During a 35-year career climbing from a trading desk to Oppenheimer & Co. Inc’s head of public finance, Elizabeth Coolidge has seen, and helped foster, an improved atmosphere for women across the public finance industry. Starting out in 1988 at a trading desk, “you had to have a really thick skin,” Coolidge said. “The things
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Once again, Donald Trump is defying the establishment. The blank cheque merger phenomenon that swept US capital markets during the pandemic has largely abated. Cash shell companies brought a series of immature businesses to public
Less than a year after the Taliban retook power in Afghanistan following the US’s chaotic 2021 withdrawal, President Joe Biden vowed the country that once harboured Osama bin Laden would “never again . . . become a terrorist safe haven”. Yet a surge in international terrorist threats linked to Afghanistan is raising alarm among governments that the country that
BlackRock CEO Larry Fink Taylor Hill | Getty Images Entertainment | Getty Images BlackRock Chairman Larry Fink said capital markets can help solve a crisis brewing around the ability of Americans to afford retirement as lifespans elongate, and for the government to provide a basic safety net. In his annual letter to shareholders, Fink called
S&P Global Ratings on Monday raised New Hampshire’s $661.5 million of outstanding general obligation bonds to AA-plus from AA. S&P also raised the state’s $200 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan with the U.S. Department of Transportation. The New Hampshire State House in Concord. S&P Global Ratings on Monday raised New Hampshire’s
Moody’s Ratings on Friday raised Detroit’s issuer and general obligation unlimited tax bond ratings to Baa2 from Ba1, a major milestone for the city, which has waited 15 years to return to investment-grade status. It’s been just over a decade since Detroit filed for bankruptcy and defaulted on its bond debt. In December 2014, the
Stadium financing, a cap on local lease revenue bonds, and an effort to preserve the state’s largest coal-fired power plant were some of the measures signed last week by Utah Gov. Spencer Cox. The Republican-controlled legislature ended its session March 1, passing a $29.4 billion budget for the fiscal year that begins July 1, as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Donald Trump’s social media business rose 26 per cent ahead of its New York market debut on Tuesday, valuing the former US president’s stake at about $5bn as he faces massive legal bills.
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Not enough is said about the other Donald T. Having led Poland between 2007 and 2014, Donald Tusk can take some credit as his nation approaches western European standards of living. Now in his second stint,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world faces a looming “retirement crisis” that requires a rethink of pensions and working patterns as medical breakthroughs boost longevity, BlackRock chief executive Larry Fink warned on Tuesday in his closely watched annual letter
An example of Pacaso’s new lower-priced vacation home listings. CNBC Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market. The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now introducing thousands more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A rescue operation was under way in the US port of Baltimore early on Tuesday after a container ship hit a road bridge which collapsed into the water. Rescue officials told local media that at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy It would not surprise me if future economic history books were to look back at the last week in central
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two law professors have claimed that Sullivan & Cromwell put its own interests before that of FTX’s stakeholders, reviving criticism over the law firm’s role in the bankrupt cryptocurrency exchange’s rise, collapse and unwinding. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Westminster has woken up to the fact that Rishi Sunak is not good at politics. Grumbling about the prime minister’s professional limitations is comforting for Conservatives, because the hope is that with the right staff
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor and executive director of American Compass The era of “the era of big government is over” may itself now be over. Realignment in American politics has already transformed
When Donald Trump hosted Viktor Orbán at his Mar-a-Lago resort earlier this month, he lavished praise on the Hungarian prime minister as a “fantastic” leader for Europe. The evening entertainment included a “members-only” concert with tribute bands for the Beatles and Rolling Stones. But in the afternoon, the pair retreated to a dining room for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bond fund giant Pimco is holding a smaller than usual position in US Treasuries and prefers the bonds of countries such as the UK and Canada, as it believes inflationary pressures may lead the Federal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US faces a Liz Truss-style market shock if the government ignores the country’s ballooning federal debt, the head of Congress’s independent fiscal watchdog has warned. Phillip Swagel, director of the Congressional Budget Office, said
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has started supplying oil directly to North Korea in defiance of UN sanctions, further cementing ties between the authoritarian regimes and dealing a new blow to international efforts to contain Pyongyang. At least five
Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of