Companies reap $22bn from Trump’s immigration crackdown
Raids by the US Immigration and Customs Enforcement have made national headlines. But behind ICE’s operations, a sprawling web of private companies – from global powerhouses to niche family-run busine...
25 Feb 25min
How a private equity pioneer lost its grip on the market it invented
Partners Group pursued an innovative approach to private equity: The firm built a business serving a market of individual investors. Now, a recent executive order from US President Donald Trump is set...
18 Feb 18min
A hedge fund’s $8bn bet on Venezuela’s Citgo
When the hedge fund Elliott Management pursued the acquisition of the oil refinery business Citgo a few years ago, the deal was already a complicated one. A US court had ordered its current owner, Ven...
11 Feb 20min
How the Federal Reserve might change under Kevin Warsh
US President Donald Trump on Friday made his pick to lead the Federal Reserve: Kevin Warsh. The former central bank governor with ties to Wall Street is seen as a mainstream pick. Still, some economis...
4 Feb 20min
Can Wells Fargo make it in investment banking?
For more than 170 years, Wells Fargo built a reputation as an all-American Main Street lender. Now, it is charting a new path and pushing into investment banking, something that many other banks have ...
28 Jan 19min
The rapid collapse of Saks Global
Saks Global, the parent company of the historic luxury department store Saks Fifth Avenue, recently filed for Chapter 11 bankruptcy protection. The move occurred a little more than a year after the co...
21 Jan 22min
Davos’ fight for relevance
Every January a collection of the world’s top business and political leaders head to the Swiss town of Davos for the annual meeting of the World Economic Forum. The event is a week of panels and netwo...
14 Jan 22min
Martin Wolf on the economy in 2026
From the artificial intelligence bubble to trade policy, Michela asks Martin Wolf, the FT's chief economics commentator, how the biggest stories of last year will affect the economy in 2026. The FT do...
7 Jan 21min
