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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett has warned Berkshire Hathaway shareholders that his sprawling $905bn conglomerate has virtually “no possibility of eye-popping performance” in the years ahead, laying bare the challenges that will confront his successors. The so-called Oracle
Not-for-profit healthcare finances should improve this year, rating agencies said, and many healthcare issuers plan to test the bond market. The sector reached a “turning point” in calendar year 2023, Fitch Ratings said in a report released Wednesday. The latest perspective offers a shift from challenges and expectations analysts predicted as recently as January. Analysts
Maskot | Digitalvision | Getty Images Several factors may affect your path towards homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University of Pennsylvania. Homeowner parents are
Goldman Sachs chief executive David Solomon is facing a new wave of unrest inside the Wall Street bank, threatening a fragile peace among its partners. Solomon’s decision to accept a 24 per cent pay rise last week despite presiding over the bank’s worst annual earnings for four years has proved controversial, as has the staffing
Prime Minister Benjamin Netanyahu has finally unveiled Israel’s plans for Gaza after hostilities end in the enclave, submitting to his war cabinet a formal proposal that directly contradicts the objectives of the US. The one-page document, released overnight by his office, makes no mention of any role for the Palestinian Authority, the West Bank-based rival
Municipals were little changed Thursday as muni mutual funds reported another round of outflows and the final deals of the week priced in the primary. U.S. Treasuries were weaker inside 10 years and equities rallied. Municipal bond mutual funds saw the third week of outflows, with LSEG Lipper reporting $11.4 million of outflows for the
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia revenues soared 265 per cent in the latest quarter to $22.1bn as the world’s most valuable chip company benefited from a spending frenzy on artificial intelligence. The revenue performance beat analysts’ already heightened expectations
S&P Global Ratings has revised the outlook on Chicago’s general obligation bonds to stable from positive, the rating agency announced Thursday. S&P affirmed its BBB-plus rating on the bonds. The downward revision reflects budgetary pressures that have not been counterbalanced by new revenue growth, S&P said. Specifically, S&P cited rising public safety labor costs, recent
Municipals were slightly firmer in spots Wednesday, as U.S. Treasury yields rose and equities saw more losses after January’s Federal Open Market Committee meeting minutes showed the Fed was not in a hurry to cut rates. Triple-A yield curves were firmer by a basis point or two while a larger new-issue calendar was the focus
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opposition leader Sir Keir Starmer was set to dodge a large-scale rebellion of Labour MPs on Gaza on Wednesday after a controversial decision by the House of Commons Speaker sparked outcry in Westminster. The move
The Federal Railroad Administration has proposed 15 daily long-distance Amtrak routes as part of the Biden administration’s effort to create a national passenger rail system. The FRA is seeking feedback on the preferred routes by March 8, and plans to make final recommendations to Congress in the spring. The map of 15 routes, released Friday