Matt Fabian, partner at Municipal Markets Analytics Inc., said the muni lobby is bulking up to prepare for a fight over the tax exemption in Congress. Market participants are gaming out scenarios in a post-election municipal landscape, pondering potential shifts in the investor base, borrowing costs and whether the Trump administration takes a scalpel or
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A sign outside the Financial Industry Regulatory Authority office. The Financial Industry Regulatory Authority has fined Rudy Mejia Jr., chief executive officer and founder of Austin-based Nickel Hayden Advisors $10,000 for involving himself in the sale of $738,000 in limited partnership interests of a pooled investment fund he co-founded and co-managed. In addition to the
In this article BTC.CM= BLK Follow your favorite stocksCREATE FREE ACCOUNT The BlackRock logo is pictured outside the company’s headquarters in the Manhattan borough of New York City on May 25, 2021. Carlo Allegri | Reuters BlackRock has expanded its tokenized money market fund to include several more blockchains. The investment manager said Wednesday that
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world South Dakota senator John Thune will be the next Republican leader in the Senate and the most powerful Republican on Capitol Hill, after garnering the support of a majority of the party’s lawmakers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Canadian pension investor PSP has acquired the UK airports operator of Aberdeen, Glasgow and Southampton airports for £1.5bn from Ferrovial and Macquarie, marking the latest deal in the sector amid a post-pandemic rebound in travel.
Pete Hegseth has carved out a lucrative career as a rightwing television personality revealing what he says is the secret flaw behind the US military’s stumbles in Iraq and Afghanistan: wokeness. Now, as Donald Trump’s nominee for secretary of defence, the Princeton-educated Fox News host and military veteran is a vote away from managing the
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates at its last meeting before US President-elect Donald Trump takes office. Wednesday’s figure from the Bureau
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Apparently it is time to let go of your old mindset (man). Forget about the past. Imagine a new and more glorious future. And buy bitcoin. This is a serious struggle for normies
The CHI Health Center arena and convention center complex will get bond-financed improvements Omaha’s voters approved last week.Bloomberg News Omaha voters approved six general obligation bond measures totaling $333.4 million last week. Omaha Finance Director Stephen Curtiss told The Bond Buyer the city made it clear to voters that “we have no intention of raising
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world In 2002, researchers looked at American social trends and found an “emerging Democratic majority”. The party has lost as many presidential elections since then as it has won. In 2019, when Britain’s Conservatives
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Baidu has unveiled artificial intelligence-powered smart glasses as Chinese tech groups race with global rivals to capitalise on AI-integrated hardware. Li Ying, head of Baidu’s hardware brand Xiaodu, said its smart glasses would “become a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has fired the starting gun on its long-anticipated stock market flotation after the Swedish buy now, pay later pioneer said it had filed initial public offering documents in the US. The Swedish fintech said
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The devastating floods that killed more than 220 people in Spain have delivered a stark warning on how official blunders can cause the failure of disaster alert systems in an era of hard-to-predict catastrophes. As a reckoning continues over mismanagement of the October disaster, criticism is being heaped on the Valencia regional government, which failed
Elon Musk’s support for Donald Trump is set to boost X’s flagging business, with some marketers poised for a return to the social media platform in order to seek favour with the incoming administration. Media executives told the Financial Times that some brands were preparing to advertise on X once again, as its billionaire owner was
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a professor at Georgetown University and a senior adviser with The Asia Group. He served on the US National Security Council staff from 2009-2015 No one knows what the future
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is a science commentator The conversation about whether AI will attain or supersede human intelligence is usually framed as one of existential risk to Homo sapiens. A robot army rising up, Frankenstein-style, and
When Donald Trump returns to Washington on Wednesday, the president-elect will receive a hero’s welcome from fellow Republicans on Capitol Hill. “We are going to raise an ‘America First’ banner above this place,” Republican Speaker of the House Mike Johnson told reporters on the steps of the US Capitol this week. “This leadership will hit
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has named Elon Musk and Vivek Ramaswamy to lead a “department of government efficiency”, giving the two private-sector entrepreneurs charge of a promised effort to slash rules, bureaucracy and spending throughout
Volkswagen has earmarked a further $800mn for its partnership with electric vehicle start-up Rivian, as Europe’s largest carmaker bets that modern software will help slow falling sales. The two carmakers on Tuesday said their joint venture, which was announced in the summer, would be led jointly by representatives from both companies: Rivian’s chief software officer, Wassym Bensaid, and VW’s