Politics

“Sell in May and go away,” is an old Wall Street adage. I first heard about it from my father, a New York businessman, on a hot afternoon back in the last century.“The brokers and the people with real money are in the Hamptons now,” he shouted over the bedlam of city traffic as he drove us home in an un-air-conditioned Ford sedan. “They just…

LoadingTreasury estimates this will reduce electricity price rises to 23 per cent through 2023.The gas cap will come into effect immediately, but the states are still working out the coal details, and the impact of that is unlikely to be felt until later next year at the earliest.The federal government will also provide $1.5 billion to the…

Watch BNN Bloomberg live. (Bloomberg) -- Short seller Andrew Left is gearing up to seek dismissal of a US Securities and Exchange Commission lawsuit over his trading activities, with his lawyer characterizing the civil case as a substandard “novelty.” US authorities in July accused Left and his Citron Research firm of committing fraud through…

I once heard a definition on a podcast that the stock market is a gauge of rich people’s feelings. Hyperbolic, but cute. My experience as a financial advisor has shown that the gauge of people’s feelings — be they rich or not — about the stock market’s performance is politics. I’ve been emailed to “SELL EVERYTHING” the night former…

Germany's stock market has continued to reach new highs, buoyed by the easing monetary policies of global central banks. However, political and economic challenges may limit further gains. ADVERTISEMENTGermany, the world's third-largest economy, has been grappling with significant economic and political uncertainties, which could…

(Reuters) - A look at the day ahead in Asian markets. Investors in Asia go into the last trading day of the quarter still riding high on the double dose of stimulus administered earlier in the month by the U.S. Federal Reserve and now by China.  In the latest move, the People's Bank of China on Sunday said it…

Michael Gove has watered down the government's target to build 300,000 homes every year following an angry backlash from his own party's MPs.A Commons vote on the Levelling Up and Regeneration Bill had to be dropped last month after 60 Conservatives signed an amendment calling for the mandatory target to be scrapped. But the…

In the wake of the July 13 assassination attempt on former President Donald Trump, President Joe Biden’s July 21 decision to stand down, and the rapid coronation of Vice President Kamala Harris as the Democratic nominee, the 2024 presidential election has already been tumultuous. The political news cycle will be running nonstop between now and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shigeru Ishiba’s election as leader of Japan’s ruling Liberal Democratic party is expected to put pressure on the country’s stocks on Monday morning after Nikkei 225 futures fell 6 per cent following his victory this…

Greece has displayed strong recovery from this severe Covid-19 crisis, which hit the economy especially hard given economic dependence upon tourism and travel services. Sustaining a robust recovery rests, however, upon the government pursuing economic and banking sector reform in order to raise economic growth potential, without which an…