Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Until this week, the UK economy looked increasingly set for a smooth “soft landing”, with inflation dropping sharply and early signs of growth picking up. But data releases in the past few days have added
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared with November to a seasonally adjusted annualized rate of 3.78 million units, according to the National Association of Realtors. Sales were 6.2% lower
Siebert Williams Shank has formed a six-person quantitative solutions group to be headed by public finance industry veteran Giles Nicholson. Siebert said the hire highlights the firm’s steadfast and growing commitment to expand its public finance practice. “Hiring Giles along with other senior and experienced hires over the last year demonstrates our deep commitment to
This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday and Friday It is easy to dismiss the 45 per cent or more of America that would vote for Donald Trump as mad or bad. There are plenty of both,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the UK government’s former chief digital officer and a founding partner at Public Digital The Post Office-Horizon affair is a human tragedy and a humiliation for the British establishment. Without a radical
Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. Germany is the “tired man” of Europe in need of “a strong cup of coffee”, the country’s finance minister said on Friday, arguing the recent economic downturn was a useful wake-up call to enable the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The German parliament has passed a law that will make it easier for foreigners to acquire citizenship, as Berlin looks to immigration to solve a dire shortage of skilled workers. Under the law, passed by
Two public finance professionals helped craft legislation that added whole categories of residential care facilities to the list of borrowers eligible to issue debt through the California Health Facilities Financing Authority. Assembly Bill 839, authored by Assemblymember Dawn Addis, D-Morro Bay, and signed by Gov. Gavin Newsom in October, allows nonprofits that operate independent living,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mexico and Chile have asked the International Criminal Court to investigate possible crimes committed during Hamas’s attack on Israel and the Jewish state’s subsequent invasion of Gaza. The move is the latest sign of mounting
A sharp divide in Israel’s war leadership has broken into the open after former military chief Gadi Eisenkot called for elections within months and said the government was not being truthful with the public about its offensive against Hamas. A blunt television interview, in which Eisenkot also declined to say that he trusted Israeli Prime
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Anyone who recently insured their car was probably shocked by the sharp rise in the cost of driving. Even drivers with long records of accident-free motoring have faced sudden jumps in prices for the policies
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. China has said it will rein in expansion of the country’s electric vehicle sector, as Beijing responds to western criticism of its industrial and trade policies that have contributed to a wave of Chinese car
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British retail sales plummeted in December, marking the biggest decline in nearly three years and raising the risk that the UK economy slipped into a technical recession at the end of last year. The quantity
Last week’s launch of the FT’s annual stock picking contest prompted a flurry of emails from readers. The purpose of the competition is educational — we want to encourage more people to get into investing. However, some of you are (quite rightly) concerned that trying to select the best or worst performing shares in 2024
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When news outlets called Donald Trump’s election defeat in November 2020, my neighbours in Washington DC celebrated by banging pots and pans from their windows. Because nothing says, “This is nearly over” like the clang
“I’m going to tell you the truth,” says Vanya, a Ukrainian soldier serving in a reconnaissance unit fighting alongside marines on the east bank of the Dnipro river in southern Ukraine. “The situation is deplorable.” His damning assessment follows months of daring raids into enemy territory by Ukrainian forces last autumn to establish a tenuous
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Private equity executives are predicting a sharp increase in takeover activity as buyout firms that have held on to investments in the hope of higher prices finally begin to capitulate. There has been a marked
The US House of Representatives passed a short-term spending bill on Thursday that will avert a partial government shutdown and free up lawmakers to focus on contentious negotiations over aid to Ukraine. Passage in the House came after the Senate overwhelmingly approved the bill earlier on Thursday. The bill will now go to President Joe
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The US House of Representatives passed a short-term spending bill on Thursday that will avert a partial government shutdown and free up lawmakers to focus on more contentious negotiations over aid to Ukraine.
HilltopSecurities hired six former UBS professionals as part of a wider plan to expand its public finance footprint. “We remain committed to adding professionals nationwide to our public finance business who offer a full product solution set to their clients,” said Brad Winges, president of HilltopSecurities. “This is the first group of many hires that
Municipals were weaker Thursday amid another busy new-issue day while municipal bond mutual funds reported inflows. U.S. Treasuries yields rose and equities were up near the close. Muni yields rose up to eight basis points, depending on the scale, while UST yields rose up to six basis points at 30 years. The two-year muni-to-Treasury ratio