Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Economists believe the US jobs market weakened in December, bolstering the case for the Federal Reserve to consider cutting interest rates. A poll by Reuters showed economists, on average, predict data published on Friday will
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Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Stocks and bonds fell on Friday, deepening one of the worst starts to the year in the past decade for global markets as recent hopes that interest rates will soon be cut have dimmed in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurozone inflation rose to 2.9 per cent in December, reversing six months of consecutive falls and raising questions over how soon the European Central Bank will start cutting interest rates. The annual rise of consumer
Stay informed with free updates Simply sign up to the Trade disputes myFT Digest — delivered directly to your inbox. China has launched a new investigation into French brandy imports, escalating a trade spat between Beijing and Brussels. Officials at the commerce ministry said its anti-dumping probe into brandy imported from the European Union followed
Stay informed with free updates Simply sign up to the EU energy myFT Digest — delivered directly to your inbox. EU imports of Russian liquefied natural gas dropped slightly last year after a surge in 2022, as confidence is growing that the bloc can finally rid itself of fossil fuel imports from Russia. Policymakers in
Rishi Sunak may have shunned the opportunity of a big speech to kick off an election year, but he nonetheless managed to eclipse Sir Keir Starmer’s set-piece January address this week. The UK prime minister’s studiedly offhand remarks about the timing of a general election, made on the fringes of a visit to a youth
A day after a senior Hamas leader was killed in a suspected Israeli drone strike in Beirut, the influential Hizbollah leader Hassan Nasrallah delivered a highly anticipated televised address. For most of the 80-minute speech on Wednesday, Nasrallah trod familiar ground, berating Israel for its ferocious bombardment of Gaza and the US for offering unbridled
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The industrial revolution was one of the most important events in human history. Over a handful of decades, technological breakthroughs kicked economic output off its centuries-long low plateau and sent populations, living standards and life
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If you are reading this, congratulations, you have won a sort of lottery. About 700mn people around the world survive on less than $2.15 a day, the World Bank’s poverty line. That is less than
Forecasting the economic and financial outlook for the coming year is always difficult. In 2020, the surprise came in the form of a global pandemic; in 2022, it was Russia’s invasion of Ukraine. For 2024, the known unknowns come in two categories: economics and politics. The likely good news comes in the form of falling
Wang Ya-june didn’t think much of the town where she washed up in the autumn of 1949. When she stepped off a Chinese Nationalist warship laden with refugees and injured and dead soldiers in Keelung on that rainy day, the port on the northern tip of Taiwan was just another Chinese city to her, just
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour explored a move to impose sales tax retroactively on private school fees to stop parents avoiding the levy by paying for years of education upfront, according to people briefed on internal discussions. Some wealthier
© Reuters Israel’s defence minister said there should be “no Israeli civilian presence” in Gaza when its war with Hamas is over, as he set out his vision for the next phases of the conflict and its aftermath. In a document released on Thursday night, shortly before Israel’s war cabinet was due to discuss the
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The share of electric cars sold in the UK fell for the first time last year, casting doubt over whether manufacturers will meet binding new green targets and prompting industry calls for tax cuts. Electric
Municipals were weaker Thursday while municipal bond mutual funds reported outflows to start the year. U.S. Treasury yields rose and equities ended mixed. Triple-A yield curves were cut up to four basis points, depending on the scale, while UST yields rose seven to nine basis points. The two-year muni-to-Treasury ratio Thursday was at 56%, the
Bonds used to buy eight senior living properties in Michigan and Ohio are likely to default within six months, S&P Global Ratings said. On Dec. 21, S&P placed bonds issued for Great Lakes Senior Living Communities LLC — already rated deep in the speculative grades at CCC-minus — on CreditWatch with negative implications. The bonds
Blaylock Van, a Black-owned banking firm, continues to expand its muni efforts by hiring the tax-exempt muni sales and trading team from Seaport Global, a privately held capital markets firm. The three executives, Kudzai Jones, Jason Carpenter and PJ Richardson, set to start in January, bring Blaylock Van’s muni team up to 20 employees, said
The Office of Management and Budget would be required to disclose any infrastructure projects that are more than $1 billion over budget or more than five years behind schedule under a bill that has passed a Senate committee. A companion bill in the House has been introduced in two committees. The Senate Committee on Homeland
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The jihadist group Isis has claimed responsibility for two bombings in southern Iran on Wednesday that killed almost 100 people in the deadliest attack in the Islamic republic for decades. The statement, which was posted
The Municipal Securities Rulemaking Board’s new rate card model is coming under fire by broker-dealer and municipal advisor groups for what those groups see as a lack of transparency, vague budget commitments and a warped process that sets spending plans before revenue for those targets has been met. The MSRB’s rate card model is new
Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance. The AQR Absolute Return strategy, which was created in 1998, benefited the most from profitable picks among value stocks in 2023, according