Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
Munis were weaker Monday ahead of a $9 billion new-issue slate and the first full week of 2024 while U.S. Treasury yields fell and equities ended up. Munis “continue to be expensive when compared to Treasuries, falling well below the average of 85% for 10-year munis,” said Jason Wong, vice president of municipals at AmeriVet
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The lunar mission that was to have returned the US to the Moon for the first time in 50 years appeared to be in jeopardy after a failure in the propulsion system resulted in a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers. Spirit, which built the door panel that blew out
Stay informed with free updates Simply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox. Not all aeroplane malfunctions can take more than 8 per cent off of two companies’ market capitalisations in a day. Boeing isn’t just any manufacturer, however; it’s been less than five years after
Rishi Sunak on Monday set out what Tory MPs dubbed a “1992 election strategy”, as he warned voters not to risk derailing a nascent economic recovery by putting the Labour party into office. The UK prime minister said the Conservatives, who have presided over years of political upheaval, could provide “peace of mind” for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The most talked-about holiday TV viewing in Britain was not a Hollywood blockbuster or a Netflix fantasy drama. It was a dramatisation of the real-life scandal of hundreds of sub-postmasters wrongly accused by the Post
Fitch Ratings assigned A, BBB-plus and BBB ratings and a stable outlook to three tranches of bonds totaling up to $3 billion the Alameda Corridor Transportation Authority plans to price as part of a tender offer and debt restructuring plan. The authority operates a 20-mile freight rail corridor primarily along Alameda Street that transports goods
A deal on overall fiscal 2024 federal spending hammered out by Congressional leaders would claw back another $6.1 billion of pandemic funds, most of which appear to be from the Department of Health and Human Services. With a partial government shutdown looming, House Speaker Mike Johnson, R-La., and Senate Majority Leader Chuck Schumer, D-N.Y., agreed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On Friday, passengers on Alaska Airlines flight 1282 were subjected to the terrifying ordeal of watching a piece of the 737 Max 9 aircraft they were on tear away, leaving a gaping hole in its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So much for Boeing’s comeback year. Five days into the new year Dave Calhoun, head of the US aerospace group, finds himself returning to crisis management. On Friday, an unused emergency exit door — known
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French President Emmanuel Macron was expected to name a new prime minister after accepting the resignation of Élisabeth Borne, as he seeks to inject new energy into a government weakened by repeated battles in parliament
The state of Illinois is preparing to issue $600 million in new Build Illinois junior sales tax revenue bonds — 2024 Series A, B and C — in a competitive auction next week. “Illinois enters the market as cash needs for projects arise,” said Olivia Kuncio, senior deputy press secretary to Gov. JB Pritzker. Rebuild
A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices dropped sharply on Monday as Saudi Arabia’s decision to cut its official selling price for oil exports in February overshadowed heightened tensions in the Middle East. Brent crude, the international oil benchmark, fell 3.9
The top municipal underwriters saw big shifts in rankings in 2023. The changes reflect a year of layoffs at several Wall Street firms, including the October decision by UBS to exit the negotiated underwriting business and Citigroup, which also exited the muni underwriting business, in November. The industry has weathered its second year of declining volume that increased competition for
California headlined the top 10 issuers in 2023. Half of the top 10 issuers were new entrants — the California Community Choice Finance Authority, Main Street Natural Gas, Washington, the Texas Natural Gas Securitization Finance Corp. and Illinois — as Massachusetts, the Regents of the University of California, the Louisiana Local Government Environmental Facilities and
Of the $312.508 billion of par issued, municipal financial advisors saw $312.178 billion of business in 5,531 transactions in 2023. This compares to the $305.035 billion in 5,934 deals in 2022, out of a total of $305.149 billion. Caine Mitter & Associates and RBC Capital Markets moved into the top 10, while Piper Sandler &
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday and Friday Let’s be honest. Chris Christie has been a
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Blackstone Group has raised $1.3bn for a private equity fund tailored to wealthy individual clients, signalling a revival of momentum in its efforts to reach investors beyond its base of institutions such as pension funds.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has backed calls for a review into whether Paula Vennells, former Post Office chief executive, should be stripped of her CBE as outrage grows over the Horizon IT scandal. The UK prime minister’s