Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Goldman Sachs’ top investment bankers have threatened to quit after being excluded from a new operating committee established under chief executive David Solomon, according to people familiar with the matter. Mark Sorrell, the
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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. When a rival claims that they need $7tn to keep up, you know you’re in a good position. Nvidia’s command over chips tailored for artificial intelligence led OpenAI’s Sam Altman to set a wild goal
United Airlines is the first US airline to resume flights to Israel, after they were suspended from the route following the outbreak of war in October last year. The Chicago carrier said it would resume flights between Newark, New Jersey, and Tel Aviv on March 2, with nonstop service beginning four days later. United stopped
U.S. District Judge Laura Taylor Swain rejected Puerto Rico Electric Power Authority bond parties’ motion for immediate consideration of their request for a receiver. Bond parties last week requested a hearing within 30 days to lift the bankruptcy’s stay on remedies, like their appointment of a receiver for PREPA. Swain said she would consider the
Prime Minister Rishi Sunak on Wednesday refused to repeat the litany of accusations levelled by Kemi Badenoch, his business secretary, against the man she fired as chair of the Post Office. Then again, few British politicians would have used the eviscerating words aimed by Badenoch at Henry Staunton, whom she accused of spreading “a series
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia revenues soared 265 per cent in the latest quarter to $22.1bn as the world’s most valuable chip company benefited from a spending frenzy on artificial intelligence. The revenue performance beat analysts’ already heightened expectations
Former U.S. President Donald Trump gestures on the day of a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election, in New York State Supreme Court in the Manhattan borough of New York City, U.S., February 15, 2024. Andrew Kelly |
Municipals were slightly firmer in spots Wednesday, as U.S. Treasury yields rose and equities saw more losses after January’s Federal Open Market Committee meeting minutes showed the Fed was not in a hurry to cut rates. Triple-A yield curves were firmer by a basis point or two while a larger new-issue calendar was the focus
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Federal Reserve officials were wary of cutting interest rates too quickly this year, according to a record of their last meeting in January, as they remained “highly attentive” to the risk of resurgent inflation.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft, weeks after a door panel blew out of one of the planes on an Alaska Airlines flight. Ed Clark, a vice-president and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US chip company Intel will make high-end semiconductors for Microsoft, the companies announced, as it seeks to compete with TSMC and Samsung to supply the next generation of silicon used in artificial intelligence for customers
Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a
The Biden administration Tuesday announced $5.8 billion in water infrastructure funds for states, tribes and territories, the latest round of funding from the Infrastructure Investment and Jobs Act record level of clean water investment. Th money includes $3.2 billion for the Drinking Water State Revolving Fund for water projects and $2.6 billion for the Clean Water
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mike Ashley’s Frasers Group has accused Morgan Stanley of “snobbery” over its decision to impose a $1bn margin call, claiming the bank’s move was driven partly by the entrepreneur’s humble beginnings. Appearing on the opening
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opposition leader Sir Keir Starmer was set to dodge a large-scale rebellion of Labour MPs on Gaza on Wednesday after a controversial decision by the House of Commons Speaker sparked outcry in Westminster. The move
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the provost and professor of economics at Sciences Po in Paris and a longtime friend of Alexei Navalny The killing of Alexei Navalny in an Arctic prison is terrible news — not
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of nearly $1.5 billion. The top 20 bond financings have a cumulative amount of more than $13 billion. Scroll through to see which bond financings are in the top
The Midwest region saw larger municipal bond deals yet fewer issues in 2023 compared to the previous year. Robust deal amounts in nearly half the region’s states offset declines in the remaining states in both overall volume and number of issues. Tax-exempt new money deals surged as Illinois overshadowed its neighbors in both deal size
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the most common criticisms of Keir Starmer among those in and around Westminster is that the Labour party leader is not very political. It is a peculiar line to take about a man
Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research Center. Slightly more than half of all those surveyed, 52%, believe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Early on in his leadership, Sir Keir Starmer would occasionally address the scale of the task he faced by saying that he needed to do in just five years what Neil Kinnock, John Smith and