On July 1, Florida’s new anti-boycott law, House Bill 3, “An Act Relating to Government and Corporate Activism,” went into effect. Like similar laws enacted in other states, HB-3 generally bans companies like commercial banks and investment banks from doing business in the state if such companies are perceived as boycotting or otherwise discriminating against
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Yvette Shields, a reporter originally trained to cover Chicago City Hall, turned her fearless pen to Midwest state and local finance when she joined the Bond Buyer nearly 26 years ago and launched a career that enriched the public finance industry with unrivaled coverage of the people, deals and events that matter to the bond
The National Federation of Municipal Analysts has released best practices on Clean Water and Drinking Water State Revolving Funds, its first on the subject, which provides a roadmap for state and local governments as these investments become more essential to improving the infrastructure and quality of life around the country. “SRFs were selected because they
In this article ALK A PKG NXPI SPOT MMM Follow your favorite stocksCREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Check out the companies making headlines in midday trading. 3M – Shares of the chemical manufacturer rose 5.5% following the company’s latest earnings report. 3M posted $7.99 billion in revenue, beating analysts’ estimates
Lending app Era Lend on zkSync has been exploited for $3.4 million worth of crypto, according to a July 25 report from blockchain security firm CertiK. The attacker used a “read-only reentrancy attack” to drain the funds, which is a type of attack that interrupts a multi-step process and then causes it to continue after
You’ve likely never heard of Happy Jack, Arizona—and that’s a good thing. The high-elevation community 40 miles south of Flagstaff is surrounded by public lands and little else, making it a great spot for anyone looking to buy a very private hideaway. One example: The large cabin at 39112 Lake Mary Road that sits on
Alaska received what state officials called its highest rating since 2018 when Kroll Bond Rating Agency assigned its AA to the state’s general obligation bonds in its inaugural rating of the state. Kroll also assigned a stable outlook to the GOs and its AA-minus rating and stable outlook to the Alaska Municipal Bond Bank Authority’s
Today’s India is an “illiberal democracy”. Freedom House, the US think-tank, puts it at the same level as Hungary, whose leader, Viktor Orbán, invented that phrase. But it rates the components differently: political rights, notably electoral politics, are healthier in India than in Hungary, but civil rights are weaker. Worse, the latter have deteriorated substantially
Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022. According to the July 24 announcement on Discord, Michael Wagner, CEO and co-founder of ATMTA, said the restructured team
The Bank of England has estimated that it will require the UK Treasury to transfer a total of £150bn by 2033 to cover expected losses on its bond-buying quantitative easing programme, if interest rates follow the path implied by market pricing. The programme was designed so that the central bank is indemnified by the Treasury
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Home prices in May rose for the fifth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during the month.
Commercial leases for occupancy often require the tenant to pay a percentage of increases in real estate taxes imposed on the owner’s building, to the extent those taxes exceed the taxes in a base tax year. That base tax year is sometimes the tax year when the parties sign the lease, sometimes the next tax
Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment. Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO to run its United Kingdom entity, according to data from the Financial Conduct Authority. According to FCA, Sinclair was approved by
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Chip Barnett (00:03):Hi, and welcome to another Bond Buyer podcast. I’m Chip Barnett and my guest today is Eric Merlis, managing director and co-head of global markets at Citizens Bank. And we’re going to be focusing on the economy, financial markets
The Sunshine State is an incredibly diverse state in multiple senses of the word, one of them being the diversity of wealth depending on which city you’re located in Florida. Income inequality in Florida is higher than the national average, with incomes varying widely from locality to locality. In recent studies, we analyzed and identified
In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession and sheds light on the potential implications for the cryptocurrency market. In the crypto world, the anticipation of rising interest rates could have a short-term negative impact. This
In this article MMM ALK A SPOT DHR XRX Follow your favorite stocksCREATE FREE ACCOUNT Maplewood, Minnesota, 3M company global headquarters. Michael Siluk | Universal Images Group | Getty Images Check out the companies making headlines in premarket trading. General Motors — Shares of General Motors rose more than 1% after the automaker raised its
The risk of a crash landing for the global economy has receded, the IMF’s chief economist said as the multilateral lender predicted 3 per cent growth this year. In an interview with the Financial Times, Pierre-Olivier Gourinchas said the economic outlook had improved since the multilateral lender last published its projections in April amid a
Chinese equities jumped on Tuesday, led by gains in property and technology stocks after the country’s ruling politburo vowed to boost employment, give more support to the real estate sector and revive a “tortuous” economic recovery. Mainland China’s CSI 300 rose 2.8 per cent, while Hong Kong’s Hang Seng index was up 3.4 per cent.
Seychelles-based cryptocurrency derivatives exchange Bitget has seen prolific growth in key metrics through the first half of 2023, driven by the integration of a recently acquired self-custodial wallet service. Bitget is currently undergoing a rebranding initiative following its acquisition of BitKeep, with the latter being renamed Bitget Wallet. The platform has produced some impressive market performance
Chinese stocks staged their biggest one day rally since November after a call by China’s leaders for strong “countercyclical” measures to support the world’s second-largest economy, despite what economists said was a lack of detail in Beijing’s plans. President Xi Jinping’s 24-member politburo, the Communist party’s leading decision-making body, flagged the highly indebted property sector