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The China commodities supercycle is over. Will there be another?
Standard Digital was €540 now €319 per year Save now on essential digital access to quality FT journalism on any device. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos…
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Amid payment disputes by tobacco giants, Ohio makes reserve draw
As cigarette sales decline and tobacco giants lose market share to vaping upstarts, some assumptions underlying tobacco securitization bonds have been upended.Bloomberg News Less than five years after Ohio restructured the credit to avoid a default, the Buckeye Tobacco Settlement Financing Authority needed a debt service reserve draw to pay holders of its tobacco settlement…
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Crypto ETFs have big innovation opportunity in 2025, but demand may be weak
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Omer Taha Cetin | Anadolu | Getty Images Crypto ETFs may be entering a year of innovation, with new funds and new approaches, but don’t expect demand to match what was seen in the first year of bitcoin ETFs. Bitcoin exchange-traded funds debuted a year…
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Why it’s so hard to find starter homes in the U.S.
First-time homebuyers may struggle to find adequate starter homes when the 2025 buying season begins this spring. The homes that once gave Americans a stepping stone into real estate are disappearing, according to experts. While the exact definition of a starter home varies, they’re typically under 1,400 square feet. In 2023, just 9% of the…
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Reeves shrugs off calls for resignation as she promises UK growth plan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves has shrugged off calls for her resignation, insisting to MPs that her economic plans can deliver an “immense” prize and defending her visit to China last week. In her first House…
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Heavy primary slate prices into weaker market; L.A. trading volatility continues
<img src=”https://public.flourish.studio/visualisation/21164578/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker for the third consecutive trading session amid a heavy new-issue calendar, while U.S. Treasury yields fell slightly and equities ended mixed. Several large new-issues priced into a weaker market, including San Francisco International Airport, Jacksonville Electric Authority water and sewer bonds, Miami-Dade County School Board, Dallas…
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Trump faced sufficient evidence for conviction in election case, special counsel report says
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump was facing “sufficient” evidence to have been convicted at trial for seeking to overturn the 2020 US presidential election, according to the special counsel who led the case against the president-elect.…
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Oklahoma City seeks arena financing proposals amid Southwest sports stampede
Oklahoma City is seeking financing proposals for a downtown arena to replace Paycom Center, where the National Basketball Association’s Thunder has played since 2008.Adobe Stock Oklahoma City will review proposals due this week on ways to finance a downtown arena to replace Paycom Center, the home of the National Basketball Association’s Thunder, at a cost…
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Quantum stocks like Rigetti plunge after Nvidia’s Huang says the computers are 15 to 30 years away
In this article NVDA RGTI Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang speaks with the press during the launch of the supercomputer Gefion at Vilhelm Lauritzen Terminal in Kastrup, Denmark, on Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen…
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EU shipyards are fixing Russia’s Arctic LNG tankers
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU shipyards are repairing Russian ice-class tankers and offering them dry dock facilities, enabling Moscow to continue moving gas through the Arctic despite western sanctions on its energy sector. Without the maintenance work —…
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Alfred Williams, municipal bond firm founder, dies at 89
When Alfred H. Williams got his start in the industry, the only way to know what was in the market was the “blue list.” “Most people had their blue list delivered to their office,” said Glenn Williams, Williams’s son. “Along with the morning paper, we had a blue list on our front porch.” Williams’s dedication…
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Dollar hits two-year high after robust US data puts brake on rate cut bets
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asian stocks fell across the board on Monday as investors updated their projections for “higher for longer” interest rates after strong US economic data last week. Equities in Australia, Hong Kong, mainland China, India and…
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FAA awards $332 million in grants
“We are using funds from the BIL to make historic investments in our nation’s airports to address a backlog of needs and accommodate growing air travel demand,” said U.S. Transportation Secretary Pete Buttigieg. ”These investments, some already completed and many more still underway, ensure the traveling public will have safer and more accessible and efficient airports for…
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Top Wall Street analysts like the growth opportunities for these three stocks
In this article NVDA DDOG UBER Follow your favorite stocksCREATE FREE ACCOUNT An Uber rideshare sign is posted nearby as taxis wait to pick up passengers at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images The new year has only just started, but macro uncertainty…
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Daniel Wiles looks back on a wide-ranging career in municipal finance
Daniel Wiles retired from Los Angeles County in December, but continues to serve on the Municipal Securities Rulemaking Board.MSRB Daniel Wiles has lived in southern California for more than two decades, but it hasn’t altered the ingrained humility of the Minnesota native. Wiles, who retired — mostly — from a long municipal finance career at…
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UK pledges huge increase in computing capacity to build AI industry
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The UK will invest in a huge expansion of government-owned AI computing capacity over five years including building a new supercomputer as it seeks to establish a globally competitive artificial intelligence sector, ministers will announce…
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Moody’s upgrades Denver Public Schools ahead of bond sale
East High School in Denver. Moody’s Ratings upgraded Denver Public Schools’ general obligation ratings ahead of an $806 million bond sale later this month.Adobe Stock Denver Public Schools will sell more than $800 million of bonds later this month, buoyed by a ratings boost from Moody’s Ratings, which cited the district’s strong management for the…
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Activist Browning West wants to collaborate as CAE selects a new leader. Here’s what can happen next
A flight engineer performs a test flight in a CAE Inc. 7000 Series Boeing Co. 737-800 flight simulator at a CAE facility in Montreal, Quebec, Canada, on Tuesday, Aug. 13, 2019. Christinne Muschi | Bloomberg | Getty Images Company: CAE Inc (CAE) Business: CAE provides simulation training and critical operations support solutions in Canada, the…
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The coming battle between social media and the state
“Quis custodiet ipsos custodes?” is the important question posed by the Roman poet Juvenal, translated by the English author Alan Moore as “Who watches the watchmen?”. But it is perhaps a question with a complacent implicit assumption. It presupposes that it is possible to watch the watchmen — and all that one needs to do…
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A splashy debut for First Eagle’s high-yield muni fund
John Miller joined the boutique firm First Eagle Investments in late 2023 where launched a high-yield fund that climbed to $5 billion the first year with returns of almost 12%.First Eagle First Eagle Investment’s new high-yield municipal bond fund ballooned from scratch to more than $5 billion in its first year — and generated market-beating…
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