Today In The Markets

When it comes to the dangers triggered by climate change, the city of Miami isn’t so much in the eye of the storm as at its bullseye. Rising temperatures routinely broil Miami during the summer. Last year, the local heat index was over 100 degrees for a record-shattering 46 straight days. Sea levels have jumped

While many have traditionally viewed the municipal bond market as lagging technological innovations in other markets, Artificial Intelligence appears poised to change the game. “I do think that artificial intelligence is going to completely transform this market in every way, shape or form, everything from credit to trading,” said Barnet Sherman, professor, multinational finance &

The New York City Employees’ Retirement System will invest up to $60 million in affordable housing units, part of a public-private partnership taking over loans on nearly 35,000 units left behind after Signature Bank collapsed last year, Comptroller Brad Lander announced Tuesday.  “This investment will — in addition to preserving those 35,000 units, over 80%

Morgan Stanley continues to beef up its muni team with two more key hires. Dan Tomson, Citi’s former co-head of Municipal Banking and Public Finance, and David Stephan, a former J.P. Morgan executive director, have joined the firm. These hires come a few months after Morgan Stanley hired four former Citi public finance employees, three

Mayor Brandon Johnson’s administration feels Chicago is being unfairly rated solely on its pension liability, despite its sizable population and what it calls the most diversified economy of any major U.S. city.  Those are some of the takeaways from the 2024 Chicago Investors Conference, held on Friday at the Chicago Cultural Center in the Loop.