Fulcrum BioEnergy, a clean-fuels pioneer that raised more than $1 billion to turn household waste into lower-emitting fuels for planes and trucks, is in danger of going under. The company, which had issued hundreds of millions of dollars in municipal bonds, recently laid off nearly all of its staff of about 100 and halted most
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Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Cathie Wood’s ARK Invest has taken a stake in Elon Musk’s startup xAI as she deepens her big bet on artificial intelligence. ARK Venture
The owner of a municipal-bond financed nitrogen fertilizer plant in Lee County, Iowa, is trying to sell the plant to one of its largest competitors, Koch Industries. The Iowa Fertilizer Company plant was built from 2012 to 2017 near the unincorporated community of Wever. Helping to kick off construction were $1.194 billion of tax-exempt private
Separately managed accounts have grown rapidly following the financial crisis, partly buoyed by greater adoption of electronic trading. SMAs may hold as much as $1.5 trillion of munis, according to some market participants, while others peg it closer to $1 trillion to $1.3 trillion. Regardless of the total, this is up exponentially from the $100
Meta boss Mark Zuckerberg faces a potential revolt at the companys annual meeting on Wednesday as shareholders push the Big Tech firm to step up transparency regarding its efforts to protect kids online. A group led by Lisette Cooper, vice chair of the Franklin Templeton subsidiary Fiduciary Trust International and the parent of a child
The Rafah massacre came just two days after the International Court of Justice ordered Israel to immediately stop its assault on Rafah.
Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall Street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple,
Melinda French Gates took a thinly veiled shot at former husband Bill Gates — lamenting a frustrating and shortsighted lack of charitable support for womens rights in an incendiary essay Tuesday. French Gates — who received $12.5 billon after her shock exit last month from the Bill and Melinda Gates Foundation — said her new
step forward — Neuralink rival sets brain-chip record with 4,096 electrodes on human brain Precision expects its minimally invasive brain implant to hit the market next year. Beth Mole – May 28, 2024 9:41 pm UTC Enlarge / Each of Precision’s microelectrode arrays comprises 1,024 electrodes ranging in diameter from 50 to 380 microns, connected
Steve Cohens Mets are losers and so is apparently his Queens casino bid, at least for now. State Sen. Jessica Ramos who represents the Flushing-Corona area where Cohen wants to erect an $8 billion “Metropolitan Park” casino-entertainment complex says she will not introduce legislation allowing the billionaire clubhouse owner to obtain a permit needed for
Melinda French Gates took a thinly veiled shot at former husband Bill Gates — lamenting a frustrating and shortsighted lack of charitable support for womens rights in an incendiary essay Tuesday. French Gates — who received $12.5 billon after her shock exit last month from the Bill and Melinda Gates Foundation — said her new
step forward — Neuralink rival sets brain-chip record with 4,096 electrodes on human brain Precision expects its minimally invasive brain implant to hit the market next year. Beth Mole – May 28, 2024 9:41 pm UTC Enlarge / Each of Precision’s microelectrode arrays comprises 1,024 electrodes ranging in diameter from 50 to 380 microns, connected
Steve Cohens Mets are losers and so is apparently his Queens casino bid, at least for now. State Sen. Jessica Ramos who represents the Flushing-Corona area where Cohen wants to erect an $8 billion “Metropolitan Park” casino-entertainment complex says she will not introduce legislation allowing the billionaire clubhouse owner to obtain a permit needed for
Standard Digital Weekend Print + Standard Digital wasnow $75 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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. First a confession. When news dribbled out at the weekend that Rishi Sunak was proposing a return to compulsory national service, my mind went immediately to a scene in a political satire where Conservatives sit
A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty Images After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what had been several weeks of strengthening mortgage demand. The average contract interest rate for
Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. 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
Standard Digital Weekend Print + Standard Digital wasnow 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+
Standard Digital Weekend Print + Standard Digital wasnow 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+
Standard Digital Weekend Print + Standard Digital wasnow 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+
Standard Digital Weekend Print + Standard Digital wasnow 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+