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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world In April 2022, Elon Musk tweeted a cartoon made by US evolutionary biologist Colin Wright. The image shows a stick figure representing Wright, a self-described “centre-left liberal”, becoming politically stranded as the American
In January 2023, short seller Hindenburg Research put out a report claiming that executives at one of India’s largest conglomerates were manipulating the company’s stock price. The Adani Group and its multibillionaire founder Gautam Adani strenuously deny the accusations, but the report instantly wiped off as much as $140bn from the conglomerate’s market value and
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Corporate borrowers are rushing to tap the US bond market, taking advantage of “eye-poppingly” buoyant conditions after Donald Trump’s election victory. Companies including heavy machinery maker Caterpillar, biopharma company Gilead Sciences and investment
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump will nominate Jay Clayton, the former head of the Securities and Exchange Commission, as US attorney for the Southern District of New York, one of the most prestigious prosecutorial posts with
Jerome Powell, chairman of the Federal ReserveAndrew Harrer/Bloomberg Federal Reserve Chair Jerome Powell sees no reason to rush the process of easing monetary policy. In a speech delivered Thursday afternoon in Dallas, Powell said the U.S. economy is strong and inflation is moving “sustainably” toward the Fed’s 2% target, “albeit on a sometimes-bumpy path.” Because
Donald Trump has nominated vocal vaccine sceptic and former Democrat Robert Kennedy Jr as head of the US Department of Health and Human Services, the latest in a series of controversial picks for top cabinet jobs. The appointment will put Kennedy, who sowed doubts about Covid-19 vaccines and has been critical of the pharmaceutical industry,
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. John Malone, the pre-eminent dealmaker in the media and technology industry, is pressing for merger activity amid an anticipated rollback of regulations under the incoming administration of Donald Trump. Charter Communications, the cable television and broadband
Donald Trump has nominated vocal vaccine sceptic and former Democrat Robert F Kennedy Jr as head of the US Department of Health and Human Services, the latest in a series of controversial picks for top cabinet jobs. The appointment will put Kennedy, who sowed doubts about Covid-19 vaccines and has been critical of the pharmaceutical
<img src=”https://public.flourish.studio/visualisation/20306565/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were narrowly mixed Thursday as U.S. Treasuries saw losses up front and gains out long and equities ended down. Municipal yields, while bumped or cut up to three basis points, depending on the scale, have had a relatively quiet week following the volatility post-election. However, “volatility will likely
€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
“We are going to be the very first state in the nation, the very first city in America, to have a congestion pricing plan,” New York Gov. Kathy Hochul said.Kevin P. Coughlin / Office of the Governor New York now has a start date for congestion pricing, the long-awaited, much-delayed toll that will help fund
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ben & Jerry’s has claimed Unilever threatened to dismantle its independent board and “silenced” the brand over its support for Palestinian refugees, in the latest legal flare-up between the ice cream brand and its parent
Indiana Republican Rep. Rudy Yakym, the Republican co-head of the House Municipal Finance Caucus, is reportedly vying for a spot on the powerful House Ways and Means Committee. Rep. Rudy Yakym’s office With all the House of Representative races now called, Republicans will retain a razor-thin majority, sealing their control of the Senate, House and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The two weeks since Rachel Reeves delivered her first UK Budget as chancellor have been pretty downbeat. Businesses have griped over her tax rises, gilt yields have nudged up and the election of the tariff-loving
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves will tell City of London regulators to dial up the risk in the UK financial services sector, claiming that rules drawn up after the 2008 financial crash have “gone too far”
The First Circuit Court of Appeals ruled PREPA bondholders had a perfected lien on PREPA net revenues. The U.S. Court of Appeals for the First Circuit largely sided with Puerto Rico Electric Power Authority bondholders in a ruling Wednesday, affirming their lien on the authority’s net revenues. The bondholders have a claim for all the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, as the US regulator continues to pursue Big Tech in the final weeks of Joe Biden’s presidency.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Artificial intelligence may represent the biggest opportunity in tech since the arrival of the internet, but it also poses fundamental questions over how some of the industry’s most powerful companies make money. Apple, which began
Oklahoma County is reviewing public-private partnership proposals to help finance a replacement for its troubled downtown Oklahoma City detention center amid rising costs.Oklahoma County Detention Center Oklahoma County is exploring a public-private partnership to help finance a replacement for its troubled jail amid rising costs and a delay in securing a site for the project.
Federal Reserve Board Governor Adriana Kugler with Senate Majority Leader Chuck Schumer. Al Drago/Bloomberg A Federal Reserve official made the case for protecting central bank independence from electoral politics. In a speech delivered at an economic conference in Uruguay on Thursday morning, Fed Gov. Adriana Kugler said central banks around the world, including the Fed
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