Investors are stepping up scrutiny of private equity firms’ use of debt and complex financial engineering to generate returns from companies they own, demanding disclosure about the costs and risks. Private equity groups have been increasingly using margin loans and net asset value financing — secured against shares in their listed companies or their asset
Misinformation around the Israel-Palestinian conflict sweeping across Elon Musk’s X has prompted fresh scrutiny of the social media platform from European regulators and new concern from global advertisers. As the crisis took hold, researchers raced to debunk false or misleading information on the platform formerly known as Twitter. The posts, which have racked up millions
Israelis are being called up in record numbers. Schools have been ordered to close. Streets are deserted. On the pavements outside normally crowded cafés, empty chairs are stacked away: in the days since Hamas militants inflicted the worst-ever death toll in a single attack in Israel, almost no facet of life in the country has
Mainstream Bitcoin (BTC) adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues. Speaking to Cointelegraph, the founder of cross-chain infrastructure firm Botanix Labs, Willem Schroé, claimed Bitcoin “needs to start playing in the EVM world” for
In the late 19th century, Manhattan’s elite lived largely in tony brownstones around Madison Square Park. The neighborhood remains a hot address, with a glass skyscraper redefining luxury living near the historic 6.2-acre green space. There are just 83 condominiums, two per floor, at the glass-walled Madison Square Park Tower at 45 East 22nd Street.
In this article HASI SQ TFC RIVN PEP SKX LHX PLTR Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks past a display of Skechers shoes. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Skechers — The shoe company gained 2.6% after UBS reiterated its buy
Municipals were firmer Tuesday, underperforming a U.S. Treasury flight-to-safety rally. Equities ended in the black. Triple-A muni yields fell up to 10 basis points while USTs rallied upwards of 15 basis points. The two-year muni-to-Treasury ratio Tuesday was at 73%, the three-year was at 73%, the five-year at 74%, the 10-year at 75% and the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Treasuries rallied on Tuesday as investors rushed to haven assets following Hamas’s attacks in Israel and comments from Federal Reserve officials who hinted that the US may have reached the end of its rate-rising
Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated, and was followed with a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure
Transportation and issuer groups have expressed support for a Republican Senate bill that would require electric vehicle owners to pay a fee to help support the struggling Highway Trust Fund. Senate Bill 2882, the Stop EV Freeloading Act, would impose a $1,000 fee at the manufacturer level and a one-time fee of $550 on each
In a recent study, we analyzed and identified the richest cities in New Jersey based on scoring several key financial factors. This time around, we’re looking at New Jersey’s neighbor to the west — Pennsylvania, the Keystone State. We analyzed over 17,00 cities in the state in order to identify the richest cities in Pennsylvania.
California and Illinois are the largest contributors to an expected $1.3 trillion in unfunded pension liabilities for the 50 states in fiscal 2023, according to a Reason Foundation study. California’s public pension systems are projected to be $245 billion short of where they need to be after 2023, the largest miss in the nation, followed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has promised to “bulldoze” the planning system and work with the private sector to unleash a “big build” across the UK as part of radical action to accelerate housebuilding. Starmer used his
Preliminary Puerto Rico net general fund revenues for the first quarter of fiscal 2024 were 19.7% above Oversight Board projections. Net general fund revenues for July, came in 17.4% above board projections and 16.2% over the collections for July 2022. July net income was $811 million, $121 million more than the board projected. Puerto Rico
Of the $227.938 billion of par issued, municipal financial advisors saw $227.626 billion of business in 4,134 transactions in Q1-Q3 in 2023. This is down from the $249.137 billion in 4,820 deals over the same time period in 2022, out of a total of $249.168 billion. RBC Capital Markets and Caine Mitter & Associates moved
UBS’s Public Finance Group will be exiting the negotiated underwriting business, according to an internal company memo. The firm will “pursue alternative solutions to access the new-issue market” and reposition its resources “to focus on where [it] sees increasing client and advisor demand,” the memo noted. The transition to solely focus on competitive underwriting is
European stocks surged on Tuesday, boosted by unconfirmed reports that China is considering a fresh round of stimulus measures and by dovish remarks from US Federal Reserve officials. The region-wide Stoxx Europe 600 rose 1.6 per cent, pushed higher by basic materials stocks and on track for its best day since July 2022, LSEG data
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Black Wave’ and distinguished fellow at Columbia University’s Institute of Global Politics The siege of Gaza has started and Israeli prime minister Benjamin Netanyahu has promised “mighty vengeance”, vowing to
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Benjamin Netanyahu’s Likud party said members of his governing coalition had authorised him to negotiate a unity government with the opposition in the wake of the worst attack within Israel in the
The top municipal underwriters accounted for $265.047 billion in 5,383 issues in the first three quarters of 2023, down from $291.908 billion in 6,417 transactions over the same time period in 2022. BofA Securities remained in the top spot despite accounting for less par and a smaller market share than in 2022. Minor shuffling among
US dollar stablecoin issuer Circle has announced that it has begun minting USD Coin (USDC) natively on Ethereum layer 2 scaling protocol Polygon. USDC is accessible to both users and developers without the need to bridge the stablecoin from Ethereum or other blockchain. Circle Mint and Circle’s developer API’s now support Polygon-based USDC, tapping into