Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If there’s anything we’ve learned about American politics in the age of Trump it is this: the pollsters almost always get it wrong. When the billionaire real estate developer first burst on to the political
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump cruised to victory in more than two-thirds of the states holding Republican primaries on Super Tuesday, on a night that is set to bring him to the brink of securing his party’s presidential
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela will hold its presidential election on July 28, ending speculation over when polls will be held as political repression increases in the South American country. Socialist strongman President Nicolás Maduro is expected to run
Your browser does not support playing this file but you can still download the MP3 file to play locally. Rates are up and so are the markets, baffling the bears. Today on the show, FT correspondents Ethan Wu and Katie Martin look at five reasons the market might be rationally booming, including investor sentiment numbers,
The Puerto Rico Electric Power Authority bond trustee said the Oversight Board’s proposed plan of adjustment breaches the bonds’ trust agreement. “There is a fundamental clash between the duties of bondholders to each other in the trust agreement and the three bondholder [plan support agreements (PSAs)] in the plan,” said bond trustee U.S. Bank N.A.
Financial woes at the University of Arizona led Moody’s Investors Service on Monday to revise the outlook on the school’s Aa2 system revenue bond rating to negative from stable. The rating agency pointed to a structural imbalance and uncertainty over the pace of operating performance improvements, along with continued integration risk related to the university’s
Capital Markets Advisors and its two principals Richard Ganci and Richard Tortora, municipal advisors to the City of Rochester, New York have been denied their motion for dismissal in the ongoing Securities and Exchange Commission lawsuit against them. The charges were leveled as part of a group of actions against the City of Rochester, its
The primary market was the focus Tuesday, as several large deals priced to strong reception, led by an upsized pricing of $1.4 billion from the New York City Municipal Water Finance Authority. Municipals were little changed in secondary trading, underperforming U.S. Treasuries, while equities were down near the close, as all markets await Federal Reserve
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin traded as high as $69,200 on Tuesday, briefly setting a new all-time record for the world’s largest cryptocurrency before falling back. The price has surged since US regulators in January approved spot bitcoin exchange
The UK’s Conservative party has traditionally prided itself on being a strong supporter of business. But ahead of chancellor Jeremy Hunt’s Budget on Wednesday, directors of small businesses expressed concern over high costs — including interest rates — an impending rise in the living wage, a shortage of skilled workers and difficulty accessing tax breaks
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. PwC stripped three senior partners of their management roles and disqualified one of them from the race to run its US business after finding they breached leadership election rules. Neil Dhar, who had
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Emmanuel Macron’s remark last week that sending western troops to Ukraine could not be ruled out was immediately slapped down by many European counterparts — notably German Chancellor Olaf Scholz. Russia’s Vladimir Putin still seized
The city of Dolton, Illinois, in south Cook County, shares a boundary with Harvey. It also appears to share a level of financial turmoil that brings basic city operations under court scrutiny. It’s been two years since Dolton made public an audited annual financial report. But an annual treasurer’s report for 2023 shared with The
New York City finance officials appeared before the City Council Monday to discuss the mayor’s fiscal 2025 preliminary budget. Testimony centered around the $109.4 billion preliminary budget that Mayor Eric Adams proposed in January, which is balanced as required by law, and includes a near-record $8.2 billion in reserves, including $1.2 billion in general reserve, $4.8 billion in the Retiree Health Benefits
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China is the global savings superpower. In the past, in a fast-growing economy with superb investment opportunities, its high savings have been a big asset. But they can also cause huge headaches. Today, with the
Nearly seven years after the Puerto Rico Electric Power Authority went into bankruptcy, the restructuring entered its potential final stage with arguments over the proposed plan of adjustment’s legality and assumptions. In a separate PREPA development, the Puerto Rico Oversight Board approved a municipal bond restructuring for PREPA’s private power supplier AES Puerto Rico, which
The Municipal Securities Rulemaking Board is gearing the industry up for two meetings aimed at addressing the now discarded 2024 rate card fee model. The board recently announced these meetings, the first of which will gather four trade associations and focus on the comments received, market projections and fee volatility as part of the board’s
Welcome to the Financial Times’s live coverage of Super Tuesday, perhaps one of the busiest days of the US presidential election calendar. Fifteen US states head to the polls, potentially shedding more light on who the Republican and Democratic parties will pick as their nominee for president. Stay with us through the day for updates
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This is an on-site version of the US Election Countdown newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at electioncountdown@ft.com Good morning and happy
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription:Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:00):Hi everyone and welcome to the Bond Buyer Podcast. I’m Mike Scarchilli, Editor-In-Chief of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European Central Bank staff are in revolt over the board’s approach to climate change after an executive said new recruits had to be “reprogrammed” to ensure they support its green policies. The ECB’s staff committee