October municipal bond issuance surged year-over-year, as issuers came off the sidelines after realizing that the Fed will keep rates higher for longer and that projects could only be delayed for so long. Led by tax-exempt, new-money deals, October’s total volume rose 29.3% to $37.156 billion in 661 issues from $28.738 billion in 614 issues a
With the cost of living on the rise, many Americans are on the hunt for cheap places to live that still offer a high quality of life. To help in the quest for the perfect place to call home, Empower—a financial services company—has issued a new report with the 20 most affordable cities in the
The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves. Tether today releases its attestation for Q3 /2023.- cash & cash
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of the FBI warned a congressional hearing on Tuesday that the Hamas attack on Israel has given terrorists inspiration “the likes of which we haven’t seen” since the rise of Isis a decade
An aerial image shows a red roofed house that survived the fires surrounded by destroyed homes and buildings burned to the ground in the historic Lahaina in the aftermath of wildfires in western Maui in Lahaina, Hawaii on August 10, 2023. Patrick T. Fallon | AFP | Getty Images Along East Boston’s waterfront sits The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What did Hamas hope to achieve by its attack on Israel of October 7? The answer was surely to set the region aflame. More narrowly, it was to provoke the response we see, with inevitable
Bitcoin (BTC), worth over $7.2 billion, is still controlled by the United States government — but its losses are mounting. Data from on-chain analytics firm Glassnode shows that Washington’s seized Bitcoin total 210,429 BTC as of Oct. 31. 195,000 BTC sold, $6.3 billion down The U.S. Department of Justice (DOJ) and Internal Revenue Service (IRS)
Amid one of Europe’s most significant housing market downturns, Stockholm-based Beqo Hoti, who oversees Scandinavian markets, has set his sights on Spain and Greece south to better serve his Nordic clientele. The sun-soaked countries have long been favored by Scandinavians for second homes—and given their higher levels of income, many can afford the best. Beqo
Illinois and Wall Street banks accused of rigging interest rates on the state’s variable-rate debt have reached a final deal after the state and the whistleblower who brought the case agreed to smaller payments to resolve a dispute over attorney fees. The deal calls for the group of eight banks to pay $70 million to
Fitch Ratings lifted its outlook on Denver International Airport’s ratings to positive from stable ahead of the sale of as much as $815 million of subordinate lien revenue bonds as soon as next week. The rating agency, which affirmed ratings of A-plus for the subordinate bonds and AA-minus for senior bonds, cited “ongoing positive trends
The Ethereum layer-2 ecosystem is likely to continue evolving with diverse technological approaches, according to co-founder Vitalik Buterin. The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with several layer-2 protocols differing in their approaches to bring greater scaling capacity, lower costs and increased security.
The Securities and Exchange Commission has issued exemptive relief for 144A eligible fixed income participants under its Rule 15c2-11, which may impact the edges of the municipal market. Municipal securities are generally exempt from Rule 15c2-11 but the exemption will still have an effect on those “municipal adjacent” securities with corporate CUSIPs that sometimes trade
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boris Johnson believed the UK should “let old people” contract Covid-19 to protect the economy and young people from strict lockdown measures during the pandemic, according to the government’s former chief scientific adviser. In diary
Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States. Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31. The new licenses, granted by the New Hampshire Banking Department
From his childhood living in a ghetto on the east bank of the Yamuna river in Dehli to launching the $6-billion Polygon blockchain, Sandeep Nailwal has an incredible rags-to-riches tale. Now happily ensconced in the futuristic, air-conditioned cityscape of Dubai, he tells Magazine he was born in a farming village in 1987 with no electricity
It’s been noted the pandemic accelerated technology adoption, producing changes in months that otherwise might have taken a decade. Among the advancements propelled in that era was virtual staging, a convenience that enabled homes to continue selling during the lockdown. Like a number of other Covid-era movements, virtual staging has hung on following resumption of
Transcription: Keeley Webster (00:03):Hello, I am Keeley Webster here with another Bond Buyer podcast. Today I will be providing some insight into California Treasurer Ma’s run for Lieutenant Governor ahead of our broadcast of a fireside chat she did with Wells Fargo director Julia Kim at the California Public Finance Conference. Ma announced in June,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The aspirations and frustrations of the white-collar worker have been depicted by great fictional characters in novels and on the screen, notably Bartleby, the Scrivener, Revolutionary Road’s Frank Wheeler and The Office’s David Brent. To
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Odey Asset Management is to close five months after allegations of sexual assault and harassment against its founder Crispin Odey plunged one of London’s oldest hedge fund groups into crisis. “Odey Asset Management, including Brook
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Without looking it up, can readers of this newspaper name the chief diplomat of the EU? Or, to stand on ceremony for a moment, the “high representative for foreign affairs and security policy”? Can even one
Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023. Warren Buffett’s “crypto bet” up $130 million in 2023 The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner of