The economic consequences of a mad king

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “Off with their heads.” This is the sentence that the Queen of Hearts, the incarnation of monarchical caprice in Alice’s Adventures in Wonderland, adores pronouncing. She might be entertaining. The reality, however, is…

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Luxury waits for the US kitten-heeled mule to drop

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some people follow trends; real fashionistas anticipate them. Unhappy earnings from luxury behemoth and bellwether LVMH should therefore trouble discerning investors. The Louis Vuitton owner’s shares fell 7 per cent on Tuesday after poor first-quarter…

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Blackstone joins Vanguard to expand into individuals’ portfolios

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone is joining forces with asset management companies Vanguard and Wellington Management in a “strategic alliance” aimed at creating hybrid public and private funds for wealthy individuals and retirees. The three groups said on Tuesday…

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