The story stays the same and that is munis remain rich but an uptick in supply will bring some pressure to the asset class. The steadiness of the muni market, despite the swings in USTs, shows both the trepidation of investor commitment at these levels and the underlying strength of the credit quality of the
admin
Yulia Navalnaya had said she always wanted to be a politician’s wife, not a politician herself. But in the days since her husband Alexei Navalny died in a remote Arctic penal colony, she has seized the stage like a world leader. Hours after Russia announced the death of Navalny last Friday, she vowed to hold
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eleven companies dubbed the “Granolas” propelled European stocks to a record high this week, with their outsized contribution echoing the better-known “Magnificent Seven” in the US. The crunchy acronym was coined by Goldman Sachs for
Not-for-profit healthcare finances should improve this year, rating agencies said, and many healthcare issuers plan to test the bond market. The sector reached a “turning point” in calendar year 2023, Fitch Ratings said in a report released Wednesday. The latest perspective offers a shift from challenges and expectations analysts predicted as recently as January. Analysts
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak said on Friday that voters were starting to see “the green shoots of recovery”, ahead of a Budget next month that he hopes will help to improve the Conservative party’s dire poll ratings.
Two years ago, Nvidia made most of its money selling graphics cards. It was a household name only to the most dedicated PC gamers. Today, the chip designer is one of the world’s most valuable companies, the chief beneficiary of an artificial intelligence boom that has transfixed Silicon Valley and Wall Street, and an avatar
Louisiana is set to float $1.34 billion of private activity bonds in April as part of its largest public-private partnership to date, which will replace an aging bridge over Interstate 10 near St. Charles. The Louisiana Public Facilities Authority released details of the financing after the State Bond Commission last week signed off on the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is elected mayor of the West Midlands region When Ozzy Osbourne wowed the Alexander Stadium two years ago and closed with his immortal cry of “Birmingham forever!” it was a fitting finale to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Junior doctors in England are willing to consider a pay rise this year that is lower than their original 35 per cent demand, according to union leaders ahead of another five-day strike. Ministers have long
Alabama airports would be able to enter into public-private partnerships under a bill that advanced through the state House this week. House Bill 87 passed the House Tuesday less than three weeks since it was introduced by Republican state Rep. Chip Brown. It is now pending at the Senate Transportation and Energy Committee. “Alabama is
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pick any Conservative prospective parliamentary candidate at random and the chances are it will be a man who has served in local government, according to an analysis of would-be MPs. The study shows that 70
The Securities and Exchange Commission (SEC) is partnering with other federal regulators to lessen fears regarding the implementation of the Financial Data Transparency Act. The goal of this new law, which was passed in 2022, is to provide more transparency to the financial markets by introducing machine-readable formats into the Municipal Securities Rulemaking Board’s EMMA
Maskot | Digitalvision | Getty Images Several factors may affect your path towards homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University of Pennsylvania. Homeowner parents are
Miami International Airport received $27 million from the federal government for infrastructure projects designed to improve the passenger experience at one of the nation’s busiest airports. The funding was announced at a Thursday ceremony at MIA: Miami-Dade County Mayor Daniella Levine Cava welcomed Polly Trottenberg, U.S. Department of Transportation Deputy Secretary, and Shannetta Griffin, the
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The US has sanctioned more than 500 Russian targets in response to the death of opposition activist Alexei Navalny and on the eve of the two-year anniversary of the full-scale invasion of Ukraine. The
Stock trader Gregory Rowe (R) works on the floor of the New York Stock Exchange during morning trading on February 14, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images After a brief respite, the Magnificent 7 stocks have again hit new highs on the heels of Nvidia’s blowout
Municipal bond issuance in the Far West region in 2023 was up 13.1% year-over-year to $75.2 billion, spurred in part by a fourth quarter rally, boosting sales 45% compared to the same period in 2022, according to data from LSEG, formerly Refinitiv. “There has been a tremendous rally, starting in December when the Federal Reserve
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The birth rate in England and Wales dropped to the lowest on record in 2022, according to official figures that lay bare the pressures on the economy resulting from the nations’ demographic challenges. The total
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I popped into Sainsbury’s this week to buy tea bags. It took some time out of my working day, but I had read of potential shortages and my family hates to run out of tea.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The husband of a BP employee has pleaded guilty to insider trading after he was accused of illegal share purchases having overheard his wife talking about a deal while working from home. The US Securities
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered’s chief executive Bill Winters said the bank’s “crap” share price did not reflect its true value, as fourth-quarter profits surged almost tenfold. The UK-based lender said pre-tax profits for the final three months