Receive free US politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest US politics & policy news every morning. One is a 36-year old former restaurateur who won notoriety for carrying a gun into Congress to assert her constitutional right to bear arms. Another is a Florida lawyer
Receive free Financial Stability Board updates We’ll send you a myFT Daily Digest email rounding up the latest Financial Stability Board news every morning. The world’s financial stability watchdog is launching a probe of the build-up of debt outside traditional banks, as it seeks to limit hedge funds’ borrowing and boost transparency. Klaas Knot, chair of
China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A day after China Evergrande’s shares were suspended in Hong Kong, the beleaguered Chinese property firm revealed that its director and executive chairman is under scrutiny over suspected crimes.
Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct. 2. On Sept. 28, VanEck released the two “Enter the Ether” themed TV commercials, revealing that its Ethereum Strategy ETF — tickered EFUT — is “coming soon.”
The American Dream used to include a house with a white picket fence. And then, at some point, expectations grew larger and more grandiose (perhaps coinciding with Dallas, and Dynasty, two wildly popular prime time TV soap operas with the wealthy, sprawling settings). Some single-family homes rivaled hotels or B&Bs, and had four- and five-car
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese worker fined $145K over VPN An unnamed individual in China was fined 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of a remote work routine for a foreign employer. According to
ESPN is close to finalising a deal on broadcast rights with the emerging golf league TGL, according to people familiar with the matter, giving the upstart pro league helmed by Tiger Woods and Rory McIlroy a media partner as they prepare to launch next year. Terms of the deal, including value and duration, have not
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Global stocks rose on Thursday, helped by a drop in oil prices and falling Treasury yields ahead of highly anticipated US and eurozone inflation data. Brent crude fell 1.2 per cent to settle at $95.38
The United States securities regulator has delayed the decision on several spot Bitcoin exchange-traded fund (ETF) proposals, including BlackRock, ahead of an anticipated government shutdown. Invesco, Bitwise and Valkyrie are the other three firms that were hit with delays by the Securities Exchange Commission in separate Sept. 28 filings. Bloomberg ETF analyst James Seyffart is also expecting
You might recognize the iconic hallway staircase in this Manhattan townhouse from the hit movie The Devil Wears Prada. That’s because it served as the home of the movie’s fictional character Miranda Priestly. Located on New York’s Upper East Side, the home was originally listed for $27.5 million but recently sold to an unidentified buyer
Receive free Cyber Security updates We’ll send you a myFT Daily Digest email rounding up the latest Cyber Security news every morning. China has moved to water down some of its tough cross-border data controls amid complaints from foreign businesses and a teetering economy. The Cyberspace Administration of China unveiled rules on Thursday evening which
Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go. According to the strategy, Bitcoin miner rewards sent to exchanges foreshadows pending sell pressure on Bitcoin price and possibly reflects distress
Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF. A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin (BTC) futures “under one wrapper,” making it one of the
Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. The US has accused China of trying to create a “community of digital authoritarians” in a report designed to convince other countries that Beijing is mounting a global propaganda effort as part of
Your browser does not support playing this file but you can still download the MP3 file to play locally. The markets tried denying that the Federal Reserve really would keep rates “higher for longer”. But in the past week, equities and debt finally seemed to accept that high interest rates are here to stay. That
In this article NVDA MSFT META Follow your favorite stocksCREATE FREE ACCOUNT Brad Gerstner, Altimeter Founder & CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could
Municipals sold off Thursday, despite a stronger U.S. Treasury market, while mutual funds reported large outflows. Equities ended up. Muni triple-A yields rose nine to 12 basis points, depending on the scale, while UST yields fell two to eight basis points. Municipal to UST ratios were higher again as a result. The two-year muni-to-Treasury ratio
Massachusetts’ House of Representatives passed a hotly debated series of tax cuts this week. Following months of legislative back-and-forth on the package’s provisions, state representatives voted 55-1 Wednesday to pass a series of tax cuts expected to provide $561 billion in breaks across its first year. The bill has seen revision after revision since Gov.
The chief executive officer of the financially stressed U.S. Virgin Islands Water and Power Authority said its “critical” project to retire debt and take ownership of infrastructure remains on track. CEO Andrew Smith told the WAPA board of directors Thursday he is optimistic WAPA and local agencies are making progress on fulfilling the requirements for
Affordable housing accounted for approximately 43% of New York City’s $3.91 billion in multifamily sales in 2Q 2023, according to Ariel Property Advisors’ Q2 2023 Multifamily Quarter in Review report. Major mission-driven investors including Nuveen, The Vistria Group, Tredway and Asland Capital Partners in association with Goldman Sachs made sizable affordable housing acquisitions across the
Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide. “Student housing is, I think where the opportunity is most specifically generating a lot of strong cash for us and our investors,” as universities seek more accommodations to satisfy growing