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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. Former UK chancellor George Osborne has joined the advisory council of cryptocurrency exchange Coinbase, as the company faces increasing regulatory scrutiny. The San Francisco-based exchange is expanding in jurisdictions ranging from Singapore to Bermuda, and
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This is part of a series, “Economists Exchange”, featuring conversations between top FT commentators and leading economists The potential of generative artificial intelligence dominated discussions at Davos this month. Business leaders and policymakers are wondering if last year’s hype over large language models (LLMs), which fuelled a stock market rally, will actually be matched by
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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. The writer is a science commentator Witchweed, a parasitic plant, is scarier than any fictional triffid. It feasts on sorghum — a crop used across Africa for food, construction and industrial processing — by clinging
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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. Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented remuneration was improperly approved by the electric-car maker’s board of directors and had short-changed the company’s
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Municipals were slightly firmer Tuesday as new-issues from the New York Thruway Authority and the Massachusetts Development Finance Agency’s Children’s Hospital were well-received. U.S. Treasuries were mixed as were equities ahead of the Fed rates decision Wednesday. Triple-A yields were bumped one to four basis points, depending on the curve, while UST saw yields fall
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The University of Washington’s outlook was revised to negative from stable by Moody’s Investors Service and its Aaa issuer rating affirmed ahead of its plans to issue tax-exempt revenue bonds next week. The negative outlook “was driven by the university’s thinning operating performance that reflects both expense pressures in the university’s own operations as well
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The Securities and Exchange Commission has suspended the Municipal Securities Rulemaking Board’s 2024 rate card fee model, returning all fees the MSRB collects to 2023 levels and raising immediate questions about what fees will be applied to bonds that have already sold but have yet to close. The Commission received the MSRB filing one business
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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. Shadow chancellor Rachel Reeves has vowed to “unashamedly champion” Britain’s financial services sector if Labour wins the general election, denouncing politicians who have been “embarrassed” by the City’s success. Reeves will this week launch Labour’s
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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. Western exasperation with Viktor Orbán’s behaviour is starting to boil over. The Hungarian leader has long played the role of the EU’s chief antagonist, obstructing its decision-making, undermining its institutions and traducing its democratic values.
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