Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The dollar hit a three-month low on Tuesday and US Treasury yields slid as investors grew increasingly confident that the US Federal Reserve will start cutting interest rates by mid-2024. The US currency slid
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. There is no scope to cut UK interest rates “anytime soon”, a Bank of England policymaker has warned, echoing warnings from senior officials that borrowing costs will remain at or near their current level
A team of public finance bankers focused on healthcare has left Citigroup Inc. for rival Jefferies Financial Group after the firm’s executives have mulled closing the municipal banking department altogether, according to people familiar with the matter. The group of about 10 bankers departing for Jefferies includes managing directors Brian Carlstead, Ben Klemz, and Katherine
David Paul Morris/Bloomberg U.S. regulators’ swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits. That’s the assessment of two Federal Reserve Bank of New York researchers writing in a
Declining enrollment and fiscal constraints were cited by Moody’s Investors Service in a one-notch downgrade of Issaquah School District 411 in King County, Washington. The school district’s outlook was also revised to stable from negative, according to Monday’s ratings report. The district has roughly $670 million of general obligation unlimited tax (GOULT) debt. The Moody’s
Anyone who has ever had the privilege of living on the waterfront will tell you that this is living. The new house has a big waterfront view on Oswego Lake. LUXE On the western edge of Oregon’s Oswego Lake is an exclusive district known as the Gold Coast. The neighborhood enjoys access to recreational and
Chicago’s bond ratings have improved, but the city has more work to do, even after the recent passage of Mayor Brandon Johnson’s $16.77 billion 2024 budget by an overwhelming majority of the City Council on Nov. 15. While the city has made some important progress on the expenditure side, the new mayor’s first budget didn’t
Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval:
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Not long ago, “most governments had believed that closer economic integration would promote long-term prosperity. Now, integration is seen as a source of risk and insecurity.” This is how London-based Capital Economics introduces an intriguing
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription:Lynne Funk (00:03):Hello everyone and welcome to another Bond Buyer podcast. I’m Lynne Funk, executive editor at The Bond Buyer, and I am very excited to welcome this year’s public and private sector. Freda Johnson Award winners to the show today. Megan
Fitch Ratings has upgraded Pennsylvania’s issuer default and outstanding general obligation bond ratings to AA from AA-minus. Fitch also raised the bonds supported by state appropriations to AA-minus from A-plus and the ratings on state school credit enhancement programs linked to the commonwealth’s IDR to AA-minus from A-plus. The rating outlook on all the bonds
Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adobe’s proposed $20bn merger with Figma would harm competition in product design software by uniting two of the main companies in the sector, the UK’s antitrust regulator has said in the latest challenge to the
Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees artificial intelligence (AI) could pose to humanity has attracted many fiery responses from AI and blockchain community members. On Nov. 27, Buterin published a blog post titled My techno-optimism, which discussed how AI is “fundamentally different” from other inventions like guns, airplanes and social media.
Stay informed with free updates Simply sign up to the Politics myFT Digest — delivered directly to your inbox. At the next general election, British voters will return either a centre-right government or a centre-left one. For comparison, the spread of plausible outcomes in the US includes a second term of Donald Trump. In France?
Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago on
If you’re planning on remodeling a bathroom in your home, particularly the one in your primary suite, you’re probably going to be incorporating some technology in the project. While that might seem counterintuitive, many of the top trends rely on smart home features to make your space more spa-like. These were highlighted in the recent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS chair Colm Kelleher said he would like to line up a shortlist of three potential successors for chief executive Sergio Ermotti within the next “couple of years”, aiming to emulate the smooth succession process
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The new minister for the City of London has said UK regulators need to be more comfortable with risk-taking by companies. Bim Afolami, who was promoted in a ministerial reshuffle this month, said on