With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future.The Treasury market, though, hasn’t been paying attention.Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields instead have been moving…

OpenAI is once again confronting a major shakeup. We’re taking a keen interest because several stocks in the Club portfolio have ties to the startup behind ChatGPT. Less than a year after CEO Sam Altman’s short-lived ouster rattled the startup behind ChatGPT, OpenAI is said to be mulling a plan…

Hoda Kotb, the co-host of NBC’s morning show, “Today,” is leaving her position early next year, she announced Thursday. Kotb, one of the most famous faces on NBC, has co-hosted the program with Savannah Guthrie since 2017, taking over from Matt Lauer, who was fired following allegations of inappropriate sexual…

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Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.KKR’s top dealmakers landed in Denver on Wednesday for a presentation revealing the $1bn payout they had earned on the sale of an engineering firm. But the audience wasn’t the usual assortment…

Ahmed Abu Khatallah, the Libyan militia leader convicted for his role in the deadly 2012 terrorist attack on the US consulate in Benghazi, was resentenced Thursday to 28 years in prison, despite prosecutors seeking at least 60 years to life. The new sentence comes more than two years after a federal appeals…

Ready to move out of the U.S.? You’re not the only one. With the election around the corner and political frustrations reaching a tipping point, many Americans are thinking about leaving the U.S. and moving abroad—and they’re not just daydreaming. According to a new survey from International Living, 65% of…

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This article was written byFollowI spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance. Currently I co-manage…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Flutter expects to more than double its core profit by 2027, as the FanDuel and Paddy Power owner bets that most Americans will eventually engage in sports betting as more states liberalise…