Freda Johnson’s influence, leadership and mentorship has touched many women and men in public finance over more than four decades in the industry. When her career began, the industry was not an easy one for women. “In order to succeed, Freda of course was very smart and capable, but I think she persevered at a
If it weren’t for S&P’s policies — and the ability to go part-time when her children were young — Robin Prunty says she wouldn’t have had the career she had. Even after spending 17 years as a part-time analyst, she was able to return as a manager in 2009 and lead analyst — and would
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake
When Community Memorial Hospital in Hicksville, Ohio, shuttered on Aug. 31, it became the latest small-town healthcare provider in the Midwest to run into insurmountable financial trouble. The hospital in the rural community of 3,114 residents closed its doors for good three months after the state’s tax commissioner rejected its request to file for Chapter
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. With today’s data showing the US inflation rate slowing to 2.5 per cent, conditions in America’s labour market remain all-important for the 25 vs 50 basis point rate cut debate facing the Federal Reserve next
José Luis Gutiérrez | iStock Photo Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index Fund Advisors and author of the book, Investing in U.S. Financial History: Understanding the Past to Forecast the Future. The answers have been edited for clarity. What is it
LARKSPUR, CALIFORNIA – NOVEMBER 30: A sign is posted in front of a home for sale on November 30, 2023 in Larkspur, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin Sullivan/Getty Images) Justin Sullivan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A $2,800 smartphone from Huawei with a 10-inch folding screen has passed 5mn in pre-orders during its launch week, as the Chinese technology giant takes on Apple in its home market with increasingly sophisticated devices.
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. Increasing demand for property, especially in the luxury space, is boosting prices not just of homes,
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT A view of Oracle’s headquarters in Redwood Shores, California, on Sept. 11, 2023. Justin Sullivan | Getty Images Oracle chairman and co-founder Larry Ellison had a “bizarre” announcement to make this week. The electricity demand from artificial intelligence is becoming so “crazy” that Oracle is
Municipals were steady to slightly firmer in spots while the primary market took focus with at least 17 deals over the $100 million market hitting the screens led by billion-dollar-plus pricings from Washington, D.C., and Illinois. The New York City TFA priced $1.5 billion for retail investors and Chicago accelerated a pricing of water revenue
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s Tata Group said it was “very close” to a deal that will release £500mn of UK taxpayers’ money to support greener steelmaking at its main British plant, in the first test of Labour’s industrial
When Citi shuttered its storied public finance division in December, nearly all of the firm’s roughly 120 bankers quickly landed new positions in the municipal market. But banker Archana Chandrasekhar hit the pause button for several months and ended up veering off in a fresh direction. “I was so busy for 16 years that I
Texas Children’s Hospital, which was hit with rating downgrades this summer in the wake of operating losses, is moving ahead with an approximately $222 million revenue bond sale this week. The tax-exempt, fixed-rate debt issued through the Harris County Cultural Education Facilities Finance Corp. is scheduled to price Thursday. Proceeds are earmarked for capital projects
Atlanta’s issuer default rating, general obligation, and guaranteed bonds were raised to AAA by Fitch Rating from AA-plus, based on the implementation of the rater’s updated criteria. Fitch also upgraded its rating to AAA from AA-plus on the Atlanta Downtown Development Authority, Atlanta Urban Residential Finance Authority, Atlanta Urban Redevelopment Agency and Atlanta Public Safety
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The US has warned that Russia is helping China develop submarine, aeronautic and missile technologies in exchange for Beijing’s support for Moscow’s war against Ukraine. Russia’s deepening sharing of military knowhow in
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. “Middle-income countries are home to three out of every four people — and nearly two-thirds of those who struggle in extreme poverty. They are responsible for 40 per cent of the world’s total economic output
Don Rice, the chairman and CEO of Rice Financial Products Co., originally saw his future heading into a career in engineering before he changed course and started his own derivatives boutique in the early 1990s. “It’s not nearly as significant a change as one might think,” Rice said. “Engineering is a quantitative business. For the
Texas public school districts launched a new school year based in some cases on shaky budgets with depleted reserves as they cope with increasing costs, a state per-pupil allotment that hasn’t risen since 2019, and the expiration of federal pandemic relief funding. Still, the overall credit quality for the more than 300 Texas school districts
Tarpon Island, a private island in Palm Beach, Florida, sold for $150 million in May 2024. CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Sales of ultra-luxury homes surged in
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2024. Brendan Mcdermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.