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US politics & policy

US Senate races towards final vote on debt ceiling bill

Upper chamber of Congress begins considering legislation to avert a default

updated

‘Faith in the Speaker’: McCarthy defies critics with US debt ceiling win

Why Wall Street is trying to shake up the 2024 race

The Big Read. The big question of how small chips can get

Editor's picks

Culture wars test corporate America’s commitment to Pride month

Beware ‘death by GPT syndrome’

Top stories

JetBlue vows to give up New York gates if US approves Spirit Airlines deal

Live

Markets Briefing. US stocks hit 9-month high on optimism over debt ceiling deal

2 hours ago

Musk’s SpaceX wins Pentagon contract for satellite in Ukraine

The Starlink internet service is vital for Ukraine but he billionaire has expressed concerns about its military use

Russia claims it repelled second attack by pro-Kyiv militias

Goldman Sachs Group

Goldman warns of new job cuts in ‘tougher environment’ on Wall Street

President John Waldron says bank on track to hit or exceed a $600mn payroll savings target

Goldman’s China dealmaker stops tapping US investors

Electric vehicles

‘Everyone will get affected’: Tesla jolts EV charging industry

Opening up proprietary Supercharger network qualifies car group for new US subsidies

Taking an electric car on the road is still a gamble in America

Spotlight

FT Magazine. Porsche, Bentley, Armani: Why Miami can’t build enough branded high rises

Gil Dezer — king of ultra-luxury towers — thinks he’s immune to the city’s boom-and-bust condo market

The Big Read. How the US is deepening military alliances in China’s backyard

The Biden administration is stepping up security initiatives to boost deterrence and better prepare for potential conflict over Taiwan

News

Sotheby’s buys New York landmark from Whitney in near $100mn deal

Auction house moves closer to heart of city’s art scene with purchase of brutalist Marcel Breuer structure

Dollar General shares plunge 20% after gloomy sales forecast

US discount retailer warns customers are shifting to lower-margin essentials such as food

Unhedged. Discounters get discounted

Meta unveils new virtual reality device ahead of Apple headset launch

Chief Mark Zuckerberg teases new Quest 3 product as tech group continues to develop metaverse ambitions

Inside Business. Apple’s mixed reality headset is a hedge against future disruption

Most read

‘Primate AI algorithm’ predicts genetic health risks

Scientists apply deep learning to expanded DNA database to help identify disease-causing mutations in humans

Brazilian politics

Lula nominates personal lawyer to Brazil’s supreme court

Appointment of ‘friend and comrade’ angers rightwing opposition and legal experts

Casino Guichard-Perrachon SA

Casino chief questioned by police over financial manipulation and insider trading allegations

Jean-Charles Naouri’s questioning comes as retailer boss battles to save heavily indebted group from deteriorating financial situation

UK Covid inquiry

UK government takes legal action over Johnson’s Covid messages

Cabinet Office reveals former PM’s WhatsApp communications only date back to May 2021

High yield bonds

Resilient US junk bond market baffles investors

Scarce supply pushes down high-yield spreads, despite worries about elevated interest rates and recession

Watchdogs must ‘up their game’ to prevent future bank failures, says BIS

Eurozone inflation

Eurozone inflation falls to lowest level since Russia invaded Ukraine

May figure drops to 6.1% but ECB president Christine Lagarde signals more interest rate rises ahead

Free Lunch. The case for ‘team transitory’ lives on

Beijing calls on Arm to intensify chip co-operation with Chinese companies

Designer plays critical role in semiconductor industry under pressure from US export restrictions

Disease control and prevention

Preparing for the next pandemic will take a global commitment

The leaked draft of the WHO Pandemic Accord contains worrying signs

Mariana Mazzucato

Opinion

How the Thatcherites lost their Brexit dream and their party

The trade-off the original Tory Leavers made with populists handed the Conservatives over to an alien worldview

Robert Shrimsley

Peace edges closer in the troubled south Caucasus

Armenian concessions to Azerbaijan may end the longest-running territorial conflict in the former Soviet Union

Game, set and almost match to Biden on the debt ceiling

The FT View. China’s faltering outlook for growth

The editorial board

Outlook. The joke can be on Hong Kong comedians if they cross the line

Inside Business. Younger CEOs may be an answer to business uncertainty

Peggy Hollinger

Lex. ESG: war in Ukraine leaves ethical investors sitting on defence

We should stop worshipping at the altar of convenience

More Opinion

US News

‘People rot from the inside out’: lethal xylazine deepens the US drug crisis

Cartels are cutting fentanyl with the cheap sedative, driving a surge in overdoses in cities such as Philadelphia

US-China tensions have upended global order, Jamie Dimon warns

Loan market braced for rush to Libor finish line

Top Fed official sees no ‘compelling’ reason to wait for fresh rate rise

Pentagon accuses Chinese fighter jet of ‘aggressive’ action near US plane

Total and Belgian energy start-up plan US synthetic gas investment

Goldman weighs another round of job cuts as dealmaking drought persists

Podcasts

Rachman Review. Is the Ukraine war reaching a turning point?

17 min listen

FT News Briefing. The housing supply problem: Part Two

9 min listen

Behind the Money. Best Of: Inside Johnson & Johnson’s bankruptcy two-step

35 min listen

FT Weekend podcast. Food and Drink mini-series: Tamar Adler on cooking leftovers

15 min listen

Review. Six films to watch this week

House museums #19: Georgia O’Keeffe

An island-hopping idyll in Sweden’s Bohuslän archipelago

Interview. Jonny Greenwood and Dudu Tassa on their ‘love letter to Arabic music’

FT Magazine. Lasdun, London: excellent food, soul-nourishing architecture

Video

Hillary Clinton52 min

Hillary Clinton on China, Putin and the threat to US democracy

268 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

908 hours ago

US manufacturing29 min

Why 3D printing is vital to success of US manufacturing | FT Film

1052 hours ago

World36 min

North Korea and the triads: gangsters, ghost ships and spies | FT Film

1507 hours ago

Highlights

How Taiwan became the indispensable economy

Fearing a potential conflict in Asia, western companies are looking to move production out of Taiwan. But turning away from the self-ruled island will come at a high price for manufacturers

‘The garden of war’: horseback killers return to Darfur

Nikkei Asia. Indian start-up valuations are slashed by global investors

How reliable are the UK’s migration statistics?

The Big Read. Has China become too cosy with private equity?

Letter from the editor on generative AI and the FT

Is the UK once again the ‘sick man’ of Europe?

Technology

Live news updates from June 1: US retailers warn on consumer spending, SpaceX wins Pentagon contract

#techAsia. Taiwan’s supply chain centrality and Nvidia’s ‘rock star’ CEO

Unhedged. Big Tech, narrow market

Throwaway Britain: what happens to our old tech?

HTSI. The ultimate Musk-have: satellite WiFi, naturally

Investors turn to AI-guided dealmaking to gain edge over rivals

We should stop worshipping at the altar of convenience

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