Jeremy Hunt is under growing Conservative pressure to remove one of the UK’s most notorious tax cliff edges in his March 6 Budget, where some parents on middle incomes are hit with a 71 per cent effective tax rate. The UK chancellor has said he will fix the issue if he can afford to, although
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK consumer confidence waned in February, according to research company GfK, suggesting that the early optimism for 2024 has abated in the face of persistently high inflation. The consumer confidence index, a leading indicator of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Moon is officially open for business after the first commercial spacecraft successfully touched down on the lunar surface. After an eight-day flight, US-based Intuitive Machines’ unmanned Odysseus lander touched down safely on the lunar
S&P Global Ratings has revised the outlook on Chicago’s general obligation bonds to stable from positive, the rating agency announced Thursday. S&P affirmed its BBB-plus rating on the bonds. The downward revision reflects budgetary pressures that have not been counterbalanced by new revenue growth, S&P said. Specifically, S&P cited rising public safety labor costs, recent
Vice Media is set to stop publishing stories on its website and terminate “several hundreds” of jobs, the latest sign of distress among once-mighty digital media groups that had relied on web traffic for revenue. “It is no longer cost-effective for us to distribute our digital content the way we have done previously,” chief executive Bruce
In this article MELI CVNA SQ PODD LYV INTU BKNG Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty Images Check out the companies making
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A UK government-commissioned review into tackling political violence is poised to back wider use of special police orders to swiftly shut down public protest around democratic venues including parliament, council buildings and MPs’ offices. Lord
Reddit logos Dado Ruvic | Reuters Reddit’s initial public offering will include a quirk that allows some of its most active users to buy the stock. That could make the deal riskier for other investors. On Thursday afternoon, the social media company’s S-1 filing revealed that some Reddit moderators and other users would get the
Startup firm OpenYield is preparing to launch a digital fixed-income trading platform by the end of this quarter tailored toward retail investors. The fixed-income platform will focus on munis, along with Treasuries and corporates, said Jonathan Birnbaum, OpenYield’s founder and CEO. OpenYield can provide users with a “completely modern and equity-like trading experience because our
Municipals were little changed Thursday as muni mutual funds reported another round of outflows and the final deals of the week priced in the primary. U.S. Treasuries were weaker inside 10 years and equities rallied. Municipal bond mutual funds saw the third week of outflows, with LSEG Lipper reporting $11.4 million of outflows for the
Dispensing infrastructure spending, combined with the need for advising on the implementation of the Financial Data Transparency Act has the Treasury Department looking to the private sector for talent and expertise. Recent hires by Treasury seem to indicate the agency’s desire to bolster its staff with experienced experts from the private sector. The money flowing
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. A number of UK lenders have announced mortgage rate increases in a sign that the race towards more competitive offers is slowing, as the prospect of imminent Bank of England interest rate cuts fade.
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A New York judge has scolded a law firm for citing ChatGPT to support its application for “excessive” attorneys’ fees of up to $600 an hour. The Cuddy Law Firm had invoked the predictive artificial
Telluride, a ski resort destination in Colorado, is the first vacation town to sell municipal bonds for affordable housing this year. It likely won’t be the last. The reason for last week’s sale is immediately apparent by typing “Homes for Sale Telluride Colorado” in an Internet browser. The websites that appear show that anyone wanting
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Two decades ago, Steve Jobs, founder of Apple, championed the concept of skills diversification. In a Stanford graduation speech, he revealed that after dropping out of college in his youth, he stumbled into a class
Washington, D.C.-based National Law Enforcement Officers Museum is turning to Congress for help in covering bond payments. The museum, which has struggled since it opened in late 2018, is propping up this year’s budget with a donation from Clint Eastwood, while it lobbies for passage of a House Republican bill that would send it federal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is tough to be a miner when the only material investors care about is silicon. As markets around the world race higher, fuelled by Nvidia’s blowout results and a mounting AI frenzy, mining chiefs
During his second term as Brazilian president in 2010, Luiz Inácio Lula da Silva visited Jerusalem’s Holocaust museum with his Israeli counterpart Shimon Peres and said all world leaders should travel there to understand what happens “when irrationality takes over”. Thirteen years later, Israel’s foreign minister chose the same spot to declare Lula, now serving
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two main issues emerge from the chaos surrounding Wednesday night’s House of Commons debate on the war in Gaza. The first is that a partisan row over parliamentary procedure dressed up as high principle actually
States, municipalities and public entities in the Southeast sold fewer municipal bonds last year than they did in 2022 as the uncertainty about the direction of interest rates took its toll on new issuance during the first half of the year. Full-year volume dropped 6.8% in 2023 to $65.8 billion from the $70.5 billion sold