CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House For some heavy hitters (and big egos) in markets, the worst possible outcome from the US presidential election is a victory for Kamala Harris. A narrowing or even vanishing lead in […]
What ‘Monzo millionaires’ can teach us about share options #NewsMarket
CashNews.co Thousands of staff members at Monzo, the digital bank famed for its coral-coloured bank cards, could soon be in the pink. Two big investors in the fast-growing fintech are set to expand their stakes by buying stock from Monzo employees who were awarded share options as part of their overall pay package. The bank […]
What a farmers’ market token tells us about reform needed in US banking #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor At the farmers’ market on Detroit Street in Ann Arbor, Michigan, there are three ways to pay. You can hand over cash. For some vendors, you can […]
When green debt turns brown #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. With Thames Water still circling the drain of renationalisation, a look at the utility’s previous green bond offerings might seem needlessly scatological. But this is Thames Water we’re talking about, simultaneously the UK’s largest […]
Millennium considers launching first new fund in more than three decades #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Millennium Management is considering launching its first fund since it was founded more than three decades ago in a bid to target less liquid assets, including private credit, according to people familiar with the […]
Chapel Down shares plunge after winemaker pulls back on sale plans #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chapel Down’s share price cratered on Friday following news that England’s largest winemaker had downgraded its sales guidance and announced it was staying independent after putting itself up for sale this summer. Shares fell […]
NYSE plans to extend daily trading to 22 hours on its Arca exchange #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The New York Stock Exchange announced plans to extend trading hours for equities on its Arca venue to 22 hours on weekdays, in an effort to meet global demand for buying and selling US-listed […]
Top US regulator warns of potential crisis if final bank guardrails fall away #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. Failure to finalise stricter stability rules could lead to an “unravelling internationally” of guardrails put in place after the financial crisis and create conditions for a new global banking meltdown, a top US […]
Court of Appeal sides with UK consumers over ‘secret’ car loan commissions #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior judges have sided with consumers who complained about “secret” commissions on car loans, in a landmark ruling that wiped almost a quarter from Close Brothers’ shares and put the rest of the sector […]
Nasdaq hits record high as tech stocks rebound from summer sell-off #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tech stocks propelled the Nasdaq Composite to a new high on Friday for the first time since July in a sharp turnaround after falling as much as 15 per cent during the summer. The […]