When Elon Musk bought Twitter, he quickly gutted the social media platform to its core operations, dispensing with anything he saw as wasteful or superfluous. Now, Donald Trump wants him to do the same to the US government. The world’s richest man was named this week alongside Vivek Ramaswamy, a former rival of Trump’s for
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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. Earlier this year I had one of those encounters which, afterwards, I just couldn’t stop thinking about. Eight months and some digging later, I have decided to write about it. My meeting was with an
”I have been laser focused on ensuring that the jobs created by this project go first and foremost to district residents,” said D.C. at-large, Councilman Kenyan McDuffie, “and that district-based companies receive the bulk of the contracts associated with this project.” D.C. City Council The bond-financed renovation of Capital One Arena in downtown Washington D.C. is
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The system for handling UK financial services complaints is to be overhauled to avoid more costly “mass redress events” in the latest sign of how politicians are pushing to ease the regulatory burden on
Chicago’s City Hall. The City Council on Thursday soundly rejected Mayor Brandon Johnson’s proposed property tax increase, part of an effort to close a yawning fiscal 2025 budget gap.Adobe Stock The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson’s fiscal 2025 budget on Thursday, voting down a proposed $300 million property tax
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors dumped shares in vaccine makers and pharmaceutical groups on Friday, as concerns grew over Donald Trump’s nomination of vaccine sceptic Robert F Kennedy Jr as the top US health official. US-listed vaccine makers were
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. German Chancellor Olaf Scholz has spoken to Russian President Vladimir Putin for the first time in nearly two years, as western powers position for the return of a Trump administration that has made ending
The Biden administration will continue to allocate transportation grant funds in its few remaining months before leaving office, Transportation Secretary Pete Buttigieg said. Bloomberg News The Biden administration marked Friday’s third anniversary of the Infrastructure Investment and Jobs Act by announcing $3.4 billion in fresh grants and pledging to keep the money flowing in the
Pekic | E+ | Getty Images Mortgage rates seem to have steadied. That may be a good sign for the market, experts say. The average 30-year fixed rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from 6.79% a week prior, according to Freddie Mac data via
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | Reuters Cathie Wood is defending her underperforming ARK Innovation exchange traded fund following a rocky stretch. “We have a volatile fund,” she told
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Elon Musk’s private companies are set to secure multibillion-dollar jumps in valuation through new deals, as investors race to back the sprawling business interests of the world’s richest man. SpaceX, the largest private
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Friedrich Merz suddenly re-entered politics after a near 10-year absence, some described it as the Second Coming. Others said it was the return of the undead. However you describe it, Merz’s rebound has been
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves has proposed a major overhaul of the pensions industry as the government hopes to drive investment into productive British assets through a series of “megafunds”. This would involve rapid consolidation across UK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu’s chief of staff was questioned by police as part of an investigation into suspicions that he altered records of the timeline of the Israeli prime minister’s phone calls in the early moments of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Show video info An Israeli air strike flattened a large residential building near one of Beirut’s busiest junctions on Friday morning, rocking the Lebanese capital after weeks of intense fighting between Israel and Hizbollah. The
James Monroe High School students in the school’s Creative Arts building, which was financed with LAUSD Build America bonds.LAUSD After more than a decade of cuts to the promised subsidy that underpinned Build America Bonds, dozens of issuers pulled the plug on that structure this year. The Los Angeles Unified School District was in the
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Right now global investors are grappling with at least two big surprises linked to Donald Trump. The first is the magnitude of his victory. Although many (including myself) expected him to win, few
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime UK office and shopping centre values are rising for the first time in two years, according to some of the UK’s largest listed landlords, in a positive sign for the embattled commercial real estate
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€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT