Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The terror threat alert in Brussels was raised to its highest level on Monday after two Swedes were killed in a shooting that Belgian authorities said had a potential terrorist motivation. A police spokesperson confirmed
Stock markets rallied on Monday, retracing sharp moves at the end of last week as investors looked ahead to a flurry of economic data and US corporate earnings. Wall Street’s benchmark S&P 500 jumped 1.1 per cent — rebounding from Friday’s 0.5 per cent decline — led by financials including Charles Schwab, which rose 4.7
On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX’s co-founder and CEO, Sam “SBF” Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but the two conspiring to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former US president Donald Trump has told a London court he would be willing to come to the UK to testify in his data protection lawsuit over the notorious dossier that alleged links between him
Municipals were weaker Monday, rising in sympathy with U.S. Treasuries. Equities rallied. Triple-A benchmarks were cut up three to eight basis points, depending on the scale, while UST yields were up four to nine near the close. The two-year muni-to-Treasury ratio Monday was at 70%, the three-year was at 70%, the five-year at 71%, the
After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week. The risk-on sentiment could boost buying
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A judge in Washington has imposed a partial gag order on Donald Trump in the federal case accusing him of seeking to overturn the 2020 US presidential election. Federal judge Tanya Chutkan on Monday granted
Manta, a blockchain network focusing on zero-knowledge (ZK) applications, will migrate its software from OP Stack to Polygon CDK, according to an October 16 announcement. This means that Manta will not be integrated into the upcoming Optimism Superchain and will instead become part of the Polygon ecosystem. Manta Pacific block explorer. Source: Manta. Manta network
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sam Bankman-Fried’s FTX cryptocurrency exchange had committed to more than $1bn in sponsorship and endorsement deals months before its collapse late last year, according to testimony from one of his lieutenants, Nishad Singh. Singh was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Binance, the world’s largest cryptocurrency exchange, has stopped accepting new customers in the UK after regulators cracked down on digital assets companies advertising to British consumers. The company announced the policy less than an hour
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. People in the Gaza strip now have only “severely limited access” to drinking water, the UN has warned, as Israeli bombardments prompted a quarter of a million people to crowd into shelters over the past
Republican Jeff Landry beat out a full slate of other hopefuls to become Louisiana’s next governor, replacing Democrat John Bel Edwards. Landry, who is the current state attorney general, will be sworn in as governor in January, taking over from Bel Edwards, who was term-limited out. He beat out a wide slate of other candidates
Wisconsin ended fiscal 2023 on June 30 with record-high balances of $7.07 billion for its budget and $1.8 billion in its rainy day fund, the state announced Monday. General purpose revenue tax collections totaled almost $21 billion, up 2.1% from fiscal 2022, which ended with a nearly $4.3 billion budget balance, according to a 2023
As interest rates remain high and the yield curve remains inverted some bond issuers are exploring the complexities of arbitrage for the first time. “Arbitrage is back,” said Kathy Kardell, senior debt administrator, Office of Budget & Finance, Hennepin County, Minnesota. “You may be able to invest the proceeds of your bonds at a rate that is
In September 2008, a few days after Hurricane Ike devastated the island of Galveston and the Texas Gulf Coast, Texas A&M University Professor William Merrell had the idea for what was later dubbed the Ike Dike. “It turned out to be based on a lot of Dutch techniques, but we didn’t know that at the
Issuers are facing the worst environment for bond issuances in fifty years, panelists at this year’s Government Finance Officers Association MiniMuni Conference said, and responding to this is essential for understanding voluntary disclosure for state and local governments. “Right now, unfortunately, it’s the most challenging market for finance officers to issue bonds in the last
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group is set to push ahead with the auction of the Telegraph newspaper and Spectator magazine as early as this week, despite a fresh attempt to derail the process by the Barclay family
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UN is pressing Israel to urgently agree to safe corridors for the movement of Palestinians in Gaza and the delivery of aid to the blockaded strip as it estimates that 1mn people have fled
“We’re contorting ourselves to pass through the keyhole of tyranny.” Edward Snowden’s words to the audience at the packed Genesis Stage hall at Bitcoin Amsterdam stressed the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat currencies and restrictive policies. The renowned whistleblower’s address summed up a recurring theme during
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Smaller groups in the US oil and gas sector are raising outside cash again after years of getting a cold shoulder from capital markets, as higher energy prices and stronger balance sheets help
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Whose side are you on — the Israelis or the Palestinians? Do you think that western policy should be to support Israel, in the aftermath of the biggest single slaughter of Israeli civilians since the