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Cautious stance tempered by fears over ‘upside risks’ to inflation
Profits top forecast but retailer reports first year-on-year decline in revenue in six years
Maybe! But we still need a durable shift in the vibe supply
One year after the IRA and Chips Act became law, FT research shows who is winning the investment race
EU start-ups attract less than half the funding of US counterparts since IRA was unveiled
The FT’s US financial editor Brooke Masters explains why share buybacks have become so hotly debated
They’re still borrowing, even with high costs
Trade restrictions and preferential treatment of US companies will hurt the people America’s new approach is meant to help
Persistent wage growth could keep interest rates higher for longer
Biden administration officials were keen to stress the limited scope of new rules announced in last week’s executive order
But Goldman reckons it’s (maybe) coming in late 2024
Washington’s refusal to extend October deadline puts pressure on both parties to reconcile diverging approaches
Buying US Steel would reinforce the kingpin status of Cleveland-Cliffs
Outbound capital heading east is the target of a White House executive order
A year after passage of IRA and Chips Act, vast majority of investment is going to red states
Aviation regarded as new market for refiners as electric vehicles endanger demand
Central bank will continue shedding Treasuries at a time of significant US government borrowing
And more on whether Berkshire can outperform
The answer says much about the monopolarity of the UK’s economic geography
Smaller than expected annual increase supports case for Fed to hold interest rates steady in September
Private equity and venture capital funds targeted in Biden administration’s crackdown
Also in today’s newsletter, Joe Biden touts clean energy jobs on the campaign trail
And the flip side of floating rates is credit risk
Biden cites security risk as he restricts American capital for companies linked to China’s military
The hole in the soft landing story
UK Edition