Florida sued the Biden administration Wednesday over a dispute that threatens to hold up hundreds of millions of federal transportation infrastructure funds after the state passed a law that the government says violates collective bargaining rights. The law, Senate Bill 256, which Gov. Ron DeSantis signed into law in May, creates new restrictions and requirements
Connecticut Green Bank launched its eighth sale of Green Liberty Notes, seeking up to $350,000 for a state-wide small business energy loan program. The one-year notes are on sale through October 26 on Green Bank’s online platform, offered through its subsidiary CGB Green Liberty Notes LLC. They feature a 5.25% interest rate and, with buy-in
Receive free Rail updates We’ll send you a myFT Daily Digest email rounding up the latest Rail news every morning. Sir Keir Starmer, the Labour leader, has delivered an effective coup de grâce to the northern leg of the HS2 high speed rail line as he refused to commit to reversing Rishi Sunak’s decision to
Receive free Inside Business updates We’ll send you a myFT Daily Digest email rounding up the latest Inside Business news every morning. Every antitrust trial needs a supply of incriminating internal emails or direct witness testimony to bring the claims of illicit business behaviour to life. Without those headline-grabbing details, regulators usually find themselves falling
In this article CARR JNJ STZ LW FCNCA Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in
The StarsArena Web3 app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports on October 5. StarsArena user Lilitch.eth discovered the exploit and announced it on X, formerly known as Twitter. Lilitch.eth claimed over $1 million was lost in the attack. The StarsArena team confirmed the
A year after the launch of Arizona’s universal school voucher program, the state is still trying to get a handle on its cost and accountability. This comes as several states enacted laws this year to help fund students at private schools or who are homeschooled, with Texas teed up to consider the move in a
Bitcoin (BTC) rejected at $28,000 after the Oct. 5 Wall Street open as a return toward six-week highs failed. BTC/USD 1-hour chart. Source: TradingView Bitcoin sees swift comedown after new $28,000 retest Data from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls attempted to match levels from earlier in the week. This
Peter Hayes, the iconic head of BlackRock’s municipal bond group, plans to retire during the first quarter of next year. Until his formal retirement date is set, Hayes will continue in his roles as head of the muni bond group, chief investment officer and global head of the financial institutions group’s (FIG) investment business, according
The Indiana Finance Authority is planning to sell up to $500 million of tax-exempt environmental improvement revenue bonds for a California-based company to build a facility in Gary that converts household garbage into sustainable synthetic aviation fuel. The facility, which will be owned by Fulcrum Centerpoint LLC, plans to convert about 530,000 tons per year
Federal Reserve Bank of San Francisco President Mary Daly said policymakers can hold interest rates steady if the labor market and inflation continue to cool or financial conditions remain tight. “If we continue to see a cooling labor market and inflation heading back to our target, we can hold interest rates steady and let the
Every email sent, photo or video captured, crypto token traded and online article published adds to the growing mass of digital data worldwide. Last year alone, nearly 100tn gigabytes of data were created and consumed, according to market researcher International Data Group, equivalent to 4.5tn times the entire text contents of Wikipedia. And the figure
The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul Pal. He is convinced that despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend. According
Until recently, the so-called “$TLT” exchange traded fund — which tracks long-term Treasuries — seemed dull as ditchwater. The price used to move in tiny increments with modest trading volumes, making it suitable for widows and orphans — risk-averse investors, in other words. Not now. On Tuesday there were 71mn daily trades of the ETF,
Saudi Arabia’s bid to host the 2034 football World Cup is swiftly gathering momentum after countries in Asia and other regions lined up in support and a compressed selection process left scant time for a rival proposal. Fifa, football’s governing body, announced on Wednesday that the 2030 men’s tournament would be hosted jointly by Spain,
United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion. While financial details of the deal have not been disclosed, Kraken and BCM announced the coming acquisition following the European Union’s implementation of its Markets in Crypto-Assets (MiCA) regulatory framework.
If there’s ever been an artist suited for the digital renaissance of putting art on the blockchain, it would be Matt Kane — a traditional artist who transitioned into digital art by writing his own software and pushing boundaries impossible in the physical art world. Kane is most known for his collection “Gazers,” which launched
Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet, Okto, by integrating major on-ramp platform Transak. Okto, a multichain cryptocurrency wallet launched by CoinDCX in August 2022, has integrated the Transak platform to scale the wallet’s global support, the firm announced to Cointelegraph on Oct. 5. The integration is immediately available on Okto, the
In this article XOM CVX OXY OT1A-FF RIVN Follow your favorite stocksCREATE FREE ACCOUNT People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in premarket trading. Rivian — Shares
When ALDI announced it was acquiring 400 Winn-Dixie and Harveys Supermarket locations in the Southeast U.S. in mid-August, the move signaled the Batavia, Ill.-based discount retailer would not be following the crowd. Rather than closing supermarkets, as many chains have, ALDI intends to surge ahead with store openings, unveiling 120 new stores nationally to reach
Bitcoin (BTC) is beating inflation better than the U.S. dollar, the Federal Reserve says — unintentionally. In a blog post first released in June 2022 and since updated, the St. Louis Fed compares buying eggs with BTC compared to USD — still with surprising results. Bitcoin vs. US dollar: “Eggflation” has gone nowhere Bitcoin hodlers