The Indiana Finance Authority is planning to sell up to $500 million of tax-exempt environmental improvement revenue bonds for a California-based company to build a facility in Gary that converts household garbage into sustainable synthetic aviation fuel. The facility, which will be owned by Fulcrum Centerpoint LLC, plans to convert about 530,000 tons per year
Federal Reserve Bank of San Francisco President Mary Daly said policymakers can hold interest rates steady if the labor market and inflation continue to cool or financial conditions remain tight. “If we continue to see a cooling labor market and inflation heading back to our target, we can hold interest rates steady and let the
Every email sent, photo or video captured, crypto token traded and online article published adds to the growing mass of digital data worldwide. Last year alone, nearly 100tn gigabytes of data were created and consumed, according to market researcher International Data Group, equivalent to 4.5tn times the entire text contents of Wikipedia. And the figure
The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul Pal. He is convinced that despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend. According
Until recently, the so-called “$TLT” exchange traded fund — which tracks long-term Treasuries — seemed dull as ditchwater. The price used to move in tiny increments with modest trading volumes, making it suitable for widows and orphans — risk-averse investors, in other words. Not now. On Tuesday there were 71mn daily trades of the ETF,
Saudi Arabia’s bid to host the 2034 football World Cup is swiftly gathering momentum after countries in Asia and other regions lined up in support and a compressed selection process left scant time for a rival proposal. Fifa, football’s governing body, announced on Wednesday that the 2030 men’s tournament would be hosted jointly by Spain,
United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion. While financial details of the deal have not been disclosed, Kraken and BCM announced the coming acquisition following the European Union’s implementation of its Markets in Crypto-Assets (MiCA) regulatory framework.
If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world. Kane is most known for his collection “Gazers,” which launched
Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet, Okto, by integrating major on-ramp platform Transak. Okto, a multichain cryptocurrency wallet launched by CoinDCX in August 2022, has integrated the Transak platform to scale the wallet’s global support, the firm announced to Cointelegraph on Oct. 5. The integration is immediately available on Okto, the
In this article XOM CVX OXY OT1A-FF RIVN Follow your favorite stocksCREATE FREE ACCOUNT People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in premarket trading. Rivian — Shares
When ALDI announced it was acquiring 400 Winn-Dixie and Harveys Supermarket locations in the Southeast U.S. in mid-August, the move signaled the Batavia, Ill.-based discount retailer would not be following the crowd. Rather than closing supermarkets, as many chains have, ALDI intends to surge ahead with store openings, unveiling 120 new stores nationally to reach
Bitcoin (BTC) is beating inflation better than the U.S. dollar, the Federal Reserve says — unintentionally. In a blog post first released in June 2022 and since updated, the St. Louis Fed compares buying eggs with BTC compared to USD — still with surprising results. Bitcoin vs. US dollar: “Eggflation” has gone nowhere Bitcoin hodlers
Receive free Metro Bank updates We’ll send you a myFT Daily Digest email rounding up the latest Metro Bank news every morning. Metro Bank’s chair and chief executive have been summoned to urgent talks with the UK’s top financial regulators today, after the bank’s share price plunged 28 per cent following reports of a large
Receive free Armenia-Azerbaijan conflict updates We’ll send you a myFT Daily Digest email rounding up the latest Armenia-Azerbaijan conflict news every morning. The writer is senior fellow at the International Institute for Strategic Studies and a former UK ambassador to Belarus After its latest military offensive two weeks ago, Azerbaijan is set to regain control
A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution. The former FTX CEO is facing a total of seven charges
Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. UK construction activity posted its biggest monthly slide since May 2020 as a steep downturn in housebuilding led to a greater than expected fall in September, according to a closely watched survey. The
Receive free Alstom SA updates We’ll send you a myFT Daily Digest email rounding up the latest Alstom SA news every morning. Alstom shares plunged as much as 37 per cent on Thursday after the French maker of high-speed trains slashed its forecast for free cash flow as a UK project and other deliveries were
Receive free FT Magazine updates We’ll send you a myFT Daily Digest email rounding up the latest FT Magazine news every morning. Not to sound smug or anything, but I live in the western world’s capital of high-speed rail. From Paris, I zip by train to Amsterdam, Brussels, Marseille and other cities. I regularly power
In the Southern California housing market, a 1925 home with an architectural pedigree is sure to pique interest. But in the Santa Barbara enclave of Hope Ranch, a classic Spanish-style hacienda designed by the same man who shaped local landmarks such as the Montecito Inn and the former fire station raises the stakes. “That it
The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF). Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange
The integration of conventional payment cards with cryptocurrency exchanges is playing a crucial role in driving the adoption of digital assets, according to a Visa executive. Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, head of innovation and design, Akshay Chopra, highlighted the role that