Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How bad are things for the Conservatives? Well, let’s start by noting that even Tory MPs aren’t sure about voting for the party. Rishi Sunak has declined to endorse his party’s candidate in this month’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scrutiny of women at the top of companies can be brutal and unsparing. Nowhere more so than in the Wall Street ritual of the earnings call where executives face questions from financial analysts and investors
Everyone is worried about the west. For some it is under attack, from refugees, terrorists or wokery. For others the west is itself the problem, forever imposing its own values as a universal good. But no one is sure what it actually is — or rather, where it stops. It was easier when there was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese authorities’ promise of “forceful” measures last week was their most vocal attempt yet to halt a stock market sell-off that has wiped out almost $2tn in value. For many investors at a Goldman Sachs
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. A tax refund from Uncle Sam. Obliged, sir. See you at Cycene. But the cheque doesn’t sweeten all that much the annual ordeal of filling out the return. Nor is the process a lot
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US carried out strikes in Iraq and Syria on Friday, hitting targets that included elements of Iran’s Islamic Revolutionary Guard Corps, in retaliation for a drone attack killed three American troops based in Jordan.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US authorities have indicted nine individuals in connection with alleged schemes to smuggle Iranian oil, marking Washington’s latest salvo against Tehran as military tensions escalate between the two countries. The US Department of Justice on
A small-town southwest Missouri hospital is scrambling to restructure after its bond trustee declared it to be in default. In a special meeting Friday, the board of Nevada Regional Medical Center agreed to hire Stroudwater Associates’ Jason McCormick as its chief restructuring officer. The hospital had been searching for someone to fill that role after
Municipals saw losses Friday but outperformed by mostly sitting out a larger sell-off in U.S. Treasuries after jobs data showed higher-than-expected gains, forcing another recalibration for participants on rate cut timing. The January employment report came in stronger than expected, with wages rising at the highest rate since March 2022, leading analysts to suggest Federal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese markets are feeling the heat from the latest drama surrounding two property developers: Evergrande and Donald Trump. The latter will potentially have more impact. A Hong Kong court this week ruled that, two years
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nine months from election day, Joe Biden’s re-election campaign must be getting increasingly exasperated. The US economy’s rebound from the pandemic is the envy of the world, but consumers remain gloomy. Job numbers are up
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey’s central bank governor Hafize Gaye Erkan has resigned just months after the country embarked on a major overhaul of economic policy that has featured huge rises in interest rates. Erkan, who was appointed in June
Addressing a crowd of activists on Friday in Tula, the capital of Russia’s arms industry, Vladimir Putin crowed that the country’s economy had defeated western sanctions imposed after his invasion of Ukraine. “They predicted decline, failure, collapse — that we would stand back, give up, or fall apart. It makes you want to show [them]
Los Angeles International Airport had the private-activity bonds supporting its people mover train downgraded to junk with Fitch Ratings citing continuous and ongoing delays and a strained relationship between the developer and the airport. The $1.2 billion in PABs issued through the California Municipal Finance Authority for the project were downgraded to BB-plus from BBB-minus
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor In the tortured politics of Northern Ireland nothing is truly settled. The enduring worth of the Good Friday Agreement was to show that the conflicting claims of unionism
Cleveland-based KeyBanc Capital Markets has tapped AJ Maggio as managing director and national sales manager of fixed income. Maggio will be based in Chicago and report to Brian Brennan, national head of fixed income and derivatives. “AJ has a demonstrated track record growing, recruiting and managing sales producers across all products,” said Brennan. “He also
The Biden administration will not be appealing to the Supreme Court an Eleventh Circuit ruling in favor of states, who’ve challenged the American Rescue Plan Offset Provision that bars states from using federal aid dollars to fund tax cuts, in what may be an end to those state challenges. That decision was communicated in a
The Education Finance Council is turning up the pressure on the Internal Revenue Service for clarifications on bond rules that have gone unanswered for four years. The trade group, which represents state-based and nonprofit higher education finance organizations, is asking the agency via a letter to clarify requirements listed in Section 144(b) of the Internal
SOLVE, a market data platform, has announced the beta version of SOLVE Px, an AI predictive dataset for the muni market. The platform offers next-trade prices for more than 900,000 munis, including those that are traded infrequently. The goal behind SOLVE’s new product is to turn raw data into data-driven insights through AI, with munis
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump said he wanted to replace Jay Powell as chair of the Federal Reserve, accusing him of being “political” and predicting that he would cut interest rates to “help the Democrats” this year. Trump
Stay informed with free updates Simply sign up to the Big tech myFT Digest — delivered directly to your inbox. Big Tech stocks surged on Friday after Meta and Amazon boosted Wall Street’s confidence that Silicon Valley can deliver further profitable growth while continuing to spend billions on artificial intelligence. Meta shares climbed 19 per