Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the U.S. economy is looking more likely but hardly certain, reiterating the continued possibility of further tightening. “A soft landing is increasingly conceivable but in no way inevitable,” Barkin, who will vote on policy decisions this year, said in the text of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurostar has been rebuked by the UK’s advertising watchdog for “misleading” customers over how many cheap seats were available during a sale. The Advertising Standards Authority on Wednesday said a Eurostar promotional email promising £39
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU has added Russia’s Alrosa, the world’s largest diamond-mining company by output and its chief executive Pavel Marinichev to its sanctions list in response to Moscow’s ongoing war in Ukraine. The designation announced
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK gambling group Entain has appointed the head of one of its largest activist investors to its board, weeks after the company’s former chief executive quit following a backlash over a slumping share price. London-listed
A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ended Dec. 29, compared with two
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK grocery price inflation fell at the fastest pace on record in December, according to data from research company Kantar, the latest evidence of a significant retreat in price growth in Britain. Grocery price annual
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US companies have been piling into the market for convertible bonds as they search for ways to keep their interest costs down, in a rare flurry of activity in otherwise subdued corporate fundraising markets. Issuance
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. There is a fair chance that by the time the trees come into leaf in Washington, Frankfurt and London, this decade’s inflation crisis will definitively be over. The eye of the storm has already passed
There will be no fanfare outside the polling booth. Posterity may never know the voter’s name. But early on the morning of January 7, a Bangladeshi will cast the first vote in their country’s fraught national elections and set in motion the most intense and cacophonous 12 months of democracy the world has seen since
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than two-thirds of a UK government fund aimed at unlocking hundreds of thousands of new homes in England remains unspent more than six years after its launch, despite the chronic shortage of housing. The
In this article Follow your favorite stocksCREATE FREE ACCOUNT Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Senator Bob Menendez accepted bribes to take actions favourable to Qatar, federal prosecutors alleged on Tuesday, as they added new detail to the corruption case against the New Jersey Democrat. The 70-year-old, who served
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has sued to reinstate his name to Maine’s presidential primary ballot, after its secretary of state said the former president was disqualified from holding higher office because of his role in the January
US stocks declined in the first session of the year, while Treasury yields surged as traders moderated expectations for interest rate cuts. The benchmark S&P 500 fell 0.6 per cent, dragged down by tech stocks. The tech-heavy Nasdaq Composite slid 1.6 per cent, notching its worst daily fall since late October. Yields on the rate-sensitive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the biggest investors in Thames Water has slashed the value of its stake by nearly two-thirds, intensifying doubts over the financial health of the UK’s largest water distributor. The Universities Superannuation Scheme, a
Municipals were lightly traded and little changed in the first session of 2024 while U.S. Treasuries were weaker and equities lost ground as markets pulled back to reassess expectations after the end-of-year’s large rally. Triple-A yields were softer in spots while USTs saw yields rise six to 10 basis points with the larger losses on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior Hamas leader has been killed in an explosion at one of the group’s offices in Beirut, an attack that Lebanon blamed on an Israeli drone strike. Hizbollah, the powerful Lebanese militant movement, told
The Municipal Securities Rulemaking Board has opened its search for three new board members: two public representatives and one representative from the regulated side, to serve for the 2025 fiscal year. Selected nominees will be elected to four-year terms beginning Oct. 1, and will join the full fifteen-member Board which represents a cross section of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Claudine Gay has resigned as president of Harvard University after her widely criticised appearance at a congressional hearing plunged the elite institution into a bitter national debate on campus antisemitism and prompted scrutiny of plagiarism allegations
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Grey gloom” is not the front-page headline many Britons would have wanted to read at the start of the new year. But the phrase sums up the economic mood according to the Financial Times’s annual
On Jan. 1, New Jersey, New York and Maryland joined a handful of states with a minimum wage of at least $15 an hour. The increase to $15.13 an hour in New Jersey is expected to affect about 350,000 of the state’s 1.9 million hourly workers. Many non-hourly employees will also see an indirect benefit from the statewide