The UK’s stubbornly high inflation has convinced senior policymakers at the European Central Bank to maintain their aggressive stance on raising interest rates to avoid being accused of failing to contain price pressures. Several members of the ECB’s rate-setting governing council told the Financial Times that recent criticism of the Bank of England over its
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On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures. The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures, launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup)
Munis were weaker Thursday, unable to ignore larger losses in U.S. Treasuries, after better-than-expected economic data pointed to a strong U.S. economy. Equities ended mixed. Economic data released Thursday showed the U.S. economy is strong, said Edward Moya, senior market analyst at The Americas OANDA. The initial reaction saw UST yields surge, “while stocks focused
Not-for-profit hospital balance sheets are on the mend from last year’s challenges that inflicted deep damage on balance sheets, but pressures persist and the recovery is slow going, according to reports published this week. Hospital finances showed signs of stabilizing in May with some improvement in operating margins, declining expenses and notable increases in outpatient visits,
A house for sale, in escrow, in Laguna Woods, California. Scott Mlyn | CNBC Anyone out shopping for a home on the resale market knows the pickings are slim. They’re about to get slimmer. The number of homes for sale this month was actually 7% higher than June of last year, according to Realtor.com. But,
Connecticut is just days away from welcoming the first newborns in the state to benefit from its newly launched baby bond program. At midnight July 1, children born in the state — whose births are covered by Husky, Connecticut’s Medicaid program — will see $3,200 deposited in a trust managed by the State Treasurer’s office,
When it comes to the Manhattan real estate market, new development condos have traditionally traded at a premium compared to resale buildings. These new condos offer modern amenities, state-of-the-art features, and contemporary designs that cater to buyers seeking a luxurious and convenient lifestyle. However, as buildings age, an interesting phenomenon called “premium decay” emerges, highlighting
Pottery Barn Teen and Pottery Barn Kids recently launched a collaboration with Rifle Paper Co that’s just the right mix of cheerful and charming. It’s what every contemporary design lover has been waiting for. Allison Spampanato, Senior Vice President of Product Design And Development for Pottery Barn Kids tells me, “Working with the team at
Democratic Rep. Danny Davis of Illinois has re-upped a long-stalled plan for a national infrastructure bank, saying the bank is needed to complement public infrastructure spending while acknowledging the difficult political realities of getting it through a Republican-led House. “Most bills that get introduced never get passed, so once you understand that, you don’t worry
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Asset management giant Fidelity Investments is again trying to launch a spot bitcoin ETF, according to a Thursday filing. The move comes two weeks after BlackRock filed for spot bitcoin ETF, which has long been opposed by the
Thousands more UK earners will be dragged into higher income tax bands this year, as the government’s policy of “fiscal drag” squeezes households to raise money for the cash-strapped public purse. According to HM Revenue & Customs’ estimates published on Thursday, the number of additional rate taxpayers in the 2023-24 tax year will rise by
The turmoil at the top of Thames Water has left the UK government scrambling to prepare contingency plans in the event of the collapse of the heavily indebted utility. Less than 12 months ago, Thames Water published its own assessment of the long-term viability of its business. The conclusion: the company was in good financial
Chicago Public Schools’ looming fiscal cliff cast a long shadow over the board’s approval Wednesday of a fiscal 2024 budget balanced with the help of the maximum property tax hike allowed under state caps and federal COVID-19 relief. The Chicago Board of Education signed off on the $9.4 billion fiscal 2024 budget package for the fiscal year
Buy, partner or build? That’s the perennial question when an important new technology comes along — and it’s the question just about every company in the tech industry is grappling with when it comes to generative artificial intelligence. This week, the focus has swung to acquisition. Databricks, a private company that stores and manages large
German inflation was higher than forecast this month, even as Spain became the first major eurozone economy to beat the European Central Bank’s 2 per cent target in almost two years. The divergence between Germany’s 6.8 per cent rate for June and the 1.6 per cent recorded by Spain highlights the dilemma faced by the
Two centuries ago, the notion of the “Hegelian dialectic” emerged in western philosophy as an attempt to explain the development of ideas in history. The German philosopher GWF Hegel posited that any new idea (or “thesis”) sparks a reaction (the “antithesis”) as the historical pendulum swings, before yielding a “synthesis” in turn. America-watchers should ponder
In this article OXY FREY WFC JOBY MU Follow your favorite stocksCREATE FREE ACCOUNT An employee scans an order in the shipping area at the Overstock.com distribution center in Salt Lake City, Utah. Ken James | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Freyr — Freyr Battery surged 18%
San Diego is in the early stages of a public-private project similar in scope to a groundbreaking city center project up the California coast in Long Beach. Long Beach reshaped its downtown through two public-private partnerships that created a 22-acre Civic Center involving a new city hall, port headquarters, library and community park on six
S&P Global Ratings on Thursday upgraded Kentucky’s issuer credit rating to A-plus from A, the Bluegrass State’s second upgrade in less than two months. “The upgrade reflects our view of Kentucky’s commitment and execution to strengthen its budgetary flexibility and long-term financial stability, which we expect will continue in the current and future budget cycles,”
In this article BURL BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Burlington and a Bed Bath and Beyond store Getty Images Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part
The writer is an FT contributing editor and writes the Chartbook newsletter Half a century on, the return of inflation has stirred the 1970s ur-trauma. Last year, inflation hawks in Europe and the US were obsessing about the threat of wage-price spirals. As it turns out, inflation not only failed to accelerate but is now