Events: US defence secretary Lloyd Austin and South Korean defence minister Shin Won-sik hold the inaugural ministerial-level meeting in Seoul with the UN Command, the multinational military force established during the Korean war. Joseph Li, the state-appointed Catholic archbishop of Beijing, begins a five-day trip to Hong Kong. Taiwan’s Central Election Commission decides if Foxconn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Singapore’s GIC, one of the world’s largest institutional investors, has advised “doubling down” on Big Tech rather than overvalued start-ups in the booming generative artificial intelligence sector. Lim Chow Kiat, chief executive of the $700bn
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to
Moody’s Investors Service revised its rating outlook for the Aaa-rated District of Columbia to negative Monday, matching its Friday action on the United States government. At the same time, the rating agency affirmed the Aaa issuer ratings and stable outlooks of Florida, Maryland and Virginia. The actions follow Friday’s outlook revision on the United States
Solana’s native token (SOL) experienced a remarkable 58.6% surge in just five days, reaching an $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment. To put Solana’s performance into context, let’s compare
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Rishi Sunak’s cabinet reshuffle is the latest spin of an increasingly frenetic merry-go-round of the great offices of state since the Brexit referendum. The churn rate of the four top positions in government
The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of its Grayscale Bitcoin Trust product. However, even if the SEC
Puerto Rico Electric Power Authority bond parties that oppose the Oversight Board’s proposed debt deal filed suits challenging part of the deal, asked for compensation for Puerto Rico central government’s actions since March 2022 and proposed an alternate bond deal. The parties filed the suits this weekend in the U.S. District Court for Puerto Rico
Perched in a former leather workshop overlooking the Jialing River in China’s mountainous western metropolis of Chongqing, the Flying Tigers Museum retells what is still a high point in US-China relations. Here the story of the US and Chinese pilots who together defended China’s Nationalist government against the Japanese during the second world war is
A massive fire in downtown Los Angeles damaged a section of Interstate 10, halting traffic on one of Southern California’s key arteries. Crews responding to the blaze Saturday found a large, 200-by-200-foot storage yard with pallets, trailers and vehicles engulfed in fire, according to the Los Angeles Fire Department. Wind pushed the heat and flames under the
Municipals were steady to start the week, while U.S. Treasuries were slightly firmer and equities ended mixed. The two-year muni-to-Treasury ratio Monday was at 65%, the three-year at 66%, the five-year at 67%, the 10-year at 69% and the 30-year at 89%, according to Refinitiv Municipal Market Data’s 3 p.m., ET, read. ICE Data Services
The Financial Industry Regulatory Authority has fined Knoxville, Tennessee-based Home Financial Services $50,000 for its failure to disclose execution times, mark-ups, mark-downs and related supervisory failures on customer confirmations for thousands of municipal securities transactions. Without admitting or denying the findings, Home Financial has consented to the fine and a censure. The action arose from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Just six weeks ago, Rishi Sunak proclaimed himself to be a “change” prime minister who would break with 30 years of failed consensus. Now he is bringing back as foreign secretary a man who was
Southwest officials are mapping out their debt issuance plans in the wake of voter approval for a big burst of bonds in the Nov. 7 election, which also resulted in different outcomes for high-profile property tax cut measures in Texas and Colorado. Voters approved all billion-dollar-plus measures on ballots, including a package topping $16 billion
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of more than $1 billion. The top 20 bond financings have a cumulative amount of more than $15 billion. Scroll through to see which bond financings are in the
Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data. After the substantial rally, Bitcoin could face
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A “For Sale” sign in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Fewer people can afford to buy a house these days. On top of soaring home prices, 30-year fixed mortgage rates have been hovering near the highest level
Stay informed with free updates Simply sign up to the Airlines myFT Digest — delivered directly to your inbox. Middle Eastern airlines have placed orders worth tens of billions of dollars for more than 100 aircraft on the opening day of the Dubai air show, underscoring the rebound in the aviation industry even as regional
Former U.S. President Donald Trump’s son and co-defendant, Donald Trump Jr. attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough on November 2, 2023 in New York City. Shannon Stapleton | Getty Images Donald Trump Jr. is expected to return to the witness stand Monday as the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This week Rishi Sunak is mainly defying the Tory right. With Jeremy Hunt as chancellor, James Cleverly newly installed as home secretary and David Cameron’s surprise return as foreign secretary, the top three jobs in
Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months. In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital. Crypto institutional product AUM up 99% year-to-date Bitcoin, Ether (ETH) and some major