Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Crown Prince Mohammed bin Salman spoke with Iranian President Ebrahim Raisi on the first such call between the regional rivals’ leaders in years as concerns mounted that the war between Israel and Hamas risked
In a show of support in the wake of the deadly terror attacks, Palm Beach County, Florida, is boosting its investment in Israel. Joseph Abruzzo, county comptroller and clerk of the circuit court, on Monday directed that $25 million from the county’s investment portfolio be invested in Israeli bonds following the surprise weekend attack by
Bitcoin (BTC) failed to hit $100,000 during the 2021 bull market because defunct exchange FTX kept selling BTC, analysis claims. In an X post on Oct. 12, Joe Burnett, senior product marketing manager at Bitcoin financial services firm Unchained, joined voices arguing that FTX executives suppressed BTC price strength. FTX testimony reveals mass BTC selling
Wall Street’s profits declined 4.3% to $13 billion in the first half of the year compared to the same period in 2022, according to a report issued Thursday by New York State Comptroller Thomas DiNapoli. DiNapoli said the data shows the financial industry’s return to pre-pandemic levels of revenue after it had record profits in
Muni Pride, the first LGBTQ+ organization for the municipal bond industry, is hosting its first event in Chicago this month as it continues efforts to grow nationally. The organization, launched in 2019 by three San Francisco-based industry leaders as California Muni Pride, rebranded this summer to Muni Pride to match efforts to expand the group
Anonymous hackers of the now-defunct exchange FTX have been moving large amounts of assets stolen from the platform, with new transactions occurring just as the ongoing trial of FTX founder Sam Bankman-Fried gets underway. As much as 72,500 Ether (ETH) of stolen assets from FTX has awakened for the first time since the exchange was hacked
Elon Musk is a streamer? The social media website X, formerly known as Twitter, hosted its first gaming stream — a 50-minute-long Diablo 4 gameplay — on October 6. The stream, which has over 42 million views at the time of writing, involved X owner Elon Musk playing Blizzard Entertainment’s latest title and answering questions
The Financial Data Transparency Act will likely make financial reporting more difficult for issuers, as regulators and governing bodies are now tasked with the challenge of providing data standards that can apply across cities, counties, hospitals, school districts and universities, among others. That’s according to panelists at this year’s Government Finance Officers Association 5th Annual
Bitcoin (BTC) is clinging to the key $26,800 mark prior to the Oct. 12 Wall Street open as United States inflation data continued to beat expectations. BTC/USD 1-hour chart. Source: TradingView BTC price reacts as CPI surpasses predictions Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility staying muted after two-week lows seen
Over the past several years, as the fortunes of other Chicago neighborhoods waxed and waned with economic cycles and a planet-wide health crisis, Fulton Market has remained the steadiest of all Windy City nooks. Situated immediately west of the Loop central business district, the enclave’s popularity with developers, restaurateurs, office and retail tenants, home buyers
Fox Business producer Eleanor Terrett says that, as she gains more recognition in the crypto community, she is becoming a prime target for social media impersonators. “So, I find myself having to tweet more often, saying, ‘Just a reminder, guys, I don’t have a private profile; I will never reach out to you,’” Terrett tells
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. US inflation was higher than forecast in September, raising the prospect that the Federal Reserve may raise interest rates following similarly robust recent data on the strength of the jobs market. The consumer price index
A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to get $175 million from GGC. The United States Bankruptcy Court for the Southern District of New York gave the green light to the settlement agreement between FTX and GGC’s parent company
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Germany is in discussions to send lethal military aid to Israel to help it crack down on Hamas and deter an “apocalyptic” intervention by other hostile regional powers. German defence minister Boris Pistorius said two
The writer is author of ‘More Than I Love My Life’ and Winner of the 2017 Man Booker International Prize and the 2018 Israel Prize Translated by Jessica Cohen Some 1,000 killed, more than 3,000 injured, scores of people taken hostage. Every survivor is a miraculous story of resourcefulness and bravery. Countless miracles, countless acts of
As Israelis mourned their dead and struggled to come to terms with the darkest day in the Jewish state’s history, Arab social media was buzzing with variations of its own take on Hamas’s deadly attack: “Prison Break”. Across different platforms, posts displayed images ranging from the broken Israeli security barrier that hems in Gaza —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US private equity group Apollo Global Management has struck a deal to buy Wagamama owner The Restaurant Group for £506mn, following a lengthy campaign by activist investors for a shake-up of the dining operator. Under
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Living conditions in the besieged Gaza Strip have deteriorated sharply as Israeli warplanes pounded the coastal enclave for a fifth day and the Palestinian territory’s sole power station ran out of fuel and was forced
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US secretary of state Antony Blinken is due to arrive in Israel on Thursday as Washington steps up efforts to prevent the Israel-Hamas war from spiralling into a regional conflict. His visit comes hours after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy rebounded partially in August in line with economists’ expectations, driven by a recovery in the services sector, according to official figures. Gross domestic product was up 0.2 per cent in August compared
Iran’s foreign minister Hossein Amirabdollahian will head to Baghdad on Thursday, on the first leg of a regional tour that will also see him visit Lebanon. He will meet with Iraqi officials, according to Tasnim news agency, affiliated to Irans’ Revolutionary Guards. Iran’s Foreign Ministry said he will discuss bilateral and regional issues, including Gaza.