…
The soldiers heaved the 300-pound plastic sleds down the hallway of their headquarters building. Packed inside were the things they would need to survive when the temperature at their Alaska training area plunged to 40 below or colder. Each sled carried a tent with enough room for 10 troops if they curled their legs. There…
