Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Investors’ rush into artificial intelligence stocks this year has overplayed the near-term potential of the technology, raising the risks of a “correction” in share prices, asset management powerhouse Vanguard has warned. Joe Davis, Vanguard’s chief
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Oakland, California’s ratings were downgraded to A by Fitch Ratings as the city struggles with financial woes.Adobe Stock Oakland, California’s financial turmoil and turnover in leadership have resulted in the city’s bond rating being downgraded to A from AA-minus by Fitch Ratings. The outlook was revised to negative. The city had $821.7 million in bond
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water’s biggest creditors have told the UK’s water regulator that a proposed £3bn emergency loan cannot be used to pay fines. Britain’s largest water company, which receives all of its income from its 16mn
“Maintaining fiscal responsibility is a critical requirement of public entities,” said David Medanich, co-head of Public Finance at Hilltop Securities. ”Public funds require the highest level of safety, and accountability. The primary goal is to earn a competitive rate of return while maintaining preservation of principal. Cryptocurrencies do not meet this definition.” Tony Valdez The incoming Trump
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€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
Fotostorm | E+ | Getty Images If you need to get a mortgage to buy a house, make sure your finances are in order — especially your debt-to-income ratio. Your debt-to-income ratio is all your money debt payments divided by your gross monthly income. It’s the “number one way” lenders measure your ability to manage
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s conservative president Yoon Suk Yeol has declared martial law, accusing the left-wing bloc that controls the national assembly of North Korean sympathies and plotting rebellion. Yoon, a hardline former chief prosecutor, said in
€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
Texas Gov. Greg Abbott touts a state-funded education savings account program at a parent empowerment day event at the state capitol in March 2023. After the program failed to pass that year, he vowed another push in 2025 and campaigned for pro-voucher legislative candidates.Texas Governor’s Office Texas is gearing up for its 2025 legislative session
€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
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It was shocking enough that Donald Trump picked one of his daughters’ fathers-in-law to be US ambassador to France and another as his Middle East envoy. The first, Charles Kushner, father of Jared,
Health officials in northern Gaza report Israeli attacks killed more than 200 people on Saturday. The dead included 40 members of the al-Araj family, who were killed in a single Israeli strike on a building in the Tel al-Zaatar neighborhood.
University of Alabama at Birmingham Dec 3 2024 Pathways to new treatments for heart failure take time -; as long as four decades for two now accepted therapies. So, new attempts to repair scar tissue in infarcted hearts using cells or cell products need more time to develop clinical therapies that can reduce risk of
A manager of a Domino’s franchise in Connecticut claims in a lawsuit that he was fired after complaining to the owner that the pizza shop was hiring illegal migrants in violation of state and federal laws. Mohammad Nuruzzaman alleged in the lawsuit that he was “discharged … from employment” in November 2023 in retaliation and
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange who spent more than 60 years on Wall Street, has died aged 83. “It is with a heavy heart that I inform you of the passing of ArthurCashin, Jr., a true giant in our industry, highly regarded market pundit,” Bill Carroll, head of sales
A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting to reinstate it. The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors,
President-elect Donald Trump has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2 million to a Trump-backing super PAC. Trump, in a post on his Truth Social site Monday evening, announced he was selecting Stephens to be the US ambassador to
A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting to reinstate it. The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors,
President Biden issued a pardon for his son Hunter Biden Sunday evening in a major reversal after Joe Biden repeatedly vowed not to use his executive authority to intervene in his son’s criminal cases. Hunter Biden was set to be sentenced on December 12 for his federal gun conviction and on December 16 for his
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange who spent more than 60 years on Wall Street, has died aged 83. “It is with a heavy heart that I inform you of the passing of ArthurCashin, Jr., a true giant in our industry, highly regarded market pundit,” Bill Carroll, head of sales
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