Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. One-year-old healthcare start-up Hippocratic AI has gained a $500mn valuation following a funding round, as Silicon Valley investors seek to cash in on promising new applications built using generative artificial intelligence. The Palo Alto, California-based
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia has unveiled its latest artificial intelligence chips, which the company claims are far more powerful than its existing market-leading hardware, as it sets its sights on extending its domination of the burgeoning industry. Chief
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden warned Benjamin Netanyahu on Monday that an assault on Rafah “would be a mistake”, as he asked Israel’s prime minister to send a delegation to Washington with alternative plans for the next stage
Municipals were slightly weaker by a few basis points Monday as the New York Metropolitan Transportation Authority offered $1.3 billion of revenue refunding green bonds to retail investors. U.S. Treasury yields rose ahead of the Federal Open Market Committee meeting and equities ended the session up. In the primary market Monday, Jefferies held a one-day
The number of Federal Reserve rate cuts expected this year has dwindled and the first one isn’t likely before June, analyst said, as inflation numbers continue to come in hotter-than-expected. While the market was initially expecting six or seven 25 basis point cuts this year, Gary Quinzel, vice president of portfolio consulting at Wealth Enhancement
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So much for “levelling up”. In 2019 the Conservative party stormed to an election victory partly on the promise to boost Britain’s “left behind” regions and nations. Nearly five years later, the government has little
The California Senate introduced a plan that would shrink the state’s deficit, but still leave a sizable gap. Calling it an early stab at the shortfall, Sen. Leader Mike McGuire, D-North Coast, and Senate Budget & Fiscal Review Committee Chair Scott Wiener, D-San Francisco unveiled a plan last week that cuts $17 billion through program
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s securities regulator has accused Evergrande and its founder Hui Ka Yan of inflating its mainland Chinese revenues by almost $80bn over 2019 and 2020, in the first detailed allegations by authorities to shed light
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump is unable to secure the bond needed to postpone the enforcement of a $464mn fraud judgment against him in a New York civil court, his lawyers said on Monday. The former US president’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Reckitt’s chief executive has vowed to overturn the damaging verdict of a jury in the US that the company’s Enfamil baby formula caused the death of a premature infant, insisting that the products are safe to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stephanie Cohen, one of the most senior female executives in Goldman Sachs’ history, is leaving to become chief strategy officer of digital services group Cloudflare. Cohen’s exit is the latest in an exodus of top
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Who’s the fucking superpower here,” said Bill Clinton, after his first meeting with Benjamin Netanyahu in 1996. The former US President was outraged by the new Israeli prime minister’s hectoring arrogance. Almost 30 years later,
Chris Wattie | Reuters Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease
Former U.S. President Donald Trump holds up a news story about New York Attorney General Letitia James as he speaks to the media at one of his properties at 40 Wall Street following closing arguments at his civil fraud trial on January 11, 2024 in New York City. Spencer Platt | Getty Images Donald Trump
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is director of economic policy studies at the American Enterprise Institute Nippon Steel and US Steel reached a deal in December for the Japanese steelmaker to acquire its iconic US competitor. The acquisition
Municipal bond buyers hungry for high-yield paper will get to feast on a deal coming to market this week from a New York issuer. The Suffolk Regional Off-Track Betting Corp. in New York will issue $349.02 million of Series 2024 tax-exempt revenue bonds. KeyBanc Capital Markets is expected to price the deal on Tuesday. Munistat
Assured Guaranty has promoted two of its employees and brought on a former Citi employee to grow its new-issue and secondary market business. Marc Livolsi will now act as the firm’s U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos will lead Assured’s Secondary Markets desk, both of whom will report to
A two-family house is under construction November 17, 2023 in Shelburne, Vermont. Robert Nickelsberg | Getty Images U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates. Homebuilder sentiment rose 3 points in March to 51 on the National Association
Sturti | E+ | Getty Images Spring, the season when home buying and selling activity kicks off, is around the corner. Available housing supply is already rebounding: The number of new listings jumped 14.8% from a year ago, the largest annual gain since May 2021, according to new data from Redfin, a real estate
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Leading western and Chinese artificial intelligence scientists have issued a stark warning that tackling risks around the powerful technology requires global co-operation similar to the cold war effort to avoid nuclear conflict. A group of
Private borrowers that issue tax-exempt bonds through Pennsylvania conduit issuers don’t need to follow the state’s prevailing wage requirements for public projects. That’s the final word from the Pennsylvania Supreme Court, which in February decided a case that was filed in 2018 over bonds issued in 2016. Ursinus College issued bonds through a public authority