Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A green energy tycoon who plans to donate £5mn to the UK’s Labour party has been ordered by the High Court to inform his wife before he hands over more cash. Lawyers acting for Dale
Municipals were mixed Wednesday, but selling pressure was evident on the short end, as few deals of size priced in the primary market and balances from Tuesday’s large new-issues were digested. Munis underperformed a stronger U.S. Treasury market while equities ended up. Despite weakness Wednesday and Tuesday, munis have “held in pretty well,” with yields
Archeologists recently discovered an ancient gold ring inscribed with the face of Jesus Christ in almost new condition among 30,000 other medieval archaeological objects in southeast Sweden. As reported by The Christian Post, the discoveries were made at the coastal city of Kalmar during an excavation plan including 50 medieval plots, about ten streets, and
A pseudonymous NFT entrepreneur known as Gmoney borrowed $1 million as a 180-day loan in tokenized U.S. dollars (USDC) using his prized Ape Punk #8219 as collateral on the Gondi lending platform. This is the first time a high-value single asset has been used to secure such a loan, according to the investor. The loan
Loading… Loading… On Tuesday, large-cap indices experienced a downturn, while small caps surged, reflecting investor attention on stock valuations. The iShares Russell 2000 ETF IWM climbed by over 1%, on track for its fourth consecutive session of gains, representing the lengthiest streak since late 2023. Blue-chip stocks declined by 0.4%, while the Nasdaq 100 dipped
Good vibrations — Taylor Swift fans dancing and jumping created last years Swift quakes “Shake It Off” produced tremors equivalent to a local magnitude earthquake of 0.851. Jennifer Ouellette – Mar 26, 2024 10:36 pm UTC Enlarge / Taylor Swift during her Eras Tour. Crowd motions likely caused mini “Swift quakes” recorded by seismic monitoring
ANONYMIZERS ON THE CHEAP — Thousands of phones and routers swept into proxy service, unbeknownst to users Two new reports show criminals may be using your device to cover their online tracks. Dan Goodin – Mar 26, 2024 7:56 pm UTC EnlargeGetty Images reader comments 57 Crooks are working overtime to anonymize their illicit online
The creator of a new three-part docuseries on Netflix about Moses says one goal of the project was to represent different faith traditions accurately and that he believes the series will inspire and educate viewers. That docuseries, Testament: The Story of Moses, launches on Netflix on March 27 and includes perspectives from Muslims, Christians and
A ‘For Sale’ sign is posted on the lawn in front of a home on March 15, 2024, in Miami, Florida. Joe Raedle | Getty Images The usually busy spring housing market is underway, but mortgage demand isn’t moving. Application volume was essentially flat last week, dropping 0.7% compared with the previous week, according to
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. China’s President Xi Jinping met a group of US chief executives on Wednesday as American business leaders sought to mend ties frayed by geopolitical and trade tensions between the world’s two largest economies. The gathering
Houston would be able to accommodate the cost of a proposed settlement with its firefighters in the near term, but will need a revenue boost to prevent a structural budget gap from growing, City Controller Chris Hollins said Tuesday. Hollins, who took office in January, said he will have to certify if funds are available
A massive new-issue slate was the focus Tuesday, with investors digesting three large general obligation deals out of California, New York City and Washington, amid lighter but slightly weaker secondary trading. The onslaught of new-issuance and approaching month- and quarter-end led triple-A yields to rise up to seven basis points on the short end and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Donald Trump’s social media business rose 26 per cent ahead of its New York market debut on Tuesday, valuing the former US president’s stake at about $5bn as he faces massive legal bills.
BlackRock CEO Larry Fink Taylor Hill | Getty Images Entertainment | Getty Images BlackRock Chairman Larry Fink said capital markets can help solve a crisis brewing around the ability of Americans to afford retirement as lifespans elongate, and for the government to provide a basic safety net. In his annual letter to shareholders, Fink called
Compass agreed to dish out $57.5 million to settle class-action lawsuits accusing the real-estate brokerage of conspiring to overcharge US home sellers by billions of dollars, according to a filing with the Securities and Exchange Commission. In the regulatory documents, Compass denied any wrongdoing and claimed the sum would not materially affect its operations, according
WeWork co-founder Adam Neumann has submitted a bid to buy back the bankrupt office-sharing company for more than $500 million, a person familiar with the matter told Reuters. It is not clear how Neumann is planning to line up financing for his bid, the source said, requesting anonymity as the discussions were confidential. Last month,
Loading… Loading… On Tuesday, large-cap indices experienced a downturn, while small caps surged, reflecting investor attention on stock valuations. The iShares Russell 2000 ETF IWM climbed by over 1%, on track for its fourth consecutive session of gains, representing the lengthiest streak since late 2023. Blue-chip stocks declined by 0.4%, while the Nasdaq 100 dipped
Loading… Loading… Digital investment platform company announced a SPAC merger to go public. Looking at the details and what's next for the company. Digital investment platform Webull Corporation is going public via a SPAC merger announced Wednesday. The news comes years after reports that Webull was nearing an IPO to go public. What Happened: The
Offering trading infrastructure and building out regulated brokerages, Architect Financial Technologies raised capital to launch a U.S. derivatives brokerage. What Happened: Architect Financial Technologies secured $12 million in capital in its latest funding round, bringing its total funding to $17 million since its inception in January 2023, as per its official release. The current round
In the current landscape of financial markets, the significance of having suitable investment tools cannot be overstated. Fortunately for the public, the proliferation of apps and online platforms has greatly increased the wealth accumulation possibilities for individuals. These digital resources not only help people to stay informed but also enable them to devise more effective
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