Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves will tell City of London regulators to dial up the risk in the UK financial services sector, claiming that rules drawn up after the 2008 financial crash have “gone too far”
The First Circuit Court of Appeals ruled PREPA bondholders had a perfected lien on PREPA net revenues. The U.S. Court of Appeals for the First Circuit largely sided with Puerto Rico Electric Power Authority bondholders in a ruling Wednesday, affirming their lien on the authority’s net revenues. The bondholders have a claim for all the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, as the US regulator continues to pursue Big Tech in the final weeks of Joe Biden’s presidency.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Artificial intelligence may represent the biggest opportunity in tech since the arrival of the internet, but it also poses fundamental questions over how some of the industry’s most powerful companies make money. Apple, which began
Oklahoma County is reviewing public-private partnership proposals to help finance a replacement for its troubled downtown Oklahoma City detention center amid rising costs.Oklahoma County Detention Center Oklahoma County is exploring a public-private partnership to help finance a replacement for its troubled jail amid rising costs and a delay in securing a site for the project.
Federal Reserve Board Governor Adriana Kugler with Senate Majority Leader Chuck Schumer. Al Drago/Bloomberg A Federal Reserve official made the case for protecting central bank independence from electoral politics. In a speech delivered at an economic conference in Uruguay on Thursday morning, Fed Gov. Adriana Kugler said central banks around the world, including the Fed
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. The Onion has agreed to acquire Infowars, the far-right web site created by conspiracy theorist Alex Jones, in a deal backed by families of victims of the mass shooting at Sandy Hook Elementary School. The US satirical
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Jonathan Ernst | Reuters Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute’s 56th annual conference on securities regulation. It sounded awfully
<img src=”https://public.flourish.studio/visualisation/20299554/thumbnail” width=”100%” alt=”chart visualization” /> As investors have flocked to municipal exchange-traded funds in the past few years, more muni active ETFs are being launched in the space to meet more bespoke investor demands. Market participants note the shift stems from the fragmented muni market, the challenge of trying to replicate the index, and
In this article GLRE Follow your favorite stocksCREATE FREE ACCOUNT David Einhorn, President at Greenlight Capital, speaking at the 14th CNBC Delivering Alpha Investor Summit in New York City on Nov. 13th, 2024. Adam Jeffery | CNBC Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Individuals involved in the London Capital & Finance scandal are liable to pay damages after the High Court found that the collapsed “minibond” provider operated as a Ponzi scheme that misrepresented itself in a “widespread,
Passengers board a Brightline passenger train in Miami. Opening the full Miami-to-Orlando route paved the way for Brightline to embark on a major restructuring of its full capital stack.Bloomberg News Most deals take some time to put together, but this year’s Brightline Florida passenger train financing has been in the works since the borrower first
Matt Gaetz was met with roars of delight last year when he vowed to bring the FBI and the Department of Justice “to heel”. “We either get this government back on our side or we defund, and get rid, abolish . . . every last one of them,” he told an audience of right-wing activists. The firebrand congressman from
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for the first time in three years. Investors placed nearly $40bn of orders to buy $2bn
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Now where have we heard these words before? Peter Mandelson, the former cabinet minister and EU commissioner now widely touted in Labour circles as the next ambassador to Washington, has pronounced that in
Donald Trump’s criticism of electric vehicles looks likely to lead to the end of government subsidies for consumers who buy them, boosting Elon Musk’s Tesla by hitting its rivals with greater losses. The president-elect has said EVs would spell “complete obliteration” for the US car industry, even as adoption for the vehicles has climbed in
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Legal migration to some of the world’s richest countries reached an all-time high in 2023, sparking a voter backlash against governments despite the trend boosting growth and job creation. Roughly 6.5mn people moved
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy offloaded another 15 per cent stake in Monte dei Paschi di Siena on Wednesday, using the staged privatisation of the once-ailing lender to kick-start a consolidation process in the country’s banking sector. Shares in
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The writer is chief executive of the European Climate Foundation and was France’s special representative for COP21 In the global fight against climate change, Donald Trump’s election victory is undoubtedly a challenging setback. The next
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The author is chair of Marshall Wace, a multi-strategy investment manager The US equity market has greeted the US election result with a celebratory run. I share the optimism. On almost every dimension,