Municipals improved Friday to close out a week of more gains despite some U.S. Treasury volatility, positioning the asset class to see historically high returns for the month. Equities ended up near the end of the trading session. Triple-A yields fell up to four basis points, depending on the curve, outperforming a mixed UST market,
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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. OpenAI co-founder Sam Altman has left the company abruptly after losing the confidence of the board, according to a statement on Friday from the Microsoft-backed artificial intelligence pioneer. “Mr Altman’s departure follows a deliberative review
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The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics from CryptoFees. At the time of writing, YCharts data
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The Biden administration’s Build America Bureau expects to close on $19.5 billion worth of transportation infrastructure projects in the next 18 months, executive director Morteza Farajian said Tuesday at the American Association of State Highway and Transportation Officials annual meeting in Indianapolis. “There’s a huge increase in the number of projects that we have in
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In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal
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Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of
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Municipals were firmer Thursday as a billion-plus dollar deal from the New Jersey Transportation Trust Fund Authority priced in the primary market and outflows continued. U.S. Treasury yields fell and equities ended down. Triple-A yields fell one to five basis points, depending on the scale, while UST were better by six to 10. The two-year
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A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said.  In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly
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The Senate has passed a continuing resolution measure 87-11 that will keep the lights on until Jan. 19 and Feb. 2, avoiding a government shutdown this year, but increasing the stakes significantly for further funding discussions after the holiday season. The measure will give Congress room to breathe as it deals with pressing concerns of
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The historic lodges of America’s national parks owe much of their character to the use of native wood and stone in an architectural style nicknamed “parkitecture.” Structures built in the early days of parks such as Yosemite and Yellowstone were defined by a rustic, hand-crafted look intended to fit into the country’s dramatic landscapes. The
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High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index
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Municipals were mostly steady Wednesday as investors worked through more new-issue paper in the primary while U.S. Treasuries lost ground after Tuesday’s rally. Equities were mixed near the close. The dust settled Wednesday following Tuesday’s rally, as municipals were flat, according to a New York trader.  “Everyone is reevaluating and taking a breather after the
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Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. US President Joe Biden and his Chinese counterpart Xi Jinping have reached an agreement to resume communications between their countries’ militaries at a summit in San Francisco designed to stabilise relations after several years of
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Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart. Seyffart said in a Nov. 15 X (Twitter) post following the SEC delaying Grayscale’s ETH futures ETF bid
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