Receive free US government shutdown updates We’ll send you a myFT Daily Digest email rounding up the latest US government shutdown news every morning. Parts of the US government are expected to shut down from Sunday after Republican dissidents in the House of Representatives defeated the party’s own stop-gap funding bill in a severe blow
Receive free BP PLC updates We’ll send you a myFT Daily Digest email rounding up the latest BP PLC news every morning. BP’s top executive in the US is leaving the company, the oil giant told staff on Friday just weeks after the resignation of the company’s global chief executive Bernard Looney. Dave Lawler, who
Manhattan has always been an epicenter of real estate allure and activity. But, like the city itself, the real estate market is ever-evolving, and current trends suggest a shift favorable to buyers. Whether you’re an avid real estate enthusiast or just casually observing, it’s evident that sellers are currently in a tough spot. This sets
On an internet forum in August, merchants who sell products on Amazon’s marketplace began speculating about the prospect of a lawsuit being brought against the ecommerce giant. There were “thousands of examples of abuses of sellers by Amazon,” one merchant alleged. Perhaps, the person added, it would be worth sellers collating their stories in support
September municipal bond issuance rose slightly year-over-year, becoming the first month of 2023 to see supply increase from 2022 levels, as several billion-dollar deals were priced and a general market acceptance of the Fed’s ‘higher for longer’ stance took hold. Led by tax-exempt, new-money deals, September’s total volume ticked up 1.2% to $27.585 billion in
Polygon Labs announced on Sep. 29 that Google Cloud has joined the Polygon PoS network as a validator. Google Cloud joins more than 100 other validators verifying transactions on its L2 Ethereum network. This month, @GoogleCloud became part of the decentralized validator set for Polygon PoS. The same infrastructure used to power @YouTube and @gmail
Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hadn’t been uploaded to the SEC’s public database at the time of writing. Invesco
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Party conference season is upon us, and the prime minister has made a slew of disconnected announcements — from reconsidering the HS2 railway to replacing A-levels with a baccalaureate — in a bid
It’s a toss-up as to what’s more stunning: the views of the deep blue Aegean Sea and marina lined with superyachts or the chic residence itself. Yalikavak, on Turkey’s Bodrum Peninsula, is a former fishing village turned high-end resort destination. Its traditional two-story stone houses are known as Bodrum evleri or basement houses. Yalikavak originated
A United States appellate court directed the Securities and Exchange Commission (SEC) in August to reassess its denial of Grayscale’s application for a Bitcoin exchange traded fund (ETF). A little-noted consequence of that decision is that it could open the floodgates for $600 billion in new cash to enter the cryptocurrency market. ETFs provide investors
Costco has made headlines this week after it rapidly sold out of gold bars. In times of economic uncertainty and rising inflation, it’s no surprise that investors are turning to traditional safe-haven assets like gold. The question is whether gold’s performance will eventually catapult its price above $2,050, a level last seen in early May.
A pair of Texas Congressmen are urging the Federal Railroad Administration to reject joint grant applications by Amtrak and railroad company Texas Central to build high-speed rail between Dallas and Houston. Republicans Rep. Jake Ellzey and Rep. Michael McCaul sent a Sept. 28 letter to the FRA outlining their opposition to the controversial project. The
California Democratic leaders are asking the state Supreme Court to remove a business-backed measure from the November ballot that would require voter approval for any increase in state or local taxes. Senate President Pro Tempore Toni Atkins, D-San Diego and Assembly Speaker Robert Rivas, D-Hollister, filed an emergency petition with the state Supreme Court Tuesday
Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission (SEC) to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance. In a Sept. 29 filing with the SEC, Valkyrie said it will not make certain purchases “until
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — Stock in the electric vehicle company added more than 2% in midday
Bitcoin (BTC) is attempting to trade above $27,000 which is a positive sign. In the past few days, Bitcoin’s price held up above $26,000 in adverse conditions when the United States dollar index (DXY) was rising sharply and the S&P 500 index (SPX) was plunging. This suggests that selling dries up at lower levels. The
The Municipal Securities Rulemaking Board has requested comment on draft amendments to Rule G-12 on uniform practice, in efforts to codify, retire and reorganize 40 pieces of interpretive guidance related to interdealer confirmations. The move will aid the MSRB in its goal of retiring approximately 20% of its body of interpretive guidance, much of which
Receive free Dianne Feinstein updates We’ll send you a myFT Daily Digest email rounding up the latest Dianne Feinstein news every morning. Dianne Feinstein, the veteran Democratic senator from California and a pioneer for women in American politics, has died, aged 90. Feinstein passed away at her home in Washington late on Thursday, James Sauls,
The Citizens Budget Commission has launched a survey of New York City residents, wanting to know what locals think about their quality of life today as well as how they perceive the city is meeting its goals of providing essential services, such as public safety and education. This is only the third time such a
Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. The Bank of England has warned lenders over the “elevated” risk in the models they use to predict loan losses and criticised them for failing to fully recognise the impact of high inflation
Today (Friday, September 29) is National Coffee Day. More Americans drink coffee on a daily basis (63%) than any other beverage, according to the National Coffee Association. In fact, 62% drink coffee every day, and 70% drink coffee every week. If you tend to grab coffee and espresso drinks at your local coffee shop, you