Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley has reported a 9 per cent fall in third-quarter profits, as slower growth at the Wall Street bank’s juggernaut wealth management business was compounded by falling revenues in investment banking and trading. The
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation held steady in September at 6.7 per cent, maintaining pressure on the Bank of England to hold firm in its efforts to curb price growth. The rate of consumer price inflation had been
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US president Joe Biden landed in Israel on Wednesday amid a storm of recriminations over an explosion at a hospital in Gaza that, according to Palestinian officials, killed hundreds of people and inflamed tensions in
The IDF said that a misfired rocket launched by Palestinian Islamic Jihad, a Gaza-based militant group, is responsible for the explosion at a hospital in the strip that Palestinian authorities said has killed “hundreds”. Army spokesman Daniel Hagari said an IDF probe concluded that a rocket launched from a cemetery near the hospital just prior
Staying in a 5-star hotel is quite the sensory experience. The look, the feel, the smell, the sound (or lack thereof) can create a bedroom environment that you never want to leave. However, you can recreate the same level of lavishness at home. Jay Kallos, SVP of architecture at Ashton Woods in Atlanta, GA, tells
When Hamas released a clip of Mia Shem, the first video it has published of any of the dozens of hostages its militants took when they rampaged through southern Israel last week, the sign of life brought a slim ray of hope for her family that she might yet come back. But for relatives of
Western support for Israel’s assault on Gaza has poisoned efforts to build consensus with significant developing countries on condemning Russia’s war against Ukraine, officials and diplomats have warned. The reaction to the October 7 attack on Israel by Islamist militant group Hamas and to Israel’s vow to hit back against Gaza has undone months of
Joe Biden was betting that a whirlwind visit to the Middle East this week could help prevent the conflict between Israel and Gaza from spreading across the region, temper its ally’s response to the Hamas attacks and soothe fears in Arab capitals of a widening conflagration. It was a diplomatic mission fraught with risk, and
The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (ETH) holders chose to stake rather than liquidate. Despite ETH withdrawals being enabled with the Ethereum Shapella upgrade in April 2023, an Oct. 16 LSDFi report from crypto data aggregator CoinGecko said the sector has grown by
Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.” The Community
Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet. The team behind Scroll announced the launch in an Oct. 17 post and added that existing applications and developer tool kits on Ethereum can now migrate to the new scaling
Lockheed Martin executives are “optimistic” about the US providing additional funding for several geopolitical hotspots as Congress is embroiled in fights over the House speakership and the domestic budget. In any budget scenario, “there continues to be the option for supplemental requests related to support Ukraine, Israel and potentially Taiwan,” chief executive Jim Taiclet told
College towns, energy industry towns, Midwest and Northeast cities dominated rent price increases last month while Sunbelt rent growth that soared during the pandemic succumbed further to a heavy spate of construction. Twin Texas cities Midland and Odessa led the list of 20 smaller cities Dallas-area apartment software firm RealPage analyzed, posting rent growth of
The city of Fishers, Indiana, is planning a $170 million lease rental revenue bond sale to finance construction of an arena for a minor league hockey team, a move that sparked a downgrade to the city. The Fishers Town Hall Building Corp. is on the calendar this week to price $160 million of tax-exempt Series
Amid a busy new-issue day, munis could not help but follow a U.S. Treasury selloff that was led by stronger economic data, reaffirming that rates will remain higher for longer. Equities were down late in the session. “The ‘higher for longer’ interest rate narrative continues to have a significant impact on all fixed income markets,”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gaza’s health ministry said hundreds of people had been killed after an Israeli strike hit an outdoor area attached to a hospital in the besieged Palestinian territory. The Palestinian health ministry, which is run by
Fantom Foundation, developers of the Fantom network, have reportedly been hacked for over $6.7 million worth of cryptocurrency. Blockchain data shows that an address labeled “Fake_Phishing188024” was sent over 2,000 Convex (CVX) tokens and other cryptocurrencies from a known Fantom Foundation wallet. On-chain sleuth Spreek reported the attack on X (formerly Twitter) and estimated losses
Longtime financial advisor Chris Valentino will make the jump to banking when he joins Stifel, Nicolaus & Co. Inc. later this month. Valentino’s move comes after an 18-year career as a financial advisor, including the last five years at Indiana-based Sycamore Advisors LLC. “There’s been opportunities in the past to make this jump but I
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jim Jordan lost a vote to become Speaker of the House of Representatives on Tuesday afternoon, after 20 members of his own party voted against the firebrand Ohio Republican and staunch Donald Trump loyalist. Earlier,
North Carolina is home to a couple of the fastest growing cities in the United States, including, most notably, the cities of Cary and Concord. North Carolina’s largest city, Charlotte, witnessed its population grow by 126.7%, from 395,934 in 1990 to 897,720 in 2022. In recent studies, we analyzed and identified the richest cities in
We write as Jews, many of us with family and friends directly affected by the tragedy that has befallen Israel. Like so many others, the vile crimes perpetrated by Hamas in Israel have shaken us to our core. We also write in our capacity as lawyers. We do so because, instilled with our Jewish values,