Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However, experts have mixed opinions on the proposals. “I know the cost of housing is so important to you,” Biden said during his State
Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. Top central bankers in Europe and the US have moved closer to declaring victory over the biggest inflation surge for a generation, with new data giving policymakers confidence they can cut rates by the summer.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Experience tells me that if you like having arguments with fund managers, or just generally annoying people, one really good way to do that is to initiate a conversation about passive investing. Asset managers tend
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top civil servant on the board of UK Research and Innovation helped science secretary Michelle Donelan draft false allegations of extremism against two advisers to the funding body, sparking claims of a conflict of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s Conservative and Labour parties ended the week scrambling to quell confusion over their tax policies in the wake of Wednesday’s Budget. Tory ministers were accused of creating a muddle over chancellor Jeremy Hunt’s ambition
As the Infrastructure Investment and Jobs Act nears its midpoint, the massive uptick in discretionary grants for transportation infrastructure threatens to undermine the law’s effectiveness because of chronic delays and bureaucratic confusion. That’s what county and state representatives told lawmakers Thursday during a House Transportation & Infrastructure hearing on the rollout of the IIJA’s discretionary
After a difficult year marked by two bitter strikes, the 96th Academy Awards will give Hollywood a chance to project an image of itself exactly the way it wants to be seen. This year’s nominees include critically acclaimed blockbusters (Oppenheimer and Barbie), edgy fare (Poor Things), auteur turns (Killers of the Flower Moon, The Zone
A routine change of leadership on the House Committee on Transportation and Infrastructure is looking more like a power struggle in a legislative body that carries weight in public finance policy and rulings. On Wednesday Rep. Rick Crawford ,R-Ark., formally announced he was running for the Chairmanship of the T&I Committee while Rep. Sam Graves,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has posted a $91.6mn bond to forestall collection of a $83.3mn civil judgment for defaming writer E Jean Carroll, as the former US president races to cover the costly legal judgments that have
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sterling is the only major developed world currency to strengthen against the dollar this year, driven by a stronger than expected UK economy and growing hopes of imminent US interest rate cuts. The pound climbed
President Biden reignited the tax debate in his State of the Union address Wednesday, touting the progress he’s made so far in his three years in office and the amount of work still needed to be done on taxes, setting up a larger partisan battle for the coming year. “The way to make the tax
The Financial Industry Regulatory Authority has fined NewEdge Securities, the brokerage arm of NewEdge Capital Group $90,000, in addition to restitution of $44,927.83 for charging unfair prices on 62 corporate bond transactions and six municipal bond transactions. Along with the fine and restitution, the firm has been censured for violating FINRA Rules 2121 and 2010,
One tool aimed at helping to solve California’s notorious affordable housing crisis appears to be headed for a crisis of its own. Defaults are rising on highly leveraged unrated workforce housing bonds, primarily issued over the last few years in California to purchase apartment buildings, when interest rates were near zero. So far, six out
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It was with a tone of pained regret that Sam Altman and other OpenAI leaders responded this week to a lawsuit from Elon Musk. “We’re sad that it’s come to this with someone whom we’ve
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU will speed up its attempts to set up a maritime corridor for humanitarian aid from Cyprus to Gaza, after US President Joe Biden warned Israel against using aid as “a bargaining chip”. A
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP has named Aviva’s chief executive Amanda Blanc as its next senior independent director in the first major shake-up of the energy company’s board since it oversaw the departure last year of boss Bernard Looney
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former UK prime minister Theresa May has become the latest Conservative MP to announce they will step down in the coming general election. May, who served as premier for three years between 2016 and 2019,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The prevalence of partnerships in the professions is not down to chance. The structure is suited to occupations that rely on reputation, mentoring and long-term relationships. But that is changing. More firms are experimenting with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK asset manager Jupiter is considering dumping £1bn of holdings in its own funds as one of its star managers prepares to leave the company. David Lewis, a manager of Jupiter’s Merlin range, which invests
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Last week, a New York Times poll showed President Joe Biden leading Donald Trump by just 56 points to 44 among non-white Americans, a group he won by almost 50 points when the two men
I’m hard-pressed thinking of what chancellor Jeremy Hunt could have said on Wednesday that would have made me cut short a mountain bike ride in the South Downs in order to ring my stockbroker. Indeed, save for the introduction of pension tax limits in 2006, I struggle to remember any British government decision that affected