Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The founders and top executives of the largest private equity groups in the US have seen the value of their shares rise by over $40bn since the beginning of 2023 as new assets have poured
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tech companies have axed 34,000 jobs this year as they rejig their workforces to invest in new areas such as generative artificial intelligence to power their next phase of growth. Microsoft, Snap, eBay and PayPal
In this article EPD VZ MPLX VZ Follow your favorite stocksCREATE FREE ACCOUNT People visit the Verizon stand at the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2023. Nacho Doce | Reuters A strong fourth-quarter earnings season is underway, and it’s time for dividend-paying companies to shine. Resilient dividend-paying companies can offer long-term
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Far more Americans trust Donald Trump to handle the US economy than Joe Biden despite months of strong growth, a new poll has found, underscoring the president’s difficulty in convincing voters his policies are improving
A Norfolk Southern rail terminal in Austell, Georgia, US, on Tuesday, July 25, 2023. Elijah Nouvelage | Bloomberg | Getty Images Company: Norfolk Southern (NSC) Business: Norfolk Southern is a railway company. It transports a variety of raw materials, intermediate products and finished goods in the United States. Stock Market Value: $57.56B ($254.83 per share)
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders could present systemic risks.
In this article FLNC Follow your favorite stocksCREATE FREE ACCOUNT Rows of cabinets containing lithium ion batteries supplied by Fluence, a Siemens and AES Company, are seen inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long Beach, California on September 16, 2022.
Municipals ended the week quieter than they began it with a mostly steady to firmer tone in spots Friday, outperforming U.S. Treasuries, which saw small losses. Equities were mixed at the close. Tax-exempt yields have moved higher with Treasuries, but outperformed on the whole, while municipal to UST ratios have been “largely moving sideways” in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Democrats sought to rally around Joe Biden on Friday after they were left reeling by a special counsel’s report that cast the US president as a “well-meaning, elderly man with a poor memory”. As the
The honeymoon phase for environmental, social and governance considerations in the municipal market is beginning to wane, giving way to a more thorough and dynamic vision for how issuers and market participants can deal with the hotly-politicized concpept. ESG was building steam before the pandemic, but has now become so overly-politicized that banks, underwriters and
Employee-owned international broker-dealer Baird has launched a California Public Finance group and hired veteran banker John Baracy as a managing director to run it and be the California K-12 market lead. “It’s been a market we wanted to expand in just given the size of the California economy,” said Brian Brewer, Baird’s director of public
The direction of interest rates will have the greatest impact on the municipal bond market this year, according to a vote taken at The Bond Buyer’s 2024 National Outlook Conference in Manhattan on Thursday. Almost three quarters of respondents, 72%, said interest rates would have the most significant effect on the public finance industry in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has insisted the British public would “appreciate” him being “straight” about Labour’s plans for the economy after he slashed the party’s long-standing £28bn annual green spending commitment. Starmer on Friday said Labour
The Internal Revenue Service has informed the Port of Port Arthur Navigation District of Jefferson County, Texas that the tax-exempt status of a 2017 $55 million bond issuance remains unresolved, months after the district initially disclosed that the IRS was casting doubt on the tax-exempt status of the bonds. The notice came via a notice on
If you or someone you know may be experiencing a mental health crisis, contact the 988 Suicide & Crisis Lifeline by dialing 988, or the Crisis Text Line by texting HOME to 741741. Philadelphia police officers Kenneth Harper and Jennifer Torres were in their patrol car sitting at a red light when a call came
In late 2021, Tom Suozzi made an announcement that exasperated Democratic Party leaders: The third-term representative would give up a reelection bid for his highly competitive New York House district to mount a long-shot primary challenge against Governor Kathy Hochul. Suozzi got trounced, but the ripple effects of his ill-fated run extended far beyond his
Confrontations over immigration and border security are moving to the center of the struggle between the two parties, both in Washington, D.C., and beyond. And yet the most explosive immigration clash of all may still lie ahead. In just the past few days, Washington has seen the collapse of a bipartisan Senate deal to toughen
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Vyommitra seems nice — Rocket Report: US military still wants point-to-point; Indias big 2024 ambitions “Were still targeting to get Neutron on the pad before the end of the year.” Eric Berger – Feb 9, 2024 12:00 pm UTC Enlarge / A Falcon 9 rocket launched NASA’s PACE spacecraft this week.SpaceX reader comments 9 Welcome
Loading… Loading… During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates. Additionally, economic data released Thursday morning revealed a robust labor market, with unemployment benefits registering well below expectations for