Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. No western government wants a clash with India. The country is seen as the market of the future and an essential counterweight to China. From Washington to Canberra and from Tokyo to London, Narendra Modi’s
Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the U.S. to avoid a recession even as the central bank raises interest rates to cool inflation. “I’ve been calling that the golden path and I think it’s possible, but there are a lot of risks and the path is long and winding,”
The Secure and Fair Enforcement Regulation Banking Act, a bipartisan bill introduced last week that would give communities and small cannabis businesses access to financial institutions, has a strong chance of passing and has already garnered the support of local government groups. The bill will be marked up on Wednesday in the Senate Committee on
Oklahoma lawmakers will meet in a special session next month called by Gov. Kevin Stitt, who wants to put the state on a path to zero income taxes and proposed a trigger law related to the state’s future ability to tax certain Native Americans. In a post on X, the message platform formerly known as Twitter,
Receive free Central banks updates We’ll send you a myFT Daily Digest email rounding up the latest Central banks news every morning. The Bank of England could tear up its current process for producing forecasts and move to an approach closer to that of the US Federal Reserve under a review led by Ben Bernanke.
Former longtime Citi head of municipal strategy Vikram Rai has landed at Wells Fargo, where will join the municipal credit strategy team as senior strategist. The firm confirmed that Rai joined Wells on Monday. He will report to Matt Rosenberg and Chris Lee, co-heads of sales and trading. Longtime head of municipal strategy at Citi
Receive free Global trade updates We’ll send you a myFT Daily Digest email rounding up the latest Global trade news every morning. World trade volumes fell at their fastest annual pace for almost three years in July, according to closely watched figures that signal rising interest rates are beginning to impact global demand for goods.
Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016. If they can
Receive free Social affairs updates We’ll send you a myFT Daily Digest email rounding up the latest Social affairs news every morning. There is one particular detail in the FTX saga that I can’t stop thinking about. It’s not the salacious stories about polyamorous relationships at the cryptocurrency exchange, the criminal charges against Sam Bankman-Fried
Sir Elton John recently listed his Atlanta condo for $4.995 million after three decades of ownership. The British musician purchased the condo, which is housed within the Park Place on Peachtree condominium complex, in the early 1990s after falling in love with Atlanta. During this time, he was fresh out of rehab and found supportive
Bitcoin (BTC) hugged $26,000 at the Sept. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences. BTC/USD 1-hour chart. Source: TradingView Bitcoin must preserve support now, analysis says Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support. Sideways weekend trading soon turned sour into
Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Check out the companies making headlines before the bell. AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The
Los Angeles Rams wide receiver Cooper Kupp is selling his 4-acre Oregon home and personal training facility for $3.5 million. Kupp is ready to part with the property outside Portland, where he trained hard and went on to be named most valuable player in the 2022 Super Bowl. Kupp, 30, lives with his wife, Anna,
Receive free US immigration updates We’ll send you a myFT Daily Digest email rounding up the latest US immigration news every morning. The writer is executive director of American Compass Political conditions in the US are ripe for rare progress on immigration. The issue has always fallen victim to debates over timing. Which should come
Receive free DWS Group updates We’ll send you a myFT Daily Digest email rounding up the latest DWS Group news every morning. DWS has agreed to pay a total of $25mn to settle two separate enforcement actions brought by the US securities regulator stemming from investigations into a greenwashing scandal that has dogged the asset
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. The boss of Nissan has warned that the world “needs to move on” from the internal combustion engine days after UK prime minister Rishi Sunak delayed a ban on the sale of new
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Airbus is preparing to shake up its senior leadership and appoint a dedicated head of its flagship civil aircraft business as Europe’s aerospace and defence champion seeks to tackle operational issues and geopolitical challenges. Under
MicroStrategy, a business intelligence firm and major Bitcoin (BTC) investor, is sending a bullish signal to the market by announcing the acquisition of another big stash of cryptocurrency. Michael Saylor, co-founder and executive chairman of MicroStrategy, took to X (formerly Twitter) on Sept. 25 to announce a 5,445 BTC purchase by the firm. The coins
Receive free EU trade updates We’ll send you a myFT Daily Digest email rounding up the latest EU trade news every morning. This article is an on-site version of our Trade Secrets newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday Welcome to Trade Secrets. I got some pushback
Receive free Outlook updates We’ll send you a myFT Daily Digest email rounding up the latest Outlook news every morning. The writer is a former FT intern The journey of the first overhead-powered electric tramway in Europe began in 1891 with “exclamations of delight” and ended in frustration. A hundred or so aldermen, councillors and
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. The writer is the author of several books on the City and Wall Street A hundred years ago, the UK had more than a dozen stock exchanges. London was the biggest but Aberdeen, Cardiff, Leeds