The world’s first exchange traded fund investing in catastrophe bonds is set to list today on the New York Stock Exchange, opening up a potential source of returns uncorrelated to other asset classes. Cat bonds are securities issued by insurers, reinsurers and governments to offload some of their risk from large-scale disasters. They typically offer … Read more
Klarna’s announcement that it will bring “buy now, pay later” loans to food delivery app DoorDash two weeks ago was intended to showcase the Swedish fintech’s US growth before its long-awaited initial public offering. Instead, it triggered a backlash. The tie-up prompted a flurry of jokes on social media with users comparing taking on debt … Read more
A spiral of light illuminating the night sky captivated observers in Britain and much of Europe on Monday. Its cause: a SpaceX rocket, experts said, after the glowing spectacle ignited widespread curiosity and speculation about its origin. The ethereal display, seen from England to Eastern Europe, resembled a glowing celestial whirlpool in images posted on … Read more
After a stay aboard the International Space Station that unexpectedly stretched to nine and a half months, the NASA astronaut Suni Williams is back to doing something she enjoys on Earth. “I actually went out and ran three miles yesterday,” Ms. Williams, who returned to Earth two weeks ago, said on Monday during a news … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Steel’s auditor has warned the company faces “material uncertainty” and requires “further future funding” if it is to survive, in an assessment released only days after its Chinese owner turned down an offer of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk is, among other things, the king of the related party transaction. Almost a decade ago, Tesla bought SolarCity, a clean energy start-up backed by Musk and his brother. Now, the tech billionaire is … Read more
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. Regulators found fewer mistakes in audits of US companies in 2024, according to new data, in a reversal of a negative trend that began in the pandemic. The Public Company Accounting Oversight Board … Read more
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine’s bonds tumbled in price on Monday as investors dialled back their bets that Russian President Vladimir Putin will accept a US-brokered ceasefire in his country’s war with its neighbour. Debt geared to a … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s social media company became the first group to list on the New York Stock Exchange’s Texas platform on Monday, months after the president lashed out at Nasdaq for temporarily halting trading … Read more
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Here’s a word you don’t hear much these days: Magnificent. Some content could not load. Check your internet connection or browser settings. Based on intraday pricing, America’s tech megacaps are in a bear market, having lost … Read more