Just as president-elect Donald Trump was being voted in on a platform of higher tariffs for China, US businessmen were striking deals thousands of miles away at Shanghai’s biggest trade fair. Dynamite, a family-run pet food business with 12 stores in Idaho, signed $1mn in orders from Chinese company Pawberry — part of a stream
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US president-elect Donald Trump has chosen Susie Wiles, his 2024 campaign manager, as his White House chief of staff, in the first in a series of important appointments to his new administration. “Susie
Rivian said on Thursday that it expected greater losses for the year, as a shortage of a key part for its motors continued to drag on the electric carmaker. The California company said it will lose between $2.8bn and $2.9bn this year, before interest, taxes, depreciation and amortisation, compared to its previous forecast of a
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Show video info The Federal Reserve cut its benchmark interest rate by a quarter point on Thursday as its chair Jay Powell hailed the strength of the US economy and said he would
Jenniffer González Colón, a supporter of statehood for Puerto Rico, was elected the next governor of the island. Three of the five biggest bond referendums in the Southeast region passed on Tuesday, with voters agreeing to requests from Nashville, Tennessee; Charlotte, North Carolina; and Fairfax County, Virginia, and rejecting them in Cary, North Carolina, and
Oklahoma Turnpike Authority Executive Director Joe Echelle said inflation boosted the cost of every line item in the 15-year ACCESS Oklahoma program.Oklahoma Turnpike Authority The Oklahoma Turnpike Authority authorized on Thursday the issuance of $1 billion of revenue bonds to continue financing the controversial ACCESS Oklahoma expansion program with a projected price tag that has
<img src=”https://public.flourish.studio/visualisation/20192719/thumbnail” width=”100%” alt=”chart visualization” /> Municipals and U.S. Treasuries improved Thursday and equities ended mixed after the Fed cut rates 25 basis points and left the door open for further cuts in December. Triple-A yields fell three to seven basis points Thursday while govies were better by up to 11 basis points, retracing some
Jeffrey Gundlach speaks at the 24th Annual Sohn Investment Conference in New York, May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday that interest rates could shoot higher if Republicans end up controlling the House, securing a governing trifecta that gives President-elect Donald Trump free rein to spend as he pleases. Gundlach, a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup is revamping pay for its private bankers in an attempt to boost sales of investment products and overhaul how the group’s struggling wealth division interacts with its wealthy clients. The change, first detailed to
“Going into Election Day, Republicans held 57 legislative chambers nationwide, and Democrats held 41, a Republican edge that we’ve seen nationally since the Tea Party wave in 2010,” said Ben Williams, NCSL. ”We have as of right now, 54 chambers with Republican control, 35 chambers with Democratic control. We have one chamber that looks like it
The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced it will lower its benchmark rate bya quarter point, or 25 basis points, days after President-elect Donald Trump won the 2024 election. Economic uncertainty was a prevailing mood heading into Election Day after a prolonged period of high inflation left many
Enjoy complimentary access to top ideas and insights — selected by our editors. The Bond Buyer announced the recipients of its annual Deal of the Year awards, marking the 23rd year it has recognized outstanding achievement in municipal finance. Winners have been named in 10 categories: one in each of The Bond Buyer’s five regional
Louisiana Gov. Jeff Landry wants to reform the tax system in what he says is an effort to strengthen the state’s economy.Bloomberg News Facing budget deficits of $587 million to more than $800 million starting next fiscal year, Louisiana lawmakers are convening an extraordinary legislative session to consider changes to taxes and the state’s constitution.
<img src=”https://public.flourish.studio/visualisation/20173584/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds sold off Wednesday, following U.S. Treasuries to much higher yields in a risk-on trade after a sweeping victory by former President Donald Trump and a Republican takeover of the Senate. Equities saw massive gains on the day. The red wave that took the presidency and the Senate
“We hope to act as a resource to the industry, trying to provide some additional knowledge, research findings that can help the market,” said Martin Luby, the Center on Municipal Capital Markets’ director.University of Texas at Austin The role of capital markets in financing infrastructure is the focus of a university-based center recently launched in
In this article PHM DHI LEN Follow your favorite stocksCREATE FREE ACCOUNT Homes in the south suburban Chicago area on April 26, 2023. Brian Cassella | Tribune News Service | Getty Images President-elect Donald Trump’s victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are
A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images U.S.-listed funds tracking global stocks largely pulled back in Wednesday’s session as investors considered Donald Trump’s victory harmful to international equities. Closely followed exchange-traded funds from iShares tracking
With former President Donald Trump taking the White House and Republicans the Senate, municipal market participants worry that GOP control of the House will usher in major tax policy changes that could hurt the market.Bloomberg Municipal market participants Wednesday digesting former President Donald Trump’s victory and the GOP takeover of the Senate were keeping their
Donald Trump said earlier this year that if he were to be re-elected, “incomes will skyrocket, inflation will vanish completely, jobs will come roaring back and the middle class will prosper like never before”. The majority of US voters have bought into that pitch, but many economists do not. Instead, they warned his plans to
President Biden announces new rules to eliminate lead in drinking water in Milwaukee in October. The Midwest has a disproportionate share of the nation’s lead-lined water pipes.U.S. EPA The fight to end lead contamination in drinking water is playing out with high stakes in the Midwest. The region accounts for a disproportionate share of the
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut