US Treasuries rallied and the S&P 500 closed at a record high as investors weighed the release of the minutes from the Federal Reserve’s November meeting and the prospect of tariffs on products from Canada and Mexico. The yield on the two-year Treasury was down 0.02 percentage points at 4.25 per cent on Tuesday afternoon,
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Following more than a year of spiralling conflict between Israel and Hizbollah, the guns are finally due to fall silent after President Joe Biden announced that a US-drafted ceasefire agreement will take effect on Wednesday. If implemented, it will bring much-needed respite to Lebanon after months of relentless Israeli bombardment that has displaced about 1.2mn
<img src=”https://public.flourish.studio/visualisation/20497288/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved, outperforming small losses in U.S. Treasuries Tuesday, while equities closed with the Dow and S&P 500 hitting records. The day’s moves followed the Federal Open Market Committee meeting minutes that signaled the Federal Reserve will be cautious with further policy easing. If the economy progresses as expected,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli Prime Minister Benjamin Netanyahu has announced plans for a ceasefire with Hizbollah, raising hopes of an end to the year-long hostilities between Israeli forces and the Lebanese militant group. In a pre-recorded television address
Blackcat | E+ | Getty Images It’s no secret that homeowners often have higher net-worth than renters. But while renters face unique affordability challenges, there are still steps they can take to improve their financial standing. In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new
Moody’s Ratings downgraded Manhattan, Kansas, bonds to A1 from Aa3 in the wake of a tardy audit and deteriorating finances. A tardy annual audit and deteriorating finances led Moody’s Ratings to downgrade the issuer and general obligation rating for Manhattan, Kansas, to A1 from Aa3 and warn the rating could be lowered further or even
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Russia’s rouble has plummeted to its lowest rate against the dollar since the first weeks of its full-scale invasion of Ukraine, as the currency felt the bite of new US sanctions against Gazprombank.
House Appropriations Chair Rep. Tom Cole, R-Okla., said disaster aid may be included in a short-term government funding bill this year.Al Drago/Bloomberg News Lawmakers will return to Capitol Hill next week to wrap up the 118th Congress with must-pass government funding and national defense authorization bills and fresh disaster funds on tap. The lame-duck session ending
“Emergency relief funding is not just about repairing infrastructure, it’s about ensuring that transportation remains a critical support system for communities rebuilding after devastating natural disasters,” said Paul P. Skoutelas, APTA President and CEO. ”This funding is critical now more than ever, as climate-driven disasters increase in intensity and frequency. Congress must act swiftly to provide
Stephanie Wiggins, chief executive officer of the Los Angeles County Metropolitan Transportation Authority, and Vivian Altman, head of Public Finance at Janney Montgomery Scott, are the 2024 public and private sector Freda Johnson Award winners. The awards, given by the Northeast Women in Public Finance, are named after Johnson, a founding board member of the
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s plan to slap punitive tariffs on Canadian imports will drive up prices for American motorists, oil producers warned, as the US president-elect’s threats hit global markets. Trump proposed late on Monday
Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. Stellantis blamed the UK’s electric vehicle sales rules as it announced plans to shut its historic van factory in Luton, putting about 1,100 jobs at risk. The owner of Vauxhall and Peugeot on Tuesday said Britain’s
Brandon Bell | Getty Images News | Getty Images As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Trump’s campaign promises — from tariffs to mass deportations, tax cuts and deregulation — and his picks to lead federal agencies suggest both risks and rewards for
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. A North Korean general was injured and several officers sent by Pyongyang to Russia’s Kursk region were killed last week when Ukraine launched British-supplied Storm Shadow missiles at a Russian command centre, according to
Sewer treatment plant in Jefferson County, Alabama. County leaders combined long-term discipline and planning with short-term risk-taking to successfully sell their warrants in an initial foray into the market after their bankruptcy. Twelve years after filing what had been the largest municipal bankruptcy in history, Jefferson County, Alabama came to market with $2.24 billion of
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Mexico’s president Claudia Sheinbaum hinted at retaliation over US president-elect Donald Trump’s proposed tariffs on her nation’s exports on Tuesday as the peso slid against the dollar. Trump vowed on Monday night to
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Bloomberg News The Securities and Exchange Commission more than doubled the number of municipal market enforcement filings in fiscal year 2024 from fiscal 2023, in a year that saw 583 total enforcement actions and a record-breaking $8.2 billion in financial remedies ordered. Despite the great sum of financial remedies, the 583 enforcement actions represent a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior bankers in the UK will receive their bonuses faster and fewer will have to wait several years to receive their payouts under plans set out by the Bank of England on Tuesday. The proposals,