We write to express our concern about UK monetary developments (The Big Read, November 4). In April 2021 we signed a letter to you warning that the then rapid growth of the quantity of money — of more than 15 per cent in the previous 12 months — would result in well above-target inflation. The
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Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud. The key metric backing Mellerud’s claim is enterprise value-to-sales ratio — measuring a company’s value to its sales revenue. The higher the ratio, the more overvalued a
Several large new-issues priced into a stronger market with munis seeing gains across the yield curve amid constructive secondary activity as U.S. Treasuries pared back some of Mondays losses and equities also improved. Triple-A yields fell three to five basis points while USTs made gains up to eight basis points out long. The two-year muni-to-Treasury
In an Oct. 27 comment letter to the Securities and Exchange Commission (SEC), the National Federation of Municipal Analysts (NFMA) outlined its thoughts for implementing the Financial Data Transparency Act (FDTA). The letter, coming from a group that had previously expressed skepticism about the FDTA’s imposition of data standards for municipal reporting, was a breath
Who is this person anyway? Irene Zhao, the Simp-Queen mastermind behind the SO-COL platform and a Crypto Twitter influencer, explains that having a celebrity in your corner can turbocharge your NFT collection. Zhao’s first Simp DAO and NFT collection, IreneDAO, started with a floor price that was basically pocket change in ETH. “I think it
In this article WE Follow your favorite stocksCREATE FREE ACCOUNT The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. Embattled office-sharing firm WeWork on August 8 warned US regulators that it is worried about its survival. Citing financial losses, cash needs, and a
SHANGHAI — The number of Chinese individuals worth more than 5 billion yuan ($690 million) has fallen 15% from its peak in 2021, reflecting the property crisis-plagued economic slowdown and competitive e-commerce landscape. That is according to Shanghai-based Hurun Research Institute, which released its latest list of China’s wealthiest people on Tuesday. The total wealth
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. The founder of Tencent-backed game-streaming site DouYu has been taken away by Chinese authorities, becoming the latest tech entrepreneur to run into trouble in the country. Two people familiar with the matter said
You can enable subtitles (captions) in the video player I’m not sure this map shows Wales properly. Is it a brick? It’s some bricks. Sounds like something you say on election night. Godalming and Ash. How old were you when you dropped geography? OK. Just tell me where Hadrian’s Wall is on this. Welcome to
Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources. The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs employees announced on X (formerly
We welcome Wopke Hoekstra’s comments (“EU nominee for climate chief wants global fossil fuel taxes”, Report, FT.com, October 2) that he wants to explore an international maritime levy on ships’ greenhouse gas (GHG) emissions on a global basis. Currently, at the UN regulator for shipping, the International Maritime Organization, there is a proposal being discussed
Lugui Tillier is the sales manager for Lumx Studios, one of the top cryptocurrency firms in Rio de Janeiro — a city with a burgeoning crypto industry. But for Tillier — who holds dual citizenship between Belgium and Brazil — cryptocurrency is more than a job. It was a passion sparked by a friend, and it
Voters in Rhode Island’ will face several local ballot questions Tuesday, mostly for for local school bonds. Rhode Island is in the midst of a state-backed overhaul of its educational facilities, many of which are deemed to be outdated and in need of replacement or renovation, and local officials hoping to tap a state reimbursement
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Measure a business not by what has been put into it, but what can be taken out. Shareholders of the Hipgnosis Songs Fund and Scottish Mortgage Investment Trust will greet Benjamin Graham’s quip with a
Municipal analysts say K-12 school districts are struggling with lower enrollment, teacher shortages and increased operating costs. With federal COVID aid drying up and other revenues falling, school district budgets are likely to suffer in the coming months and years, said Howard Cure, Evercore Director of Municipal Bond Research. In addition, with growing charter school
The global market for generative AI will grow from $6bn this year to $59bn in 2028, new forecasts show, as the technology is deployed in industries ranging from marketing to insurance. Few software markets, if any, have grown as fast or produced as much excitement — and fear — as generative artificial intelligence. Supporters predict
A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. “The CCS
Miniseries | E+ | Getty Images Homebuyers are dealing with record-high costs this year amid interest rate hikes and shrinking supply. While shopping for homes is increasingly competitive, prospective buyers should consider an additional factor when weighing the pros and cons of a given property: the homeowners association, or HOA. Homeowners associations are run by
Cardano (ADA) rallied to its best price level in a month as cryptocurrency investors prepared for the Federal Reserve’s looming interest rate decision. Fed boosts appetite for cryptos like ADA On March 22, ADA’s price surged by as much as 4.58% to $0.388, its highest level since Feb. 24. This bucked the trend as the total
In this article TGT T MCD C ARCC Follow your favorite stocksCREATE FREE ACCOUNT A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images The ongoing market volatility continues to add to investors’ woes, making it difficult for them to pick the right stocks. However, it is