Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. UK ministers are drawing up plans to subsidise electric car purchases by guaranteeing consumer loans, as they look at ways to drive up sales that remain stubbornly below official targets. The government has opened private
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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A frantic sell-off of energy and infrastructure shares this week after advances in artificial intelligence by Chinese start-up DeepSeek shows how little is understood about the power demands of AI, the International Energy Agency has
The Office of Budget and Management has ordered federal agencies to pause the disbursement of federal funds while it determines whether the funding compliance with a raft of executive orders signed by President Donald Trump. Al Drago/Bloomberg The White House Tuesday sought to mollify concerns and confusion about a Monday night memo that appeared to
<img src=”https://public.flourish.studio/visualisation/21361104/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday ahead of the Federal Open Market Committee meeting as U.S. Treasury yields were little changed and equities ended up. This year may see higher levels of volatility due to the uncertainty about forthcoming policies from President Donald Trump’s administration, said BlackRock strategists. “An emphasis on
Sean Duffy, former Republican Representative from Wisconsin and Fox News host, easily won Senate confirmation as the next US secretary of the transportation. Kent Nishimura/Bloomberg The Senate Tuesday confirmed Sean Duffy, former U.S. Republican Representative from Wisconsin and Fox News host, as head of the U.S. Department of Transportation. Duffy was confirmed by a vote
Emily Brock, director of the federal liaison office of the GFOA. Donna Alberico The municipal market’s advocates are responding to the threat of canceling the tax exempt status off municipal bonds with a multi-pronged approach that includes Capitol Hill visits and a letter sent to both houses of Congress by the Government Finance Officers Association. “Elimination of the
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US federal agencies are set to freeze the payment of hundreds of billions of dollars of domestic federal grants and loans on Tuesday in President Donald Trump’s latest aggressive move to slash and
Enjoy complimentary access to top ideas and insights — selected by our editors. Orrick Herrington & Sutcliffe retained its first-place ranking as the top bond counsel. The top 10 saw some movements in 2024, with Greenberg Traurig and Chapman and Culter entering the top 10, while Gilmore & Bell and Bracewell were bumped to the
The Iredell County Commission approved bonds totaling $124 million. The Iredell County, North Carolina, Commission approved $124 million of general obligation and limited obligation bonds, with proceeds used to build a high school, but the bonds still need approval from the state. The commission by a 5-0 vote agreed to sell GOs — expected to
Oklahoma Turnpike Authority Executive Director Joe Echelle said meetings will be held in February with sponsors of bills that seek legislative approval for toll hikes, a cap on outstanding bonds, and other matters.Oklahoma Turnpike Authority The Oklahoma Turnpike Authority will head to market this week with its biggest-ever revenue bond sale to continue financing a
PFM’s newly minted managing directors, Hope Scarpinato and Gregory Butler.PFM PFM has promoted two employees to more senior roles. Margaret “Hope” Scarpinato and Gregory C. Butler have been promoted to managing directors. Both have worked at PFM for more than a decade. The new positions, effective Jan. 1, are part of the firm’s annual promotion
“I believe our nation’s highest court will agree that denying St. Isidore’s charter based solely on its religious affiliation is flat-out unconstitutional,” Oklahoma Gov. Kevin Stitt said.Oklahoma Governor’s Office The fate of the nation’s first state-funded religious charter school is now in the hands of the U.S. Supreme Court. The high court on Friday agreed
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT CFOTO | Future Publishing | Getty Images Retail investors rushed into Nvidia on Monday, signaling Main Street support for the chipmaker despite the emergence of an artificial intelligence model from China that battered its shares and caused a historic, $600 billion loss in market value.
Dave Sanchez, director of the Office of Municipal Securities at the U.S. Securities and Exchange Commission.Donna Aberico Unregistered municipal advisory activity in the public-private partnership space as well as insufficient oversight by state and local governments of joint powers authorities they create are persistent concerns for the Securities and Exchange Commission, the director of the
“There are a lot of moving parts here with the potential to either help or hinder the Fed’s quest for price stability and maximum employment,” said BMO Deputy Chief Economist Michael Gregory. The Federal Open Market Committee will keep rates in a range between 4.25% and 4.50% at its January meeting, analysts agree, with political
On-chain data shows a Dogecoin whale has withdrawn a large sum from the cryptocurrency exchange Binance, a sign that may be bullish for the DOGE price. According to data from the cryptocurrency transaction tracker service Whale Alert, a massive transaction has been spotted on the Dogecoin blockchain during the past day. The transfer in question
Federal authorities descended on the Big Apple early Tuesday morning to carry out their first major deportation raids in the city as part of President Trumps crackdown on illegal immigration. The Drug Enforcement Administration confirmed early Tuesday that it was working with the Justice Department and “other federal law enforcement partners are assisting DHS with
US chip giant Nvidia suffered a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector — and the rout cost its CEO Jensen Huang more than $20 billion in a single day. DeepSeek said it built its new AI model in just two months for less than $6 million a fraction of
Wall Street and Silicon Valley got clobbered on Monday over rising fears about DeepSeek a Chinese artificial intelligence startup that claims to have developed an advanced model at a fraction of the cost of its US counterparts. Shares of Nvidia and other major tech giants shed more than $1 trillion in market value as investors
A top real estate executive warned that California is facing an unprecedented “triple threat” with rising house prices, interest rates and insurance rates as it embarks on a critical rebuilding phase after the Los Angeles fires. Over the past few years, California has been hit with a growing insurance crisis as major carriers pulled out
Goldman Sachs staffers are griping about getting paltry bonuses — despite a massive raise given to CEO David Solomon after the bank posted its best earnings in three years, The Post has learned. Rank and file at the Wall Street giant fumed that end-of-year payouts, revealed internally two weeks ago, looked chintzy following a much-hyped
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