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348 afleveringen, van nieuw naar oud
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A radical change for the US Treasury market
27 maart 2024 · 16 min
The past several years in the US Treasury market have not been what you’d call smooth sailing. Three crises in a decade recently pushed regulators to introduce important changes to the world’s largest and most liquid market. The Securities and Exchange Commission passed the most significant reform a few months ago. The FT’s capital markets correspondent Kate Duguid examines that change — plus the potential pitfalls and promise that come with it. Lees meer
Clips from CNBC, Bloomberg
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For further reading:
The radical changes coming to the world’s biggest bond market
Has Gensler’s SEC pushed Wall Street too far?
SEC tussles with shadow trades in the US Treasury market
Ransomware attack on ICBC disrupts trades in US Treasury market
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On X, follow Kate Duguid (@kateduguid) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Listener mailbag with the Unhedged podcast
19 maart 2024 · 24 min
More questions — more answers! We’ve partnered with the FT’s Unhedged podcast for a special two-part episode, fielding questions you have submitted about markets and finance. The host of Unhedged, Ethan Wu, plus the FT’s US financial commentator Rob Armstrong and markets editor Katie Martin join Michela to traverse topics ranging from the longevity of the Magnificent Seven stocks to Japan’s economic outlook. Lees meer
To listen to the other part of the episode, visit the Unhedged podcast feed.
Clips from The Magnificent Seven, The Mirisch Company/United Artists, music by Elmer Bernstein
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For further reading:
The Magnificent 7 value trade
Japan’s market rally lacks solid backing
How fatalistic should we be on AI?
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On X, follow Ethan Wu (@EthanYWu), Robert Armstrong (@rbrtrmstrng), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Are penny stocks getting the memestock treatment?
13 maart 2024 · 17 min
Penny stocks are having a moment. In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange traded funds. The FT’s US markets editor Jennifer Hughes explores why this is happening, and whether retail investors should think twice before diving in. Lees meer
Clip from Paramount Movies
Plus, a note on next week’s show: Look for Behind the Money in your feed a day early, on Tuesday, March 19.
We’re doing a special 2-part episode with the Unhedged podcast. One part will be in Unhedged’s feed and the other part will be right here, in Behind the Money’s feed.
We’ll be back to our regular Wednesday schedule the following week.
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For further reading:
The tiny Chinese tea seller whose shares trade more than Tesla’s
Stock markets undergo ‘risk reset’ as indices notch new records
Retail investors are in no rush to join the latest stock market rally
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On X, follow Jennifer Hughes (@jennhughes13) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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How JPMorgan thrived amid a banking crisis
6 maart 2024 · 18 min
It’s been a year since Silicon Valley Bank’s collapse left everyone worried that the US’s banking sector sat on shaky ground. Despite that turmoil, one bank stands out: JPMorgan Chase. The largest bank in the country, JPMorgan took home record profits in 2023, and its dominance looks set to continue. The FT’s US banking editor Joshua Franklin walks through the reasons why JPMorgan flew past its competitors, and what threat its size could pose to smaller banks. Lees meer
Clips from AP, CNBC, KTVU, KPIX
Plus, do you have a question about markets, finance or economics? Get in touch with Michela, and we may use it in an upcoming joint show with Unhedged.
Email Michela at michela.tindera@ft.com, or message her on X at @mtindera07.
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For further reading:
JPMorgan takes almost a fifth of total US bank profits
US regional banks hope for profit revival as pain from SVB fallout eases
JPMorgan: the bank that never lets a crisis go to waste
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On X, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Is OpenAI’s business model sustainable?
28 februari 2024 · 18 min
OpenAI is one of the fastest-growing companies ever, thanks to its artificial intelligence chatbot, ChatGPT. But costs to train and run the models that underpin that technology are steep. And chief executive Sam Altman has said he has even bigger aims. The FT’s Madhumita Murgia and George Hammond examine whether the start-up’s existing business model can achieve its long-term goals. Lees meer
Plus, do you have a question about markets, finance or economics? Get in touch with Michela, and we may use it in an upcoming joint show with Unhedged.
Email Michela at michela.tindera@ft.com, or message her on X at @mtindera07.
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For further reading:
Can OpenAI create superintelligence before it runs out of cash?
OpenAI on track to hit $2bn revenue milestone as growth rockets
OpenAI’s Sam Altman in talks with Middle East backers over chip venture
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On X, follow Madhumita Murgia (@madhumita29), George Hammond (@GeorgeNHammond) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Hedge fund pioneers face signs of a reckoning
21 februari 2024 · 17 min
Billionaire financiers such as Ken Griffin pioneered what’s known as the multi-manager model for hedge funds, where big spending begets big returns. In 2022, Griffin’s Citadel became the best-performing hedge fund of all time. But now, cracks in the sector are beginning to form. The FT’s Harriet Agnew and Ortenca Aliaj examine what a downturn could mean for investors and the broader financial sector. Lees meer
Plus, do you have a question about markets, finance or economics? Get in touch with Michela, and we may use it in an upcoming joint show with Unhedged.
Email Michela at michela.tindera@ft.com, or message her on X at @mtindera07.
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For further reading:
Are hedge fund pioneers facing the end of a golden era?
Bobby Jain’s hedge fund launch falls short of $8bn-$10bn target
How Ken Griffin rebuilt Citadel’s ramparts
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On X, follow Harriet Agnew (@HarrietAgnew), Ortenca Aliaj (@OrtencaAl) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Why Elon Musk is breaking up with Delaware
14 februari 2024 · 16 min
A Delaware court recently struck down Elon Musk’s $56 billion Tesla pay package. Soon after, Musk took to his social network X and offered some advice: “Never incorporate your company in the state of Delaware.” But will anyone take it? The FT’s Wall Street editor Sujeet Indap explains how Delaware became the favourite place for big companies to incorporate and why that’s unlikely to change. Lees meer
Clips from BBC, WFAA
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For further reading:
Can Elon Musk derail Delaware?
Texas is throwing down a legal challenge to Delaware
Delaware versus Elon Musk
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On X, follow Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Baidu’s ‘do-or-die’ bet on AI
7 februari 2024 · 17 min
Baidu made it big as China’s go-to search engine. But in the past decade the tech giant has struggled, while competitors such as Alibaba and Tencent have soared ahead. The FT’s China tech correspondent Ryan McMorrow looks at chief executive Robin Li’s latest venture, in artificial intelligence, and whether this will be enough to turn the company around. Lees meer
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For further reading:
Baidu’s bet on AI could make or break China’s fallen tech group
Tightened US rules throttle Alibaba and Baidu’s AI chip development
Baidu shares fall after Ernie AI chatbot demo disappoints
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On X, follow Ryan McMorrow (@rwmcmorrow) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Is this nuclear power’s moment?
31 januari 2024 · 16 min
The nuclear power industry is receiving a lot of attention recently thanks in part to new technological advancements. That’s excited venture capital groups and private investors, such as Bill Gates and OpenAI’s Sam Altman. But the industry is also known for its boom-and-bust cycles. The FT’s US energy editor Jamie Smyth explains there are many challenges that lie ahead for an industry, which has long been plagued by controversy. Lees meer
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For further reading:
The US plan to break Russia’s grip on nuclear fuel
US nuclear start-ups battle funding challenge in race to curb emissions
Nuclear fission start-up backed by Sam Altman to go public
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On X, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Introducing: Swamp Notes from The FT News Briefing
30 januari 2024 · 1 min
If you have questions about this year's US presidential election, we have answers. Lees meer
Swamp Notes is a new podcast from the FT News Briefing. Listen every Saturday morning as our journalists analyse and discuss the latest happenings in US politics. We’ll go beyond the horse race for the White House and offer a global perspective on the election.
You can subscribe to Swamp Notes here or wherever you get your podcasts.
Hosted on Acast. See acast.com/privacy for more information.
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BlackRock goes all in on infrastructure
24 januari 2024 · 17 min
BlackRock chief executive Larry Fink has been on the hunt for the money manager’s next “transformational” deal. Earlier this month, Fink revealed that he had finally found it with the acquisition of a private capital firm, Global Infrastructure Partners. The FT’s US financial editor Brooke Masters and US private capital correspondent Antoine Gara explain why BlackRock wanted GIP, and how this deal sets the agenda for Wall Street this year. Lees meer
Clips from CNBC
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For further reading:
How the $12.5bn BlackRock-GIP deal is set to shake up investment management
How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up
Infrastructure funds draw billions of dollars as energy and supply chains shift
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On X, follow Antoine Gara (@AntoineGara), Brooke Masters (@brookeamasters) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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An IPO drought pushes investors to a murky marketplace
17 januari 2024 · 18 min
In Silicon Valley, the promise of a massive payday for a start-up’s early employees and investors has hinged on those companies eventually going public or being sold off. But with the slowdown in initial public offerings and acquisitions, a different marketplace is set to heat up this year. It is called the venture secondary market, and it’s where both investors and early employees can trade their stakes in privately-held companies. The FT’s venture capital correspondent George Hammond explains the potential pitfalls of this opaque marketplace and why investors will be rushing to it in 2024. Lees meer
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For further reading:
Investors raise billions to buy discounted stakes in start-ups
Carta customers say platform tried to trade their shares without consent
Carta shuts trading platform after data privacy breach allegations
Staying private: the booming market for shares in the hottest start-ups
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On X, follow George Hammond (@GeorgeNHammond) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Introducing Untold: The Retreat
11 januari 2024 · 2 min
Introducing Untold, a new podcast from the special investigations team at the Financial Times. In its first series, The Retreat, host Madison Marriage examines the world of the Goenka network, which promotes a type of intensive meditation known as Vipassana. Thousands of people go on Goenka retreats every year. People rave about them. But some people go to these meditation retreats, and they suffer. They might feel a deep sense of terror, or a break with reality. And on the other side, they’re not themselves anymore. Untold: The Retreat launches Jan. 24. Lees meer
Subscribe and listen on: Apple Podcasts, Spotify or wherever you get your podcasts.
Hosted on Acast. See acast.com/privacy for more information.
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Ozempic’s unconventional origins
10 januari 2024 · 21 min
The runaway success of diabetes and weight-loss drugs Ozempic and Wegovy have turned their maker, Novo Nordisk, into a juggernaut. Last year the Danish drugmaker claimed the title of Europe’s most valuable company. But the development of these drugs was a long, uphill battle.The FT’s global pharmaceutical editor Hannah Kuchler explains how the company’s unique ownership structure played a critical role in the company’s achievements and looks at the challenges ahead. Lees meer
Clips from CNBC, CBS, Reuters
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Subscribe and listen to Untold: The Retreat on Apple Podcasts, Spotify or wherever you get your podcasts.
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For further reading:
FT Person of the Year: Lars Fruergaard Jørgensen of Novo Nordisk
How anti-obesity drugs built the world’s largest charitable foundation
Obesity drugs: broadly good for investors, with some strictures
Covid-19 vaccine winners suffer reversal of fortune
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On X, follow Hannah Kuchler (@hannahkuchler) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Listener mailbag with Martin Wolf & more
3 januari 2024 · 20 min
You asked us questions, we’ve got your answers. FT columnists and editors such as Martin Wolf and Robert Armstrong respond to listener questions about everything from finance to markets to the economy. Lees meer
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For further reading:
Five questions for 2024
The region at the heart of Germany’s economic stagnation
FT writers’ predictions for the world in 2024
Overheard in the newsroom: what does the next year hold?
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On X, follow Martin Wolf (@martinwolf), Rob Armstrong (@rbrtrmstrng), Robin Wigglesworth (@RobinWigg), Colby Smith (@colbyLsmith) and Guy Chazan (@GuyChazan)
Want to see Behind the Money cover a certain topic? Send your thoughts to Michela Tindera on X (@mtindera07), LinkedIn or via email: michela.tindera@ft.com.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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TED Talks Daily: The next global superpower isn’t who you think
27 december 2023 · 22 min
Who runs the world? Political scientist Ian Bremmer argues it’s not as simple as it used to be. With some eye-opening questions about the nature of influence, he asks us to consider the impact of the evolving global order — and our choices as participants in the future of democracy. Lees meer
This is an episode from TED Talks Daily. Every weekday, TED Talks Daily goes beyond the headlines and explores a new idea shaping the future in 20 minutes or less. Join host and journalist Elise Hu and hear thought-provoking TED talks on every subject imaginable – from AI to zoology. You can find TED Talks Daily wherever you listen to podcasts.
Hosted on Acast. See acast.com/privacy for more information.
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Author Amy Edmondson on ‘intelligent failure’
20 december 2023 · 31 min
Every year, the Financial Times selects the most outstanding business book of the year. For 2023, the top pick is a book about failure. The FT’s senior business writer Andrew Hill sits down with the winner, Amy Edmondson, the author of Right Kind of Wrong and “the world’s most influential organisational psychologist”. Edmondson’s book explores the value in failure, what we can learn from it and what’s wrong with Silicon Valley’s “fail fast, fail often” mantra. Lees meer
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For further reading and listening:
Working It podcast: What was the best business book of 2023?
Psychological safety: the art of encouraging teams to be open
FT and Schroders Business Book of the Year 2023
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On X, follow Andrew Hill (@andrewtghill) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The ‘Ponzi scheme’ behind Lebanon’s economic collapse
13 december 2023 · 22 min
For years, Riad Salameh was praised for his revolutionary financial policies as head of Lebanon’s central bank. But suddenly, the country plunged into an economic crisis. And Salameh left the central bank with a disgraced reputation and, investigators believe, a massive personal fortune. So what happened? The FT’s Middle East correspondent Raya Jalabi walks us through the storm of allegations Salameh faces, and the decisions he made that economists think sparked the entire crisis. Lees meer
Clips from Associated Press, CNN, TRT World, DW News, Al Jazeera English, France 24, Asharq News, Annahar News
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For further reading:
‘The magician’: Riad Salameh and the plundering of Lebanon
‘It’s cool to have money again’: wealthy Lebanese party out the crisis
Long-awaited auditor report slams governance at Lebanon central bank
Lebanon’s ex-central bank chief hit with international sanctions for alleged graft
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On X, follow Raya Jalabi (@rayajalabi) and Saffeya Ahmed (@saffeya_ahmed)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Could COP28 catapult the carbon credit market?
6 december 2023 · 19 min
The UN climate conference COP28 is in full swing, and officials from around the world are discussing ways to combat climate change. The agenda includes questions around how to regulate a market that could soon take off — carbon credits. Right now, these credits serve as a way for private buyers, such as companies and individuals, to offset their emissions. But countries may be able to start using these too. FT climate reporter Kenza Bryan explains the risks that could come with this market expanding. Lees meer
Clips from CNBC, The National
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For further reading:
The looming land grab in Africa for carbon credits
The cheque book COP: UAE’s $200bn bid for climate influence
Scandal bares the problems of the Amazon carbon credit market
Special report: Decarbonisation
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On X, follow Kenza Bryan (@KenzaBryan) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Inside a hedge fund disaster
29 november 2023 · 21 min
In 2007, when Dan Och took his hedge fund public, he was making a bet that his company would stand the test of time. More than 15 years, a bribery scandal, and a feud with his protégé later, things have not worked out as planned. The FT’s Ortenca Aliaj and Sujeet Indap go inside the saga that lost shareholders more than $10bn. Lees meer
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For further reading:
Sculptor Capital: grey areas cause grey hairs in messy bidding war
Fight over Sculptor hedge fund sale entwined in Daniel Och’s tax affairs
Sale of Sculptor Capital on cusp of approval after hedge fund brawl
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On X, follow Ortenca Aliaj (@OrtencaAl), Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Best Of: Why companies don't want to list in the UK anymore
22 november 2023 · 20 min
This week we’re revisiting an episode from earlier this year about the London Stock Exchange’s decline. The exchange once held the top spot in global financial markets, but that’s changed completely in recent years. The FT’s Harriet Agnew and Katie Martin explain how a yacht floating off the Canary Islands 30 years ago played a critical role in changing the stock market. Lees meer
Clips from CBS, Thames News
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For further reading:
Britain’s ‘capitalism without capital’: the pension funds that shun risk
‘There are no domestic equity investors’: why companies are fleeing London’s stock market
Why Europe’s stock markets are failing to challenge the US
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On X, follow Harriet Agnew (@HarrietAgnew), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Introducing: Life and Art, from FT Weekend
20 november 2023 · 1 min
Introducing Life and Art, from FT Weekend. It's a new twice-weekly culture podcast from the Financial Times. On Monday, we talk about life, and how to live a good one, in a one-on-one conversation that explores everything from food and travel to philosophy and creativity. On Friday, we talk about “art” – in a chat show! Three FT journalists come together to discuss a new cultural release across film, TV, music and books. Hosted by Lilah Raptopoulos, together with the FT’s award-winning writers and editors, and special guests. Lees meer
Click here to follow Life and Art, from FT Weekend.
Hosted on Acast. See acast.com/privacy for more information.
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Citigroup reboots
15 november 2023 · 17 min
In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years. Stepping up to the challenge of repairing the bank is chief executive Jane Fraser, who announced her restructuring plan in September. The FT’s US banking correspondent Stephen Gandel and US banking editor Joshua Franklin discuss whether Fraser can turn the bank around, and if not, what happens to Citi. Lees meer
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For further reading:
‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaul
Jane Fraser: the woman trying to turn Citi around
Citi: Fraser the Razor needs sharper edge in her battle with The Blob
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On X, follow Stephen Gandel, (@stephengandel), Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Coming soon: Superintelligent AI
10 november 2023 · 1 min
In a new series of Tech Tonic, FT journalists Madhumita Murgia and John Thornhill look at the concerns around the rise of artificial intelligence. Will superintelligent AI bring existential risk, or a new renaissance? Would it be ethical to build conscious AI? How intelligent are these machines anyway? The new season of Tech Tonic from the Financial Times, drops mid-November. Lees meer
Presented by Madhumita Murgia and John Thornhill. Senior producer is Edwin Lane and producer Josh Gabert-Doyon. Executive produced by Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
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Will the union ‘renaissance’ last?
8 november 2023 · 20 min
In the US, nearly half a million people have gone on strike this year demanding better pay, working conditions and job security. With the FT’s US labour and equality correspondent Taylor Nicole Rogers, we’re zooming in on the strategies that three major labour movements have used in recent months to try and secure new contracts, and whether their efforts could signal a new era of power for unions in America. Lees meer
Clips from Associated Press
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For further reading:
US carworkers suspend strike after reaching tentative deal with GM
How ‘true believer’ Shawn Fain reignited pro-union fervour in Detroit
Hollywood strikes take $5bn bite out of California economy
Teamsters boss vows tougher line in US labour talks
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On X, follow Taylor Nicole Rogers (@TaylorNRogers) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Big Oil’s big bet
1 november 2023 · 15 min
In October two US oil and gas giants announced massive deals: Chevron bought Hess, and ExxonMobil acquired Pioneer Natural Resources. These deals expand each company’s operations and secure their access to more oil for decades to come. But recent forecasts say global demand for fossil fuels will soon reach its peak. The FT’s Myles McCormick looks at why these companies are betting oil demand will stick around and whether that bet will pay off. Lees meer
Clips from Yahoo Finance, Reuters, CNBC, Bloomberg
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For further reading:
Oil megadeals usher in an age of energy uncertainty
Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’
The race to be last man standing in Big Oil
‘Jewel in the crown’: Chevron follows Exxon to Guyana’s oil riches
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On X, follow Myles McCormick (@mylesmccormick_) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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How Microsoft bagged Activision Blizzard
25 oktober 2023 · 19 min
In the 1990s, Microsoft was seen as a tech industry bully. Once viewed as combative and ruthless in the eyes of regulators, the company underwent an image makeover in the decades since. Now, the FT’s Richard Waters explains how Microsoft’s transformation pushed their $75bn acquisition of video game publisher Activision Blizzard over the line earlier this month. Lees meer
Clips from Activision Blizzard
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For further reading:
How Brad Smith used Microsoft’s $1bn law and lobbying machine to win Activision battle
The newfound influence of the UK’s competition watchdog
US v Microsoft: who really won?
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On X, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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‘Dumb Money’ writers on the GameStop saga
18 oktober 2023 · 25 min
It has been more than two years since GameStop’s stock caught fire on social media, at one point rising 135% in one day. The new film Dumb Money chronicles how the GameStop saga played out. The FT’s Ethan Wu sits down with the movie’s writers, Rebecca Angelo and Lauren Schuker Blum, to get a behind-the-scenes look at everything that went into the film. Lees meer
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For further reading:
Well, actually: Our ‘Dumb Money’ movie review
Dumb Money film review —GameStop short-selling comedy hedges its bets
GameStop: from YouTube to Wall Street to Hollywood in Dumb Money
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On Twitter, follow Ethan Wu (@ethanywu) & listen to Unhedged here!
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Bonus: Michael Lewis on FTX & Sam Bankman-Fried
16 oktober 2023 · 41 min
This week, we have a bonus episode for you, live from the FT Due Diligence Forum in London. FT chief features writer Henry Mance sits down with author Michael Lewis to discuss his new book, Going Infinite: The Rise and Fall of a New Tycoon, an all-access account of Sam Bankman-Fried before his crypto exchange FTX collapsed. This conversation was recorded on October 11 2023. Lees meer
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For further reading:
What Michael Lewis got wrong about FTX
Michael Lewis on how Sam Bankman-Fried and FTX fell — book review
How to beat Sam Bankman-Fried at trading when you’ve already lost
The SBF trial is a reminder that crypto is a rotten business
Many people longed to believe in Sam Bankman-Fried
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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FTC versus Amazon
11 oktober 2023 · 18 min
In its latest fight to curb the power of Big Tech, the US Federal Trade Commission has sued Amazon. The regulator says the e-commerce giant has become such a big monopoly that its practices are hurting consumers and the third-party sellers that rely on its services. The FT’s San Francisco correspondent Camilla Hodgson explains what this case could mean for the company’s future. Lees meer
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For further reading:
Amazon’s most prominent antitrust critic makes her case
What Lina Khan’s antitrust case could mean for Amazon
Amazon & the FTC
Amazon offers concessions over third-party sales to appease UK antitrust watchdog
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On Twitter, follow Camilla Hodgson (@CamillaHodgson) and Topher Forhecz (@ForheczT)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Argentina’s $16bn saga with a US court
4 oktober 2023 · 19 min
When Argentina’s president announced plans to nationalise an oil company in 2012, it was presented as a way to grow the country’s wealth. Eleven years on, a court in New York City decided that the country owes some of the oil company shareholders $16bn. The FT’s Joe Miller and Ciara Nugent explain why this has happened. And, we look at what this means for Argentina, as it grapples with skyrocketing inflation and an important presidential election later this month. Lees meer
Clips from CNN, NBC News, Reuters, Televisión Pública
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For further reading:
After $16bn judgment, Burford’s next battle will be making Argentina pay
Argentina radical rightwinger shakes up presidential race with primary win
Burford chief executive fears Argentine reprisals
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On X, follow Joe Miller (@JoeMillerJr), Ciara Nugent (@ciaraCnugent) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Best Of: Why Apple can’t leave China
27 september 2023 · 22 min
This week, we’re revisiting an episode from earlier this year. Apple has spent two decades and billions of dollars building a massive supply chain for its products. At the centre of that operation is China. But as Beijing has become more authoritarian and relations with the US sour, it has become harder for Apple to do business there. The company has been signalling recently that it will diversify away from the country, but the FT’s Patrick McGee explains why cutting ties will be extremely difficult. Lees meer
Clips from Fox News, CGTN, Yahoo, ABC
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For further reading:
How Apple tied its fortunes to China
What it would take for Apple to disentangle itself from China
‘A shot across the bow’: how geopolitics threatens Apple’s dependence on China
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On X, follow Patrick McGee (@PatrickMcGee_) and Michela Tindera (@mtindera07)
Hosted on Acast. See acast.com/privacy for more information.
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The push to dominate the battery supply chain
20 september 2023 · 17 min
As the world transitions away from fossil fuels and the electric vehicle market grows, competition to control a piece of a new source of energy is brewing. From rival carmakers to raw materials miners, different groups are racing to carve out their spots in the supply chain of one important technology: lithium-ion batteries. How will it shake out? The FT’s commodities correspondent Harry Dempsey explains who’s likely to succeed, and what that could mean for the future of corporate and national power. Lees meer
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For further reading:
Rival battery technologies race to dominate electric car market
The search for winners in the new battery era
Can anyone challenge China’s EV battery dominance?
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On X, follow Harry Dempsey (@harrydemps) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Coming soon: Can AI help us speak to animals?
14 september 2023 · 1 min
Subscribe now to the FT's Tech Tonic podcast: Some scientists believe that rapid advances in artificial intelligence may also hold the key to decoding animal sounds, allowing us to ‘translate’ them into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love explore how the same technology that powers ChatGPT is being applied to research in animal communication. Could we one day learn to ‘speak whale’ or even chat with bats? And if so, can we trust ourselves to do so responsibly? Lees meer
Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa and Cheryl Brumley is the FT’s head of audio.
Hosted on Acast. See acast.com/privacy for more information.
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The Russian Banker, Part 3: Asylum
13 september 2023 · 18 min
Critics argue Russia has a playbook for people who become its targets. On the final episode of the Russian Banker, we explore how Sergei Leontiev saw his fights with Russian President Vladimir Putin as a full-blown war in which seeking US asylum would become just another battle. But how does the US decide who deserves asylum? Lees meer
Note: This episode was updated to clarify that Russia is responsible for forty percent of all publicly disclosed red notices to Interpol. A previous version stated it is responsible for forty percent of all red notices total.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Bonus: Arm’s race to IPO
11 september 2023 · 31 min
This week, we have a bonus episode for you, live from the FT Weekend Festival in London. Michela sat down with two experts on Arm, the British chip designer, to discuss its imminent initial public offering. Tim Bradshaw, the FT’s global tech correspondent and James Ashton, author of The Everything Blueprint, talk about where Arm stands as a company, and what its chances for growth are when it goes public later this month. This conversation was recorded on September 2, 2023. Lees meer
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For further reading:
Arm searches for growth beyond smartphones
Arm: IPO valuation climb down does not go far enough
SoftBank seeks to build investment war chest on back of Arm IPO
When SoftBank is selling, why are you buying?
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On Twitter, follow Tim Bradshaw (@tim) and Michela Tindera (@mtindera07)
Hosted on Acast. See acast.com/privacy for more information.
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The Russian Banker, Part 2: The Whistleblower
6 september 2023 · 17 min
Sergei Leontiev says he was a political victim of the Putin regime. But when we tracked down other people who used to work at the bank they had a different story about Leontiev — and the extent of his ties to Alexei Navalny. Lees meer
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The Russian Banker, Part 1: The Raid
30 augustus 2023 · 17 min
In 2015, Sergei Leontiev's life's work — a Russian banking business — was taken away from him overnight. Why were he and the bank being targeted? This is the first episode of The Russian Banker, a new three-part series from the Financial Times. The remaining episodes will air the following two Wednesdays on Behind the Money. Lees meer
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Introducing: The Russian Banker
25 augustus 2023 · 2 min
Who is Sergei Leontiev? To the US asylum system, he’s an exiled Russian banker who was persecuted by the state and forced to flee. To Russia, he’s said to be responsible for massive fraud. On The Russian Banker, a new series from the Financial Times, reporters Courtney Weaver and Stefania Palma try to uncover the truth, and find a story that tells us about Russia today and how people in the west build stories about who’s good and who’s bad. The Russian Banker is a special series that will run on the Behind the Money podcast starting Aug. 30. Listen to The Russian Banker by subscribing to the Behind the Money podcast here. Lees meer
Hosted on Acast. See acast.com/privacy for more information.
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Did Binance miss its chance to rule crypto?
23 augustus 2023 · 18 min
The collapse of FTX sent shockwaves through the crypto ecosystem last year. But it gave rival crypto exchange Binance, the biggest in the world, a chance to dominate the markets. The FT’s digital assets correspondent Scott Chipolina explains why Binance has struggled to capitalise on that moment. Lees meer
Clips from CNBC, CBS News and Good Morning America
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The FT Weekend Festival is back on Saturday, September 2 at Kenwood House Gardens in London! It’ll be a day of debates, performances and more — including a live recording of Behind the Money. As a podcast listener, claim £20 off your festival pass using promo code FTPodcast. Get your pass here: http://ft.com/festival
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For further reading:
Has Binance blown its chance to rule the crypto markets?
Small crypto exchanges take advantage of Binance’s decline
When tackling crypto, the SEC should be wary of overreach
Changpeng ‘CZ’ Zhao, crypto’s ‘corporate raider’
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On Twitter, follow Scott Chipolina (@ScottChipolina) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The controversy around share buybacks
16 augustus 2023 · 18 min
Share buybacks are a strategy companies use to return excess cash to their shareholders. But recently, they’ve exploded in popularity, and that’s sparked strong discussions inside financial circles. The FT’s US financial editor Brooke Masters explains why share buybacks have become so hotly debated. Lees meer
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For further reading:
If companies are going to buy back shares, they should pay a fair price
Share buybacks need less hate and more scrutiny
Record buyback spree attracts shareholder complaints
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On Twitter, follow Brooke Masters (@brookeamasters) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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How Dubai is reshaping the global oil trade
9 augustus 2023 · 17 min
For decades, the global centre for oil trading has been Geneva, Switzerland. But Russia’s war in Ukraine changed that. Sanctions have made it harder for western traders to move Russian oil. Now, traders are flocking to a new trading hub that has no restrictions on oil from Russia: the United Arab Emirates. The FT’s energy correspondent Tom Wilson explains how this shift has helped the UAE replace Switzerland, and whether the global energy industry is shifting away from western economies. Lees meer
Plus, do you have your own burning questions about business or finance? Send us your questions and we may use them in a future show. Record a voice message here and we may even play it on the show: https://sayhi.chat/rmc2b Or, email Michela at michela.tindera@ft.com, or message her on Twitter at @mtindera07
Update: A new version of this episode was uploaded on August 9, 2023 to correct that Fujairah is roughly an hour’s drive east from Dubai, not west.
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For further reading:
How Dubai became ‘the new Geneva’ for Russian oil trade
Switzerland questions oil trader over sidestep of Russian sanctions
Letter: Energy trading is opaque — and that suits Big Oil
Switzerland/Paramount: block loopholes which swerve oil sanctions
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On Twitter, follow Tom Wilson (@thomas_m_wilson) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Institutional investors take to the pitch
2 augustus 2023 · 21 min
There’s a new club coming to women’s professional football in the United States. Next season will see the debut of Bay FC, out of northern California. Aly Wagner, a former player on the US women’s national team, explains how she helped get the club off the ground with an investment model that has never been used in US professional sports before. We explore how this funding model could change the landscape for American sports. You’ll also hear from the FT’s US sports business correspondent Sara Germano about whether this very European model is moving across the pond. Lees meer
Plus, do you have your own burning questions about business or finance? Send us your questions and we may use them in a future show.
Record a voice message here: https://sayhi.chat/rmc2b
Or, email Michela at michela.tindera@ft.com, or message her on Twitter at @mtindera07
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For further reading:
Sixth Street commits $125mn to buy new US women’s football club
Why investors are cashing in on women’s sport
What private equity means for football
UK women’s football needs ‘strategic’ investor to sustain growth
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On Twitter, follow Sara Germano (@germanotes), Saffeya Ahmed (@saffeya-ahmed) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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A different way to understand the US economy
26 juli 2023 · 22 min
Under “normal” circumstances, economists and analysts study a variety of specific indicators to understand what’s happening with the US economy. But lately, those indicators have been sending mixed signals. The FT’s US financial commentator Robert Armstrong explains why they’re wonky and how that’s led him to a different data source to help him understand the economy. Lees meer
Plus, have your own burning questions about business or finance? Send us your questions and we may use them in a future show!
Record a voice message here: https://sayhi.chat/rmc2b
Or, email Michela at michela.tindera@ft.com, or message her on Twitter at @mtindera07
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For further reading:
Recession odds fall, a bit
There is more slack in labour markets than we think
An ‘immaculate disinflation’ in the US is not guaranteed
Stocks rise on robust US bank earnings and ECB rates signal
Listen to the Unhedged podcast
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Macquarie’s grip on global infrastructure
19 juli 2023 · 20 min
About 30 years ago, an Australian investment company called Macquarie figured out how to turn public utilities into lucrative assets. This strategy helped catapult the company into the biggest infrastructure investor in the world. Now, its services range from delivering tap water to London to transporting gas across the United States. But recently it has emerged that one of Macquarie’s former assets, Thames Water, is struggling, and the utility’s consumers are feeling the consequences. We sit down with the FT’s infrastructure correspondent Gill Plimmer to discuss what we can learn from Thames Water’s troubles and what happens when private investments meet a public necessity. Lees meer
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For further reading:
Managed by Macquarie: the Australian group with a grip on global infrastructure
The dangers of asset managers when it comes to long-term infrastructure
How the Thames Water-gate burst
Thames Water travails threaten to plunge privatised sector into crisis
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On Twitter, follow Gill Plimmer (@gillplimmer1) and Topher Forhecz (@ForheczT)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Frances Haugen’s lessons as a Facebook whistleblower
12 juli 2023 · 23 min
Frances Haugen was just another Silicon Valley tech worker until she decided to speak up about what was happening inside Facebook. Now she’s written a book about her experience titled The Power of One: How I Found the Strength to Tell the Truth and Why I Blew the Whistle on Facebook. Frances talks to Michela about what she’s learned. Lees meer
Clips from CBS, CNBC
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For further reading:
Who is Facebook whistleblower Frances Haugen?
Facebook after the whistleblower: can Zuckerberg reboot the social network?
The FT’s 25 most influential women of 2021
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On Twitter, follow Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Best Of: Tracking the mysterious rise of a UAE company
5 juli 2023 · 22 min
This week, we are revisiting an episode from earlier this year about an obscure firm from the United Arab Emirates: International Holding Company’s share price has jumped 40,000 per cent in just a few years. But little is known about the business, which has investments in everything from Elon Musk’s SpaceX to India’s Adani Group. The FT’s Middle East editor Andrew England travelled to Abu Dhabi to get answers about its rapid growth and its connections to some of the most powerful people in the Gulf. Lees meer
Clips from MSNBC, CBS
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For further reading:
The UAE business that went from obscurity to a $240bn valuation in 3 years
The sheikh’s empire driving Abu Dhabi’s meteoric stock market rise
The Abu Dhabi royal at the nexus of UAE business and national security
Groovy girls, typing pools and labour camps: the complicated world of IHC
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On Twitter, follow Andrew England (@cornishft) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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How a big biotech’s start-up gamble went wrong
28 juni 2023 · 24 min
Illumina, the world’s biggest gene sequencing company, announced plans to buy cancer detection start-up Grail for $8bn while the biotech boom was in full swing. To Illumina, Grail looked like a potential gold mine. Until reality — and regulators — entered the picture. Three years and an activist investor campaign waged by Carl Icahn later, the FT’s US pharmaceutical correspondent Jamie Smyth explains the problems that have cropped up and what it means for both companies and their shareholders. Lees meer
Clips from Illumina Inc / Seeking Alpha, Yahoo
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For further reading:
Carl Icahn takes aim at genome sequencer Illumina over Grail deal
Has Illumina taken the wrong path in its Grail quest?
Quick blood tests to spot cancer: will they help or harm patients?
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On Twitter, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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The downfall of a UK hedge fund titan
21 juni 2023 · 25 min
For decades, Crispin Odey sat atop the UK’s hedge fund scene. Lauded by many in financial circles as a charismatic maverick and known for taking high-risk bets on the market, he seemed untouchable. Until two weeks ago. The FT published a scathing investigation detailing the accounts of more than a dozen women accusing Odey of sexual misconduct. Madison Marriage and Antonia Cundy, from the FT’s special investigations team, look at the fallout from these allegations, and explain whether they think this is the start of a reckoning in UK finance. Lees meer
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For further reading:
How Crispin Odey evaded sexual assault allegations for decades
The week the City ditched Crispin Odey
When it comes to harassment, the City must stop protecting its wallet
The fallout from the FT’s Crispin Odey investigation
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On Twitter, follow Madison Marriage (@miss_marriage), Antonia Cundy (@antoniacundy) and Michela Tindera (@mtindera07). You can contact Madison and Antonia directly here: madison.marriage@ft.com and antonia.cundy@ft.com
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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Is crypto a security, bro?
16 juni 2023 · 15 min
Crypto is at a crossroads. As exchanges and currencies blow up, the US Securities and Exchange Commission is ready to step in. But is crypto a security, like a stock? Or a tradable item of speculation, like a Beanie Baby? Today on the show, Robert Armstrong and Ethan Wu argue about the benefits and risks of regulating crypto. Also, we go short home prices, and long … the bone trade. Lees meer
Subscribe to the Unhedged newsletter
Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.