The Biden administration Wednesday announced $623 million for cities and states to help build a national electric vehicle charging station network, a prominent piece of the president’s infrastructure agenda that so far has been off to a slow start. The grants mark the first round of funding from the Infrastructure Investment and Jobs Act’s $2.5
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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. An oil tanker linked to a dispute between Iran and the US has been seized off the coast of Oman, in a raid UK maritime authorities said was carried out by individuals in black military-style
A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie
Marina Wiant has been appointed by State Treasurer Fiona Ma to replace Nancee Robles as executive director of the California Debt Limit Allocation Committee and the California Tax Credit Allocation Committee. Wiant, who started in those posts Wednesday, fills the positions that had been vacant since Robles announced in July that she would be retiring
Botlhokwa Ranta had never flown before, and she was frightened of both the flight and what awaited her when she landed. By the time the wheels of the aeroplane touched the tarmac in Nairobi, she was drunk. She was 26, and it was her first time outside South Africa. Ranta’s faux-leather handbag was filled with small
The complex relationship between municipal bond issuance and natural disasters is inspiring political debate and conflicting viewpoints with some experts predicting a tidal surge of issuance. “With or without Congressional intervention, state and local governments are likely to expand medium and long-term borrowing programs to address climate change mitigation and adaptation,” said Tom Doe, president,
Astrobotic Technology on Tuesday confirmed there was “no chance” its lunar lander would be able to land successfully on the Moon, marking the end of a mission that was to have brought the US back to the lunar surface for the first time in 50 years. The Pittsburgh-based space company, which had hoped to be the
A “For Sale” outside a house in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved a little bit higher last week, for the second
Jeff Landry was sworn in as the state’s 57th governor on Monday, while John Fleming was sworn in as state treasurer and Elizabeth Baker Murrill took over as state attorney general. In an October election, Landry, a conservative Republican, replaced Democrat John Bel Edwards, who was term-limited out of office. He had been the state attorney
A for sale sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared with the same mont a year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had approved the first ever US spot bitcoin exchange traded funds.
The municipal bond market is taking a wait and see approach about the departure of Mitch Landrieu, who has been operating under the unofficial title of “infrastructure czar,” as he prepares for a new role on President Biden’s campaign staff. According to the Biden administration Landrieu oversaw, “over 40,000 infrastructure projects spread across 4,500 communities
Tech stocks surged on Monday, bouncing back after blue-chips slumped last week to end a nine-week bull run. The tech-heavy Nasdaq Composite rose 2 per cent on Monday afternoon, heading towards its best day since mid-November as chipmaker Nvidia led the Magnificent Seven group of tech stocks with a 5.5 per cent gain. The benchmark
Massachusetts plans to come to market on Thursday with $1.4 billion of general obligation bonds that will kick off the first full trading week of the year. The deal is one of the largest offerings of the week, which will see $9.1 billion of supply flood into the market after the weeks-long holiday drought. Jefferson
Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
The state of Illinois is preparing to issue $600 million in new Build Illinois junior sales tax revenue bonds — 2024 Series A, B and C — in a competitive auction next week. “Illinois enters the market as cash needs for projects arise,” said Olivia Kuncio, senior deputy press secretary to Gov. JB Pritzker. Rebuild
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I can’t pinpoint the precise time it happened but my transformation from a great parent to an embarrassing one was reinforced the other day when I casually dropped “rizz” into a conversation at home. It
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Tax experts have taken to social media in an effort to reassure panicking UK gig economy workers and online sellers over new reporting rules affecting the digital platforms they use. Under regulations that came into
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden launched a frontal attack on Donald Trump for his efforts to overturn the 2020 election, as the president cast this year’s likely rematch for the White House as a battle to save US
Omar Marques | Lightrocket | Getty Images Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected. 13 companies have filed for a spot bitcoin ETF: Grayscale Bitcoin Trust Ark/21 Shares Bitcoin Trust Bitwise
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