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US President Joe Biden has told donors he may not be seeking re-election if Donald Trump wasn’t in the White House race, highlighting how opposition to the former Republican president is the main motivating factor behind his 2024 campaign. “If Trump wasn’t running I’m not sure I’d be running,” Biden said at a Democratic party
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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Elon Musk’s artificial intelligence start-up xAI is looking to raise $1bn in equity, according to a filing with the US securities regulator, as the billionaire races to challenge rivals such as OpenAI in the fast-growing
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The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization. Despite
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Boris Johnson will be forced to revisit and explain how his government responded to coronavirus on Wednesday as he appears before the UK’s official inquiry into the pandemic. The chaos at the heart of Britain’s handling of Covid-19 has been laid bare in recent weeks, with testimonies describing a “toxic” culture in Downing Street and
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Gov. Ron DeSantis announced his “Focus on Florida’s Future” budget proposal for fiscal 2024–2025 totals $114.4 billion, down $4.6 billion from the current fiscal year’s budget. Tuesday’s budget proposal keeps $16.3 billion in reserves while paying down an additional $455 million in debt and providing $1.1 billion in tax relief. Gov. Ron DeSantis, 2024 Republican
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Municipals improved amid a large new-issue slate pricing in the primary while U.S. Treasuries were back in the black and equities were mixed throughout the day. Triple-A yields fell three to four basis points, depending on the scale, while USTs saw the largest gains out long. The primary market is robust this week, with several
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A proposed crude oil-transporting Utah railway project, which would be financed with private-activity bonds, will officially lose key federal approval next week, following another legal setback this week. The District of Columbia-based U.S. Appeals Court on Monday denied a request by the Uinta Basin Railway and Utah’s Seven County Infrastructure Coalition for a full court
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South Carolina has removed the Walt Disney Co. from its list of approved investments, State Treasurer Curtis Loftis said Tuesday. Loftis’ office said its portfolio contains $105 million of Disney debt securities that will mature as scheduled and will not be replaced. “Disney has abandoned its fiduciary responsibilities to its investors and customers,” said South
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