Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta is paying its first-ever dividend as it tries to win round Wall Street and convince shareholders that years of unproven bets on the metaverse and costly new investments in artificial intelligence will deliver results.
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The online retailer Shein has been accused of breaching its own legal settlements and continuing to sell copycat items despite pledging to stop, with one of the world’s largest fashion groups accusing the company of being “repeat counterfeiters”. Shein has long faced criticism that its blistering growth relied on cheap knock-offs of other people’s designs.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The cost of UK carbon emissions permits has fallen to an all-time low, raising fears it will weaken the incentive to build cleaner renewable energy sources. Futures contracts tracking the UK carbon price to December
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I knew I would find The Traitors, a televised version of the party game Mafia, about as relaxing as waiting in accident and emergency with an open head wound. But the show has become a
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT The Aozora Bank Ltd. headquarters in Tokyo Japan, on Thursday, Feb. 1, 2024. Japan’s Aozora Bank became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concern over
Man Group, the world’s largest publicly listed hedge fund, is retiring the GLG brand and merging some of the firm’s teams as it advances into credit markets, in the first big changes made by its new chief executive Robyn Grew. The firm is dropping the brand, one of the best known in the industry, and
The 2024 US presidential candidates’ campaigns and the political action committees supporting them released several gigabytes of data on Wednesday. Here are four things we learned. Biden has much more money to spend than Trump, whose legal problems are sucking up cash Joe Biden led Donald Trump in the 2023 money race, with his campaign
Municipals rallied Thursday as the Triborough Bridge and Tunnel Authority doubled the size of its deal to $1.6 billion while muni mutual funds saw inflows hit nearly $1.5 billion. U.S. Treasury yields fell and equities improved. Muni yields were bumped two to 12 basis points, depending on the curve, while UST yields fell six to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon reported accelerating sales growth in its cloud division and a healthy outlook for the start of the year, as earnings came in ahead of Wall Street’s expectations. Sales at Amazon’s closely watched cloud computing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple’s revenue returned to growth during the holiday period, beating analysts’ expectations with a boost from its services division and solid iPhone sales, but ongoing concerns about declining sales in China made investors wary. Apple’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta, the parent of Facebook and Instagram, has announced its first ever dividend and an additional $50bn in share buybacks as bumper fourth-quarter results sent its shares up by more than 12 per cent in
On Wednesday the House passed new legislation that seeks adjustments to Low-Income Housing Tax Credits issued by the Treasury that lowers the volume requirements of state-issued private activity bonds. The Tax Relief for American Families and Workers Act passed via a 357 -70 vote featuring strong bipartisan support. It stands on two legs of expanding
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden has approved financial sanctions on Israelis responsible for “extremist settler violence” against Palestinian civilians in the West Bank, amid rising tensions between the US and Israel over a two-state solution in the region.
Louisiana will kick in more money — and get a piece of toll revenue — under a revised public-private partnership for a $2.1 billion bridge that state officials signed off on Thursday. Bonds to pay for the deal, which marks the state’s largest P3 yet, will hit the market in early April under the current
This article is an on-site version of our Britain after Brexit newsletter. Sign up here to get the newsletter sent straight to your inbox every week Good afternoon and happy fourth anniversary to all the good burghers of Brexitland. You might think, four years after the UK formally quit the EU, there wouldn’t be much
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Milton Friedman believed the “long and variable lags” of active monetary policy made its goal of hitting an inflation target essentially unachievable. Central bankers invoked these flaws earlier in this cycle to allay fears of runaway
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mounting losses from banks in the US, Asia and Europe have rekindled concerns about weakness in the US commercial property market, a sector that has been under pressure from lower occupancy levels and higher interest
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Twenty-five years ago, I heard a clutch of top American financial officials, including Timothy Geithner and Lawrence Summers, offer advice to their Japanese counterparts about how to tackle a property crisis. The essence of their
Appeals court judges this week heard arguments over the scope of liens on Puerto Rico Electric Power Authority revenues in a case widely seen as potentially having major implications for how municipal revenue bonds are treated in debt adjustment proceedings, such as Chapter 9, in the future. The United States Appeals Court for the First
As investors face credit and interest rate risk — two of the more challenging aspects of the market over the past two years — some are looking to alternative investments such as interval funds. For investors who have the flexibility, deeper pockets and risk appetite, the funds, which are closed-end not traded on any exchanges
Recep-bg | E+ | Getty Images Rent costs are beginning come down after record-high asking prices. “Rental markets are cooling, but in a lot of places, it doesn’t mean they’re falling. It means they’re growing at a slower pace,” said Whitney Airgood-Obrycki, senior research associate focused on affordable housing at the Joint Center for Housing