Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. Traders slashed bets on imminent Federal Reserve rate cuts on Wednesday after data showed US inflation rose to 3.5 per cent in March, surpassing expectations and marking the second increase in a row. The annual
Westend61 | Westend61 | Getty Images It’s unclear when the Federal Reserve could begin cutting interest rates, but many homeowners who took out a mortgage in recent years — as rates hovered between 6% and 7%, and even touched 8% — are paying attention for opportunities to refinance. Thanks to those high mortgage interest rates,
The Dormitory Authority of the State of New York headlined the top 10 issuers in the first quarter of 2024 with a near $3 billion deal in March. DASNY, Washington (Build America Bond refunding), (January general obligation deal), Jefferson County, Alabama, (massive $2.3 billion sewer refunding) and the New Jersey Education Facilities Authority (largely Princeton
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. OpenAI and Meta are on the brink of releasing new artificial intelligence models that they say will be capable of reasoning and planning, key steps towards achieving superhuman cognition in machines. This week, executives at
Munis were a touch firmer in spots Tuesday as the primary market ramped up and investors awaited Wednesday’s inflation report to give further guidance on Fed rate cuts. U.S. Treasuries were firmer and equities were mixed at the close. The two-year muni-to-Treasury ratio Tuesday was at 65%, the three-year at 64%, the five-year at 61%,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AstraZeneca’s chief executive Pascal Soriot is “massively underpaid” and deserves a proposed £1.8mn pay rise, according to one of the drugmaker’s top shareholders. The British pharmaceutical company is preparing for a vote on its long-serving
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
We are at the initial stages of a major paradigm shift that has significant implications for the municipal market over the next five to 10 years. A number of societal mega-trends will present material challenges for the municipal market. These include climate change, growing federal debt, shrinkage of the workforce, the impact of remote work,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour will on Tuesday propose to toughen a planned crackdown on tax perks enjoyed by “non-doms” living in the UK, alongside a wider effort to tighten compliance, as the party seeks to plug a hole
Municipals were steady to slightly weaker in spots Monday ahead of a rebound in issuance that tops $8.5 billion. U.S. Treasuries were weaker and equities were up. Triple-A yield curves saw yields rise up to three basis points, depending on the scale, further softening ahead of a growing new-issue slate and the last week before
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, UK and Australia on Monday said they were considering working with Japan on advanced technology projects in the trilateral Aukus security pact aimed at boosting deterrence against China. The Aukus defence ministers said
New York State officials extended the state’s fiscal 2025 budget deadline a second time Thursday as legislators aim to resolve challenges, including education and affordable housing funding, with another new deadline — Monday, April 8. And another deadline extension seems likely, as many lawmakers will be traveling today to see the solar eclipse, including Gov.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. President Joe Biden will warn China about its increasingly aggressive activity in the South China Sea this week during summits with Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. Two senior US
In a ceremony watched by thousands of issuers, the White House Thursday unveiled an overhaul of how it sends billions of federal funds to cities, states and nonprofits in an effort to cut red tape, expand the pool of grant recipients and simplify reporting and compliance. “The changes being finalized and announced today are historic
In this article SLB WMT OMF Follow your favorite stocksCREATE FREE ACCOUNT A Walmart Supercenter cart sits outside of the store on February 20, 2024, in Hallandale Beach, Florida. Joe Raedle | Getty Images When markets get rocky, dividend-paying stocks can give investors’ portfolios the cushioning they need to ride out volatile times. Finding the
The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high.
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The US has warned of “significant consequences” if Chinese companies provide support for Moscow’s war against Ukraine in one of the sharpest messages it has yet delivered to Beijing. Following discussions in Guangzhou on
The Department of Transportation and Baltimore County have reached an agreement to divert a previously awarded DOT grant to help nearby ports accommodate more cargo following the collapse of the Francis Scott Key Bridge. That comes along with the announcement Thursday that DOT’s Federal Transit Administration will allocate $20.5 billion to state and local government
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, UK and Australia are to begin talks on bringing new members into Aukus as Washington pushes for Japan to be involved in the security pact aimed as a deterrent against China. The Aukus
Miami-Dade County, Florida, Mayor Daniella Levine Cava has dropped plans for a proposed a $2.5 billion municipal bond referendum in November that would have funded infrastructure projects. Instead, the mayor said Thursday she will work to propose an even larger bonding plan that will include money for transit projects. Proceeds from the “305 Future Ready”
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