Receive free Metro Bank updates We’ll send you a myFT Daily Digest email rounding up the latest Metro Bank news every morning. Metro Bank’s chair and chief executive have been summoned to urgent talks with the UK’s top financial regulators today, after the bank’s share price plunged 28 per cent following reports of a large
Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide. “Student housing is, I think where the opportunity is most specifically generating a lot of strong cash for us and our investors,” as universities seek more accommodations to satisfy growing
In this article CARR JNJ STZ LW FCNCA Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in
When ALDI announced it was acquiring 400 Winn-Dixie and Harveys Supermarket locations in the Southeast U.S. in mid-August, the move signaled the Batavia, Ill.-based discount retailer would not be following the crowd. Rather than closing supermarkets, as many chains have, ALDI intends to surge ahead with store openings, unveiling 120 new stores nationally to reach
Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images As high home prices and interest rates push up monthly mortgage payments, it’s harder for many consumers to even get a mortgage in the first place. Last year, lenders
An attorney for a Puerto Rico Electric Power Authority bondholders group raised concerns Wednesday about an Oversight Board mailing to bondholders asking them to support its plan of adjustment, which would result in them getting a better deal than non-supporting bondholders. PREPA Ad Hoc Group attorney Eric Brunstad Jr. said at Wednesday’s Puerto Rico omnibus
Bitcoin (BTC) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields. BTC/USD 1-hour chart. Source: TradingView Analysis: $27,000 now “key” for BTC price Data from Cointelegraph Markets Pro and TradingView showed a calm day for BTC price action while U.S. dollar volatility ruled.
Munis were slightly firmer in spots Wednesday with more of the focus on the primary, including a large taxable California general obligation bond sale in the competitive market, while U.S. Treasuries were better and equities ended the session up. The Investment Company Institute Wednesday reported investors pulled $2.407 billion from municipal bond mutual funds in
Rishi Sunak axed the northern leg of the HS2 high-speed rail line to Manchester, promised sweeping education reforms and announced a smoking crackdown as he told the Conservative party conference he would take “radical” decisions to change Britain. The prime minister argued that £36bn could be saved by scrapping HS2 north of Birmingham, and that
United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on CNBC’s “Last Call” Tuesday,
In this article NVS CALM Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Intel — Shares popped 2.5% after the chipmaker announced it would be operating its programmable chip
In Cuba’s capital, Havana, a Bitcoin community has emerged from an economically antagonistic environment.“Satoshi didn’t create Bitcoin for Cubans, but it really comes in handy for us,” Forte, co-founder of the aptly named local Bitcoin organization Cuba Bitcoin, tells Magazine. Cubans are turning to Bitcoin because their money is increasingly worthless. Zimbabwe, Venezuela and Lebanon
With mortgage rates higher than they had been in the recent past, plus high home prices and tightening available inventory, America’s real estate market has put prospective homebuyers in a difficult spot. Despite all this, housing markets across the country have remained very active. And, as a result, real estate agents and brokers have remained
Former U.S. President Donald Trump appears in the courtroom with his lawyers for his civil fraud trial at New York State Supreme Court on October 03, 2023 in New York City. Seth Wenig | Getty Images Former President Donald Trump on Wednesday returned to court for the third day of his $250 million business fraud
Munis were weaker Tuesday, but outperformed a U.S. Treasury selloff. Equities sold off as well. Triple-A yields rose anywhere from two to eight basis points while UST saw yields rise by as much as 13 basis points out long. The two-year muni-to-Treasury ratio Tuesday was at 72%, the three-year was at 72%, the five-year at
Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. This decline happened because of the disappointing performance of Ether (ETH) futures exchange-traded funds (ETFs) that were launched on Oct. 2 and concerns about an upcoming economic
The Securities and Exchange Commission has settled with New Orleans-based auditor Luther Speight and Company and its principal Luther Speight for violating the antifraud provisions of the Securities Act by failing to adhere to Generally Accepted Auditing Standards in connection with a Louisiana school board’s 2019 audit. Jacob Frenkel, chair of government investigations and securities
Receive free Kevin McCarthy updates We’ll send you a myFT Daily Digest email rounding up the latest Kevin McCarthy news every morning. Kevin McCarthy’s position as Speaker of the House of Representatives was in peril on Tuesday after 11 Republicans voted to proceed with an effort to oust him and Democrats said they would not
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he’s ready to hunt for a deal. Investors in Ackman’s unfruitful SPAC, known as
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