Receive free UK industrial strategy updates We’ll send you a myFT Daily Digest email rounding up the latest UK industrial strategy news every morning. Jeremy Hunt has insisted Britain is not about to adopt Joe Biden’s “subsidy bowl” approach to economic policy, on the day he signed off a £500mn subsidy package for Tata to
Bitcoin (BTC) has a $250,000 target for after its next block subsidy halving — but new all-time highs will come sooner. That is the latest BTC price prediction from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency. BitQuant: Pre-halving all-time high will not be BTC price top In
Florida’s unemployment rate remained at 2.7% last month, unchanged from July’s rate and August 2022’s level, the Florida Department of Commerce reported Friday. This contrasts to the national rate of 3.8%, which rose 0.3 percentage point last month from 3.5% in July. It was the 34th month in a row the state’s jobless rate remained below
Detroit raised its revenue estimates this week, as city finance officials tout their stewardship of the Motor City eight years after its exit from Chapter 9 bankruptcy. General Fund revenue estimates total $1.28 billion in the current fiscal year, up $31 million from the previous conference estimates, according to Monday’s Revenue Estimating Conference. “The steady
Your browser does not support playing this file but you can still download the MP3 file to play locally. The Labour leader Keir Starmer is attempting to seize the initiative on dealing with clandestine immigration. Lucy Fisher is joined by the FT’s Stephen Bush and Miranda Green to examine his plan to strike a returns
General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019. Bryan Woolston | Reuters Check out the companies making headlines before the bell. KeyCorp — The Cleveland-based regional bank rose almost 2% premarket after Piper Sandler said the shares
On a balmy Friday evening in the middle of August, senior partners from two of America’s most powerful law firms were among the thousands packed into Chicago’s Wrigley Field as Bruce Springsteen and the E Street Band blasted out classics including “Born to Run” and “Wrecking Ball”. Jon Ballis, the chair of Kirkland & Ellis,
Johnny Taylor, independent director at logistics company XPO, said a “hot topic” at a gathering of board members in New York this week — beyond the impact of shareholder activism, cyber threats and artificial intelligence — was Bernard Looney’s abrupt resignation as BP chief executive. Looney’s departure over the non-disclosure of past relationships with colleagues
Receive free UK manufacturing updates We’ll send you a myFT Daily Digest email rounding up the latest UK manufacturing news every morning. Britain will pay subsidies of up to £500mn to Tata Group to secure the future of the country’s biggest steelworks at Port Talbot in Wales in a deal that could result in as
Receive free UK labour disputes updates We’ll send you a myFT Daily Digest email rounding up the latest UK labour disputes news every morning. The UK’s train drivers’ union has announced a new set of strikes targeting the Conservative party’s annual conference in October. Aslef said on Friday that drivers at 16 train companies would
Given the size of their enormous cohort, Millennials wield incredible clout to change society. Since maturing into young adults, they’ve been fingered as culprits behind the demise of a great many societal habits and norms, from the donning of business suits and the shopping of department stores to the use of banks and golf clubs.
Receive free Retail & Consumer industry updates We’ll send you a myFT Daily Digest email rounding up the latest Retail & Consumer industry news every morning. When Karl Birkenstock took the contoured “footbed” insole invented by his grandfather Konrad and turned it into a health sandal in 1963, it was not an immediate hit. But
The Bitcoin (BTC) miner who received the 19.8 BTC in fees has returned the funds to blockchain infrastructure firm Paxos, after its claims that the company made the mistake of paying over $500,000 in BTC transfer fees. F2Pool have sent the 19.82108632 BTC fee overpayment back to Paxos https://t.co/IB32RNq5uO — mempool (@mempool) September 15, 2023
Bitcoin (BTC) consolidated higher on Sep. 15 as analysis described recent BTC price behavior as “textbook.” BTC/USD 1-hour chart. Source: TradingView Analyst on Bitcoin: “September is not Rektember” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency focusing on $26,600 — below a key breakout level. Bitcoin had shrugged off the latest United
Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty Images As concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. “I don’t want to own debt, you know, bonds and
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Markets across Asia rose on Friday as sentiment was boosted by positive economic data out of China and tailwinds from the successful listing of UK chip designer Arm. Hong Kong’s Hang Seng stock index led
Arm’s successful initial public offering this week and plans for other substantial listings are stirring Wall Street bankers’ hopes for a return of billions in fees after a year and a half in which new issues were all but stalled. SoftBank-backed chip designer Arm expects to pay its underwriters as much as $104.6mn in fees,
For years, Arm, the SoftBank-owned chip design company, was happy to collect crumbs from the table of some of the world’s most powerful semiconductor companies. It levied tiny charges for its designs, bringing it an average of only 9 cents for each of the 30bn new computing devices that depended on its technology last year.
There’s an old joke that Saudis have a lot of money not because of oil, but because they don’t let their wives spend it. With prices making 2023 highs this week, saying no must be getting harder, even if first-half oil revenues for the kingdom were a quarter down on last year. Extended production cuts
Receive free Central banks updates We’ll send you a myFT Daily Digest email rounding up the latest Central banks news every morning. Complaining that central bankers are squeezing borrowers is a bit like grumbling that weight-loss drugs are making your face look gaunt. Looking pinched is part of the process. Officials at the Federal Reserve,
Receive free Data Points updates We’ll send you a myFT Daily Digest email rounding up the latest Data Points news every morning. Nimbys have long opposed housebuilding on the grounds that it lowers the value of their own properties. But lately they have found unexpected allies in the leftwing “supply scepticism” movement, whose advocates argue