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Alexandra Scaggs joined FT Alphaville in June 2016. She previously covered US interest rates for Bloomberg and wrote about US equities at the Wall Street Journal.
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Workers’ share of income has fallen most in industries controlled by just a few players
Outlook is negative without new sources of funding, rating agency says
Highest level since mid-May brings net inflows for the year to date near to $14bn
Trading volumes in credit default swaps tied to the electric carmaker have jumped
A niche investment vehicle is growing in popularity as the Federal Reserve raises rates
Recovery rates at risk if downturn prompts a string of bankruptcies or defaults
’I’m not thrilled . . . but I’m letting them do what they feel is best’
Demand for Treasuries remains robust even as Fed steps back from auctions