Receive free The FT View updates We’ll send you a myFT Daily Digest email rounding up the latest The FT View news every morning. In an alternative universe, Rishi Sunak might have been at the UN General Assembly in New York this week promoting UK leadership on climate change. Instead, the prime minister stayed home
The Municipal Securities Rulemaking Board now includes hourly updates from Bloomberg’s BVAL AAA Municipal Curve on its EMMA online system, a move the board says seeks to enhance transparency for investors, issuers and market participants. The updated site now shows BVAL AAA Municipal Curve updates hourly between 9 a.m. and 4 p.m. eastern, in addition
If you’re contemplating where to buy a house and settle in, you shouldn’t only take into consideration the city and state. Factors that are significant in their relation to homeowning, such as property taxes and school districts, operate on a smaller, more detailed level than the city-level. Therefore, shopping for homes in terms of ZIP
Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July. This bullish temperament is not reflected in institutional activity, however.
None Trading, a trading tool for cryptocurrencies and nonfungible tokens built on Discord, has shut down due to a “critical exploit” within its infrastructure. According to the September 20 announcement, None Trading developers said that it has “lost a significant amount of funding” as well as “team tokens” crucial for its operations. “Alongside this, we
In an era characterized by rapid technological advancements, evolving job markets, and shifting economic landscapes, certain cities in the United States have emerged as beacons of financial growth. Over the past half-decade, numerous regions have witnessed significant surges in average household incomes, painting an intriguing picture of economic dynamics across the nation. Here, we’re going
As the green bond market continues to evolve, investors have become more discriminating about what they will purchase. The California Debt and Investment Advisory Commission, the educational branch of the state treasurer’s office, has been working to help issuers determine what kind of green bond disclosure will capture market attention. “At CDIAC, we recognize issuing
Voters will determine if Polk County, Iowa will issue up to $350 million of general obligation bonds to help fund a terminal project at the Des Moines International Airport. The county board of supervisors on Tuesday unanimously approved placing a bond referendum on the Nov. 7 ballot. The Des Moines Airport Authority, which can issue
The U.S. Federal Reserve Building in Washington, D.C. Win Mcnamee | Reuters Today, the Federal Reserve will publish its latest economic forecasts. There will be an intense focus on the Summary of Economic Projections, which is the Fed’s own estimates for GDP growth, the unemployment rate, inflation and the appropriate policy interest rate. The summary will
Receive free Climate change updates We’ll send you a myFT Daily Digest email rounding up the latest Climate change news every morning. UN secretary-general António Guterres has told world leaders that they are still “decades behind” in moving away from fossil fuels as he launched a scathing critique at the UN’s inaugural climate ambition day
India’s spy agency dubbed it Operation Hornet. As Abdul Khan went into his house in Lahore, Pakistan, in June 1987, he was gunned down by two men on a motorcycle. The hit against the London-based Pakistani national was the result of months of planning by India’s foreign intelligence service the Research & Analysis Wing, according
Wormhole has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USD Coin (USDC) to be transferred between Ethereum, Avalanche, Arbitrum and Optimism via Wormhole-based bridges, according to a Sept. 20 announcement. The new feature is available to end-users via the Portal bridge, and developers can integrate it into their own apps using Wormhole Connect. Portal USDC
Digital currency investment company Grayscale is the latest firm to file for a new Ethereum futures’ exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Grayscale on Sept. 19 officially proposed to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the New York Stock Exchange (NYSE) Arca Rule 8.200-E.
The ongoing legal battle between the Binance cryptocurrency exchange and the U.S. Securities and Exchange Commission (SEC) took a surprising turn on Sep. 18. Magistrate Judge Zia M. Faruqui rejected the SEC’s request for access to Binance.US’s systems. Instead, the Federal Magistrate suggested that the SEC should formulate specific discovery requests. While this decision only
The public finance industry has put the cart before the horse when it comes to environmental, social and governance (ESG) and impact investment practices. Labels, proprietary investor modeling and data platforms behind paywalls obfuscate the real problem: the data and its contextualization for the public (and investors) to understand the intent behind municipal securities is
Rishi Sunak’s anticipated delay in banning the sale of new petrol and diesel cars has prompted a backlash from the UK automotive industry, which warned it would undermine investment certainty. The UK prime minister’s expected shift of the target from 2030 to 2035, which was noted in automotive boardrooms across the world, has cast uncertainty
The launch of generative AI products over the past nine months has the world talking about how it will change the future. Many are frightened. Others are excited about the opportunity. A report last month from Next Move Strategy Consulting predicts the AI industry will grow 20x in the next seven years, creating a $2
A couple building a high-end contemporary house close to the Potomac River near Washington, D.C., had distinct ideas about what it should be. One person favored a Moroccan courtyard-style design; the other wanted a sustainable and well-built home. It would be up to the architects to make it work—and they did, spectacularly. Sliding mesh screens
Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence with Cointelegraph, the exchange outlined its priority to build and deploy a new wallet system to facilitate activities for the 211 blockchains
Pinterest app on a mobile phone. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines before the bell. Dollar General — Dollar General shares fell 2% after JPMorgan downgraded the discounter to underweight from a neutral as the company’s core shopper grapples with persistent inflationary pressures and dwindling savings. Pinterest —
The United Auto Workers’ strike against three big U.S. automakers, even if successful, won’t do much to reduce Michigan’s reliance on traditional gasoline-powered vehicles, a report released this week by Moody’s Investors Service says. Rather, the strike “spotlights the carbon transition exposure facing Michigan, Detroit, and certain other local governments in the state as automakers