Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest offshore wind developer Ørsted has abandoned two key US projects and announced a higher than expected writedown of its portfolio, sending shares in the group down more than 20 per cent. The
Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains. BTC/USD 1-month chart. Source: TradingView Monthly close boosts Bitcoin bull market hopes Data from Cointelegraph Markets Pro and TradingView confirms Bitcoin bulls successfully held on to upside into Nov. 1. After navigating a choppy mid-month trading
Four people were in the room. That much is uncontested. Caroline Ellison, Gary Wang, Nishad Singh and Sam Bankman-Fried sat together last June in the Bahamas office of FTX, the crypto exchange founded by Bankman-Fried and Wang, then worth $40bn. Bankman-Fried and Wang also owned Alameda, a private trading firm that Ellison ran. And on
In early March, Carlyle Group appeared close to a takeover that valued healthcare software company Cotiviti at $15bn. It was just the sort of audacious deal that large private equity firms have been pulling off for much of the past decade. More than a dozen private lenders, including the credit arms of Blackstone, Apollo Global,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU’s stores of natural gas are nearing full capacity, leading the bloc’s energy companies to park excess reserves in Ukraine ahead of the peak demand of the winter months. According to figures from Gas
We’ve been on a tour d’horizon lately with our studies, analyzing various American states and identifying the richest cities there. Recently, we have covered several states of the Midwest, including the richest cities in Ohio, Missouri, and Michigan. Now, we turn our eye on that classic state that Abraham Lincoln eventually called his home state:
UK politicians have been accused of taking a cavalier approach to record-keeping by using easily deleted WhatsApp messages for official business after a slew of revelations this week from the official Covid-19 Inquiry. The hearing into the UK government’s handling of the worst pandemic in a century has unearthed a trove of embarrassing exchanges between
The cost of everything is rising, and it appears that home maintenance expenses are no exception. In fact, according to a recent report, it now costs, on average, $6,548 a year to maintain a single family home. In a previous article, we revealed that on average, homeowners can expect to pay $14,155 a year, or
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters BEIJING — China signaled support for property developers and resolving
The ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. Invesco’s Galaxy spot Bitcoin ETF product is listed on the DTCC’s site. Source: DTCC According to web archiver WayBack Machine, no listing under the ticker BTCO was present on
Robotic arms assemble cars at the Leapmotor electric vehicle factory in Jinhua, Zhejiang province. China’s manufacturing activity contracted in October © China Daily via Reuters China’s manufacturing activity contracted in October, according to a closely-watched private gauge, dashing hopes for a recovery. The Caixin purchasing managers’ index for manufacturing came in at 49.5 for the
The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget. The Floki team claimed that Bitget
Your scariest visitors tonight might be Samara from the Ring, Ghostface from Scream or The Black Phone’s Grabber, but the weeks and months ahead could bring far scarier prospects to your door – from a “surprise hurricane” to a wildfire, earthquake or other disaster – with potentially life-changing impacts to your home and life. I
Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As Israel’s ground offensive in Gaza began in earnest, tanks and armoured vehicles rumbled into the coastal enclave through breaches in the border wall that surrounds it. Since launching its incursion over the weekend, Israel’s
Municipal Market Analytics reported a record number of higher education impairments have been added to its Default Trends database this year as colleges and universities struggle with lower enrollment and increased operating costs. MMA added 14 colleges or universitiesto its database, besting a previous record of eight in 2009. The $1.06 billion impaired so far
Michigan-based Great Lakes Water Authority is set to return to market with upward of $400 million of a combination of senior and second lien water supply and sewer disposal revenue and refunding bonds with two ratings upgrades and after it took a step toward ending a years-long legal dispute with a city just north of
Municipals were steady to end a volatile month, as U.S. Treasuries were mixed and equities ended up. Tuesday also marked the start of the FOMC meeting, which is unlikely to contain any major surprises at the conclusion of the meeting on Wednesday, said Cooper Howard, a fixed income strategist at Charles Schwab. The Fed is
Municipal bond delinquencies declined in the third quarter, despite some dramatic outliers including Mercy Hospital’s bankruptcy filing in Iowa, and some unrated affordable housing and senior living bonds, Moody’s Investors Service said. There were only three new municipal bond defaults in the third quarter, compared to nine in the second quarter, Moody’s analysts wrote. Two
The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street’s unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on Bitcoin (BTC) if the S&P 500 downtrend
Stablecoin issuer Circle will close out consumer or individual accounts on November 30, according to emails received by Circle customers on October 31. In an email to Cointelegraph, the stablecoin issuer confirmed that it is closing the accounts but confirmed that business and institutional “Mint” accounts will remain available. On the morning of October 31,