Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Federal Reserve officials indicated on Wednesday that they still expected to cut interest rates by 75 basis points this year, a sign of confidence that inflation is cooling sufficiently to reduce borrowing costs. The
The Federal Reserve announced Wednesday it will leave interest rates unchanged, delaying the possibility of rate cuts as well as any relief from sky-high borrowing costs. Overall, expectations that the Fed is pulling off a soft landing have increased, but that offers little consolation for Americans with high-interest debt. And now there may be fewer interest rate
A landmark class-action lawsuit may change the way Americans buy and sell homes. The National Association of Realtors agreed to a $418 million settlement last week in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of
Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The New York attorney-general has rejected Donald Trump’s claim that it was a “practical impossibility” to post a bond while he appeals against a nearly half-billion dollar fraud judgment, escalating the threat that the state
An effort by Utah lawmakers to keep a coal-fired power plant in operation poses risks to the Intermountain Power Agency (IPA), which issued bonds to finance its transition to cleaner fuels and has asked the governor to veto the legislation. Senate Bill 161, which was passed by the legislature in late February would require IPA
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A prominent British-born Israeli government spokesman has been suspended from his role after an online spat with the UK foreign secretary David Cameron over humanitarian aid to war-torn Gaza. Eylon Levy had responded to a
Detective Constable Joe Ryan arrived at a red-brick manor house in Hampstead, north London, early on the morning of October 31 2018. Ryan, a veteran money-laundering investigator with the Metropolitan Police, had obtained a warrant to search the property as part of an investigation into the activities of a 36-year-old woman named Jian Wen. A
Former U.S. President Donald Trump speaks to the media as he arrives at a Manhattan courthouse trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4, 2023. Mike Segar | Reuters If Donald Trump were
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For anyone who thinks the Conservative party is turning back towards its small state beliefs, may I present the Football Governance bill. This measure creates a new regulator for the business of soccer, designed to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak pointed to falling inflation as evidence that his economic plan was working on Wednesday as he attempted to launch an end-of-term fightback in the House of Commons. Speaking at prime minister’s questions, Sunak
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin has fallen 16 per cent from its all-time high last week, as the investor flows into new stock market funds that had driven a huge rally this year go into reverse. The world’s largest
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. For Donald Trump, it would not be seven times a charm. His first six bankruptcies all took place before he went into politics. Most of these occurred in two phases: in the early
On Thursday, southeast North Dakota residents voted down a $14.84 million bond referendum for the Oakes Public School District. The district is about 114 miles from Fargo, near the border with South Dakota. The general obligation bonds were to go toward HVAC and window replacements, Americans with Disabilities Act-compliant restrooms, underground sewer pipes replacements and
On Friday, the Chicago City Council’s Finance Committee will discuss $1.25 billion of general obligation and Sales Tax Securitization Corporation bonds that Mayor Brandon Johnson has urged the City Council to approve. But no vote will take place on the bonds as of yet. The Johnson administration is reportedly aiming to pass the bond measure
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If nothing else, Thames Water’s chair Sir Adrian Montague can be commended for courage. The City veteran agreed to oversee Britain’s biggest privatised water utility last July. Since then, fears over its financial health have
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. Finally some good news for people struggling to get on the property ladder. For too long, Americans have suffered from a convoluted property system that condemned them to pay some of the world’s highest commissions,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing has warned that it will burn more cash in the first quarter than previously expected as the US plane maker grapples with the consequences of the blowout of a door panel in mid-flight from
Townhomes are under construction on July 19, 2023 in Mundelein, Illinois. Scott Olson | Getty Images Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Christine Lagarde has said the European Central Bank will be unable to commit to a particular path of interest rate cuts once it starts to ease monetary policy, despite signs that wage growth has peaked
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. UK rental costs rose at a record pace in February, while house prices stabilised, according to official data. The average UK private rent increased by 9 per cent in the 12 months to February 2024,