The last time the triple-A 30-year muni was consistently over 4%, Barack Obama was president, lawmakers were squabbling over whether to raise the debt ceiling, cut spending and keep the federal government open, which eventually resulted in a downgrade of the United State’s triple-A rating by S&P Global Ratings. While there is a different administration,
The list of most expensive homes for sale in the world is ever-changing. In February, the Robb Report said a penthouse atop New York City’s Central Park Tower, priced at USD 250 million, topped the offerings. The next month numerous publications put the Holme, a palatial 40-bedroom waterfront residence in London, ahead of that at
Cities and states should “keep calm and issue bonds” despite sticker shock from rising interest rates and a volatile municipal bond market. That was the message from panelists speaking Thursday at the Government Finance Officers Association’s annual MiniMuni event, a three-day online event for issuers. The rise in rates “makes our jobs as debt managers
Cities and states should “keep calm and issue bonds” despite sticker shock from rising interest rates and a volatile municipal bond market. That was the message from panelists speaking Thursday at the Government Finance Officers Association’s annual MiniMuni event, a three-day online event for issuers. The rise in rates “makes our jobs as debt managers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor. His latest book is ‘Foreign Bodies: Pandemics, Vaccines and the Health of Nations’ Confronted with enormity: murdered infants, abducted grandmothers, slaughtered villagers, lusty chants of “gas the Jews” at
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The oil price rose to its highest level since the outbreak of the Israel-Hamas conflict at just under $90 a barrel, as concerns about a potential ground assault on Gaza added fresh tension
President of the Regional Government of Madeira, Miguel Albuquerque, has announced plans to create a Bitcoin (BTC) business hub to drive regional innovation. The statement was made during a fireside chat with Prince Filip Karađorđević of Serbia on the second day of Bitcoin Amsterdam 2023. Karađorđević expressed interest in the new Bitcoin business hub, emphasizing
New York state tax collections from mobile sports betting totaled $727.4 million in fiscal 2022-2023, according to a report from the state comptroller’s office. “Gaming has significantly expanded in the state in the last several years,” Comptroller Thomas DiNapoli said Wednesday. “With the ease and 24/7 availability of mobile betting apps, problem gambling and addiction
Our weekly roundup of news from East Asia curates the industry’s most important developments. SBF’s Chinese bribe scandal worsens According to October 11 testimony from Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, her colleague — disgraced FTX founder Sam Bankman-Fried — allegedly paid $150 million in bribes to Chinese government officials in 2021, higher
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigel Farage has opened several accounts at Lloyds Banking Group after he became embroiled in a “debanking” row with NatWest that cost the chief executive of the state-backed lender her job. Coutts, the elite private
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s largest police force has deployed 1,000 officers across London to protect communities after a “massive” surge in antisemitic incidents and rise in communal tensions fuelled by escalating bloodshed in Israel and the Gaza
Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform. THORSwap took to X (formerly Twitter) on Oct. 12 to announce that the platform is back online. The platform asked users to resume their regularly scheduled swapping of over 5,500 assets across 10 blockchains
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scotland’s first minister has said Israel’s siege of Gaza has gone “too far”, describing its cutting off the supply of water and electricity to the enclave as collective punishment that “cannot be justified”. “There is
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli prime minister Benjamin Netanyahu has rejected accusations that he received prior warning of a Hamas mobilisation for a cross-border attack from Gaza, amid mounting recriminations between Israel’s political and military leadership over who bore
Ibrahim Wadi and his 26-year-old son travelled to Qusra, a village near Nablus in the occupied West Bank, on Wednesday for the funeral of four Palestinian men killed in a shooting by Israeli settlers. By the afternoon, they too were dead, gunned down by Israeli settlers who descended on the funeral, according to the Palestinian
Bitcoin (BTC) ranged around the key $26,800 mark for a second day on Oct. 13 with a decision due in United States regulators’ battle with crypto investment giant Grayscale. BTC/USD 1-hour chart. Source: TradingView Bitcoin lurks between major liquidity clouds Data from Cointelegraph Markets Pro and TradingView confirmed BTC price barely changed from the day
Ripple chief technology officer David Schwartz has countered Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security. Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption. ETHgate is a
The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot Bitcoin (BTC) fund. While many observers don’t believe the securities regulator will attempt to appeal the court’s decision, analysts
Hossein Amirabdollahian (back left) and Hassan Nasrallah (back right) meet in Beirut Iran’s foreign minister met the leader of Hizbollah in Lebanon on Friday to discuss “the responsibilities everyone has and the positions that must be taken regarding these historical events and dangerous developments” in Gaza, a spokesperson for the Tehran-backed militant group said. Hossein Amirabdollahian’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s military on Friday called for the evacuation of Palestinians from the northern Gaza strip to southern Gaza, in a move the UN said would affect 1.1mn people and could result in a “calamitous situation”.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. St James’s Place is under pressure from regulators to overhaul its fee structure to ensure it complies with the UK’s new consumer duty, according to people familiar with the discussions. The UK’s largest wealth manager