The west has become an uncomfortable place for old-fashioned liberals. Much of the challenge has arrived from the populist right, which has cast itself as the champion of the majority against the self-interested “liberal elite”. But on liberalism’s other flank, new forces have also grown, impatient with what they see as the lack of radicalism
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Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with
Testimony and evidence presented in the New York fraud trial of Sam Bankman-Fried over the past week have shed fresh light on the sudden, chaotic demise of FTX, his crypto exchange. Also revealed: new details of his fateful rivalry with Changpeng Zhao, chief executive of FTX competitor Binance. FTX and Binance stood as pillars of
Amid a busy new-issue day, munis could not help but follow a U.S. Treasury selloff that was led by stronger economic data, reaffirming that rates will remain higher for longer. Equities were down late in the session. “The ‘higher for longer’ interest rate narrative continues to have a significant impact on all fixed income markets,”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Recent sightings of the 71-year-old Vladimir Putin tend to be described in the hushed tones of a concerned matron. Did you see his arm tremble? Why is he looking so puffy and pale? What’s all
Bitcoin (BTC) is destined to hit $128,000 or more by the end of 2025, multiple analytics models suggest. Uploading his latest BTC price estimates to X (formerly Twitter) on Oct. 17, popular trader and analyst CryptoCon deduced a two-year target of around $130,000. Multiple BTC price forecasts converge on $130,000 in 2025 Bitcoin market participants
Connor Crews has rejoined the McGuireWoods public finance team in Raleigh after teaching for more than three years at the University of North Carolina’s School of Government. Crews will work on all aspects of public finance transactions, including governmental financings and financings for non-profit organizations. During his tenure at UNC, he taught local and state
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italian authorities have arrested two men suspected of carrying out online recruitment activities on behalf of the Islamist terror group Isis on Tuesday, in yet another sign of the heightened security alert across Europe following
One of the major lessons learned about the Covid-19 pandemic was the role ventilation played in its spread. In the summer and fall of 2020, the World Health Organization and then the Centers for Disease Control and Prevention announced that the deadly virus was largely transmitted through aerosols, not saliva droplets as originally thought, and
You can enable subtitles (captions) in the video player Remember the Metaverse? By now we were all supposed to be piloting personal avatars through immersive digital landscapes. But a sudden glut of investor interest has dribbled away. Facebook was so keen on the concept initially that its CEO Mark Zuckerberg renamed the company Meta. Spending
Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini. According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some of Netflix’s competitors are reversing a streaming war tactic by licensing their old TV shows and movies to the streamer — boosting its programming offerings but also potentially squeezing its profit margins, analysts say.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden and Donald Trump raised far more money for their election campaigns in the third quarter than their presidential rivals, but much less than former presidents at the same phase of previous races, according
Municipals were weaker Monday, rising in sympathy with U.S. Treasuries. Equities rallied. Triple-A benchmarks were cut up three to eight basis points, depending on the scale, while UST yields were up four to nine near the close. The two-year muni-to-Treasury ratio Monday was at 70%, the three-year was at 70%, the five-year at 71%, the
“We’re contorting ourselves to pass through the keyhole of tyranny.” Edward Snowden’s words to the audience at the packed Genesis Stage hall at Bitcoin Amsterdam stressed the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat currencies and restrictive policies. The renowned whistleblower’s address summed up a recurring theme during
The coastal strip of Gaza, the hemmed-in Palestinian enclave under Israeli bombardment, has grown over seven decades of displacement and conflict into a community that is almost unique in the world. Covering an area roughly a quarter of London, Gaza is more crowded in parts than Manhattan — even though it lacks the high-rise buildings.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British nationals sentenced to jail in England and Wales could be transferred to prisons elsewhere in Europe under radical legislation to address the crisis in the penal system to be announced on Monday. Justice secretary
The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the
In this article COST MU INTC META AMZN Follow your favorite stocksCREATE FREE ACCOUNT An Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Sandy Huffaker | Reuters Investors are confronting several headwinds, including macro uncertainty, a spike in energy prices and the unanticipated crisis in the Middle East. Investors seeking
The white, sandy beaches that decorate the coast of Florida are certainly no secret. In Miami Beach alone—with a full-time population of about 80,000—just under 11 million visitors stay overnight in the small beach town every year. A similar story can be seen across many coastal towns across the Sunshine State. However, with an incredible