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Gillian TettFinancial Times |
Doubling down on fossil fuels threatens to leave the US floundering in the AI race with China
Cognitive blind spots are undermining our ability to see the world as it is, rather than as we would like it to be
The country is taking a huge bite out of the European and US market with ever-growing production of luxury foods
Financial gamification has upended traditional patterns of trust and oversight
The surge in the precious metal’s price could have ominous implications for the markets
Old assumptions about expectations and targets can no longer be relied upon
Global politicians need to understand that White House policy is driven by melodrama and instinct
Today’s eye-popping valuations are based on the assumption that LLMs are the only game in town
The administration sees these digital assets as a tool in the fight against de-dollarisation
In the long run bubbles always deflate, often when least expected
The economic imperative of climate resilience means adaptation must be considered as well as mitigation
Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally
Spending vast sums and inflating an investment bubble is no guarantee of unleashing technological magic
Global FDI is flowing west — this may well be one of Trump’s biggest legacies
The legal tussle over the president’s trade policy is a result of the way he wields power
The US president’s assault on the green energy ‘scam’ is part of the struggle with China for global economic hegemony
Ukraine and Russia’s experience has changed the economics of combat
Trump and his economic advisers want to narrow the central bank’s mission dramatically
C-suites are conspicuously silent in the face of the president’s policy surprises
In the land of the (supposedly) free markets, government stakes and price controls are met with silence on Wall Street
Some investors believe the technology’s productivity benefits will put the US on a better fiscal path
Yes, there are risks, but we should recognise that the underlying technology can be useful
For some observers, the rapid rise of this asset class invites unsettling historical comparisons
Curtis Yarvin’s ideas are going ever more mainstream in Trump’s Washington — and investors should be worried
While the behaviour of bonds suggests a downturn, American stocks are at record highs
When political populism collides with scientific innovation, there is usually only one winner
Calls for European governments to repatriate the bullion they store in the US are a sign of something bigger
Investors are so stunned they can’t process the warning signs of a looming tail risk
Officials outside the US worry about what will happen when Jay Powell leaves the Fed
Science, civic life and commerce all rely on safeguarding government statistics from Trump’s assault
Investors are fretting about a clause that would penalise foreign holders of US assets
Market unease at the US’s fiscal position is growing
History shows they must either be used decisively, together with allies, or not at all
Tech, trade, finance and military policies are mingling in a manner not seen during the neoliberal era
If the tariffs remain in place, American companies will be in sore need of funds to pay the bills
Yields on US government bonds have been thrashing around in response to Trump’s capricious policy plans
The Fed chair is determined to see out his term, and lawyers at the central bank think he has good grounds to do so
Nvidia has become a symbol of the looming business nightmare unleashed by Donald Trump
It’s not just bread and circuses any more
The double whammy of falling bond and equity prices could partly be hedge funds unwinding so-called ‘basis trades’
The new field of ‘geoeconomics’ offers a guide for the perplexed
Some advisers now view the price of the fossil fuel as a crucial anti-inflation tool
Ozempic might feature in future US negotiations with Denmark over Greenland
Capital inflows could be the Trump administration’s next target
Trump’s team consider financial policy interventions to be crucial in a grand reordering of global finance and trade
The Trump buzzword looks set to become a weapon in the budget wars
Trade tariffs grab headlines but the less-visible fight around money matters deeply to the president
This is a world in which no one can ‘price’ peace any more
The US president wants to weaken the dollar while preserving its exorbitant privilege
If he can drive the change that’s required, future generations will thank him