Early this year Donald Trump participated in a live town hall event on Fox News. In previous years, this would not be a surprise, or even noteworthy. As president, the former reality-television star and obsessive cable news viewer made Fox an extension of his White House, where he installed a large flatscreen TV in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government on Thursday came under increased pressure to end arms sales to Israel following the killing of seven aid workers in an air strike in Gaza earlier this week. In a letter to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The global boss of consulting firm Accenture has been accused of publicly “shaming” an ousted senior executive, who has alleged that the firm discriminated against him because of a neurological disability. Peter Lacy, Accenture’s former
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What can be done to cut inflation? That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places. It is also worrying politicians such
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Is Intel in the middle of one of the greatest turnarounds in business history? Or has Washington just committed to pouring tens of billions of dollars into a flailing has-been in a vain attempt to
The Environmental Protection Agency Thursday announced $20 billion of grants to spur clean energy projects primarily in underserved areas, marking the largest federal investment to date in climate-related projects. The money, divided among eight applicants, marks the official launch of the $27 billion Greenhouse Gas Reduction Fund created by President Joe Biden’s 2022 Inflation Reduction
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A grandson of French billionaire François Pinault has joined the board of Christie’s in the first sign of third-generation succession planning within the family behind luxury group Kering. François Louis Nicolas Pinault, 26, replaced family
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states.
While a more common feature on corporate bonds and taxable munis, some issuers have priced recent deals with make-whole calls on their short-maturity tax-exempt bonds. So far, the market does not appear to be penalizing issuers. Two mega deals recently priced with make-whole calls for bonds due in 2034 and shorter where the market does
Municipal issuers, dealer firms, and advisors are concerned about relentless efforts to eliminate the tax-exempt status of municipal bonds to pay for budget deficits. A recent report published by the American Enterprise Institute makes a case for keeping the 2017 Tax Cuts and Jobs Act permanent while adding in some extra provisions in order to boost economic
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sell signals come in many forms. Traditional City of London wisdom, for instance, holds that a splashy new headquarters is reason to steer clear of a stock. That is one way to look at Kering’s
Enjoy complimentary access to top ideas and insights — selected by our editors. Peter Shapiro, founder of Swap Financial Group and a former New Jersey legislator and county executive, died at his home in East Orange on March 29 after a long illness. He was 71. Born in Newark, New Jersey, Mr. Shapiro graduated from
S&P Global Ratings revised its outlook on the University of Arizona’s debt to negative from stable Wednesday, citing the school’s deteriorating finances. The move came a month after Moody’s Ratings took similar action. “The negative outlook is based on the anticipation of increased deficit operations and pressured liquidity,” S&P analyst Laura Macdonald said in a
In a move to help local schools across Kentucky deal with rising inflation and soaring building costs, the Legislature has passed a bill to let the districts directly issue general obligation bonds. “Construction inflation has created unprecedented infrastructure challenges for our public schools,” said Rep. Michael Meredith, R-District 19, who sponsored the bill. “HB 727
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Police in Italy and several other European countries have arrested 22 people and seized assets worth €600mn in connection with alleged fraud involving the EU’s post-pandemic recovery fund. The Italian financial police said it had
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Seventy-one years ago, Francis Crick burst into the Eagle pub in Cambridge to announce to startled lunchtime drinkers that he and his fellow researcher James Watson had discovered “the secret of life”. Their deciphering of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan’s latest offering is not a private credit fund, banking app or AI-powered stock picker. It is advertising. America’s largest bank, with more than $2.4tn in deposits, is getting into the ad-selling business. A new
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A while ago, I gave a talk to investors in which I mentioned that Donald Trump was a threat to democracy. It seemed to me a banal statement of the obvious. Trump doesn’t believe in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end retail real
Iran’s supreme leader vowed “tough revenge” in 2020 against those responsible for assassinating Qassem Soleimani, the Islamic republic’s most revered military commander. Within days, Tehran launched a huge ballistic missile strike against a US base in Iraq in retaliation. But Iran also reportedly communicated its intentions in advance, helping to ensure that no American soldiers