Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street stocks have begun the year with a technology-led hangover after the rally that ended 2023 turned cautious, putting tech stocks on course for their worst day in more than two months. The Nasdaq
When the full Indianapolis City-County Council on Dec. 4 approved a plan to finance Eleven Park, a $1.5 billion mixed-use development anchored by a minor-league soccer stadium, the vote was nearly unanimous. The plan, authorized by Indiana’s General Assembly, carves out a new tax area downtown: the Additional Professional Sports Development Area. It will enable
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey has accused Israel of spying on its territory and plotting attacks on Palestinians living there as relations between the two countries worsen over the conflict in Gaza. Turkish intelligence agents and police carried out
The Municipal Securities Rulemaking Board is gearing up to change how broker-dealers operate in 2024, as the controversial move to a one-minute trade reporting window will come into effect, a change to a T+1 settlement cycle, in addition to a new proposal aimed at soliciting market feedback on pre-trade data. The board’s last few years
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Tesla has lost its position as the world’s most popular maker of electric vehicles to Chinese rival BYD despite quarterly sales that beat analysts’ estimates. The US company, run by Elon Musk, delivered 484,000 cars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 2mn people in London and the South East are set to be pushed into a higher tax bracket, according to research that underlines the electoral threat to the Conservatives in many of its
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. It is bad manners to pre-empt the FT’s annual prize for individual achievement, but the Person of 2024 will be “the voter”. Among the democracies that are due to choose a national government this year are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Five people have been killed in an aircraft accident in Japan after a passenger plane with 379 people on board was in a collision with a coast guard plane and caught fire at Tokyo’s Haneda
Stay informed with free updates Simply sign up to the Education myFT Digest — delivered directly to your inbox. The writer is director of the Social Market Foundation think-tank “I love the poorly educated.” Donald Trump may have put it in the crudest terms, but the former US president is not alone among politicians on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan dispatched 10,000 of its military forces to help rescue and relief efforts after a powerful earthquake on the west coast on New Year’s Day left at least 48 dead and dozens injured. Prime Minister
One note to start: In this special edition of DD, we’re looking ahead to some of the biggest themes that will affect dealmaking, private equity, corporate finance and much more in the coming months. We’ll be back to our scheduled programming on Tuesday, January 9. Thanks for reading and happy new year from Arash, JFK
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Asset managers have launched the lowest number of funds for UK investors in two decades, as higher living costs and interest rates have prompted investors to move out of investment funds. Some 397 funds started
A series of scandals and strategic mis-steps exposed shortcomings in the governance of Big Four accounting and consulting firms in 2023, prompting a rethink about how best to hold management to account. EY’s US partners voted before Christmas to introduce a new governance system that includes a board to oversee management and approve strategy, according
A few years ago, the Oxford physicist David Deutsch came up with a simple and beguiling theory, which he called the principle of optimism. In his view, all knowledge that does not contradict the rules of physics is attainable through the application of science and reason. The only variable is how long it takes us
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In his warehouse workshop, Wu Chi-kai, one of Hong Kong’s few remaining neon craftsmen, has for decades bent glass tubes into one of the most instantly recognisable symbols of the Chinese territory — brightly coloured
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. Wine, port and sherry prices fell in December as UK food inflation eased to its lowest rate since June 2022, according to industry data. The British Retail Consortium (BRC) said on Tuesday that annual food
UK economic growth will continue to be “anaemic” ahead of the general election, according to leading economists who called on the government to boost investment to revive the country’s economic prospects. Among nearly 100 economists who responded to the annual Financial Times questionnaire, the prevailing view was that living standards would improve in 2024 for
UK voters will enjoy higher wages but continue to struggle with mortgages and rent ahead of the next election as the cost of living crisis gives way to an uneven “grey gloom”, according to a Financial Times economists survey. A majority of the 90 respondents to the FT’s annual poll of leading UK-based economists said
US politics gets back to work this week, as President Joe Biden returns on Tuesday from his holiday in the US Virgin Islands, while Congress convenes on Wednesday for a largely ceremonial opening session. Former president and likely 2024 contender Donald Trump stumps in Iowa this week. On Wednesday the Federal Open Market Committee issues
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s top court has struck down a contentious law to overhaul the judiciary passed by Benjamin Netanyahu’s far right government, in a move that could reopen bitter divisions in the country over the changes. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s central bank governor has urged Prime Minister Benjamin Netanyahu to rapidly curb public spending, warning that markets could react badly if his government failed to act over the Shk210bn ($58bn) cost of the war