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Dow futures dip as Wall Street weighs likelihood of Trump’s latest tariff threat, while U.S. eyes call to resolve China trade snag

The so-called TACO trade will be tested as market respond to President Donald Trump’s announcement on Friday night that he will double steel tariffs to 50%. Meanwhile, administration officials sounded upbeat that the Trump and President Xi Jinping could...

UK industrial strategy must deal with high energy costs, business warns

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Prime Minister Sir Keir Starmer has been warned by British business that his vaunted industrial strategy, to be published this month,...

Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

If President Donald Trump’s tariffs settle around 10%, that could still allow the Federal Reserve to cut rates later this year while they generate revenue that helps with the massive budget deficit, according to Wells Fargo’s Christopher Harvey, who...

Ukraine stages audacious attack on airfields deep in Russian territory

Ukraine’s forces launched a massive drone attack on four airfields deep inside Russia that were home to strategic bombers used in air raids, officials said on Sunday, in possibly their most audacious attack of the war.“At this point, more...

Dick’s Sporting Goods exec defends Foot Locker acquisition: ‘Like it or not, we make these decisions and investments for a lifetime’

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a...

Britain doesn’t have a productivity puzzle

This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersWelcome back. Britain’s...
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