Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. There is a longstanding jibe that IMF stands not for International Monetary Fund, but rather for “it’s mostly fiscal”. That epithet has seemed less generally apposite for a while. Of course, the fund has continued
Illinois’ rainy-day fund crossed the $2 billion threshold for the first time, following an $11.5 million deposit, the state comptroller’s office announced Monday. The fund has grown in size in recent years and now, at $2.005 billion, has enough money to run the sixth largest state for about 15 days compared to 2017 when it
Joe Biden said Israel and Hamas were “very close” to a deal that is expected to free dozens of the civilian hostages held in Gaza in return for a pause in hostilities and the release of Palestinian women and children held in Israeli prisons. Speaking at the White House on Tuesday morning, the US president
A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks. But that could be just the beginning: If a spot Bitcoin ETF receives a greenlight by the U.S. Securities and Exchange Commission (SEC), it
“There is simply no ambiguity in my mind,” said Judge David R Jones as he made a ruling last May in the bankruptcy case of Serta Simmons Bedding, a large, private equity-backed mattress company. “And I appreciate that perhaps a different court reached a different conclusion but, again, I sit in with these matters every
Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the third-party developer has control of the token contracts, and the
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year-over-year.
The state of Missouri and St. Louis County have approved nearly $200 million in incentives to help Boeing Co. expand its current facilities in the St. Louis area as the aerospace company vies to win a large Pentagon contract to build the next generation of fighter planes for the military. The St. Louis County Council
Fitch Ratings revised the outlook on the Greater Orlando Aviation Authority, Florida, to positive from stable. Fitch also affirmed the AA-minus rating on the GOAA’s $1.8 billion of outstanding senior lien airport facilities revenue bonds and the A-plus rating on $867 million of subordinate lien airport facilities revenue bonds. Fitch said its ratings reflect Orlando International Airport’s
Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to
Manhattan, the heart of New York City, is a focal point of global real estate interest, and its dynamic market reflects various economic, social, and geopolitical factors. Given its relative importance, here are five critical areas or factors poised to influence the Manhattan real estate market in the upcoming months. Through a combination of data-driven
Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn. “I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced himself
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription below: Caitlin Devitt (00:04):Hi and welcome to another Bond Buyer podcast. I’m Caitlin Devitt, Infrastructure Reporter for The Bond Buyer. Joining me today, my guest is Karol Denniston, an attorney with Squire Patton Boggs and the firm’s global projects partner, where
Puerto Rico revenues surpassed projections and employment figures suggested more people were working. Net general fund revenues beat Oversight Board’s predictions by 20.4% in the first quarter (July through September), the Puerto Rico Treasury Department announced Monday. “These results are consistent with what other economic indicators reflect, such as retail sales, automobile sales (40.5% year-on-year
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. Andrew Bailey warned markets that they were underestimating the persistence of UK inflation, as the Bank of England governor stressed it was too soon to start cutting interest rates. Bailey told MPs on Tuesday that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There are clever, well-meaning liberals who would have Joe Biden and Kamala Harris run for re-election on the slogan “After All We’ve Done For You”. According to their account of things, the president has given
This time last year Jeremy Hunt was setting out a brutal fiscal retrenchment as the Conservatives sought to claw back credibility following Liz Truss’s disastrous “mini” Budget. On Wednesday Britain’s chancellor will attempt to present a more optimistic vision, as Tory MPs call for tax cuts ahead of a likely election next year. But while
A bathroom remodel – especially for a primary suite – is a major undertaking with tremendous wellness potential for its users. Done well, it can also offer strong resale potential for your property. That’s why it’s worth paying heed to what the pros say is trending. And why I always pay attention when the National
Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu. BTC/USD 4-hour chart. Source: TradingView Whale games conjure Bitcoin’s Q1 2023 Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum building to top out at $37,770 the day prior. Now circling $37,400, Bitcoin
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Laura Trott, Treasury minister, has confirmed that her boss Jeremy Hunt will cut personal taxes in his Autumn Statement on Wednesday, claiming the outlook for the economy had “completely changed”. In spite of flatlining economic
The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October. On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker draining 1% of Fantom Foundation’s funds. The foundation subsequently stopped using some of the affected wallets, reassigning them