Wall Street is betting the US dollar will make further gains after its recent storming rally, even hitting parity with the euro, in a challenge to President-elect Donald Trump’s stated desire for a weaker currency. The dollar has soared 6.1 per cent since the start of October, its best quarter since the early stages of
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Disney’s $15mn defamation payout to Donald Trump has set a dangerous precedent for media freedom, said legal experts and news executives, as the incoming president threatens to “straighten out” the “corrupt” press. Disney-owned ABC News last week agreed to pay Trump the huge sum to settle a defamation suit he brought in March after star
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<img src=”https://public.flourish.studio/visualisation/20820063/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady but with a slightly weaker tone Monday as U.S. Treasuries and equities closed the session mixed. Triple-A yields were cut up to two basis points, depending on the scale, while USTs were weaker on the short end and slightly better out long. The two-year municipal to
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Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. North Korean troops have fought for the first time alongside Russian forces against Ukrainian soldiers in Russia’s Kursk region and taken heavy casualties, the Pentagon said on Monday. Ukrainian troops launched an incursion into
Mark Baldassare, survey director at the Public Policy Institute of California.PPIC California’s certified election results show the state logged a record election in terms of the number of local measures and amounts approved, according to a report . Voters approved 205 school bond measures, authorizing $45 billion of funding for elementary, high school and community
Oklahoma County’s plan to replace its 13-story detention center in downtown Oklahoma City has been stalled by the city’s rejection of a site for the jail and escalating costs for the project.Oklahoma County Detention Center Oklahoma County wants to settle litigation over the location for a bond-financed jail in the wake of an unofficial state
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves’ increase in business taxes is taking a toll on the UK economy as companies cut back hiring, adding to warnings that the chancellor’s October Budget has sapped corporate confidence heading into the new
“Obligated but unspent and unobligated and unspent funds are more at risk of a clawback attempt,” said Michael Wallace, legislative director, housing, community, and economic development. National League of Cities. “Obligation may reduce the political risk of clawback, but it does not negate the threat.” NLC Cities and states are scrambling to obligate pandemic relief funding
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In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped more than 2% on Monday, putting the AI chip darling officially in correction territory. The chipmaker and de facto artificial intelligence trade has rallied 165% this year amid ongoing excitement for the buzzy technology trend.
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“If you took the president-elect at his word and he were to implement tariffs exactly as he proposed on the campaign trail, that would be a significant hit to the U.S. and global economies,” said Fitch’s Eric Kim.Fitch Ratings Overall state and local government credit quality is well-positioned for 2025 and credit conditions will remain
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Germany is heading for early elections after Chancellor Olaf Scholz lost a vote of confidence, ending his fractious coalition government at a time of strain for the Eurozone’s largest economy. Scholz’s defeat by 207 to
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Anton Petrus | Moment | Getty Images Drone stocks rallied Monday as retail interest ramped up in the sector following a Palantir partnership with Red Cat Holdings and amid a flurry of mysterious New Jersey sightings that Wall Street believes could boost funding for the industry. Red Cat shares rallied more than 25% on news
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Vladimir Putin has said Russia may lift its self-imposed restrictions on developing short- and medium-range missiles and would keep its non-strategic nuclear forces on constant combat alert, as he warned that the west was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The alleged Chinese spy linked to Prince Andrew has been publicly named as Tengbo Yang after a judge lifted an anonymity order on Monday. The 50-year-old Chinese national has been banned from entering Britain on
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