Wall Street will stymie Trump’s US oil surge plan, say shale bosses
Output set to rise more slowly under new president than during Joe Biden’s term
Read more at Financial Times
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FirstFT: US oil output growth to slow despite Trump’s ‘drill, baby, drill’ plan
Also in today’s newsletter, Commerzbank chief rejected talks with UniCredit and OpenAI struggles to price Microsoft stakeFinancial Times - 3h -
Wall Street Journal pans Trump Jan. 6 pardons: 'Law and order?'
The editorial board of The Wall Street Journal is criticizing President Trump's decision to pardon more than 1,500 his supporters who attacked the Capitol on Jan. 6, 2021. "This is a rotten message ...The Hill - 1d -
‘Animal spirits alive’ as Wall Street bankers anticipate Trump boom
US president is expected to slash financial controls and prompt wave of dealmaking. Wall Street bankers say they are at the beginning of “go mode” as they expect Donald Trump’s return to the White ...The Guardian - 2d -
‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics
Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch. It all started in spring 2019, in a secret office on the seventh floor of ...The Guardian - 2d -
Wealth of US ‘oil-garchs’ went up 15% in nine months as industry figures plan Trump inauguration party
Oil and gas firms have given more than $75m to Trump’s campaign and stand to benefit from his ‘drill, baby drill’ plan. As Joe Biden warns in his farewell address as president that “an oligarchy is ...The Guardian - 5d -
Wall Street stocks post biggest rally since Trump’s election victory
Easing underlying US inflation and strong bank earnings boost equitiesFinancial Times - Jan. 15 -
Wall Street looks forward to a bonfire of capital and climate rules under Trump
Profits are poised to dominate in a new era shorn of years of hard-won regulatory restrictions. When some of the biggest banks on Wall Street reveal their full-year earnings this week, they will ...The Guardian - Jan. 11 -
Trump’s ambitious oil plans will not derail Russia
It would still be very disruptive to try to embargo Russian oil from the world markets altogetherFinancial Times - Jan. 6 -
Gold set to rally further this year, say Wall Street banks
Yellow metal expected to continue to benefit from buying by global central banksFinancial Times - Jan. 2
More from Financial Times
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A shale boom is not Trump’s gift to give
What inhibits the flow of oil is not red tape, but low prices that fail to cover costs and pay dividendsFinancial Times - 3h -
US stocks at most expensive relative to bonds since dotcom era
Tech-fuelled equity rally throws up red flag on ‘Fed model’ for comparing valuationsFinancial Times - 3h -
Gen Z Americans are leaving their European cousins in the dust
Millennials across the west were united in their economic malaise. Their successors not so muchFinancial Times - 3h -
Trump is becoming the technoking of America
The president is surrounded by the leaders of the richest and most powerful companies in history — but their dominance may yet be checkedFinancial Times - 3h -
OpenAI struggles to price Microsoft stake in deal to become for-profit company
ChatGPT maker in complex talks over splitting from its non-profit arm in move opposed by Elon MuskFinancial Times - 3h
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