Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research Center. Slightly more than half of all those surveyed, 52%, believe
Municipals were little changed Tuesday as most investors were awaiting new-issue supply, U.S. Treasuries offered little direction in a mixed session and equities were down near the close. Wednesday will see the release of January’s Federal Open Market Committee Meeting minutes, which “should show any division amongst the committee members as to the continued direction
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England sees “encouraging signs” in important areas of inflation, its governor has said, adding that the bank did not need price growth to hit its 2 per cent target before reducing interest
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Caitlin Devitt (00:04): Hello and welcome to another Bond Buyer podcast. I’m Caitlin Devitt, senior Infrastructure
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The eurozone’s collective wage growth has slowed for the first time in 18 months, but economists said the decline was unlikely to be enough to ease rate-setters’ concerns over high inflation. Data released by the
Kali9 | E+ | Getty Images Black women are outpacing Black men when it comes homebuying. Single female homebuyers are most common among Black women, representing 27% of Black homebuyers, according to the 2023 Snapshot of Race and Home Buying in America report by the National Association of Realtors. To compare, single women represent 24% of
The trial in Dominion v. Fox News, which has already resulted in bombshell revelations about the right-wing media giant and the 2020 election, is scheduled to begin Tuesday. Unless a settlement is reached, a jury will determine whether Fox is financially liable for broadcasting and promoting false claims about Dominion Voting Systems voting machines rigging
On Friday, New York County Supreme Court Justice Engoron ordered Donald Trump to pay a staggering $355 million for repeatedly inflating asset values in statements of financial condition submitted to lenders and insurers. When the interest that Engoron also approved is considered, the total penalty rises to $450 million. All told, Trump and his co-defendants,
On Thursday, the Biden administration announced a new plan to enact large-scale student loan forgiveness, this time by targeting borrowers experiencing financial “hardship.” Under the proposal, borrowers would be eligible for forgiveness if they meet certain criteria demonstrating financial hardship, such as their “total student loan balance and required payments relative to household income” and
Everything has a price — Reddit sells training data to unnamed AI company ahead of IPO If you’ve posted on Reddit, you’re likely feeding the future of AI. Benj Edwards – Feb 19, 2024 9:10 pm UTC EnlargeReddit reader comments 118 On Friday, Bloomberg reported that Reddit has signed a contract allowing an unnamed AI
Loading… Loading… Robinhood Markets Inc HOOD , will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects a negative 1 cent in EPS and $453.46 million in revenues as the company reports after market hours. The company is known for being a financial technology company that provides commission-free trading of stocks, exchange-traded funds, options,
A face for the ages — New compact facial-recognition system passes test on Michelangelos David Flatter, simpler prototype system uses 5-10 times less power than smartphone tech. Jennifer Ouellette – Feb 19, 2024 10:53 pm UTC Enlarge / A new lens-free and compact system for facial recognition scans a bust of Michelangelos David and reconstructs
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time. The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt
Last year alone, David Mitchell paid $16,525 for 12 little bottles of Pomalyst, one of the pricey medications that treat his multiple myeloma, a blood cancer he was diagnosed with in 2010. This story also ran on ABC News. It can be republished for free. The drugs have kept his cancer at bay. But their
Rinse-wash-repeat. — Elon Musks X allows China-based propaganda banned on other platforms X accused of overlooking propaganda flagged by Meta and criminal prosecutors. Ashley Belanger – Feb 16, 2024 9:32 pm UTC EnlargeNurPhoto / Contributor | NurPhoto reader comments 293 Lax content moderation on X (aka Twitter) has disrupted coordinated efforts between social media companies
First step — SpaceX wants to take over a Florida launch pad from rival ULA SpaceX now plans at least four Starship launch pads, two in Texas and two in Florida. Stephen Clark – Feb 18, 2024 1:27 am UTC Enlarge / SpaceX’s fully-stacked Starship rocket and Super Heavy booster on a launch pad in
Sign up for The Decision, a newsletter featuring our 2024 election coverage. President Joe Bidens economic agenda is achieving one of his principal goals: channeling more private investment into small communities that have been losing ground for years. Thats the conclusion of a new study released today, which found that economically strained counties are receiving
to the (aero)max — That time the Morgan Motor Company designed a modern coupe, the Aeromax Morgan is still best known for making throwback roadsters and for still using wood. Alex Goy – Feb 19, 2024 11:00 am UTC Enlarge / No, it’s not the Batmobileit’s the Morgan Aeromax.Morgan reader comments 6 The Morgan Motor
Loading… Loading… Nvidia Inc NVDA and Meta Platforms Inc META , top artificial intelligence (AI) plays and elite members of the Magnificent 7 club, are topping the S&P 500 leaderboard so far this year. These two stocks were among the best performers of 2023 indeed, Nvidia was the years winner by a country mile with
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. Washington has warned Beijing that the US and its allies will take action if China tries to ease its industrial overcapacity problem by dumping goods on international markets, according to American officials. Two senior Treasury