Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A year out from the next US presidential election, there are clouds on the horizon for Joe Biden and the Democrats. Two weeks ago, a survey by The New York Times put Donald Trump ahead
Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. As prices surged, some pointed the finger at profiteers. Cue a heated debate, which along with inflation has mercifully now cooled. With the benefit of time and data, what have we learnt about “greedflation”? Naysayers
Shortly after Janet Truncale was picked as the next global chief executive at EY, she dialled in to a video call with executives in the US, appearing alongside two of the people she had beaten in the race and the head of EY’s US business, who had pushed for another candidate. The call with fellow
Iran’s top diplomat has revealed that Tehran told the US through back channels that it did not want the Israel-Hamas war to spread further, but also warned Washington that regional conflict could be unavoidable if Israeli attacks on Gaza continue. “Over the past 40 days, messages have been exchanged between Iran and the US, via
European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter
Gas fees on Ethereum layer-2 Polygon (MATIC) surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS. In a Nov. 16 X (formerly Twitter) post Polygon founder Sandeep Nailwal shared his surprise at the elevated transaction activity on the network saying the
US stocks closed slightly higher on Thursday after a late afternoon rally, marking three positive sessions in a row despite a steep decline in oil prices, which sent energy stocks lower. The benchmark S&P 500 added 0.1 per cent on Thursday, even as the index’s energy sector dropped more than 2 per cent. Brent crude,
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of
The Puerto Rico Oversight Board told the government that a legislature-adopted tax reform bill is too expensive. The board said the tax cuts in the bill — passed by the Puerto Rico House of Representatives Tuesday — would cost Puerto Rico’s central government $3 billion over five years. “Fiscal irresponsibility resulted in painful adjustments to
With an ever-changing landscape that now includes artificial intelligence, firms in the municipal market can be overwhelmed by the technology choices facing them, and their decisions will impact their bottom line. As new technology tools are developed will the current infrastructure become obsolete, requiring new investment? These questions and others have brought the build versus
Municipals were firmer Thursday as a billion-plus dollar deal from the New Jersey Transportation Trust Fund Authority priced in the primary market and outflows continued. U.S. Treasury yields fell and equities ended down. Triple-A yields fell one to five basis points, depending on the scale, while UST were better by six to 10. The two-year
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Oil prices slumped to their lowest levels since early July on Thursday, putting pressure on the Opec+ group of major oil producers to consider extending and deepening production cuts when they meet in
Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview.
Israel is planning military operations in southern Gaza and has asked residents of some neighbourhoods to evacuate their homes, according to leaflets dropped into the city of Khan Younis that signalled a potential widening of Israel’s invasion. Israel has mainly focused operations in northern Gaza during its war against Hamas, while also carrying out air
The Senate has passed a continuing resolution measure 87-11 that will keep the lights on until Jan. 19 and Feb. 2, avoiding a government shutdown this year, but increasing the stakes significantly for further funding discussions after the holiday season. The measure will give Congress room to breathe as it deals with pressing concerns of
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt plans to spend an extra £2.5bn on employment support for people suffering from long-term sickness and joblessness, as part of a broader push to cut the welfare bill and boost the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt is looking at cutting inheritance tax and business taxes in next week’s Autumn Statement, as ministers confirmed he would have more fiscal “headroom” than expected for giveaways. Hunt is under significant pressure from
In a series of recent studies, we analyzed and identified the richest cities in a couple of Rocky Mountain states. These included the richest cities in Colorado and Utah. Now, we turn our focus on one of their neighbors; the state that is the least populated in the United States — Wyoming. We analyzed over
Cryptocurrency may be “out of fashion”, but it still draws new users to Web3 every day, in particular in emerging markets such as Brazil, according to Bitcoin maximalist José Ribeiro, CEO of crypto exchange Coinext. During the Web Summit in Lisbon, Ribeiro discussed with Cointelegraph’s Joe Hall Bitcoin’s perspectives, Brazil’s vibrant crypto economy and how
Bryce Pickering, the recent head of municipal trading at Barclays, is heading to New York-based First Eagle Investments, where he will join former Nuveen muni veterans John Miller and Carl Katerndahl to launch a high-yield municipal bond shop. Pickering will be the firm’s head of high yield municipal credit trading. “I am quite excited for