Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan started counting votes on Saturday afternoon in a pivotal presidential and parliamentary election that could influence China’s approach to its democratic neighbour. The eighth national vote since the country of 23.5mn first held free
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In this article MTCH Follow your favorite stocksCREATE FREE ACCOUNT The Covid-19 pandemic resulted in an increase in people looking for love on dating platforms such as Match Group’s Tinder app. Beata Zawrzel | NurPhoto | Getty Images Company: Match Group (MTCH) Business: Match Group provides dating products worldwide. Their portfolio of brands includes Tinder,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Post Office claimed tax relief on compensation it paid to victims of the postmasters scandal, sparking warnings that it risks a £100mn bill and insolvency if authorities rule the move unlawful. In its latest
Washington state’s rating outlook was revised to positive from stable Thursday by S&P Global Ratings, citing the state’s growing economy and strong reserves. The outlook revision means there is a one-in-three chance the state could have its AA-plus rating upgraded to AAA by S&P over the two-year outlook period, said Oscar Padilla, an S&P director.
Puerto Rico Secretary of the Treasury and Chief Financial Officer Francisco Parés Alicea will resign effective Jan. 31. Gov. Pedro Pierluisi announced the resignation and said Nelson Pérez Méndez will serve as the interim Secretary of the Treasury. Pérez Méndez was deputy director of the Fiscal Agency and Financial Advisory Authority, focusing on the central
Municipals were little changed ahead of a holiday-shortened week, while U.S. Treasuries were firmer 10 years and in and equities were mixed near the close. The muni market, as expected, has “remained in a sideways mode” so far in this year with muni-UST ratios grinding lower, said BofA Securities strategists in a weekly report. While
First Eagle Investments has hired John Suh and Andrew Belsky as credit analysts as the firm continues to build out its high-yield team under Chief Investment Officer and high-yield manager John Miller. Suh, based in New York, previously was a trader/analyst on the high yield desk in JPMorgan’s public finance division. He was at JPMorgan
UBS has settled charges with the Financial Industry Regulatory Authority, agreeing to a censure and a $100,000 fine for failing to include the Non-Transaction Based Compensation indicator when reporting 91,059 municipal securities transactions to the Municipal Securities Rulemaking Board. For this, UBS violated MSRB Rule G-14 on customer transaction reporting, which requires firms to report
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup said it expected to cut 20,000 jobs in the “medium term” as it reported its worst quarter for 15 years. Citi, which is in the middle of its biggest restructuring for two decades, reported
Chesnot | Getty Images The Securities and Exchange Commission pushed for bitcoin ETFs to have a key difference from major stock funds, and that decision’s impact on how the funds trade will only become clear over time. The bitcoin funds that launched on Thursday are using a share redemption process that turns the underlying crypto
In September 2015, then Bank of England Governor Mark Carney gave a speech in which he famously referred to the “Tragedy of the Horizon.” He was referring to the fact that financial markets tend to mis-price climate risk because the perceived timing for such risk lies far into the future, beyond the normal investment horizon
Municipal bond insurance grew 10.4% year-over-year in 2023 leading to the highest market penetration rate since 2008, despite a drop in overall bond volume. While municipal issuance ended 2023 slightly down, demand for bond insurance continued to grow as market participants turned to it for investor confidence, increased market liquidity and enhanced credit ratings. The
The Chicago Board of Education on Wednesday saw its issuer rating and debt ratings from Moody’s Investors Service upgraded a notch, to Ba1 from Ba2 — still speculative grade, but one level below investment-grade status. The rating outlook remains positive after the upgrade. Moody’s cited improvements in Chicago Public Schools’ operating fund net cash balance,
Loading… Loading… The Bitcoin BTC/USD ecosystem is predicted to witness unprecedented opportunities and growth in 2024, according to areportthatdissects macro and micro trends andforecastsa bright future for the largest cryptocurrency and related assets. Foremost among the predictions made by the analysis, titled Bitget's 2024 Bitcoin Report,is the surge in value for popular cryptocurrencies such as
The world of investing is a fascinating one that offers numerous possibilities for anyone looking to grow their wealth. However, investing is not a one-size-fits-all endeavor. Each individual has different needs, preferences and goals, which require customized strategies. It's like embarking on a journey; while some may prefer leisurely strolls along well-trodden paths, others may
Loading… Loading… A new survey reveals that 99% of U.S. financial services companies put similar, or more focus, on crypto or blockchain projects in 2023 compared to prior years. What Happened: Paxos surveyed 400 U.S.-based executives from companies with at least $50 billion in assets under management or $50 billion annual payments volume. Here's a
Loading… Loading… From July 2021, Visa entered a consolidation phase, with its stock price oscillating between $174 and $252, testing investor patience over a two-year period. Despite a minor pullback after reaching $263, Visa's stock found support at the daily 20 simple moving average around $255, suggesting a regaining of buyer momentum. Surpassing the previous
A great start — Rocket Report: A Chinese launch you must see; Vulcans stunning debut “I am so proud of this team. Oh my gosh, this has been years of hard work.” Eric Berger – Jan 12, 2024 1:00 pm UTC Enlarge / Vulcan launches from Cape Canaveral Space Force Station on Monday.United Launch Alliance
One Kentucky high schooler started a TikTok trend by creating a prayer wall to encourage herself and other students. Our school, along with the middle school, has struggled with suicide, Sophy Jones, who attends Whitley County High, told WKYT-TV. And, a lot of people struggle with their mental health.According to Faithwire, Jones started the prayer