Florida marks the two-year anniversary of the Champlain Towers South condominium collapse in Surfside tomorrow. Recertification laws passed after the tragedy could leave many condo owners with a rude awakening. That wakeup call comes in the form of special assessments of up to six figures for owners of older two-bedroom condos. The special assessments are
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A Bitcoin-mobile (BTC) piloted by the “Bitcoin Ambassadors” team is competing in the 8,000-kilometer Baltic Sea Circle Rally race, orange-pilling competitors and campsites along the way. Two Bitcoin advocates, Cercatrova, the democratically elected president of German-speaking Bitcoin community Einundzwanzig, and his copilot Daktari, set off on the orange-pilling adventure this week, attempting to pass through
Stubbornly high inflation and the expectation of further interest rate rises add up to bad news for millions of mortgage borrowers who need to refinance in coming years. The Financial Times convened a panel of experts to answer your questions about refinancing or buying a property for the first time. Claer Barrett, the FT’s consumer
It turns out, Rocky has one very famous, and perhaps unexpected, fan. The “Easy On Me” singer purchased Rocky actor Sylvester Stallone’s sprawling Los Angeles compound in 2022 for a reported $58 million—a massive discount compared to the original asking price of $110 million. However, in a recent interview with WSJ, Stallone said that she
A bathhouse in Brooklyn, New York, has left users on Instagram and Twitter divided after it revealed that it is using Bitcoin (BTC) mining rigs to heat its spa. In a June 21 Instagram post, Bathhouse explained it is running Bitcoin mining rigs at its location in Brooklyn, which generates heat as a byproduct. In the
Yannick Bolloré, chief executive of the Havas marketing group, likes to take a morning dip in the Mediterranean Sea when he attends the Cannes Lions advertising festival. He could not reach it this week because the beach was occupied by the sofa-strewn cabanas built for Meta, Google, WPP and others. An event that started out
In this article W UAA AI KMX SPCE SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks workers union advocates wears union shirts at the Senate Health, Education, Labor and Pensions Committee hearing on No Company is Above the Law: The Need to End Illegal Union Busting at Starbucks in the Dirksen Senate Office Building on
I double-check the name the notorious “finmeme-lord” known as Litquidity has reserved our table under. “I’m here for Hank Paulson,” I tell the maître d’ at Le Bernardin. He doesn’t bat an eye. I wonder if Paulson, the former US Treasury secretary responsible for bank bailouts after the 2008 financial crisis, dines at the three-Michelin-star
German house prices fell at a record rate of 6.8 per cent in the first quarter of this year, as higher borrowing costs, inflation and weaker economic growth took their toll on Europe’s largest property market. The year-on-year fall in the index of German residential property prices was the biggest since records began in 2000,
As colleagues over the decades will confirm, the investment subject I loathe more than any other is house prices. Even gold — occupying the vacuous outer space of finance — comes a distant second. And I’ve never typed a word on the yellow metal. So imagine my dread when it became clear I couldn’t avoid
The writer is professor of public policy at the University of Cambridge and author of ‘Cogs and Monsters: What Economics is, and What it Should Be’ Like flared trousers, platform heels, inflation and other 1970s phenomena, industrial policy is back in fashion. US president Joe Biden was the trendsetter, with the Inflation Reduction Act and
The eurozone economy has slowed sharply, according to a closely watched business survey which indicated that a period of recent growth in the services sector is stalling and price pressures are cooling. The benchmark purchasing managers’ index, a measure of activity in manufacturing and services, fell to a five-month low of 50.3 on Friday’s data,
Winklevoss twins’ cryptocurrency exchange Gemini continues to actively expand its services across the world, debuting Ethereum staking in the United Kingdom. On June 23, Gemini officially announced the expansion of Gemini Staking Pro in the United Kingdom. The service allows institutions and high-net-worth individuals to become Ethereum validators by locking up at least 32 Ether
Since its inception in 2016, Casa promoted multi-signature self-custody of BTC in the industry with its flagship Bitcoin vault allowing users to store the cryptocurrency using up to five keys for more distributed security. Casa’s service originally catered to Bitcoin ‘whales’ that were willing to spend $10,000 a year on custody, before opening its service
Bitcoin (BTC) will hit new all-time highs in 2023, and October is the favorite month for it, a popular trader says. In a Twitter update on June 22, Credible Crypto argued that the next four months should deliver the bullish BTC price momentum needed to tackle $69,000. October “fairly logical” for new Bitcoin all-time highs
British retail sales unexpectedly grew last month despite high inflation, boosted by spending on summer clothing and outdoor goods. The quantity of goods bought rose 0.3 per cent between April and May, following a 0.5 per cent rise in the previous month, according to data published on Friday by the Office for National Statistics. That
Mediterranean Shipping Company and AP Møller-Maersk were always unlikely bedfellows. Yet in 2015, the world’s two biggest container shipping companies set aside their rivalry and shrugged off opposition from regulators to form a capacity-sharing alliance. Maersk containers could be carried on MSC vessels and vice versa, cutting both groups’ operating costs without reducing the number
This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign The Bank of England has fired its big bazooka — and millions are worried about the hole this could blow in their household budgets. Thursday’s decision to raise rates to 5 per cent will be painful for the rising numbers of
The wedding of Ricardo Gómez-Acebo Botín, a nephew of Banco Santander chair Ana Botín, was a high society affair outside Madrid this month, attracting gushing Elle magazine coverage of guests’ flower-topped hats, swishy capes — and the fact some people wore Zara. So noteworthy was the presence of two “inspiring looks” from the Spanish brand,
Global central banks are entering a new phase in their battle with inflation as economists warn that recessions will be the price of achieving shared 2 per cent goals. Headline rates of inflation across most of the world’s economies have fallen back sharply since the autumn but core rates — which exclude volatile categories such
After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables. Their appetite, however, hasn’t translated to crypto payments. The Shiba Inu (SHIB) themed diner first opened its doors in Australia’s beachside city Surfers Paradise on March 18, 2023. Speaking to Cointelegraph,