FTAV’s Friday charts quiz
One Damned Chart After Another
Japanese stocks post biggest one-day fall since ‘liberation day’ chaos
‘Complete carnage’ as Nikkei 225 and Topix indices drop nearly 6% in flight from AI trade
Monzo explores fundraising at £7.5bn valuation as private equity talks stall
Lender had shifted focus to talks with buyout groups after failing to clinch a £10bn takeover by Brazilian fintech Nubank
Wall Street AI sell-off spreads to Asia and Europe
Donald Trump blames voters for tech rout as futures suggest sell-off will ease at the US open on Friday
Putin orders seizure of Japan Tobacco’s Russian business
Expropriation of market’s largest cigarette company set to further strain ties between Moscow and Tokyo
Is the AI stock bubble finally bursting?
Any reasonable person can see the hallmarks of an unsustainable party in markets
The sell-off gets deep
But not broad, yet
FTAV’s further reading
Who pays for AI; city builder chaos; Bob Dylan and the Pope
Transcript: Can economics fight fascism? With Isabella Weber
Martin Sandbu speaks with economist Isabella Weber
Macquarie has ‘runway’ for growth, says outgoing chief
Half-year profits at ‘millionaires factory’ jump 50% to A$2.5bn as CEO signs off after eight years in role
IEA chief predicts climate action comeback ahead of COP31 summit
Also in this newsletter: Nato launches online marketplace to speed up anti-drone purchases
Ark Invest wants to bring some ‘disruptive innovation’ to interval funds
Tokenised, exchange-traded interval funds with venture capital exposure and hedge fund-level fees. What could go wrong?
FirstFT: Global stocks tumble as Democratic sweep sparks AI rout
Also in today’s newsletter: US tech barons and Jaguar Land Rover recall
Singapore Airlines unveils biggest double bed in the sky in premium fightback
Carrier upgrades first and business class cabins in push to attract upmarket passengers after losing ground to rivals
Transcript: Why investors soured on the Democrats
Marc Filippino speaks to Kate Duguid, Joe Miller, Ciara Nugent and Chris Smyth
Farage backtracks on Iran war after Trump prediction falls flat
Reform UK leader’s friendship with the US president has long been seen by opponents as a liability
Who is in the line of fire after the midterm drubbing?
The Trump administration reckons with the Democratic Party’s emphatic victory in the US midterms
Don’t bet on a ‘blue wave’ changing the economy
A shift in the composition of Congress will have little impact on policymaking in the remainder of Trump’s term
The post-midterms playbook for America Inc
Robust institutions have been and always will be the bedrock of US capitalism
America turns on Trump’s tech cheerleaders
Silicon Valley elites and AI executives plot new political strategy after alliance with US president backfires in midterms
Iran celebrates Trump’s election defeat as mediators push for deal to end war
Regional negotiators, led by Qatar, have stepped up efforts to broker an interim agreement between Washington and Tehran
Britain’s gas use set to surge due to data centres
Delays in connecting to the electricity grid are leading developers to invest in fossil fuel generation
The AI gamble strains for more cash
But true believers in the technology are still angling to spend tens or hundreds of billions of dollars
Baillie Gifford Prize winner Edmund Richardson: ‘History is a game of doubt and shadows’
The writer of an epic portrait of Alexander the Great on surviving cancer, the thrilling ways AI is opening up the past — and how his all-conquering subject changed the world