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Individual investors pay more than institutional investors to access the recently issued market, a Municipal Securities Rulemaking Board research report found. That follows its 2023 report on a similar topic, which found from 2018 to 2022 that individual investors not investing through separately managed accounts had minimal participation in the primary market and were more
Groundbreakings on public infrastructure projects jumped in July and are expected to accelerate later this year if the Federal Reserve begins to trim interest rates. That’s the latest update from Dodge Construction Network, which tracks construction projects across the nation from planning through groundbreaking. Its latest report highlighted a 19% increase in July from June
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Ohio’s Eastern Gateway Community College will dissolve and close after a series of missteps and scandals. Red flags include settling a lawsuit with the Department of Education over its handling of Pell Grants for students; a grand jury indictment of its former president and his chief of staff; and failing to file on the Municipal
Last week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon. “The time has come for policy to adjust,” the central bank leader said in his keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. For Americans struggling to keep up with sky-high interest charges, a likely
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Junk-rated Pennsylvania nonprofit regional healthcare system Tower Health plans to exchange outstanding debt and issue new bonds to help bring about its turnaround. Tower Health plans to issue, through the Berks County Municipal Authority, $1.335 billion of revenue bonds. The hospital operator plans to exchange $1.178 billion of debt for new bonds. Reading Hospital in
Shaunl | E+ | Getty Images Consumers in the market for a home have been patiently waiting for the Federal Reserve to cut interest rates — a move it seems poised to make in September. But without action from Congress, there could be another change at the end of that month that makes it temporarily
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Your browser does not support playing this file but you can still download the MP3 file to play locally. Computer chips power toys and control nuclear reactors. They are in phones, cars and planes, getting us to work and keeping us safe. And they are at the centre of a growing tech war between the
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