Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Remember when China’s DeepSeek sent tremors through the US artificial intelligence industry and stunned Wall Street? That was last month. To listen to AI executives and investors now, you might think the world has moved
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Both supply and demand would spike if Congress eliminated future tax-exempt bonds, said Wesly Pate, senior portfolio manager at Income Research + Management.Income Research + Management. Municipal bond buyers appear cool in the face of a potential threat to the tax exemption from Congress, but warn that if it does happen, trading would plummet as
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Ohio Gov. Mike DeWine speaks at a public event in 2023. The governor’s stadium financing plan marks a departure from the norm in several ways.Bloomberg News Ohio Gov. Mike DeWine wants to raise the sports gaming tax to 40% from 20% to pay for stadium construction in the state. And DeWine does not want the
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Vladimir Putin’s initial plan to capture Ukraine in a few days ended in disaster. But after Donald Trump set up direct peace talks with Moscow, bypassing Kyiv and European allies, the Russian president is now closer than ever to getting what he wanted from his three-year-long invasion. Putin’s main ambition, said people who have spoken
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“We think Treasury, in this situation would likely want to continue to fully pay interest and principal on the debt, not want to default at all.” said Louise Sheiner, a Robert S. Kerr senior fellow of Economic Studies and policy director of the Hutchins Center on Fiscal and Monetary Policy “But there’s a lot of uncertainty
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Florida Gov. Ron DeSantis’ proposed fiscal 2025-2026 budget provides no pay increases for most of the state’s workers.Bloomberg News Analysts generally see Florida Gov. Ron DeSantis’ recently proposed fiscal 2025-2026 budget as fiscally responsible, with steps to pay down the debt, reduce overall spending, and strengthen requirements for issuing new debt. The proposed budget comes
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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. There is a new Bond villain in British politics. The attorney-general, Lord Hermer, finds himself under attack for being a stickler for the law. Colleagues and opponents talk unflatteringly of “Hermerism”. Outsiders might find the
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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. Hamas has said it remains committed to a ceasefire deal with Israel in Gaza and will continue freeing Israeli hostages from the enclave as set out in the agreement. The announcement appeared to reverse a
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European capitals have responded with shock and alarm at both the EU and Kyiv being cut out of the talks to end the war in Ukraine. US President Donald Trump’s unexpected decision to begin immediate bilateral peace talks with Russia’s Vladimir Putin has stoked the continent’s deepest fears over the terms of any deal —
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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. Prospective undergraduate students are turning to engineering courses in increasing numbers while shunning teaching and nursing degrees, according to the UK’s university admissions service. Data published by Ucas on Thursday showed almost 217,000 applications were
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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. Rachel Reeves has repeatedly described her commitment to meeting her fiscal rules as “non-negotiable”, but the UK chancellor faces an increasingly onerous task fulfilling that pledge.  Preliminary forecasts from the Office for Budget Responsibility suggest
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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. Forget about the Magnificent Seven. The septet of large US technology groups has developed a reputation for being the only game in town for investors. But some much less fashionable stocks have been doing even
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European officials fear they will have to bear the cost of postwar security and reconstruction as they reel from being cut out of US-Russia peace negotiations on Ukraine. Donald Trump said on Wednesday, after talking to Russian President Vladimir Putin, that their delegations would “start negotiations immediately” to end the war, blindsiding European capitals who
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President Donald Trump said Washington and Moscow will begin negotiations “immediately” on ending the war in Ukraine after speaking with his Russian counterpart Vladimir Putin. Wednesday’s call indicated a dramatic turnaround in the US-Russia relationship amid signs Washington would dial back its support for Ukraine after almost three years of war. Trump wrote on his
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<img src=”https://public.flourish.studio/visualisation/21601827/thumbnail” width=”100%” alt=”chart visualization” /> Municipals sold off Wednesday, moving higher in sympathy with U.S. Treasuries after hotter-than-expected inflation data showed the Fed may not be able to cut rates this year. Equities ended mixed. Muni yields were cut six to 12 basis points Wednesday, depending on the curve, while UST yields rose eight
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