S&P Global Ratings on Wednesday upgraded Louisiana’s general obligation bonds to AA from AA-minus. S&P also raised the long-term rating on the state’s appropriation-backed debt to AA-minus from A-plus. “The upgrades reflect our view of Louisiana’s demonstrated commitment to improving and maintaining reserves above levels that we consider very strong and the state’s ongoing effort
Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Federal Reserve officials indicated on Wednesday that they still expected to cut interest rates by 75 basis points this year, a sign of confidence that inflation is cooling sufficiently to reduce borrowing costs. The
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control. The consumer prices
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
Mar 20 2024 Northwestern University The U.S. maternal mortality rate is accelerating at an alarming rate, reports a new study from Northwestern Medicine. But it's not due to the widely believed hypothesis that maternal mortality in the U.S. has increased largely because people are getting pregnant at older ages. In fact, the study found maternal
Loading… Loading… The Brazilian fintech Stark Bank, backed by Jeff Bezos, has seen a significant rise in profits while effectively managing its funding. What Happened: Stark Bank, a Sao Paulo-based company, has witnessed a three-fold increase in its payment processing business, reaching 155 billion reais ($31 billion) in 2023. This expansion has resulted in a
Magpie bridge — Rocket launch marks big step in building Chinas lunar infrastructure Queqiao-2 will relay data between Earth and Chinese spacecraft on the far side of the Moon. Stephen Clark – Mar 19, 2024 11:31 pm UTC Enlarge / A Long March 8 rocket, standing 165 feet (50 meters) tall, rolled out of its
The pressing need to combat a new breed of cybercriminals using artificial intelligence to trick their way into government and corporate records is likely to be the driving force behind AI deployment in the coming months. This was underlined on Wednesday after Microsoft Corporation MSFT said in a report that it had detected hacking groups
Smells fishy — Users ditch Glassdoor, stunned by site adding real names without consent Anonymous review site Glassdoor now consults public sources to identify users. Ashley Belanger – Mar 19, 2024 9:53 pm UTC EnlargeDigiPub | Moment reader comments 202 Glassdoor, where employees go to leave anonymous reviews of employers, has recently begun adding real
Three months after Florida’s private intercity passenger train system, Brightline, disclosed a 21% decline in projected ridership for 2024, it’s cutting its forecast again. The Fortress Investment Group-backed Brightline now anticipates carrying a combined 4.9 million passengers this year on its new long-distance service between Miami and the Orlando airport and the five-year-old South Florida
The municipal primary market was active Tuesday while triple-A scales were little moved despite U.S. Treasury gains ahead of the Federal Open Market Committee meeting conclusion Wednesday. Various large new-issues were well-received and cleared the market Tuesday, with several repricing to lower yields. Despite several larger deals entering the primary, the large amounts of cash
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home prices increased at the same rate as inflation since 1963, the median price of a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has hinted that the UK government may hold the next general election in October, which would give the ruling Conservative party less than seven months to turn around its dire position in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves, the shadow chancellor, will on Tuesday set out new rules pledging that a Labour government would aim to borrow only to invest as part of an agenda to inject greater “stability” into policymaking.
Mike Lynch, the wealthy tech founder once hailed as Britain’s answer to Steve Jobs, will testify at his US trial to defend himself against charges he defrauded Hewlett-Packard in the $11 billion sale of his software company Autonomy, his attorney said in court on Monday. Federal prosecutors in San Francisco have accused Autonomy co-founder Lynch and
Artificial-intelligence semiconductor powerhouse Nvidia on Monday unveiled a flagship AI chip, the Blackwell B200, saying it is up to 30 times speedier than its previous chip. Chief Executive Jensen Huang, kicking off the company’s annual developer conference, also launched a new set of software tools designed to help developers sell their artificial-intelligence models more easily to any
Billionaire X owner Elon Musk said Google “interferes to help Democrats thousands of times every election season” after The Post detailed a watchdog group’s claims that the search giant allegedly boosts Dems while censoring Republicans. As The Post reported, a right-leaning watchdog called the Media Research Center (MRC) published a analysis detailing what it described
All the shiny things — Daily Telescope: A colorful star trail through the largest window in space Expect more of this later in 2024 as a veteran astronaut heads back into orbit. Eric Berger – Mar 19, 2024 12:00 pm UTC Enlarge / Cities on Earth shine alongside distant stars.Don Pettit/reddit reader comments 0 Welcome
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