The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high.
The Bank of England is gearing up to overhaul the way it produces and communicates its outlook for the economy after it was criticised for failing to predict the jump in inflation after the pandemic. Andrew Bailey, the Bank of England governor, told the Financial Times that he is expecting the central bank to drop
An attempt by Austin, Texas, officials to seek court validation for bonds to help finance a multi-billion-dollar light rail project faces a key test this month. The eligibility of Austin Transit Partnership, a corporation created by the city and the regional Capital Metro Transportation Authority to spearhead Project Connect’s development and financing, to petition for
U.S. Securities and Exchange Commission chairman Gary Gensler testifies during a Senate Banking Committee hearing on Capitol Hill September 12, 2023 in Washington, DC. Drew Angerer | Getty Images The annual two-day “SEC Speaks” event kicked off Tuesday, offering clues to what the priorities will be for the Securities and Exchange Commission in the coming
Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. German inflation fell more than forecast in March, bolstering hopes that the European Central Bank will soon start cutting interest rates as the worst cost of living crisis for a generation subsides. Consumer prices in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla reported a bigger than expected drop in its quarterly deliveries in the first three months of the year, sending its shares more than 5 per cent lower in early Wall Street trading on Tuesday.
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:03):Hi everyone and welcome to the Bond Buyer podcast, your go-to source for
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has carried out its longest-range drone strikes in Russia more than two years into Moscow’s full-scale war, injuring at least a dozen people in an attack on an industrial facility and a refinery
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spare me, please, another long read about the bitter atmosphere in the UK after 14 years of Conservative rule. Of course it is bitter. Which outgoing government of comparable lifespan was kissed farewell and thanked
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spain aims to recognise Palestinian statehood by July in a move that it hopes will open the way for more western powers to follow suit. Spanish Prime Minister Pedro Sánchez, one of the most vocal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The father of mortgage-backed securities, unsurprisingly, puts his faith in the power of markets. Larry Fink last week released his perennially anticipated shareholder letter. This year, he focused on his concerns about global retirement safety
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran and Hizbollah on Tuesday vowed to retaliate after a suspected Israeli air strike on Tehran’s consulate in Damascus killed seven Revolutionary Guard officers, including two ranking commanders. Iran’s president Ebrahim Raisi said that Monday
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US National Security Council has urged Israel to investigate after seven members of the humanitarian organisation World Central Kitchen were killed in an air strike in Gaza on Monday night. The organisation said on
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices unexpectedly fell in March, according to fresh data that suggests there was a pause in the market’s recovery as mortgage rates fluctuated in early 2024. House prices fell 0.2 per cent
Israel Frey knew he risked causing offence when he delivered a Jewish prayer for the dead days after Hamas’s devastating October 7 attack on southern Israel. He did not realise it would upend his life. A small group of residents in Tel Aviv had asked him to offer the Kaddish blessing for the 1,200 victims
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Buck’s, the exclusive Mayfair gentleman’s club favoured by royals, military officers and financiers, is facing a revolt among members after disgraced hedge fund manager Crispin Odey was put forward to join. Odey, whose eponymous hedge
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management While the US economy showed extraordinary resilience last year, Europe has had a tougher time of it with growth
Stay informed with free updates Simply sign up to the Technology myFT Digest — delivered directly to your inbox. Set your WhatsApp messages to auto-delete: foreign spies might be reading them. That’s the advice that GCHQ, the UK’s signals intelligence agency, has given politicians after the British government publicly blamed China for two cyber campaigns
When Paul Smith first started running a bar in Stirling, in central Scotland, in 1981, the norm in hospitality was for wages to account for about 10 per cent of sales. Now, he operates pubs, clubs and other venues across the country in an industry where staff costs absorb some 36-38 per cent of sales.
Just hours after he was ordered by a New York judge to pay $454mn for fraudulently inflating the value of his properties, Donald Trump held a fundraising event at his ritzy Mar-a-Lago resort in Palm Beach. The biggest donors received signed Make America Great Again caps. They also drank a 2020 vintage of Trump Meritage
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. US investment firm Clayton, Dubilier & Rice has agreed to buy IT business Presidio from UK rival BC Partners, according to several people familiar with the details, in the latest sign that private equity dealmaking