The muni market may be several years away from fully integrating artificial intelligence, but firms are taking small steps already. “AI is a big deal if you want to personalize your approach, differentiate your products,” James Pruskowski, chief investment officer of 16Rock Asset Management, said during MuniTech NYC, a conference hosted by Munichain and Spline
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Stay informed with free updates Simply sign up to the Retail sector myFT Digest — delivered directly to your inbox. Just as Dame Sharon White is breaking up with the John Lewis Partnership, many of its once-loyal customers have already left the brand. The shortest-reigning chair in the partnership’s history announced this week she would
Our well-informed readers are likely aware that on October 2, WeWork withheld interest payments due on five senior secured notes totaling approximately $95 million. In an 8-K report, WeWork stated that it has a 30-day grace period to make the payments before an event of default, that it has the liquidity to make the interest
Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets. BTC/USD 1-hour chart. Source: TradingView Analysis: Jobs data “not what Fed wanted to see” Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in
Stay informed with free updates Simply sign up to the The FT View myFT Digest — delivered directly to your inbox. Now that interest rates are at, or near, their peak, attention has turned to how long they will stay elevated. Central bankers, wary of being complacent on inflation, have united behind a mantra of
The rise of Ethereum staking since major network upgrades, Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said. JPMorgan’s analysts led by senior managing director Nikolaos Panigirtzoglou issued a new investor note on Oct. 5, warning about the risks stemming from Ethereum’s growing
Stay informed with free updates Simply sign up to the Lex myFT Digest — delivered directly to your inbox. Metro Bank’s first London branch opened with an unlikely combination of polished marble, chrome and free lollipops in 2010. Investors have since been left with a sour taste for its shares, down 98 per cent since
Stay informed with free updates Simply sign up to the US employment myFT Digest — delivered directly to your inbox. The US added 336,000 new jobs in September, far more than expected, pushing bond yields to a new 16-year high and fuelling investors’ anxieties that interest rates will stay higher for longer. The Bureau of
Our weekly roundup of news from East Asia curates the industry’s most important developments. 3AC creditors strike back On Sept. 29, Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC) — which prior to its collapse last June managed more than $10 billion in digital assets — was apprehended at Singapore’s Changi
Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has secured major regulatory approval in the United Kingdom. The company announced on Oct. 6 that it has received approval from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money
In this article APLS RMD PXD LEVI PHIA-NL PHG TSLA AEHR XOM Follow your favorite stocksCREATE FREE ACCOUNT Justin Sullivan | Getty Images Check out the companies making the biggest moves in premarket trading: Pioneer Natural Resources — The energy stock soared nearly 10% in premarket trading after The Wall Street Journal reported Pioneer was
A year after it was launched, the U.S. Conference of Mayor’s public-private partnership task force held its inaugural roundtable conference this week in Atlanta. “Our first public-private partnerships council meeting laid the groundwork for our objectives in the years to come,” said Atlanta Mayor Andre Dickens, who was tapped last year to head up the council.
Stay informed with free updates Simply sign up to the Financial fraud myFT Digest — delivered directly to your inbox. For Peter Pan, the boy who lived in a “world made of faith and trust and pixie dust” in JM Barrie’s novel, “make-believe and true were exactly the same thing”. That made him the ideal
Britain has never had a female chancellor of the exchequer, but that will change next year if the Labour party wins the next general election. In this scenario, it would be Rachel Reeves walking through the doors of the Treasury and taking charge of all fiscal and economic decisions for an incoming government. For now,
Major global cryptocurrency exchange Binance has reportedly continued to lose its market share amid ongoing regulatory issues in the United States. Binance’s spot market share fell for a seventh consecutive month in September 2023, Bloomberg reported on Oct. 5, citing analysis from cryptocurrency data provider CCData According to the report, Binance’s spot market share dropped
As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed. Hong Kong has not adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), which means retail investors are not allowed to trade those assets, according to Hong Kong’s
Bitcoin (BTC) eased volatility into Oct. 6 as BTC price downside preparations returned. BTC/USD 1-hour chart. Source: TradingView Bitcoin keeps liquidations limited amid long, sh “squeeze” Data from Cointelegraph Markets Pro and TradingView covered a flatter 24 hours for BTC/USD after a failed retest of $28,000. After lingering in a narrow range around 1.5% lower,
Stay informed with free updates Simply sign up to the Labour Party UK myFT Digest — delivered directly to your inbox. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Labour has won the Rutherglen by-election, exceeding
Stay informed with free updates Simply sign up to the Exxon Mobil Corp myFT Digest — delivered directly to your inbox. ExxonMobil is in talks to buy Pioneer Natural Resources in what would be the oil major’s biggest acquisition in more than two decades, according to people familiar with the matter. Exxon’s targeting of Pioneer,
Stay informed with free updates Simply sign up to the Personal Finance myFT Digest — delivered directly to your inbox. Who would have believed that one of the most useful aphorisms in the history of investing would have come from Donald Trump’s fraud trial in New York’s supreme court this week? “There are many ways
Receive free Data Points updates We’ll send you a myFT Daily Digest email rounding up the latest Data Points news every morning. If you’ve spent any time online in the past few years, you’ll be familiar with the idea that millennials and baby boomers are locked in a ferocious civil war. Boomers are selfish and