Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thousands of Palestinians fled northern Gaza on foot as Israeli troops battling Hamas militants moved into Gaza City, the main population centre of the beleaguered enclave. The UN said 15,000 people left the area on
Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility. After a classic “short squeeze” took the largest cryptocurrency to near $36,000, Bitcoin market participants are highlighting key levels to look for from Nov. 8 onward. Bitcoin buy liquidity inches down to $34,000 Bitcoin is facing hurdles overcoming resistance at
The state of Washington filed a brief with the U.S. Supreme Court in an ongoing battle to defend the capital gains excise tax lawmakers approved in 2021. In Quinn v. Washington, the plaintiff, Chris Quinn, has asked the high court to review its case and overturn the Washington State Supreme Court’s 7-2 March ruling that upheld
Cincinnati will sell its Cincinnati Southern Railway system — the last municipally owned railroad in the country — and use the proceeds to create a permanent investment fund for infrastructure needs under a measure narrowly approved by voters Tuesday. The city will net $1.62 billion in the deal, considered one of the few instances of
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The UK government has imposed sanctions on Dubai-based oil trader Paramount Energy & Commodities DMCC as part of a swath of actions against companies and individuals accused of supporting Russia’s gold, oil and finance
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor and writes the Chartbook newsletter The ideal war of international law — if one can speak of such a thing — is fought between states. But what is
Vail, Colorado, has no shortage of notable landmarks. There’s the mountain itself with world-class skiing and snowboarding, the European-style pedestrian village and Gore Creek, which cuts through the heart of the resort town itself. But for locals and visitors alike, an unusual condominium building also fills the bill: the iconic dome home. The three-unit residence
Visitors around the Charging Bull statue near the New York Stock Exchange, June 29, 2023. Victor J. Blue | Bloomberg | Getty Images The S&P 500 is up 14% this year, but just eight days that explain most of the gains. If you want a simple indication of why market timing is not an effective
Stay informed with free updates Simply sign up to the EU economy myFT Digest — delivered directly to your inbox. Mario Draghi has delivered a downbeat view of EU economic growth, forecasting a recession by the end of this year, as he warned that the European project’s long-term survival depends on urgent political integration. “It
Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband. Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona prison
Over the last four years, landlords of rent stabilized buildings in New York City have faced a number of challenges—onerous new regulations, an eviction moratorium, rent arrears and increased expenses for insurance premiums, taxes and debt. In response, industry leaders have stepped up to advocate for owners by seeking relief in the Supreme Court, New
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. The rise of multi-manager hedge funds has led to a “merry-go-round” of portfolio managers being offered “silly” amounts of money, according to the co-founder of Europe’s largest hedge fund. Sir Paul Marshall, co-founder of Marshall
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Having given the country three prime ministers in the space of four months, the Conservatives are now set for three election strategies in a year. In fairness, the current plan to promote Rishi Sunak as
Ivanka Trump, assistant to U.S. President Donald Trump, listens during an American Workforce Policy Advisory Board meeting in the East Room of the White House in Washington, D.C., U.S., on Friday, June 26, 2020. Al Drago | Bloomberg | Getty Images Ivanka Trump, the eldest daughter of former President Donald Trump, is scheduled to testify
House for sale in Millbrae, California. Xinhua News Agency | Xinhua News Agency | Getty Images Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month. Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the
Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of “Giveaways” on Telegram. In result, Tron (TRX) is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever. Telegram CEO buys
The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation. Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoin backed by a currency that is fully redeemable
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. SoftBank was forced to wire $1.5bn to Goldman Sachs and other lenders days before WeWork filed for bankruptcy, as the cost of one of the worst venture capital investments in history has continued to mount
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England governor Andrew Bailey has insisted it is too early to talk about interest rate cuts even as speculation builds in financial markets that it will be in a position to
Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC). SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, SEBA
HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8. The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering