A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year ago, according to
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Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US stocks and bonds rallied after data published on Wednesday showed underlying price pressures easing more than expected, prompting investors to bet on swifter interest rate cuts this year. The figures from the Bureau of
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Omer Taha Cetin | Anadolu | Getty Images Crypto ETFs may be entering a year of innovation, with new funds and new approaches, but don’t expect demand to match what was seen in the first year of bitcoin ETFs. Bitcoin exchange-traded funds debuted a year
Houses along a hillside outside Marbella on the sunny coast, Costa del Sol, in Spain. Marcus Lindstrom | Istock | Getty Images Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country. Spanish Prime Minister Pedro Sanchez on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Officials in Beijing are discussing using Elon Musk as a broker in a potential sale of TikTok’s US operations, days before the Chinese-owned social media app faces a ban from Washington, according to two people
Oklahoma City is seeking financing proposals for a downtown arena to replace Paycom Center, where the National Basketball Association’s Thunder has played since 2008.Adobe Stock Oklahoma City will review proposals due this week on ways to finance a downtown arena to replace Paycom Center, the home of the National Basketball Association’s Thunder, at a cost
Florida mining company Mineral Development, LLC failed to pay $10 million in principal and interest on January 1. Adobe Stock Florida mining company Mineral Development, LLC defaulted on $85 million of outstanding industrial development bonds at the start of the year, the first municipal default of the new year, according to Municipal Market Analytics’ Default
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “I think the president-elect is having a bit of fun”. That was how the Canadian ambassador to Washington reacted to Donald Trump’s first suggestion that her country should become the 51st American state.
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The California wildfires could be the costliest disaster in US history, the state’s governor said, as forecasts of heavy winds raised fears that the catastrophic fires would spread further. In remarks to NBC’s
In this aerial view taken from a helicopter, the Kenneth fire (below) approaches homes while the back side of the Palisade fire (above) continues to burn Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation
The Wyoming House of Representatives has become the latest GOP state to introduce a bill banning firms that are deemed to have used environmental, social or governance factors in their investment decisions.State of Wyoming Wyoming has become the latest state to float legislation that restricts state funds from being invested with firms that consider environmental,
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The world breached 1.5C of warming last year for the first time, top international agencies said, as an “extraordinary” spike in the global average temperature sparked fears that climate change is accelerating faster than expected.
“I do have a very high bar when it comes to revenues, and we are not going to grow an economy on the backs of working Marylanders,” said Democratic Gov. Wes Moore during a press conference on Wednesday. ”I inherited a structural deficit when I became the governor, because the state was both spending at a
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Elon Musk heaped praise on the “very reasonable” co-leader of the far-right Alternative for Germany as she joined the technology billionaire for a discussion about Adolf Hitler, Donald Trump and the existence of aliens. In
The Gandy Bridge across Old Tampa Bay. Florida sold bonds Wednesday to finance the building and repair of bridges and acquire right-of-way for roads.Bloomberg News Florida sold $131.9 million of bonds Wednesday with double-barreled backing from the state’s fuel taxes and full faith and credit pledge. The Florida Department of Transportation sold right-of-way acquisition and
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election, according to people briefed on the matter. Musk, the world’s
Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February 2024. On Tuesday, he announced his office will end reviews of Bank of America, Morgan Stanley, and JP Morgan after they withdrew from the Net-Zero Banking Alliance.Bloomberg News Texas Attorney General Ken Paxton lauded recent moves by Bank of America, Morgan Stanley,
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European democracies are confronting a new online influence and disinformation threat — not from autocracies such as Russia, but emanating from the US. Elon Musk, the X owner and Donald Trump ally, is using his
California Gov. Gavin Newsom previews the next state budget Monday at an appearance in the San Joaquin Valley.California Governor’s Office California Gov. Gavin Newsom previewed a balanced state budget Monday during an appearance ahead of his administration’s formal reveal of the plan later this week. The proposed budget is “fully balanced with no deficit and
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