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Anton Petrus | Moment | Getty Images Drone stocks rallied Monday as retail interest ramped up in the sector following a Palantir partnership with Red Cat Holdings and amid a flurry of mysterious New Jersey sightings that Wall Street believes could boost funding for the industry. Red Cat shares rallied more than 25% on news
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has evacuated at least 400 soldiers from the Damascus region in recent days in co-ordination with the main rebel faction that toppled Bashar al-Assad’s regime, an official from the group said. The soldiers had
Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia. The Financial Times has uncovered records showing that Assad’s regime, while desperately short of foreign currency, flew banknotes
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
With costs escalating for a 15-year expansion program, the Oklahoma Turnpike Authority board approved a toll hike ahead of a $1 billion bond sale slated for early 2025. Oklahoma Turnpike Authority Ahead of a $1 billion bond sale early next year for an expansion program with rising costs, the Oklahoma Turnpike Authority hiked toll rates
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine’s military leadership has fired the commander who oversaw its operations in the eastern Donetsk region, where Kyiv’s defences are buckling as Russia pushes towards a key logistics hub. A Ukrainian official confirmed to
A view of the St. Augustine’s University campus with downtown Raleigh, North Carolina in the background.St. Augustine’s University A controversial, high interest-rate loan is helping one of the oldest historically Black colleges in the country, Saint Augustine’s University, stay afloat – for now. After struggling for years to maintain steady enrollment, the Raleigh, North Carolina-based
Standing under a “Bitcoin 2024” logo at a US crypto conference this summer, Donald Trump likened the audience of “bitcoiners” to the inventors and industrialists who pioneered high-tech industries at the turn of the 20th century. “You are the modern day Edisons and Wright Brothers and Carnegies and Henry Fords,” he said. “My job will
Orlando Health senior vice president of finance John Miller said offering the bonds in one state rather than two states will save his company bond counsel and other fees. The Orange County, Florida, Health Facilities Authority will offer $1.4 billion of hospital revenue bonds for Orlando Health the week of January 13. OCHFA will sell
Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest
Microsoft said it expected to take an $800mn impairment charge stemming from General Motors’ decision to restructure its driverless car unit, Cruise. The Redmond, Washington-based tech group in 2021 joined GM, Honda and institutional investors in a combined new equity investment of more than $2bn to help the Detroit-based carmaker accelerate the commercialisation of autonomous
Enjoy complimentary access to top ideas and insights — selected by our editors. November’s roundup of pressing items in the public finance market includes expert predictions following Donald Trump’s reelection, the prospect of involving the Securities and Exchange Commission to oversee issuer disclosure and more. Click here to read October’s grouping of top news. Eifel
Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024. Adam Jeffery | CNBC If President-elect Donald Trump is going to push inflation back down to a more tolerable level, he will need help from housing costs, an area where federal policymakers have only a limited amount of influence. The November consumer price
Tal Alexander (L) and Oren Alexander (R). Getty Images Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The brothers were arrested in Miami Wednesday on sex trafficking charges related to the alleged assaults. They face charges of
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation rose to 2.7 per cent in November, as the Federal Reserve considers how quickly to press ahead with lowering interest rates. The figure was in line with the expectations of economists polled by
“What we’re looking at for 2025 is a few warning lights on the dashboard that there could be some stress on state budgets in the next year,” said Tim Storey, CEO at the National Council of State Legislatures. ”I’ve seen five to seven states that are saying, ‘we’re starting to project slower revenue growth, perhaps even
In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies. “I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail
Vivek Ramaswamy, chairman and co-founder of Strive Asset Management, far left, and Tesla CEO Elon Musk met with Republican lawmakers on Dec. 5, 2024 about efforts to cut $2 trillion from the federal budget.Al Drago/Bloomberg California’s publicly funded high-speed rail project, a favorite target of Congressional Republicans, faces a fresh threat when President-elect Donald Trump
Days before last year’s presidential election in Argentina, supermarket worker Emir Gullo was excited about the idea of a madman as president. “He’s crazy,” Gullo said admiringly at a rally for libertarian economist and then-candidate Javier Milei on the outskirts of Buenos Aires in late 2023, noting his eccentric image, unconventional ideas and lack of