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US unemployment ticks down in June, supporting hawkish Fed pivot
While job growth figures underwhelmed, the overall picture of the US labour market remains robust
FirstFT: OpenAI proposes US government stake
Also in today’s newsletter: Asia’s biggest IPO this year, and Google loses appeal against record €4bn EU competition fine
Fear, loathing and ice cream pricing
Japan’s food industry is a shopfront for the vulnerabilities of a weak currency
Trump blocks long-term renewal of North America trade pact
Washington will hold annual reviews on terms of commerce with its biggest trading partners
Americans’ July 4 celebrations come with highest-ever price tag
Tariffs and war in Iran have kept food and gasoline prices elevated as country marks 250th birthday
Whitepapers / Articles
A View from the Bridge - April 2026
“Never forget where you’re coming from” is the chorus line to a Take That hit from 1995 and much of yesterday’s policy decision and press conference was metaphorically sung in that vein.
PegasusCapital - 01/05/2026
