Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, as a it wrestles with persistent inflation across the world’s biggest economy. The Federal Open Market Committee said
Alaska’s efforts to build reserves and manage cyclical financial swings caused by its oil dependence were rewarded Tuesday by two rating agencies, garnering an upgrade from one and a positive outlook from another. S&P Global Ratings raised its long-term rating to AA from AA-minus and assigned a stable outlook ahead of the state’s plans to
Municipals were little changed Wednesday as U.S. Treasury yields fell and equities rallied after the Federal Reserve held rates steady. “There was a collective sigh of relief in the financial markets after the Fed refrained from increasing its hawkishness at the May FOMC meeting,” said Jack McIntyre, portfolio manager at Brandywine Global. “In fact, nothing really
April saw an increase in volume for the fourth straight month as pent-up demand, dwindling federal pandemic aid and the May Federal Open Market Committee meeting led issuers to tap the capital markets. April’s volume stood at $40.456 billion in 653 issues, up 21.2% from $33.377 billion in 666 issues in 2023. This is above
President Biden’s newly revised environmental permitting rules to implement his climate and environmental-justice agenda faced swift pushback from construction groups and Republicans who say it will delay critical infrastructure and drive up costs. The administration Tuesday released a final rule to revise the National Environmental Policy Act, or NEPA, the rule that governs how it
The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to prove stickier than expected. However, the move also dashes hopes that the Fed will be able to start cutting rates soon and relieve consumers from sky-high borrowing costs. The market is now pricing in one rate cut later in the year, according to the CME’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Home Office enforcement teams began detaining asylum seekers destined for removal to Rwanda in a “large scale” operation across the UK on Wednesday as the union for senior civil servants started legal proceedings over the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US has imposed sanctions on more than 300 Russian and international entities, including some in China and Turkey, for providing support to Russia’s military as it wages war in Ukraine. The fresh measures reflect
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The first quarter’s run of higher than anticipated US inflation numbers have markets in a tizzy. Investors have been constantly tweaking their expectations for interest rates. The problem with all the frantic repricing is that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Marjorie Taylor Greene, the rightwing US congresswoman, has said she will try to oust House Speaker Mike Johnson next week, escalating a civil war within the Republican party that has flared up again after Congress
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Polish prosecutors are investigating whether Orlen, the state-controlled oil and gas company, had links to the Lebanese militant group Hizbollah via its Swiss trading subsidiary. Prosecutor Małgorzata Adamajtys said on Tuesday the investigation would look
While there are thousands of municipal bonds sold in the marketplace each year, some require more care and attention than others to turn into successful offerings. Some require constant refinement and retuning right up to the point of sale before it can become a successful offering for issuer, underwriter and buyer. Such was the case
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US secretary of state Antony Blinken has told Israel and Hamas that “the time is now” for a deal that would free the remaining hostages held in Gaza and halt more than six months of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spanish bank BBVA has offered a 30 per cent price premium to TSB-owner Banco Sabadell in a takeover bid that values its local rival at more than €12bn. Disclosing the details on Wednesday of an
In this article Follow your favorite stocksCREATE FREE ACCOUNT Ryersonclark | E+ | Getty Images Making your home hurricane resistant can be a significant financial undertaking. But it’s one that has the potential to pay off as such storms become more intense amid climate change. In 2024, the national average cost to upgrade an entire
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yemen’s Iranian-backed Houthis are threatening merchant ships hundreds of miles out in the Indian Ocean after striking a container vessel well beyond the Red Sea last week, maritime officials and experts have warned. The drone
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to
The National Football League’s Chicago Bears last week unveiled sweeping plans for a new domed lakefront stadium in the city that they say would cost about $4.7 billion total and involve $900 million in new bond financing through the Illinois Sports Facilities Authority. The plan has vocal backing from Chicago Mayor Brandon Johnson, but got
The Chosen is now streaming on the home of Star Wars, Marvel, and Mickey Mouse. The Bible-based series entered Disney Plus in recent days , giving the award-winning TV show another major outlet and placing it in front of the company’s 112 million subscribers. The first three seasons of the four-season series are on Disney
ISLAMABAD (AP) — A gunman stormed a mosque in western Afghanistan, opening fire and killing six people as they were praying, a Taliban official said Tuesday. Local media reports and a former president of Afghanistan said the mosque was targeted because it was a place of worship for the country’s Shiite Muslim minority. The attack
A group of ex-Google employees has filed a federal labor complaint alleging they were illegally fired by the tech giant for their involvement in office protests over the companys business ties to the Israeli government. Filed with the National Labor Relations Board late Monday, the complaint alleges that Google unlawfully retaliated against workers who staged