Municipals were slightly firmer Wednesday as the New York City Transitional Finance Authority came to market with a $1.8 billion deal with small bumps from its retail offering and inflows into exchange-traded funds topped $1 billion. U.S. Treasuries and equities rallied following the consumer price index report that came in softer than expected. April’s CPI
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Local leaders are already looking toward reauthorization of federal infrastructure funds as the Biden administration’s infrastructure law nears its halfway point with a focus on preserving the law’s substantial direct funding to cities, counties and regional governments as well as strengthening assistance to smaller entities that have faced challenges snagging some of the grant funding.
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John Sheldon, a veteran broker-dealer, was appointed deputy treasurer of public finance by California Treasurer Fiona Ma. Ma announced Tuesday Sheldon had been named to replace Juan Fernandez, who retired in late February. Sheldon, who has more than 30 years of experience, was sworn in on Tuesday. “This position requires an experienced financial practitioner with
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Houston Mayor John Whitmire proposed a fiscal 2025 budget Tuesday that uses remaining federal pandemic funding to fill a $160 million structural gap and accommodate higher spending, while he puts “everything on the table” to come up with a recurring solution heading into fiscal 2026. Whitmire, who took office in January, said the $6.7 billion
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Brightline West is providing a road map for rail projects looking for federal funding as their planned route from Los Angeles to Las Vegas includes union labor, train sets built in the U.S. and teaming up with Uncle Sam to get the financing done. “Governments have a superpower as it relates to expediting these projects,”
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Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
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Americas young voters are fired up about the war in Gazaarent they? Campus protests and the controversies around them have dominated media attention for weeks. So has the possibility that youth anger about the war will cost President Joe Biden the election. Joe Biden Is Losing Young Voters Over Israel, a USA Today headline declared
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WASHINGTON Millions of dollars from US pension funds including those of New York’s police officers and firefighters are likely invested in ByteDance, the Chinese-controlled parent company of TikTok that is under a standing order from Congress to sell off the popular social media platform or face its banning. The non-profit investment-watchdog group Future Union has
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Yacht-see! Meta boss Mark Zuckerberg reportedly flew to Panama to celebrate his 40th birthday — where the billionaire’s alleged brand-new $300 million superyacht was docked. Zuckerberg, who has been linked to the 387-foot-long vessel called Launchpad for months but has never publicly confirmed whether he is the owner, traveled to the Central American nation on
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Standard Digital Weekend Print + Standard Digital wasnow 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+
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Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. 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
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