Finance

A perfect storm of policy and regulatory headwinds has slowed new construction to a trickle

Wall Street has come alive to the threat from AI to broad swaths of white-collar work, indiscriminately wiping billions of dollars off stocks in sectors from wealth managers to insurance brokers and property services. After new AI tools such as Anthropic’s Claude Code and Google’s Project Genie triggered last week’s sell-off in software companies and … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Heathrow’s chief executive has said the airport feels crowded because British and European travellers walk on opposite sides and keep bumping into each other. Thomas Woldbye said the UK’s only hub airport held more passengers … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of Schroders called the Treasury ahead of announcing its £9.9bn sale to US fund group Nuveen to reassure Downing Street of the asset manager’s commitment to the UK’s capital markets. Schroders on … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What could be more worthy of anguished garment-rending than the sale of a UK national treasure at an uninspired price? Asset manager Schroders is being acquired by US rival Nuveen for a mere £9.9bn, a … Read more

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Bank executives are making a last-ditch push to dissuade the UK Treasury from appointing the former senior US financial regulator Michael Hsu as the next chief supervisor of British lenders and insurers, according to … Read more

Latest softening of levies comes amid persistent voter anxiety about affordability in the US

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs general counsel Kathy Ruemmler will resign this summer after documents released by the US Department of Justice revealed the extent of her ties with sex offender Jeffrey Epstein. Ruemmler told the FT that … Read more

Those calling for the Fed to cut rates should look again at the relationship between prices and productivity growth

While Sir Keir Starmer was fighting for his political life in Westminster this week, on the terraced streets of south-east Manchester a new threat to the UK prime minister was unfolding in the form of a by-election that could reshape British politics. Gorton and Denton is rock-solid Labour territory — or at least it was. … Read more