Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is clinical professor for business and society, and founding director of NYU Stern Center for Sustainable Business Amid a mounting backlash against ESG, critics have argued that investors should care less about benchmarks
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, UK and Australia have agreed to boost their ability to monitor “emerging threats” in space, in one of several new initiatives linked to the trilateral security pact they signed in 2021 as part
Moody’s Investors Service Friday lifted Ohio’s issuer default and general obligation ratings to triple-A based on strong financial management and an economy that’s “poised for diversification and growth.” The state now boasts the coveted top issuer rating from Moody’s and Fitch Ratings, which upgraded it in September, 2022. S&P Global Ratings pegs the state one
Ether (ETH) is trading higher on Dec. 1, despite its inability to breach the $2,100 resistance. This level has prompted several rejections in the past three weeks, which is especially concerning given Ether’s 16.2% gains in November. Ether 12-hour price index, USD. Source: TradingView However, the current positive momentum is supported by several factors, including
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The Biden administration has moved to choke off China’s role in the US’s electric vehicle supply chain with rules that critics allege will slow the transition from petrol-fuelled cars. The US Treasury announced on Friday
El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office to campaign. On Dec. 1, Bukele resigned as the President of El Salvador following approval from the country’s Legislative Assembly, allowing him to take a leave of absence to focus on his
Municipals were firmer Friday ahead of a large new-issue calendar, which boasts billion-dollar-plus deals from Pennsylvania and the New York City Transitional Finance Authority along with a sizable taxable Hawaii general obligation bond deal. U.S. Treasuries were rallying and equities were up near the close. Triple-A yields fell up to six basis points, depending on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. World Bank president Ajay Banga said the hundreds of millions of dollars committed to a fund to help poor countries with climate loss and damage would not be spent on any projects before a raft
The highly publicized Florida Gov. Ron DeSantis v. California Gov. Gavin Newsom debate frequently devolved into a shoutfest. Fox News moderator Sean Hannity mostly stuck to his promise to moderate and not join the debate after introducing himself as a well-known conservative. Democrat Newsom, who recently outed himself as a friend of Hannity’s, said he
King Charles III addressed the COP28 summit in Dubai on Friday wearing a tie emblazoned with the Greek flag, in a week that saw a big diplomatic bust-up between London and Athens. The dispute erupted after Rishi Sunak, UK prime minister, cancelled a meeting with his Greek counterpart on Tuesday, accusing Kyriakos Mitsotakis of using
It is hard to recall a figure whose death has evoked more polarised reactions than that of Henry Kissinger. The last of America’s grand strategists was as reviled as he was adulated — often by the same people. Many prominent Americans who as students in the 1970s loathed the Vietnam war and the secret bombing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jensen Huang, the laconic, leather-jacketed chief executive of Nvidia, is enjoying a number of triumphs. The technology group that he co-founded and runs is now the world’s sixth most valuable company, and its chips and
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. In the days when Armani-suited TV executives displayed their charismatic socks while lounging in directional chairs and making rulings about the tastes of the Great British Public, the old saw was that you could never axe
Bitcoin (BTC) rallied about 9% in November, with $38,000 proving to be a difficult obstacle to cross. Buyers have repeatedly tried to maintain the price above $38,000, but the bears have held their ground. Historically, December has been a mixed month. Coinglass data shows that in the past five years, Bitcoin rose only in 2020,
Water systems will need to turn to municipal bonds, federal loans, state revolving funds and federal legislative help to meet a new Environmental Protection proposal requiring water systems to replace all lead pipes within the decade. “It’s a big task,” said Dan Hartnett, chief advocacy officer at the Association of Metropolitan Water Agencies. “We’ll be
A $2.6 billion terminal renovation at Houston’s George Bush Intercontinental Airport was officially launched Thursday, while a feud over bond financing for the project continues between the city’s mayor and controller. Mayor Sylvester Turner joined United Airlines officials at the airport to highlight the Terminal B project, which includes the expansion of 40 gates to
Puerto Rico Electric Power Authority bondholder GoldenTree Asset Management and bond insurer Syncora Guarantee gave notice they will appeal several PREPA bankruptcy decisions. The appeal, announced Thursday, covers all “interlocutory orders merging into the final judgment,” issued by U.S. District Judge Laura Taylor Swain Tuesday for an adversary proceeding that the Oversight Board filed in
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. President Volodymyr Zelenskyy is pushing to speed up construction of military fortifications at key points along the frontline in eastern Ukraine, where Russian forces have stepped up attacks in recent weeks. The drive came
From research into AI to collaborative events encouraging the development of automation, Federal Housing Finance Agency Associate Director Anne Marie Pippin has been involved in several projects that given her broad insight into what the next wave of technology development in the industry may look like. In this discussion at NMN’s Digital Mortgage Conference, she
The Municipal Securities Rulemaking Board has filed its 2024 fees for dealers and municipal advisors with the Securities and Exchange Commission, with underwriting and municipal advisor fees rising and transaction and trade count fees coming down. The board’s underwriting fee went up 25% to $0.0371 from $0.0297 for every $1,000 par underwritten and the municipal
Bitcoin (BTC) hit $39,000 for the first time since mid-2022 on Dec. 1 as the United States Federal Reserve boosted hopes of policy easing. BTC/USD 1-hour chart. Source: TradingView Powell: Calling end to hikes would be “premature” Data from Cointelegraph Markets Pro and TradingView confirmed a new 19-month BTC price high of $39,000 on Bitstamp.