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Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaTrump’s Venezuela strategy has failed in IranKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsG7 discuss joint release of emergency oil reservesUSUS HomeUS EconomyUS CompaniesUS Politics & PolicyTrump’s Venezuela strategy has failed in IranKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsGoldman pitches hedge funds on strategies to bet against corporate loansCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesGoldman pitches hedge funds on strategies to bet against corporate loansSheryl Sandberg and Nick Clegg join Nvidia-backed AI start-up NscaleTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaSheryl Sandberg and Nick Clegg join Nvidia-backed AI start-up NscaleAnthropic sues Pentagon claiming supply chain risk label could cost billions in revenueKKR eyes multibillion-dollar sale of data centre cooling companyMicrosoft adds Anthropic AI models to its Copilot workplace toolsDarktrace names third chief in 18 months amid US expansion driveMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesGoldman pitches hedge funds on strategies to bet against corporate loansIran war will leave a complex geoeconomic legacyClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersTrump’s Venezuela strategy has failed in IranIran war will leave a complex geoeconomic legacyStagflationary forces are buildingAmerica chose this war — and must now choose how to end itWhy it’s time to end the grim march of the touchscreenLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItWhy it’s time to end the grim march of the touchscreenYou can turn this to your advantage if every news story has ‘tax exile’ in itWhite males will have ‘fewer board seats’ in future, says UK diversity chairBusiness school professors’ picksLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterHow to wear a tie: HTSI’s definitive guideThe new food fad sweeping KoreaWine storage is emerging from the cellarFlip it and reverse it: the enduring fun of Jaeger-LeCoultre’s Reverso ‘Match of the century’ referee Lothar Schmid’s chess library up for auctionHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InUK InequalityFree Lunch. The left-behind economy and what to do about itNew insights into regional inequalityMartin SandbuUS economy‘The gap is widening’: inside Donald Trump’s K-shaped economy In the president’s second term the rich have got richer and the poor are getting poorerUS economyVance touts Trump’s economy to shift message on cost of livingVice-president urges patience on affordability after Trump veers off script on affordability crisisUS economyUS widening economic divide endangers Trump’s midterm hopesDiverging fortunes of rich and poor turn economy from an asset to a liability for US presidentUS societyWhy Americans are feeling poorer even though they’re notEssential services cost more because people are better offJohn Burn-MurdochGlobalisationFT Alphaville. The ‘homoploutic’ elephant, with Branko MilanovićThe Economics Show 🤜🤛 FT AlphavilleTechnology sectorUnhedged. Does the K-shaped economy theory even make sense?Plus, more on memory stocksRobert ArmstrongMarketsUnhedged. How K-shaped is the economy, really?Prospects, more than wealth or income, have become more unequalRobert ArmstrongSocial affairsUniversal basic capital would create a fair AI economyPredistribution, not redistribution, is needed to close the inequality gapNicolas BerggruenGlobal EconomyPoorest US workers hit hardest by slowing wage growthTrend adds to pressure on Donald Trump over inequality as he threatens to undermine reliability of economic dataTaxLex. Trump gives nepo babies a big beautiful tax boostReducing the number of people who pay the ‘death tax’ entrenches privilege and inequity across generationsBillionairesZohran Mamdani is wrong — of course billionaires should existThe democratic socialist candidate to be mayor of New York mistakenly believes that the economy is a zero-sum gameMichael StrainUS economyWhy ‘Make Hollywood Great Again’ makes senseTrump’s new film tariff proposal is bad economics but smart politicsRana ForooharEducationTrump’s attack on higher educationHis targets are wrong, but reform is sorely neededRana ForooharGlobal inequalityFree Lunch. The source of middle class anxietyHigher costs lower the returns to ambition in the westTej ParikhGlobal migrationMaga vs the billionairesTrump’s fragile coalition is already splintering over immigrationRana ForooharGlobal inequalityInequality hasn’t risen. Here’s why it feels like it hasWhat appears on the surface to be a flat trend masks churn beneathJohn Burn-MurdochUS presidential election 2024Poorer voters flocked to Trump — and other data points from the electionFT analysis of this week’s election results paint a dire picture for the DemocratsUS presidential election 2024FT Alphaville. This was an election on the US economy. And for many Americans, the economy sucks‘Strong’ for whom?US economyFT Alphaville. Checking out of Hotel CaliforniaWhy is the Golden State shedding companies?Demographics and populationFT Alphaville. Why is New York shrinking?Look over here, like I live in hell? I’m running wild like rats in Taco BellGlobal inequalityGlobal inequality is narrowing — and that is cause for celebrationWesterners worried about growing disparities at home shouldn’t overlook the transformative effect of liberalisation in India and ChinaShekhar AiyarThe Economics Show with Soumaya Keynes podcastRethinking income inequality, with Chris GilesNew research questions the rate of income inequality in the USEducationEven a PhD isn’t enough to erase the effects of classA new study shows that it plays out differently to barriers based on race or genderSoumaya KeynesUS economyFT Alphaville. How the ‘strong’ US economy feels for poorer Americans, in five chartsThat’s your bloody GDP. 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