Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In its blazingly brief history, OpenAI has become famous for two things: astronomical technological ambition and comical corporate governance. That is not a happy combination. The board’s abrupt sacking of Sam Altman, OpenAI’s chief executive,
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Florida’s labor force grew by 0.2-percentage points in October while the state’s private-sector employment increased 0.3% and the unemployment rate remained steady, FloridaCommerce reported. “Florida’s unemployment rate remains at a low 2.8% and we continue to see job growth month after month, bucking national trends,” Florida Gov. Ron DeSantis posted Friday on X, formerly Twitter.
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The fine print of a revised fiduciary rule proposed by the Biden administration carries a potential impact on the corner of the municipal market that engages in “riskless principal transactions” for taxable munis. The Department of Labor’s proposed Retirement Security Rule would increase regulations around which kind of financial advice and transactions on retirement accounts
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ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. ARK Invest, on Nov. 20, filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of Huel said he was open to a sale of the meal replacement maker, admitting that the flagging initial public offering market has made a UK listing less attractive.  Chief executive James McMaster
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The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH). According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access to trade
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Javier Milei may have won an unexpectedly large majority in Argentina’s presidential election but the self-declared “anarcho-capitalist” faces huge obstacles to implementing his radical programme to shrink government and dollarise the economy. Argentina’s dire state,
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “A date that will live in infamy” was how Franklin Delano Roosevelt described December 7 1941 — the day that Japan attacked America at Pearl Harbor, killing 2,403 US personnel, including 68 civilians. In response,
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Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023,
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