Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia revenues soared 265 per cent in the latest quarter to $22.1bn as the world’s most valuable chip company benefited from a spending frenzy on artificial intelligence. The revenue performance beat analysts’ already heightened expectations
Former U.S. President Donald Trump gestures on the day of a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election, in New York State Supreme Court in the Manhattan borough of New York City, U.S., February 15, 2024. Andrew Kelly |
Municipals were slightly firmer in spots Wednesday, as U.S. Treasury yields rose and equities saw more losses after January’s Federal Open Market Committee meeting minutes showed the Fed was not in a hurry to cut rates. Triple-A yield curves were firmer by a basis point or two while a larger new-issue calendar was the focus
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Federal Reserve officials were wary of cutting interest rates too quickly this year, according to a record of their last meeting in January, as they remained “highly attentive” to the risk of resurgent inflation.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft, weeks after a door panel blew out of one of the planes on an Alaska Airlines flight. Ed Clark, a vice-president and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US chip company Intel will make high-end semiconductors for Microsoft, the companies announced, as it seeks to compete with TSMC and Samsung to supply the next generation of silicon used in artificial intelligence for customers
Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a
The Biden administration Tuesday announced $5.8 billion in water infrastructure funds for states, tribes and territories, the latest round of funding from the Infrastructure Investment and Jobs Act record level of clean water investment. Th money includes $3.2 billion for the Drinking Water State Revolving Fund for water projects and $2.6 billion for the Clean Water
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mike Ashley’s Frasers Group has accused Morgan Stanley of “snobbery” over its decision to impose a $1bn margin call, claiming the bank’s move was driven partly by the entrepreneur’s humble beginnings. Appearing on the opening
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opposition leader Sir Keir Starmer was set to dodge a large-scale rebellion of Labour MPs on Gaza on Wednesday after a controversial decision by the House of Commons Speaker sparked outcry in Westminster. The move
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the provost and professor of economics at Sciences Po in Paris and a longtime friend of Alexei Navalny The killing of Alexei Navalny in an Arctic prison is terrible news — not
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of nearly $1.5 billion. The top 20 bond financings have a cumulative amount of more than $13 billion. Scroll through to see which bond financings are in the top
The Midwest region saw larger municipal bond deals yet fewer issues in 2023 compared to the previous year. Robust deal amounts in nearly half the region’s states offset declines in the remaining states in both overall volume and number of issues. Tax-exempt new money deals surged as Illinois overshadowed its neighbors in both deal size
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the most common criticisms of Keir Starmer among those in and around Westminster is that the Labour party leader is not very political. It is a peculiar line to take about a man
Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research Center. Slightly more than half of all those surveyed, 52%, believe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Early on in his leadership, Sir Keir Starmer would occasionally address the scale of the task he faced by saying that he needed to do in just five years what Neil Kinnock, John Smith and
Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. Chris Rokos’s hedge fund has racked up profits of more than $1bn so far this year after a bet on US interest rates paid off. Rokos Capital Management, which manages just under $16bn of assets,
While pension funded ratios for states and other municipal issuers have improved in the last five years, measures of pension safety have deteriorated, analysts say. The condition of pensions is still the “elephant in the room” for municipal bonds, said HilltopSecurities Managing Director Tom Kozlik. Supporting pensions absorbs a large percentage of government spending. “That’s
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. It pays in US politics to follow the money. In Donald Trump’s case, the money is flowing away from him in the form of various fines and damages — roughly $530mn worth in
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023. Andri Tambunan | AFP | Getty Images Mortgage interest rates surged last week to the highest level since early December, and that hit mortgage demand hard. Total application volume plunged 10.6% compared
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The former chair of the Post Office has released a memo that alleges he was told by a senior civil servant to stall requests for government support and develop a financial plan to “hobble” into