Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than two-thirds of a UK government fund aimed at unlocking hundreds of thousands of new homes in England remains unspent more than six years after its launch, despite the chronic shortage of housing. The
In this article Follow your favorite stocksCREATE FREE ACCOUNT Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Senator Bob Menendez accepted bribes to take actions favourable to Qatar, federal prosecutors alleged on Tuesday, as they added new detail to the corruption case against the New Jersey Democrat. The 70-year-old, who served
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has sued to reinstate his name to Maine’s presidential primary ballot, after its secretary of state said the former president was disqualified from holding higher office because of his role in the January
US stocks declined in the first session of the year, while Treasury yields surged as traders moderated expectations for interest rate cuts. The benchmark S&P 500 fell 0.6 per cent, dragged down by tech stocks. The tech-heavy Nasdaq Composite slid 1.6 per cent, notching its worst daily fall since late October. Yields on the rate-sensitive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the biggest investors in Thames Water has slashed the value of its stake by nearly two-thirds, intensifying doubts over the financial health of the UK’s largest water distributor. The Universities Superannuation Scheme, a
Municipals were lightly traded and little changed in the first session of 2024 while U.S. Treasuries were weaker and equities lost ground as markets pulled back to reassess expectations after the end-of-year’s large rally. Triple-A yields were softer in spots while USTs saw yields rise six to 10 basis points with the larger losses on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior Hamas leader has been killed in an explosion at one of the group’s offices in Beirut, an attack that Lebanon blamed on an Israeli drone strike. Hizbollah, the powerful Lebanese militant movement, told
The Municipal Securities Rulemaking Board has opened its search for three new board members: two public representatives and one representative from the regulated side, to serve for the 2025 fiscal year. Selected nominees will be elected to four-year terms beginning Oct. 1, and will join the full fifteen-member Board which represents a cross section of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Claudine Gay has resigned as president of Harvard University after her widely criticised appearance at a congressional hearing plunged the elite institution into a bitter national debate on campus antisemitism and prompted scrutiny of plagiarism allegations
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Grey gloom” is not the front-page headline many Britons would have wanted to read at the start of the new year. But the phrase sums up the economic mood according to the Financial Times’s annual
On Jan. 1, New Jersey, New York and Maryland joined a handful of states with a minimum wage of at least $15 an hour. The increase to $15.13 an hour in New Jersey is expected to affect about 350,000 of the state’s 1.9 million hourly workers. Many non-hourly employees will also see an indirect benefit from the statewide
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street stocks have begun the year with a technology-led hangover after the rally that ended 2023 turned cautious, putting tech stocks on course for their worst day in more than two months. The Nasdaq
When the full Indianapolis City-County Council on Dec. 4 approved a plan to finance Eleven Park, a $1.5 billion mixed-use development anchored by a minor-league soccer stadium, the vote was nearly unanimous. The plan, authorized by Indiana’s General Assembly, carves out a new tax area downtown: the Additional Professional Sports Development Area. It will enable
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey has accused Israel of spying on its territory and plotting attacks on Palestinians living there as relations between the two countries worsen over the conflict in Gaza. Turkish intelligence agents and police carried out
The Municipal Securities Rulemaking Board is gearing up to change how broker-dealers operate in 2024, as the controversial move to a one-minute trade reporting window will come into effect, a change to a T+1 settlement cycle, in addition to a new proposal aimed at soliciting market feedback on pre-trade data. The board’s last few years
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Tesla has lost its position as the world’s most popular maker of electric vehicles to Chinese rival BYD despite quarterly sales that beat analysts’ estimates. The US company, run by Elon Musk, delivered 484,000 cars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 2mn people in London and the South East are set to be pushed into a higher tax bracket, according to research that underlines the electoral threat to the Conservatives in many of its
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. It is bad manners to pre-empt the FT’s annual prize for individual achievement, but the Person of 2024 will be “the voter”. Among the democracies that are due to choose a national government this year are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Five people have been killed in an aircraft accident in Japan after a passenger plane with 379 people on board was in a collision with a coast guard plane and caught fire at Tokyo’s Haneda
Stay informed with free updates Simply sign up to the Education myFT Digest — delivered directly to your inbox. The writer is director of the Social Market Foundation think-tank “I love the poorly educated.” Donald Trump may have put it in the crudest terms, but the former US president is not alone among politicians on