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Golf
‘Billionaires’ playgrounds’: the $1mn fees upending Florida’s golf clubs
...Florida has the highest density of golf courses of any US state, with more than 1,250 courses, according to the National Golf Foundation....
April 10, 2024
Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...The event highlighted the US scheme, which has attracted interest from Amazon, Mastercard and Bank of America but is still seeking corporate buyers for its credits....
April 21, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Cryptocurrencies
Tether crypto token increasingly favoured by money launderers, UN warns
...Tether is pegged to the US dollar and allows traders to move in and out of crypto trades, unlike cryptocurrencies such as bitcoin that are not pegged to hard currencies and are predominantly used for speculation...
January 15, 2024
Currencies
Asia’s central bankers struggle to contain strong US dollar
...strategy team at Bank of America....
April 20, 2024
Artificial intelligence
Booming AI demand threatens global electricity supply
...Developers are looking to build sites in growing areas such as the US states of Ohio and Texas, regions of Italy and eastern Europe, Malaysia and India, according to analysts....
April 17, 2024
Tesla Inc
Tesla asks shareholders to approve move to Texas and ratify Musk’s pay
...This group briefly considered an option to domicile Tesla outside the US, but then drew up a shortlist of 10 states, before whittling the options down to Texas and Delaware....
April 17, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...It’s no wonder that, in the 2024 version of SVB’s annual scorecard, Rob McMillan’s State of the US Wine Industry Report, by far the most important sales channel for premium wineries was the tasting room,...
April 20, 2024
Sovereign bonds
New York moves to rewrite law on sovereign debt default recovery
...New York lawmakers have moved to limit how much creditors can recover from defaulted sovereign debt in the state’s jurisdiction, proposing to rewrite the law that governs about half of the foreign currency...
March 6, 2024
Donald Trump
Trump posts $91.6mn bond as he appeals defamation verdict
...The decision left Trump searching for hundreds of millions of dollars to deposit with the court, or risk his assets — including his New York properties — being seized by state authorities, while he awaits...
March 8, 2024
Cryptofinance
New York regulators threaten crypto’s festive spirit Premium content
...While we’re on the subject of the IRS, the tax agency was blasted by bankrupt exchange FTX this week for chasing billions of dollars in tax liabilities from the collapsed trading venue....
December 15, 2023
FT Magazine
Battle for the American West
...By the mid-1800s, the US bracketed the landmass called North America....
April 13, 2024
United Talent Agency Inc
Hollywood power broker splits with UTA over $950,000 ‘special expenses’ fund
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
March 13, 2024
News in-depthProperty sector
China property woes leave Los Angeles with a billion dollar tower of graffiti
...“No one wants to have the largest public housing project in the state of California next to” the Crypto.com Arena, where the Lakers, LA Clippers and Los Angeles Kings ice hockey club play, he said....
February 17, 2024
US Dollar
Hedge funds ditch bearish dollar bets as US ‘exceptionalism’ fuels rally
...FX strategy at Bank of America....
February 8, 2024
News in-depthDonald Trump
Trump’s legal woes add new twist to Wall Street tower’s tangled story
...He poured tens of millions of dollars into a gut renovation that raised its ceilings, narrowed its columns and upgraded its elevators and communications equipment....
March 12, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
Pound Sterling
Sterling outshines rivals as UK economy holds up better than expected
...The rest of the G10 group of heavily traded currencies are down against the dollar, with the euro losing 0.9 per cent, the Canadian dollar down 1.7 per cent and the Japanese yen sliding 4.1 per cent....
March 8, 2024
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...The global insurance sector is expecting billions of dollars of claims after the Dali container ship struck the Francis Scott Key Bridge on Tuesday, including for repairing damage to the bridge and paying...
March 28, 2024
News in-depthArtificial intelligence
US seeks alliance with Abu Dhabi on artificial intelligence
...The Biden administration is proactively encouraging US tech groups to seek artificial intelligence deals and partnerships in the United Arab Emirates, seeking to cultivate an alliance that would provide...
April 20, 2024
FT Magazine
How the least divided place in America feels about the inevitability of Trump’s return
...In Palm Beach, even among those who care enough about who wins to donate millions of dollars to a particular candidate, partisan divides don’t matter as much as they seem to in other parts of America....
February 29, 2024
Maritime accidents and safety
Biden administration warns of lengthy disruption at Baltimore port
...The Biden administration has warned of a lengthy disruption to one of the US’s busiest ports, as carmakers reroute their shipments and insurers brace themselves for multibillion-dollar claims following the...
March 28, 2024
Venezuela
Venezuela arrests former Maduro allies in oil corruption probe
...PDVSA), where millions of dollars in government revenue are believed to have gone missing....
April 10, 2024
News in-depthShale Oil & Gas
Permian Basin deal wave heralds new phase in shale oil revolution
...Today, as a multibillion-dollar wave of consolidation washes over the Permian Basin — the engine room of America’s oil industry — that landscape has been transformed....
February 14, 2024
US immigration
New York files $708mn lawsuit over migrants bussed from Texas
...The bus companies had earned millions of dollars in revenue by assisting Abbott, the filing claimed, violating a New York law that requires those who bring “a needy person from out of state” to “convey such...
January 4, 2024
Gaming
Can Grand Theft Auto VI match its $7.7bn predecessor?
...The first official trailer for GTA VI launched this week, announcing a release window of 2025. The game will be set in the state of Leonida, a fictionalised Florida....
December 6, 2023
Oil & Gas industry
US landowners sue to force oil company clean-up of abandoned wells
...of dollars in well-decommissioning obligations....
February 23, 2024

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