US investment banking is so back
Wall Street lenders beat expectations for fees
Economic News
FirstFT: Donald Trump floats firing Fed’s Jay Powell
Also in today’s newsletter, US set to ban Chinese tech in submarine cables, and Nvidia chief vows to ‘accelerate recovery’ of China sales
Should China adopt a zero interest rate?
Policymakers in Beijing are deadlocked while some analysts believe rates are, in effect, at zero already
China’s Belt and Road investment and construction activity hits record
Rapidly expanding presence in countries signed up to Xi Jinping’s global initiative contrasts with US approach
Brussels should not be shocked by Trump being Trump
The EU is using the old trade playbook against a new and different threat
Brussels stalls probe into Elon Musk’s X amid US trade talks
EU was expected to finalise its investigation before the bloc’s summer recess but will now miss this deadline
Trump’s escalating attacks on Fed unnerve investors
US president’s offensive against Jay Powell has prompted swings in the dollar and lifted long-term inflation expectations
US set to ban Chinese technology in submarine cables
New rule aims to end key vulnerability in communications infrastructure after attack on American telecoms
US companies in China decry overproduction as price war hits profits
More than a quarter of large American businesses are considering relocating, survey finds