Donald Trump Jr., executive vice president of development and acquisitions for Trump Organization Inc., speaks at the Turning Point Action conference in West Palm Beach, Florida, US, on Sunday, July 16, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images Donald Trump Jr., the eldest son and co-defendant of former President Donald Trump, is expected
Municipal bond delinquencies declined in the third quarter, despite some dramatic outliers including Mercy Hospital’s bankruptcy filing in Iowa, and some unrated affordable housing and senior living bonds, Moody’s Investors Service said. There were only three new municipal bond defaults in the third quarter, compared to nine in the second quarter, Moody’s analysts wrote. Two
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said on Tuesday that its troops had moved deeper into the Gaza Strip as it stepped up its assault on Hamas, hours after Prime Minister Benjamin Netanyahu rejected calls for a ceasefire and said
Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in
Fitch Ratings lifted its outlook on Denver International Airport’s ratings to positive from stable ahead of the sale of as much as $815 million of subordinate lien revenue bonds as soon as next week. The rating agency, which affirmed ratings of A-plus for the subordinate bonds and AA-minus for senior bonds, cited “ongoing positive trends
A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited for roughly $560,000 in various memecoins from users. On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ongoing hack on Unibot that went undetected. An exploit on
From his childhood living in a ghetto on the east bank of the Yamuna river in Dehli to launching the $6-billion Polygon blockchain, Sandeep Nailwal has an incredible rags-to-riches tale. Now happily ensconced in the futuristic, air-conditioned cityscape of Dubai, he tells Magazine he was born in a farming village in 1987 with no electricity
Amid one of Europe’s most significant housing market downturns, Stockholm-based Beqo Hoti, who oversees Scandinavian markets, has set his sights on Spain and Greece south to better serve his Nordic clientele. The sun-soaked countries have long been favored by Scandinavians for second homes—and given their higher levels of income, many can afford the best. Beqo
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Jeenah Moon | Reuters Former President Donald Trump on Thursday railed against the judge who will deliver verdicts in his $250 million New York fraud
Overdue and over budget, a project to redevelop Connecticut’s New London Pier into an offshore wind energy hub for projects along the Atlantic coast is nearly complete. Its first shipments, components for a project in the Long Island Sound, are set to leave port early Tuesday. Launched in 2020 with an original price tag of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has restricted western companies selling their Russian assets from withdrawing the proceeds in dollars and euros, imposing additional de facto currency controls in an effort to shore up the weakening rouble. Western companies exiting
The recent gains are a rare sight in 2023, even considering Bitcoin’s impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase. Deribit BTC options daily volume, in BTC. Source: Deribit It’s worth
Against the backdrop of a big state-funded property tax cut and with a bond guarantee program fully back in business, Texas public school districts are asking voters for almost $18 billion of debt Nov. 7. That accounts for the lion’s share of the $28.48 billion of bonds in 218 measures on Texas ballots, according to
The stately mansion has the type of presence one would expect in an affluent part of Washington D.C.: traditional, elegant and tidy. Yet beyond the restrained presence from the curb, the stone façade and the four-column entrance is a residence that delivers in big ways. Consider the mammoth size. This is not just a home
Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the
Market data platform SOLVE has introduced a public finance workflow solution that shows historical scales for all muni deals, allowing for spread comparisons of where a deal priced in the past to where it might price in current market conditions. The firm’s clients wanted a tool to deliver deal-based spreads on their terms, said Gregg
Israel has pressed on with its ground offensive in Gaza for a second night as prime minister Benjamin Netanyahu said the country had launched a new phase of its “long and hard” war to destroy Hamas. Daniel Hagari, IDF spokesman, said on Sunday that Israel had sent more troops into Gaza overnight and combat operations
Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors. Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the
The Municipal Securities Rulemaking Board has approved its first fees under its new rate card model, which helps the board respond to market pressures and adjust yearly rates accordingly, and expects to file those changes with the Securities and Exchange Commission within a month’s time. Of the four fees the board collects from regulated entities,
Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin. In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that memecoin Pepe (PEPE) is a strong indicator of