The 1930s house I grew up in had its laundry machines in a dark, unwelcoming basement area, two flights down from our bedroom closets. Today’s laundry rooms tend to be brighter, more welcoming, more functional and usually better located! That’s a huge benefit for both young families and older homeowners who may have a hard
Gov. Ron DeSantis announced his “Focus on Florida’s Future” budget proposal for fiscal 2024–2025 totals $114.4 billion, down $4.6 billion from the current fiscal year’s budget. Tuesday’s budget proposal keeps $16.3 billion in reserves while paying down an additional $455 million in debt and providing $1.1 billion in tax relief. Gov. Ron DeSantis, 2024 Republican
Municipals improved amid a large new-issue slate pricing in the primary while U.S. Treasuries were back in the black and equities were mixed throughout the day. Triple-A yields fell three to four basis points, depending on the scale, while USTs saw the largest gains out long. The primary market is robust this week, with several
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. JPMorgan Chase chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to the
A proposed crude oil-transporting Utah railway project, which would be financed with private-activity bonds, will officially lose key federal approval next week, following another legal setback this week. The District of Columbia-based U.S. Appeals Court on Monday denied a request by the Uinta Basin Railway and Utah’s Seven County Infrastructure Coalition for a full court
Karen Bass is marking her one-year anniversary as Los Angeles mayor by showing how federal dollars will be put to work for green projects and taking credit for the post-merger relocation of a regional bank to the city. Banc of California Inc., which just acquired rival PacWest Bancorp in a rescue deal, is moving its
South Carolina has removed the Walt Disney Co. from its list of approved investments, State Treasurer Curtis Loftis said Tuesday. Loftis’ office said its portfolio contains $105 million of Disney debt securities that will mature as scheduled and will not be replaced. “Disney has abandoned its fiduciary responsibilities to its investors and customers,” said South
Federal appeals court judges heard Puerto Rico Electric Power Authority bond parties’ request to lift a stay or hold a hearing on it, so they could appoint a receiver to run PREPA, hoping they’d receive more for their bonds than under the Oversight Board’s plan. “The bottom line of all this is that municipal bonds
The Treasury Department said Monday that it’s seen a “remarkable” response to a clean energy tax credits program for wind and solar energy projects in low-income communities, with applications in the first month totaling more than four times the 2023 capacity for the program. President Joe Biden’s 2022 Inflation Reduction Act created the Low-Income Communities
Bitcoin (BTC) clipped $44,000 later on Dec. 5 as the Wall Street trading session delivered more snap BTC price gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin applies more pressure to the bears Data from Cointelegraph Markets Pro and TradingView followed a fresh round of upside for Bitcoin as it outpaced altcoins to reach $44,011 on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The administrator for the company at the centre of René Benko’s property empire has sacked the party planners, receptionists, hunters and private jet crew that together made up most of its staff, a court application
If you had your eye on a house or neighborhood in a certain price point but weren’t able to borrow enough for a loan, your luck may change in 2024. Last week the Federal Housing Finance Agency and Federal Housing Administration announced the increases to how much buyers can borrow for loans backed by the
Six years ago, amid much hoopla, Foxconn Technology Group announced plans to invest $10 billion in a manufacturing plant in Mount Pleasant, Wisconsin. Those plans, laden with state and local incentives, came far from fully materializing. But a new deal with Microsoft may help fill the void. Last week, the village of Mount Pleasant and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A surge in the number of Americans choosing “buy now, pay later” payment methods for their holiday shopping is raising concerns among advocacy groups that many lower-income consumers will find themselves struggling to pay their
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water wants to shed a reputation as ripe as the sewage it spilled into two rivers in southern England. Interim co-chief executive Cathryn Ross promised on Tuesday that Thames Water will be “honest” about
Municipal bond supply projections for 2024 so far are at a high of $450 billion and a low of $330 billion, with most firms anticipating issuance next year will surpass 2023’s lackluster total. While most firms forecast issuance to rise year-over-year, the figures they present are less than the record levels hit in 2020 and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indian businessman Prateek Gupta has accused employees of commodity group Trafigura of seeking his collaboration in covering up a multimillion-dollar trading fraud, London’s High Court heard on Tuesday. In one of the largest scandals to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wells Fargo is setting aside as much as $1bn for “unanticipated” severance costs in the fourth quarter of this year, as the US bank seeks to lower expenses and with fewer employees leaving voluntarily. Chief
Bitcoin (BTC) returned above $42,000 on Dec. 5 as analysis remained suspicious of market manipulation. BTC/USD 1-hour chart. Source: TradingView Analysis: New Bitcoin bids not “organic” Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound taking BTC/USD to highs of $42,498 on Bitstamp. These beat the 19-month peak set the day prior,
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is international policy director at Stanford University’s Cyber Policy Center and special adviser to the European Commission The Open AI saga made it abundantly clear that democratic institutions ought to govern powerful AI
Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. Brussels has proposed delaying the introduction of tariffs on electric vehicle sales between the UK and EU by three years, agreeing to a request from London backed by the automotive industry. The European Commission will