Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When I visited my nearest hipster pub in east London this week, there was no sign of the great Guinness shortage. Despite stories of pubs having to ration the newly fashionable Irish stout, the barman
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On January 20 2021, Donald Trump boarded Air Force One for what most people assumed was the last time. He was going back to Palm Beach. A fortnight earlier he had helped goad a mob assault on Capitol Hill — the first attack on America’s legislature since it was set on fire by British troops
Donald Trump is still weeks away from taking the oath of office, but the president-elect’s vow to enact a sweeping policy overhaul is already looming large over the Federal Reserve. The Fed trimmed interest rates by a quarter of a percentage point on Wednesday in its third consecutive reduction, but officials’ projections for half as
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
<img src=”https://public.flourish.studio/visualisation/20863349/thumbnail” width=”100%” alt=”chart visualization” /> Municipals lost more ground Wednesday, but outperformed a selloff in the U.S. Treasury market, after the Federal Open Market Committee signaled fewer rate cuts on the horizon, with a likely pause in January. Equities also sold off, with the Dow Jones Industrial Average hitting a 10-day losing streak, the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Conservative shadow minister Andrew Griffith has urged Elon Musk to take another look at the Tories before donating to Reform UK, highlighting his party’s low-tax and anti-woke credentials. The tech billionaire discussed the idea of
Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team. PFM Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team. McDermott is the latest veteran of Philadelphia’s finance department to join PFM, part of the firm’s ongoing strategy to
The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third rate cut in a row — all together shaving a full percentage point off the federal funds rate since September. For consumers struggling under the weight of high borrowing costs after
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point but signalled a slower pace of easing next year, sending the dollar higher and US stocks lower. The Federal
Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will next month head a delegation of leading bankers to Beijing to seek closer ties across a range of financial services, while quietly sidelining security fears over the UK-China relationship. The chancellor has
After the Pinellas County Commission approved bonds to help fu nda replacement for Tropicana Field, the team resurfaced a demand for more money, which had previously been rejected.Bloomberg News After the Pinellas County Commission approved $312 million of bonds to help finance construction of a professional baseball stadium, an old obstacle to the deal reappeared,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigel Farage has confirmed he is in talks with Elon Musk about the tech billionaire making a donation to his populist Reform UK party. Loopholes in British electoral law mean such a donation could be
“The RFK Stadium bill is a win-win for the federal and D.C. governments,” said Congresswoman Eleanor Holmes Norton. ”It would allow D.C. to transform the crumbling, long-vacant campus from acres of asphalt to a complex focused on community sports, recreation, park space and cultural amenities. Additionally, this bill would allow D.C. to create a mixed-used development
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Worries over the stagnating UK economy and accelerating inflation are unnerving investors, pushing borrowing costs to their biggest premium over German debt yields since 1990. The spread between the two countries’ bonds has risen above
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Washington Gov. Jay Inslee introduced a 2025-27 biennium budget proposal Tuesday he says will need to account for billions in increased costs due to inflation.Washington office of the governor Washington Gov. Jay Inslee released a proposed balanced, belt-tightening, biennium budget for 2025-27 in response to $12.6 billion in increased costs to the state due to
“I think the update does try to capture some of the new trends and how the industry has evolved,” said Dan Aschenbach, owner of AGVP Advisory and an author of a new NFMA paper on recommended best practices in disclosure for public power agencies and utilities.Dan Aschenbach Investors in public power bonds are looking for
Eyecrave Productions | E+ | Getty Images Buying a house is not easy or cheap, especially in today’s market. But while it’s too soon to tell whether the housing market is going to favor buyers or sellers next year, some areas will offer more favorable market conditions than others, according to a new report by
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer directs the Center on the US and Europe at the Brookings Institution European capitals are contemplating the return of Donald Trump on January 20 with a degree of unease. The US
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