From classic to static: J Crew tries to recapture its sense of style

High debt, management turmoil and Trump tariffs hinder Anchorage Capital’s turnaround plan

Wealth Managers Cut Fees to Win AI’s Paper Millionaires

The rise of equity-rich tech workers at Anthropic and OpenAI is shifting negotiating power towards clients

Wall Street giants bet Nvidia’s AI chips will defy the laws of finance

Private capital firms are wagering that the crucial hardware will hold its value for years to come

AI agents lie, cheat and steal. That is putting off users

BARBED WIRE held a strange interest for the late Alan Greenspan, a lifelong urbanite. Sure, the former Federal Reserve chairman admired the railways, gold diggers and “lonesome cowboys” that helped open the frontier at the dawn of American capitalism. But he also had a soft spot in his economist’s heart for barbed wire, which, he argued, boosted productivity by allowing the settlers who came in their wake to safeguard their properties.

Mark Walter’s insurers rush to unwind affiliated investments

TWG Global is seeking to refinance loans, restructure firms and bring in outside investors as prosecutors scrutinise books

Quantifying the AI boom crowding-out effect

AI investment will be about $600 billion this year, some 2% of GDP, Goldman Sachs economists find.

Switzerland pushes ahead with post-Credit Suisse crackdown

Financial regulator may be given greater powers to intervene at troubled banks and levy fines

Tata chair to step down as succession row escalates

N Chandrasekaran to depart India’s largest conglomerate amid dispute with Noel Tata

Revolut cuts back WeWork access for premium customers after price rises

Subscribers lose access to in-demand European office spaces in cities including Paris, Brussels, Milan and London

Why everyone wants a one-carat ring

Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter.

Oracle has drawn up plans for a new round of layoffs this month, sources say

The potential layoffs reduce Oracle's payroll as it racks up billions in debt to fund AI infrastructure.

3 headlines that explain America's debt situation

American households' debt picture is reasonably solid. The government debt picture is worrying in almost any state of the world.