Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. How many people do you think would be willing to give away 1 per cent of their household income every month to fight global warming? Here’s a clue: it’s not 20 per cent or 40
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When a chief executive asks for trillions, not billions, when raising funds you know a sector may be getting a bit too hot. In the long run, generative artificial intelligence will transform many industries and
Holzdorf military base was once the pride of Communist East Germany, a strategic linchpin for the Warsaw Pact countries who opposed Nato. Now it is being remade as one of the west’s biggest bulwarks against Russia. The base’s runway is being expanded, so any plane in the Nato arsenal can land there. Soon it will
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares of Lyft soared more than 60 per cent on Tuesday before falling back sharply, after an error in the ride-hailing company’s quarterly earnings release exaggerated the outlook for margin growth in 2024 by 10
A visitor takes pictures in front of a wooden dragon themed sculpture displayed to celebrate the upcoming Lunar New Year inside the flower dome at Gardens by the Bay in Singapore on February 1, 2024. Roslan Rahman | Afp | Getty Images Millions of Chinese around the world are celebrating the Lunar New Year, ringing
Instacart is laying off 7 per cent of its workforce as part of a restructuring effort, the food delivery group said on Tuesday as it boosted its share buyback programme to $1bn. The company said the cuts would affect about 250 people. Separately, three executives — Instacart’s chief operating officer Asha Sharma, chief technology officer
A hotter-than-anticipated inflation report spurred a selloff in U.S. Treasuries and equities, and municipals could not ignore the broader markets and closed weaker on the day. Triple-A yields rose up to six basis points but largely outperformed UST losses that touched 17 to 20 basis points on the short end. Expectations for a Fed rate
The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs. So far this year, five charter schools have become impaired, meaning a borrower has defaulted on their debt, broken a covenant or used some emergency means to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A high-profile shareholder in Abrdn dumped the stock after losing faith in management’s ability to turn the flagging UK asset manager around, adding to pressure on chief executive Stephen Bird. US investment firm Harris Associates,
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Joe Biden sharply rebuked Donald Trump for saying he would encourage Russia to attack Nato allies that did not spend enough on defence, as the US president pleaded for Republicans in Congress to pass
Wall Street took a nosedive Tuesday following the before-the-bell release of hotter-than-expected January consumer inflation data. In response, bonds sold off, pushing the 10-year Treasury yield above 4.30% and equity prices sharply lower. The Dow , the S & P 500 and the Nasdaq were all down more than 1.5%, as the odds of a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer was on Tuesday hit by a new row over alleged antisemitism in the Labour party, after a second election candidate was suspended over comments about Israel’s war in Gaza. The Labour leader
Small muni market firms are being overburdened by an excessive regulatory environment that favors the large Wall Street firms, with small firms feeling overwhelmed by the recent amendments to Municipal Securities Rulemaking Board Rule G-14 on time of trade that reduces the trade reporting window to one minute. Those complaints are being expressed as part
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Western Europe’s defence spending is outstripped by Asia’s and grew more slowly last year, the International Institute for Strategic Studies said onTuesday, despite the Russian invasion of Ukraine presenting the biggestsecurity threat to the region
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Donald Mackenzie, one of CVC Capital Partners’ co-founders and most successful dealmakers, is stepping back from Europe’s largest buyout firm ahead of its long-awaited public listing. Mackenzie, 66, was among a small group of executives
Nato is set to announce that most of its members are on track to hit the alliance’s defence spending target as it prepares for more Russian aggression and braces for the potential election of Donald Trump. According to three officials, Nato will say on Wednesday that 18 of its 31 members will meet the target
The value of the New York State’s common retirement fund was estimated at $259.9 billion at the end of the third quarter of fiscal 2023-24, state comptroller Thomas DiNapoli said Tuesday. For the three-month period ending Dec. 31, the fund’s investments returned an estimated 6.18%. The fund’s long-term expected rate of return is 5.9%. In
Massachusetts Governor Maura T. Healey’s $56.1 billion budget proposal for fiscal 2025 calls for increased funding to the state’s Commonwealth Transportation Fund that will enable it to borrow an additional $1.1 billion over the next five years. The fiscal 2025 budget proposal, which represents a 2.9% increase over the current year’s spending, would dedicate $250
Enjoy complimentary access to top ideas and insights — selected by our editors. The prospect of three consecutive negative total return years, a GAO ruling giving congress the power to review the DoT’s multimodal discretionary grant funding opportunity, and a proposed new tax on electric vehicles are among the latest developments in the Capitol that
Row of townhouses in Alexandria, Virginia Grace Cary | Moment | Getty Images A new, more affordable repayment plan for federal student loan borrowers may come with another advantage: It could make it easier to become a homeowner. The Saving on a Valuable Education, or SAVE plan, can cut borrowers’ monthly payments in half, and
Americans invented Beatlemania in 1964, which was bittersweet for the British, who had invented it in 1962. Something similar is happening now to Arm Holdings. The Cambridge-headquartered chip designer has doubled in value after posting quarterly results last week. Since its Nasdaq float in September, the stock is up 192 per cent. Its market cap