After 45 days of devastating war, Israel and Hamas have agreed a hostage deal and a pause in hostilities, marking the most significant diplomatic breakthrough of the bloody conflict. The agreement was finalised early on Wednesday after weeks of complex negotiations brokered by Qatar, with input from the US and Egypt. It is expected to
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11/22/2023, 3:51:45 AM South Korea suspends military agreement with Pyongyang after North launches spy satellite Christian Davies in Seoul South Korea will partially suspend a 2018 military agreement with its northern counterpart that sought to reduce the risk of armed conflict, after Pyongyang said it had “successfully” launched a military spy satellite into orbit for
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is “built
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Binance chief executive Changpeng Zhao has resigned and pleaded guilty to a US criminal charge of failure to protect against money laundering after federal prosecutors unveiled a sweeping case against the world’s largest cryptocurrency exchange.
Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to one felony charge as part of a settlement over
CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States. Bromberg — also CEO of payments-focused wallet app Beam — told Cointelegraph: “If a Bitcoin ETF
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt will on Wednesday put a £9bn permanent tax break for business at the heart of his Autumn Statement, as the UK chancellor attempts to jolt Britain’s sluggish economy back to life. Facing forecasts
Municipals were firmer Tuesday as U.S. Treasury yields fell slightly, following the release of the Federal Open Market Committee meeting minutes that said officials will remain cautious about future interest rate hikes. Equities ended down. Muni triple-A yield curves were bumped two to six basis points Tuesday, depending on the curve, as municipals continued to
The current municipal rally has led to an increase in tax loss harvesting as more investors leverage the strength and pre-holiday liquidity to consider repositioning their portfolios. This year has seen an increase in and an earlier start to tax loss harvesting after rapidly rising, and then subsequently falling, interest rates and stronger equity market
Binance has named its head of regional markets outside of the U.S., Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and plead guilty to charges levied against him by the U.S. Department of Justice. Today, I stepped down as CEO of Binance. Admittedly, it
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI’s directors are in talks with Sam Altman to allow him to re-join the board, four days after their decision to sack him plunged the generative artificial intelligence start-up into turmoil. A deal to unify
The existing farm bill, a multiyear, omnibus keystone-sized chunk of legislation was extended via the latest continuing resolution, but aggie bond watchers are hoping a fresh rewrite of the measure will include passing the Modernizing Agricultural and Manufacturing Bonds Act. MAMBA would increase the limitation on small issue bond proceeds for first-time farmers and triple
Michael Robinson has written three books since he left the British Army in 2004. But he has also spent three years in a psychiatric hospital and lives with schizoaffective disorder — a condition that he says leaves him unable to cope with work and reliant on “a cocktail of drugs”. The 47-year-old fears that a
BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO
The deadline for changes to bond purchase agreements in Texas as part of a crackdown on compliance with two state laws prohibiting governmental contracts with banks and others that “boycott” or “discriminate” against the fossil fuel or firearm industries has been extended to mid-December. Texas Attorney General Ken Paxton’s office announced last week that changes
Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. France has signalled that it wants to delay the introduction of tariffs on electric vehicle sales between the UK and EU, removing a big obstacle to a new deal over the levy due to come
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. There is a longstanding jibe that IMF stands not for International Monetary Fund, but rather for “it’s mostly fiscal”. That epithet has seemed less generally apposite for a while. Of course, the fund has continued
Illinois’ rainy-day fund crossed the $2 billion threshold for the first time, following an $11.5 million deposit, the state comptroller’s office announced Monday. The fund has grown in size in recent years and now, at $2.005 billion, has enough money to run the sixth largest state for about 15 days compared to 2017 when it
Joe Biden said Israel and Hamas were “very close” to a deal that is expected to free dozens of the civilian hostages held in Gaza in return for a pause in hostilities and the release of Palestinian women and children held in Israeli prisons. Speaking at the White House on Tuesday morning, the US president
A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks. But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Securities and Exchange Commission (SEC), it
“There is simply no ambiguity in my mind,” said Judge David R Jones as he made a ruling last May in the bankruptcy case of Serta Simmons Bedding, a large, private equity-backed mattress company. “And I appreciate that perhaps a different court reached a different conclusion but, again, I sit in with these matters every