Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. CVC is preparing to announce its intention to float in Amsterdam as soon as next week in a mood-defying move by Europe’s largest private equity group. The firm, which has €161bn under management, was valued
admin
Within hours of a deadly explosion at a Gaza hospital on Tuesday, Palestinian president Mahmoud Abbas abruptly cancelled a meeting with Joe Biden in Jordan to rush home and accuse Israeli forces of being behind the carnage. But when Palestinians rallied in the occupied West Bank that evening to voice their anger at the killings
A mountain chalet built in 1942 for an early backer of one of California’s oldest ski resorts has come on the market for the first time. The three-story family home at Sugar Bowl Ski Resort near Lake Tahoe played a pivotal role in gathering early ski enthusiasts who were committed to bringing skiing to the
Federal Reserve Governor Christopher Waller said the U.S. central bank can wait and gather more data before deciding if the economy needs further monetary restraint, signaling that he favors holding interest rates steady when officials meet in two weeks. “I believe we can wait, watch and see how the economy evolves before making definitive moves
The Oklahoma Turnpike Authority took on a tough market Tuesday when it sold $500 million of bonds in its inaugural issuance of debt for a controversial expansion program, but the issuer said the deal was met with good demand. Underwriters led by RBC Capital Markets, priced 5% coupon second senior revenue bonds, serials 2035-2043, with
Bitcoin (BTC) price continues to show strength this week by hitting an intra-day high at $28,516 even as macroeconomic headwinds in the United States continue to weigh on investor sentiment. It’s possible that a certain degree of BTC’s price stability can be attributed to increasing institutional activity and positive institutional investor interest in Bitcoin. On
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The US House of Representatives remained without a Speaker late Wednesday, after Jim Jordan failed in his second attempt to seize the gavel in the face of opposition from 22 members of his
In recent studies, we have analyzed and zeroed-in on the richest cities in a number of states of the U.S. South, including Alabama, Florida, and Georgia. We determined the wealthiest cities in each case based on scoring several key financial factors. This time around, we’re looking at another state, one that straddles the South and
JB Reed | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000. The milestone came as bond yields soar to levels not seen since 2007. Mortgage rates follow loosely the yield on the 10-year
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty Images Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next year. The AIA/Deltek Architecture Billings Index dropped to 44.8 in
The explosion that ripped through the car park of the Al-Ahli Arab hospital in Gaza on Tuesday evening, killing a large number of the civilians sheltering there, is already seared into the mind of Samer Tarzi. The 50 year-old was one of the volunteers who combed the bloodstained parking lot for human remains the day
The Biscayne Bay economic study for 2023 shows the impact of Bay-related activities generated $64 billion for the South Florida region’s economy. The study released by Miami-Dade County Monday provides an update from the original 2005 analysis, which had estimated the Bay’s economic output at $12.8 billion. Biscayne Bay is pictured. In 2022, 119.8 million
The Municipal Securities Rulemaking Board will vote to approve three market activity fees and one municipal advisor professional fee at its upcoming board meeting set to take place Oct. 25-26. The MSRB’s annual rate card process adjusts its municipal advisor fee, underwriting fee, transaction fee and trade count fee to levels it anticipates will be
Bitcoin (BTC) is up over 70% so far in 2023, helped by a banking crisis and hopes about a spot BTC exchange-traded fund (ETF) approval in the United States. BTC/USD daily price chart. Source: TradingView So, will Bitcoin price continue to climb for the rest of 2023? Cointelegraph takes a look at its chances and
Rental apartment buildings are bought and sold regularly. To try to promote affordable housing, some jurisdictions have enacted legislation to give government authorities, nonprofit entities, or tenants to have a “right of first refusal” whenever a rental apartment building is about to trade. Rather than allow an evil capitalistic landlord to buy the building, a
During the great housing bubble and crash of the late-2000s, much of the Sunshine Star State experienced the worst effects. Florida was one of the states most impacted by the real estate bubble. And its subsequent crash left Florida housing markets picking up the pieces for years. Nearly two decades later, the pandemic helped induce
Mesa will head to the municipal bond market in November with up to $295 million in two deals, which will mark the largest debt issues sold by the Arizona city. The as much as $90 million of general obligation bonds and $205 million of utility systems revenue obligations were unanimously approved Monday by the city
The new bank probe by Texas Attorney General Ken Paxton is one of his first major actions since his return to the AG’s office after facing impeachment proceedings earlier this year. Texas Attorney General Ken Paxton’s office said it’s reviewing whether 10 financial companies, including Bank of America and JPMorgan Chase, violate a Republican-backed state
The generous way to read today’s Republican party is that it wants to kill a dragon that can no longer be tamed. The dragon is the US federal government; the Republican weapons of choice are shutdowns and debt defaults. A less generous take is that Republicans are members of a personality cult that aims to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s main opposition party has called for an investigation of the country’s Adani Group over allegations reported by the Financial Times that the conglomerate appeared to have inflated the cost of imported coal. Rahul Gandhi,
The United Kingdom has emerged as a major cryptocurrency economy worldwide and the biggest crypto country in terms of raw transaction volume in Central, Northern and Western Europe (CNWE), according to a new study. The blockchain analytics firm Chainalysis on Oct. 18 released two new chapters of its 2023 Geography of Cryptocurrency report, including its