President Joe Biden will visit Wisconsin Thursday to announce nearly $5 billion in grants to kickstart transportation projects across the country. The largest grant, of $1 billion, will go to replace the aging Blatnik bridge between Wisconsin and Minnesota, where Biden will make the announcement. President Joe Biden is set to visit Wisconsin Thursday to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak’s allies have claimed that supporters of ex-home secretary Suella Braverman are running an “embarrassing” campaign to bring down the prime minister, at the end of another week of Tory infighting. The claim has
The Oklahoma Senate will not take up an income tax cut during a special legislative session next week as it waits for more information about the state’s financial position. The Republican-controlled chamber will commence and immediately adjourn the session that starts Monday just like it did for an October special session on tax cuts Gov.
A “For Sale” sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according
The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks. The blue-chip index ended 0.1 per cent higher with early gains moderating during afternoon trading. Half a dozen of the index’s biggest companies by market capitalisation closed at record highs. Tech names
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Donald Trump won the US presidential election in 2016 America’s allies around the world reacted with consternation and shock. They will have no such excuse if he wins again in November. His victory in
Arizona should be able to tackle a growing shortfall given the state’s improved reserves, low debt burden, and budget flexibility, Moody’s Investors Service said this week. The state’s general fund faces projected shortfalls of $835 million in fiscal 2024 and nearly $879 million in fiscal 2025, according to the Joint Legislative Budget Committee’s latest projections,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump will win the New Hampshire Republican primary, the Associated Press projected on Tuesday night, cementing his frontrunner status and raising questions about whether Nikki Haley would end her bid for the White House.
Louisiana’s largest and most complex public-private partnership that will replace an aging bridge over Interstate 10 appears back on track after the state’s new administration hammered out a revised agreement with the concessionaire to assuage political opposition. The modified agreement lowers tolls and includes a 15% equity contribution for local infrastructure, new Gov. Jeff Landry
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Maskot | Digitalvision | Getty Images With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them. Last year, consumers moving interstate tended to pick
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin has lost 16 per cent of its value over the past two weeks, as some investors use the much-hyped launch of bitcoin exchange traded funds earlier this month to take profits and exit their
United Airlines said it had its “busiest travel period in history” in late December, a highlight in forecast-beating fourth-quarter results that helped send shares higher in after-hours trading. However, the Chicago-based airline warned that the recent grounding of its fleet of Boeing 737 MAX 9 jets would result in a deeper adjusted loss in its
A week ago in Iowa, Ron DeSantis scathingly described how Donald Trump was forcing Republican politicians to “kiss the ring” of the former president in order to earn his praise and avoid public humiliation. But on Sunday afternoon the Florida governor wasted no time in bowing down to Trump, endorsing him as he exited the
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. The world’s most successful hedge funds made their biggest profits on record last year as punchy bets on stock markets paid off when share prices surged. The top 20 managers made profits for investors of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US corporate bond markets are “on fire” as companies have sold a record $150bn of debt since the start of this month, the busiest opening to the year for more than three decades. Investment-grade groups
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran accused Israel of killing four members of its elite Revolutionary Guards and a number of Syrians forces in an air strike that targeted a building in Damascus. Tasnim, an Iranian news agency affiliated to
This time last year Murray Auchincloss appeared to have little ambition to ever be chief executive of Britain’s most storied oil company. The Canadian former tax analyst had carved out a highly successful, quiet career inside BP, but as finance chief he was destined to be the numbers guy keeping his more flamboyant boss in
A Congress that just narrowly avoided a government shutdown is getting a fresh wish list from a wide cross section of organizations of issuers, including calls for preserving the tax exemption on municipal bonds. The letter originates from the Public Finance Network, which encompasses twenty-four issuer organizations including the Government Finance Officers Association, the National
The Illinois Supreme Court Friday upheld pension consolidation legislation championed by Gov. JB Pritzker that was challenged in court by more than a dozen suburban and downstate police and firefighter pension funds. The case, Arlington Heights Police Pension Fund et al. v. JB Pritzker et al., had pitted the governor and General Assembly against a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mexico and Chile have asked the International Criminal Court to investigate possible crimes committed during Hamas’s attack on Israel and the Jewish state’s subsequent invasion of Gaza. The move is the latest sign of mounting
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