Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Jeenah Moon | Reuters Former President Donald Trump on Thursday railed against the judge who will deliver verdicts in his $250 million New York fraud
Municipals were little changed in mixed secondary trading as the last of the week’s largest new-issues priced and muni mutual funds clocked in more outflows. The U.S. Treasury market pendulum swung back to gains Thursday as investors reacted to the stronger-than-expected GDP numbers. Equities closed down. Triple-A yields were little changed after outperforming UST losses
A Louisiana congressional committee voted down plans for a $2 billion-plus public-private partnership that would replace an aging toll bridge near Lake Charles, a move that project proponents say will cost the state and provide for few alternatives. In an 8-6 vote on Tuesday, the Louisiana State Legislature’s Joint Transportation Highway and Public Works Committee
Fitch Ratings says U.S. airports are moving ahead with tens of billions of dollars in capital projects now that passenger traffic has fully recovered to pre-pandemic levels. More than half of the 30 or so large hub airports in the U.S. have come to market in the last nine months, presenting Fitch Ratings with the
During an unexpectedly challenging year so far, following an even more volatile one in 2022, predicting 2024 may seem daunting amid current market conditions. Despite that, as an industry it’s important to connect and get a sense of where others see various factors impacting the public finance community, from interest rates to ESG. We would
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A few months ago, I found myself driving behind an autonomous (ie self-driving) vehicle in San Francisco. It was unnerving — but not because the AV was driving badly or dangerously; instead it was driving
Five men will play a key role in determining the course of Israel’s war with Hamas: they are the war cabinet set up by prime minister Benjamin Netanyahu to oversee what is likely to be the biggest military operation the country has embarked on in years. Put together after Hamas launched the deadliest ever attack
The pattern shows up in many areas of the country: development activity fills in between two metropolitan areas, typically along one or more highways that connect them. Orlando to Tampa along I-4 is another prime example, and there are dozens more around the country. From New Braunfels to San Marcos, as well as closer-in suburbs,
Newly elected House Speaker Mike Johnson, R-La., has scant connection with the public finance world, but his election after three chaotic weeks in which the House’s top post was vacant opens the possibility that Congress may be able to avert a government shutdown looming next month, an important goal for the municipal market. “He’s a
Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26. Title simply “Solana Incubator,” the program will offer fundraising, development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform. Building a web3 startup on the Solana network? ️ Today, @SolanaLabs introduces their
Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued. BTC/USD 1-hour chart. Source: TradingView $33,000 becomes do-or-die BTC price level Data from Cointelegraph Markets Pro and TradingView showed BTC price behavior challenging intraday lows. The largest cryptocurrency had attempted to push higher still the day prior,
Jen Flood will be Michigan’s budget director, replacing Chris Harkins who is leaving the post next month. Gov. Gretchen Whitmer announced Thursday. Flood currently serves as deputy chief of staff, overseeing legislative affairs, federal affairs, policy, appointments, and community engagement divisions within the Democratic governor’s office. Jen Flood, Michigan Gov. Gretchen Whitmer’s current deputy chief
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has held interest rates, bringing an end to its unprecedented streak of 10 consecutive increases in borrowing costs amid rising concerns over eurozone growth. The decision, announced after ECB rate-setters met
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US economy expanded faster than expected in the third quarter, growing at its quickest pace in almost two years in the latest sign of the country’s economic resilience in the face of high interest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The secular growth potential of renewable energy was supposed to offer an antidote to the cyclical vagaries of markets and economies. But it has not worked for Christian Bruch. Siemens Energy’s chief executive has spent
The U.S. Supreme Court decision reversing affirmative action has helped breathe new life into some of California’s municipal bond industry affinity groups. Some, like the four-year-old Muni Pride that went national this year and the Asians in Public Finance, were already clicking along. But two former board members of Women in Public Finance — Carmen
Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes. According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, meaning the bill would complete all
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs is setting up an institute to analyse geopolitics and technology, the latest firm to bet on demand from companies for advice on how to navigate a disorderly world. The Goldman Sachs Global Institute,
Bitmain, a major global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has officially released its new air-cooled BTC miner, Antminer T21. Bitmain took to Twitter on Oct. 26 to announce the world premiere of the new Antminer T21, the firm’s new air-cooling miner that can withstand ambient temperatures up to 45 degrees Celsius. According
The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media. Li kicks off the episode by explaining the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder of Sifted, an FT-backed site about European start-ups The old joke that quantum computing is a technology of the future — and will forever remain so — is not so funny