The San Diego area’s Sharp HealthCare plans to bring $343.2 million of fixed-rate revenue bonds to market next week, continuing early next year with variable-rate financings. The fixed-rate tax-exempt bonds will be priced the week of Dec. 18 through conduit issuer California Public Finance Authority, according to an online investor presentation. RBC Capital Markets and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former high-ranking FBI agent who agreed to work as a covert investigator for Russian oligarch Oleg Deripaska has been sentenced in New York to more than four years in prison, after pleading guilty in
Europe’s top central bankers insisted on Thursday it was too soon to let down their guard against high inflation despite an extraordinary volte-face hours before by Jay Powell, chair of the US Federal Reserve. While the European Central Bank and the Bank of England appear determined to push back against rate-cutting speculation, their protests risk
Fiscal problems at the University of Arizona have led to belt tightening, the resignation of its chief financial officer, and a move to increase financial oversight of the state’s public university system. At a special meeting Wednesday, the Arizona Board of Regents unanimously adopted a report that listed recommendations, including enhanced financial reporting and expenditure
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU leaders agreed to open accession talks with Ukraine at a charged summit on Thursday, after Hungary’s prime minister relented in his opposition to the historic step for the war-torn country. The decision marks
New Castle, Pennsylvania, has exited from distressed status under the state’s Municipalities Financial Recovery Program, also known as Act 47, the Department of Community and Economic Development announced Monday. A formal determination letter finding that termination of the city’s distressed status was appropriate under Section 255.1 of Act 47, was signed by DCED Secretary Rick
Oregon’s march toward adding tolls to its mix of transportation revenues may have hit a snag this week. The Oregon Department of Transportation’s plan to toll Portland-area highways hit opposition from a federal lawmaker before it even hit the governor’s desk. The Oregon Transportation Commission had approved a staff proposal — which includes holding public
Back in 2015, when Volodymyr Zelenskyy was “just” a comedy star with the Kvartal 95 troupe, he joked on television that securing American military aid was “like installation of [a] new app on PC [personal computer]”. “In the beginning it is all smooth and fast” but, when the “last percentage remains”, the process glitches —
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. As far as the Bank of England is concerned, it is too soon for a pivot in the battle against high inflation. That was the strong message from Threadneedle Street on Thursday, just hours after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left interest rates unchanged, even as it cut its inflation forecasts for 2023 and next year. The ECB’s decision on Thursday came as investors ramped up their bets that major
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. Global stocks climbed towards multiyear highs while bond yields tumbled on Thursday as traders raised their bets that central banks would begin an aggressive round of rate cuts next year. The sharp moves came after
KTSDesign | Science Photo Library | Getty Images It’s arguably the biggest stock story of 2023: a small number of giant technology companies now make up a very large part of big indexes like the S&P 500 and the Nasdaq-100. Five companies (Apple, Microsoft, Amazon, Nvidia, and Alphabet) make up about 25% of the S&P 500. Six
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jay Powell, chair of the US Federal Reserve, has confirmed what the bond market had already surmised: the pace of US price inflation has peaked. US Treasuries and other global bonds have rallied over the
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England kept rates steady at 5.25 per cent on Thursday as governor Andrew Bailey warned there was “still some way to go” before inflation hit its target. The BoE’s Monetary Policy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a pollster, political consultant and author The reason Donald Trump is currently overperforming as an anti-system, anti-immigrant candidate is that Joe Biden hasn’t realised yet the rules of the next US presidential
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per
This is part of a series, “Economists Exchange”, featuring conversations between top FT commentators and leading economists Back in the midst of the lockdown-induced slump, the British economist Charles Goodhart made a surprising prediction. With annual UK price growth running at less than 1 per cent, he warned that inflation was on its way back —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, the UK and France are exploring ways to convince Hizbollah to pull back from the Lebanon-Israel border in a diplomatic push to prevent a full-blown conflict erupting between the militant group and Israel.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The author is director of the Centre for European Reform The conventional wisdom in Brussels is that the EU is moving inexorably towards a major round of enlargement. Commission president Ursula von der Leyen makes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a professor emeritus at the Stern School of Business at New York University and a co-founder of Atlas Capital The launch of Bitcoin in 2009 was accompanied by strident claims that cryptocurrencies
There are roughly 325,000 married women in Japan with the family name Watanabe. The country has about the same number of Mrs Itos, significantly more Mrs Suzukis and almost twice as many Mrs Satos. But for some reason and for some decades, Mrs Watanabe has been the one chosen to stand as the symbolic byword