Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK government is set to soon unveil plans for a new investment vehicle overseen by the state that is intended to turbocharge pensions funds’ investments in high-growth private companies. Chancellor Jeremy Hunt is expected
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two weeks after Hamas’s horrific attack on Israel, the Middle East is on the edge of an abyss. As Israeli forces prepare for an expected land assault on Gaza to crush the militant group, the
Federal Reserve Bank of Cleveland President Loretta Mester said the U.S. central bank is close to wrapping up its aggressive tightening campaign if the economy evolves as expected. “Regardless of the decision made at our next meeting, if the economy evolves as anticipated, in my view, we are likely near or at a holding point
Recent Securities and Exchange Commission enforcement actions signal that regulators are widening their net to charge more types of municipal market participants as so-called gatekeepers against misconduct. So said panelists Thursday at the National Association of Bond Lawyer’s annual conference in Chicago. The SEC’s enforcement division and Public Finance Abuse Unit activities are “reaching all
Federal Reserve policy makers risk slamming the brakes too hard on the economy by reacting aggressively to each data point that comes in, said Mohamed El-Erian, the chief economic adviser at Allianz SE. They should, he said, establish a longer-term vision for where interest-rate policy is heading. “You cannot drive a car without some understanding
The two distinct residential developments of Guoco Midtown offer an exciting blueprint for modern, integrated urban living. Imagine walking through a verdant forest in the heart of a bustling city, where the soothing ambience of nature offers a welcome retreat from the stresses of urban life. This alluring contrast is the essence of Midtown Modern,
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday, causing a ripple effect that could raise rates on mortgages, student debt, auto loans and more. After Federal Reserve Chair Jerome Powell said ”inflation is still too high,” expectations that the U.S.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour’s spectacular wins in two by-elections have allowed party insiders to dare to dream they are now on track not only to win the next UK general election but to sweep to victory with a
When Joe Biden embarked on his maiden trip to the Middle East as president last year, he lauded the fact that it was the first time since the September 11 2001 attacks that a US leader was visiting the region without American troops engaged in combat missions. He also sought to reset Washington’s ties with
Two houses, a separate workshop building, five acres and six ski resorts under an hour away. This immaculate gated compound in Loomis, set near the foothills of the Sierra Nevada Mountains about 30 minutes from Sacramento, is chock full of amenities, private and ideal for multigenerational living. The gated compound sits on five scenic acres
The Power Authority of the State of New York is heading into the municipal bond market next week with a $750.975 million issuance of green bonds. Goldman Sachs as senior manager is set to price the Series 2023A tax-exempt transmission project green revenue bonds on Tuesday after a one-day retail order period. Smart Path Connect is a part
Bitcoin (BTC) rose above $30,000 on Oct. 20, indicating that the path of least resistance is to the upside. Grayscale Investments filing a new application with the United States Securities and Exchanges Commission for a new spot Bitcoin ETF may have acted as a bullish trigger. In another positive news for the cryptocurrency space, the
Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Regional banks suffered a steep sell-off Friday after a number of weak quarterly earnings reports highlighting the negative impact from higher interest rates soured investor sentiment toward the industry. The SPDR
The stalemate that has stymied Congress via the House’s inability to pick a new Speaker has turned months of slow progress on several muni-related legislation to a full stop, though two key agency reauthorizations and a backlog of appropriations could force things to start moving forward soon. “A lot of these priority items are bottlenecking,
It looks as though Wall Street has given up on residential real estate. In 2021 and 2022, investor enthusiasm seemed to know no bounds. They poured billions into the area, eager to cash in on soaring rents. According to John Burns Research & Consulting, large landlords at the height of that boom bought almost 2.5%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jim Jordan, the hardline Republican congressman from Ohio, was poised to lose a third vote to be Speaker of the House of Representatives on Friday, paralysing the lower chamber and raising doubts about Congress’s ability
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The name of Tamworth burst in on the public imagination in the late 1990s with the compelling tale of two small piglets of that breed who made a break for it, hoping to escape the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European capitals are scrambling to avoid a clash with Middle Eastern powers over the Israel-Hamas war, sparked by a peace summit in Cairo on Saturday that risks exposing stark divisions over the conflict. Egypt’s president
Former U.S. President Donald Trump attends a Manhattan courthouse trial in a civil fraud case in New York, U.S., October 18, 2023. Doug Mills | Reuters A judge laced into Donald Trump on Friday, floating the possibility of heavy sanctions or even jail time against the former president, over a “blatant violation” of a partial
New York’s Legislature has passed a piece of legislation that would, if signed by the governor, publicly disclose the names of every real estate or other investor who plays a substantial role in any limited liability company that does business in New York. The Legislature took inspiration from the federal Corporate Transparency Act passed a
A self-proclaimed jack of all trades and master of none, OSF has become a prolific figure in the nonfungible token world in just over two years, trading his former life at Barclay’s to focus full-time on Web3, his digital art pursuits, his PFP project Rekt Guy and living the life of a degen collector. The