<img src=”https://public.flourish.studio/visualisation/20935176/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly weaker Tuesday as U.S. Treasuries closed the session a bit stronger while equities were in the black. The two-year municipal to UST ratio Tuesday was at 65%, the five-year at 65%, the 10-year at 67% and the 30-year at 82%, according to Municipal Market
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Laura Dougherty, staff attorney for the Howard Jarvis Association, was granted a one-month extension to Jan. 31 to file briefs in the case against San Jose.Howard Jarvis Taxpayer Association The California Supreme Court agreed to an extension for filing briefs in San Jose v. Howard Jarvis Taxpayer Association, the primary case challenging cities’ use of
Chicago’s 2025 budget does not materially alter its credit profile, Moody’s Ratings said this week.Bloomberg News Chicago’s 2025 budget that passed the City Council this month will not materially alter the city’s credit profile, Moody’s Ratings said in a Monday statement. The final 2025 budget featured no property tax hike, and received criticism for using
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Syria’s rebel factions have agreed to disband and become part of the interim government’s defence ministry as the new administration rushes to consolidate power within revamped institutions. The new government’s commander-in-chief Ahmed al-Sharaa — former
President-elect Donald Trump, pictured here at the December reopening of the Cathedral of Notre-Dame, has pledged to shift the country’s energy and infrastructure priorities.Nathan Laine/Bloomberg The outlook for the public infrastructure market next year is a mix of optimism and uncertainty as municipal market participants look forward to a rush of projects amid threats to
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A housing development in the Denver suburbs. Infrastructure for most new residential development in Colorado is financed through metropolitan district bonds.Bloomberg News A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure such as roads, sewers, parks, and recreation
Paramount Global boss Shari Redstone is reportedly banking on her friendly relationship with President-elect Donald Trump to help the media giant skirt any FCC issues in its merger with Skydance — and help her walk away with a windfall. Redstone, the daughter of the late media titan Sumner Redstone, has “has gotten along” with Trump
Apple is poised to become the first company to cross the $4 trillion threshold — powered by investors cheering the tech giant’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company, led by Tim Cook, has pulled ahead of Nvidiaand Microsoftin the race to the monumental milestone, thanks to an about 16% jump in
The U.S. consumer finance watchdog accused Walmart (WMT.N), opens new tab and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees. The Consumer Financial Protection Bureau said in a lawsuit that Walmart had told “last mile” drivers
The Food and Drug Administration elevated its recent recall of more than 10,000 cartons of eggs sold at Costco to the highest alert level due to fears that salmonella contamination will “cause serious adverse health consequences or death.” In late November, Costco announced that it was recalling nearly 260,000 eggs sold under the Kirkland Signature
The US Food and Drug Administration on Monday approved Hikma Pharmaceuticals’ generic version of Novo Nordisk’s diabetes drug,Victoza, clearing the way for the launch of another copy of the treatment in the country. Hikma’s branded generic will compete with Teva Pharmaceuticalsauthorized generic of Victoza in the United States that was launched earlier this year. Authorized
Share Tweet By Tr Goins-Phillips Editor December 19, 2024 Investigators have discovered a nearly 2,000-year-old silver amulet attached to a necklace around the neck of a skeleton buried in Frankfurt, Germany, possibly highlighting the early presence of Christianity in the Roman Empire. At just 1.4 inches long, the amulet contains an ultra-thin sheet of silver
The Biden administration on Monday announced a last-minute trade investigation into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. US Trade Representative Katherine Tai said the probe aims to protect American and other semiconductor producers from China’s
Apple is poised to become the first company to cross the $4 trillion threshold — powered by investors cheering the tech giant’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company, led by Tim Cook, has pulled ahead of Nvidiaand Microsoftin the race to the monumental milestone, thanks to an about 16% jump in
The World Health Organization Dec 24 2024 20 December 2024 was a crucial moment for Luxembourg in supporting WHO and strengthening global public health, to make progress towards the Sustainable Development Goals in 2025–2028. A Strategic Partnership Framework (SPF) with the Ministry of Development Cooperation and Humanitarian Affairs was signed amounting to €46.5 million – the
The Food and Drug Administration elevated its recent recall of more than 10,000 cartons of eggs sold at Costco to the highest alert level due to fears that salmonella contamination will “cause serious adverse health consequences or death.” In late November, Costco announced that it was recalling nearly 260,000 eggs sold under the Kirkland Signature
The US Food and Drug Administration on Monday approved Hikma Pharmaceuticals’ generic version of Novo Nordisk’s diabetes drug,Victoza, clearing the way for the launch of another copy of the treatment in the country. Hikma’s branded generic will compete with Teva Pharmaceuticalsauthorized generic of Victoza in the United States that was launched earlier this year. Authorized
The U.S. consumer finance watchdog accused Walmart (WMT.N), opens new tab and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees. The Consumer Financial Protection Bureau said in a lawsuit that Walmart had told “last mile” drivers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that followed the Covid pandemic. Defaults in the global leveraged loan
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Joe Biden has stamped his legacy on the federal bench after Senate Democrats raced to confirm more than 200 nominees to lifetime appointments in courts across the US, outpacing Donald Trump’s tally during
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