Municipals were steady to end the week ahead of a surge in supply, helped by three billion-plus deals. U.S. Treasuries were firmer and equities were mixed. While USTs yields fell up to five basis points late in the session Friday, they sold off for most of this week, with various market participants seeing “even more
Chicago Mayor Brandon Johnson’s proposed real estate transfer tax change — also known as the mansion tax or Bring Chicago Home — was defeated in Tuesday’s election. The city has said the revenue generated from the tax would go to fight homelessness in Chicago. About 53.6% of Chicago voters had rejected the measure by Wednesday,
In a majority vote, the California Public Employee Retirement System board came out against a state initiative headed for November’s ballot that would limit the ability of state and local governments to levy taxes and make pension contributions. The initiative, called the “Taxpayer Protection and Government Accountability Act,” would amend the California constitution altering the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US resolution calling for an immediate ceasefire in Israel’s war in Gaza was vetoed by Russia and China in the UN Security Council on Friday. The US proposal was the clearest signal to date
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
Loading… Loading… The tech industry is witnessing a transformation as significant as the advent of the Internet in the 1990s, with artificial intelligence (AI) at the forefront of this seismic shift, according to Wedbush. Analysts at Wedbush have drawn a striking analogy to describe the impact of AI, likening a standout company in the AI
KREMLIN FINGERPRINTS — Never-before-seen data wiper may have been used by Russia against Ukraine AcidRain, discovered in 2022, is tied to AcidPour. Both are attributed to Russia. Dan Goodin – Mar 22, 2024 12:37 am UTC EnlargeGetty Images reader comments 12 Researchers have unearthed never-before-seen wiper malware tied to the Kremlin and an operation two
Judging by recent headlines , young men and women are more politically divided now than ever before. A new global gender divide is emerging, the Financial Times data journalist John Burn-Murdoch wrote in a widely cited January article. Burn-Murdochs analysis featured several eye-popping graphs that appeared to show a huge ideological rift opening up between
Please do not disturb — Hackers can unlock over 3 million hotel doors in seconds Saflok has a fix for the vulnerability, but patching may take a long time. Andy Greenberg, wired.com – Mar 22, 2024 1:52 pm UTC Enlarge / A Saflok branded lock.Dormakaba reader comments 0 When thousands of security researchers descend on
After a subdued couple of years that followed a stellar performance in 2021, the market for initial public offerings (IPOs) is expected to recover some ground in 2024. The market for new listings was, during 2022 and 2023, hit by rising inflation and interest rates, which raised funding costs and made markets more turbulent, in
Federal prosecutors are pursuing a deal to allow WikiLeaks founder Julian Assange to avoid espionage charges and instead plead guilty to the misdemeanor of mishandling classified data. The Wall Street Journal first reported on the talks between U.S. authorities and Assange’s lawyers on Wednesday. The independent outlet Consortium News then confirmed that it had learned
The great conservative thinker William F. Buckley in 1963 wrotethat he would rather “live in a society governed by the first 2,000 names in the Boston telephone directory than in a society governed by the 2,000 faculty members of Harvard University.” Buckley recognized the great “brainpower” among the university’s faculty, but feared the “intellectual arrogance
In Las Vegas, cheating at the gambling tables can swiftly send you to jail. Yet in the world of fantasy sports betting, major companies are cheating and getting away with it: They are edging out rising competitors rather than playing fair. Their accomplice in this endeavor? None other than state legislatures. The online fantasy sports
Eating their lunch — Rocket Report: Starship could fly again in May; Ariane 6 coming together “I think were really going to focus on getting reentry right.” Stephen Clark – Mar 22, 2024 11:00 am UTC Enlarge / Nine kerosene-fueled Rutherford engines power Rocket Lab’s Electron launch vehicle off the pad at Wallops Island, Virginia,
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
THIS MEMORY-DEPENDENT PREFETCHER HAS TEETH — Unpatchable vulnerability in Apple chip leaks secret encryption keys Fixing newly discovered side channel will likely take a major toll on performance. Dan Goodin – Mar 21, 2024 2:40 pm UTC EnlargeAurich Lawson | Apple reader comments 160 A newly discovered vulnerability baked into Apples M-series of chips allows
Ryan Hallam, who spent nearly three decades at Citi, has been hired as a managing director and co-head of high-yield trading on Piper Sandler’s fixed-income team. Hallam will handle high-yield muni sales and trading, focusing on large institutional accounts. “As we look to grow our market share in the municipal industry, Ryan’s tremendous experience and
While a move to raise New York City’s borrowing capacity by $12 billion is reasonable and sufficient for the city to meet future capital needs, the debt service threshold must be kept within safe limits, officials say. Letting New York City sell more bonds will allow it to meet its capital needs over the next
New York City is stepping up to the plate on Tuesday with the second biggest bond sale of the week, a $1.45 billion issue of general obligation bonds. Set to be priced by Jefferies on Monday for retail investors and on Tuesday for institutions, the tax-exempt GO deal is tentatively structured in four series with
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The Kremlin has admitted that Russia is in a “state of war” amid a push to increase domestic support for President Vladimir Putin’s invasion of Ukraine after previously calling it a “special military operation”.