Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The US has urged Ukraine to halt attacks on Russia’s energy infrastructure, warning the drone strikes risk driving up global oil prices and provoking retaliation, according to three people familiar with the discussions. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When US political strategist James Carville, then a senior aide to presidential candidate Bill Clinton, declared that one of the keys to winning the 1992 election was “the economy, stupid”, he was stating one of
Last November, Meta started offering users in the EU a new version of Facebook and Instagram. In exchange for as much as €12.99 per month, the company promised neither to process data for personalised adverts, nor to show any ads at all. I dislike being hounded to buy stuff, and watched with envy. Could changing
When Stephanie Cohen joined Goldman Sachs right out of college 25 years ago, even her fellow analysts could tell the fast-talking Chicago native was going to go far. Fizzing with energy, she was “scarily smart” and thrived on the long hours investment banking required. Blunt yet very funny, she joined the elite partner ranks while
The Bank of England governor has signalled markets are right to expect more than one interest rate cut this year, saying he is increasingly confident inflation is heading towards target. Andrew Bailey told the Financial Times that rate cuts were “in play” at future meetings of the BoE Monetary Policy Committee amid signs that tighter
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK consumers’ confidence about their personal finances has hit the highest level in more than two years, according to a closely watched survey. Research company GfK said on Friday that people’s outlook on their own
FedEx has lifted its full-year earnings guidance, sending shares 12 per cent higher in after-hours trading on Thursday even as the company missed sales and profit expectations for its most recent quarter. The logistics group, a bellwether for global growth, forecast adjusted earnings of $17.25 to $18.25 a share for the fiscal year, up from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A legal stand-off between Donald Trump and a former business partner is coming to a head, with a vote set to determine whether or not the former US president can unlock a potential $3.5bn windfall
Your browser does not support playing this file but you can still download the MP3 file to play locally. FT correspondent Josh Oliver spent years covering crypto and the legal troubles of Sam Bankman-Fried. Last week, he published Hype Machine, a book about it all. Today he joins us to talk about SBF’s sentencing next
Municipals saw spots of weakness on the short end of the curve while two high-grade issuers priced the largest deals left of the week, mutual funds saw smaller inflows and U.S. Treasuries closed the session softer 10-years and in, but a touch stronger out long. Equities rallied as the markets contemplated the better likelihood of
Employee-owned international broker-dealer Baird has added depth to its newly launched California Public Finance group with the addition of Alex Boutyrski. Boutyrski, who joins as senior vice president in the Los Angeles office, has more than 10 years of public finance experience. He will work with John Baracy, a Baird managing director, who the firm
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Republican Speaker of the House plans to invite Benjamin Netanyahu to address Congress, in a move likely to deepen tensions between the White House and Israel over the war in Gaza. The speech would
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the years it has taken Nvidia’s graphical processing units, first developed for video gaming, to find their way to the centre of the computing world, chief executive Jensen Huang has been nothing if not
House Speaker Mike Johnson has unveiled a new $1.2 trillion spending package to keep the federal government funded throughout the remainder of FY 2024 in a bipartisan compromise bill that cuts $20 billion from the Internal Revenue Service, and provides massive funds for defense and homeland security, among many others. The introduction of the bill
Utah Gov. Spencer Cox said Thursday he will sign by the end of the day a bill that has been flagged by the Intermountain Power Agency (IPA) as posing risks to its bond-financed transition from coal to cleaner fuels. The legislation aims to keep the state’s largest coal-fired power plant located near Delta, Utah, in
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 25, 2023. Jeenah Moon | Reuters A New York judge ordered Donald Trump‘s company Thursday to tell a court-appointed financial watchdog about any future efforts to obtain bonds
The Internal Revenue Service has finalized the rules monetizing clean energy tax credits, which frees up non-profit power companies to issue more debt that can be used to finance electrical infrastructure projects. “Elective payment” was created by the Inflation Reduction Act and allows non-profit power companies to use tax credits created through green energy projects
Investors turned up the heat Wednesday on the Regents of the University of California’s $1.1 billion Build America Bonds refunding, bringing on high-profile law firm Kramer Levin and telling the university it must either pay bondholders more for the make-whole premium, cancel the deal or face a lawsuit for breach of contract. It’s the latest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of the Investor Coalition for Equal Votes and senior investment manager at Railpen This week Reddit has gone public on the New York Stock Exchange in a highly anticipated listing. However,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in social media company Reddit leapt more than 38 per cent on its market debut, in a vote of confidence for initial public offerings after two years of subdued activity. The stock opened at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is actively exploring how to work around an EU treaty clause prohibiting arms purchases from the union’s budget, as it steps up efforts to increase financing for defence and Ukraine. The European Commission, the