Municipals were little changed in secondary trading Tuesday as the primary market took focus with a slew of deals, led by a $1.9 billion Novant healthcare revenue bond deal in the negotiated market and a general obligation sale from gilt-edged Delaware. U.S. Treasuries were weaker, and equities sold off. Municipals were cut up to two
In this article CURA-CA MSOS Follow your favorite stocksCREATE FREE ACCOUNT Trade Roots, a Wareham-based Cannabis dispensary grows cannabis plants for making CBD with THC in their greenhouse, and manufactures CBD products for sale in their shop and distribution to buyers. John Tlumacki | Boston Globe | Getty Images Cannabis stocks leapt on Tuesday afternoon,
Stay informed with free updates Simply sign up to the Gig economy myFT Digest — delivered directly to your inbox. Deliveroo, Just Eat Takeaway and Uber Eats have agreed to conduct direct checks on all UK riders’ immigration status after coming under pressure from ministers to tackle illegal working and exploitation in the sector. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scotland’s former first minister, Labour’s Lord Jack McConnell, used to say “do less, better”. The trouble for his successors from the Scottish National party, their critics say, is they have been doing plenty, badly. Independence,
The Financial Industry Regulatory Authority has fined RBC Capital Markets $15,000 for violating Municipal Securities Rulemaking Board Rules G-15 on confirmation, G-8 on books and records and G-27 on supervision for their role in sending incorrect confirmations on municipal securities transactions. Municipal securities violations represent only a portion of the transactions FINRA highlighted in its
In this article GSBD Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2024. Brendan Mcdermid | Reuters The volatility in the bond market has had equity investors on their toes for months, but at what point will rising
Transportation Secretary Pete Buttigieg outlined for House lawmakers Tuesday the administration’s priorities heading into the new fiscal year, ranging from shoring up infrastructure to prevent collapses like the Francis Scott Key Bridge to supporting “massive and forward-thinking” projects like high-speed rail and a bulging pipeline of large transit projects. Buttigieg appeared before the House Appropriations
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the EV
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has struck a deal with the Saudi Arabian government to open a multi-class investment firm in Riyadh, anchored by a $5bn mandate from the kingdom’s Public Investment Fund. BlackRock Riyadh Investment Management will be
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s prime minister vowed on Tuesday to push ahead with an offensive in the Gazan city of Rafah whether or not a ceasefire deal is reached with Hamas, as he held urgent talks with ministers
In the autumn of 2020 at the height of the coronavirus pandemic, Australian mining behemoth BHP completed a relatively small oil deal in the Gulf of Mexico, buying out minority partner Hess Corporation. In hindsight, the $505mn transaction marked BHP chief Mike Henry’s nascent acquisition drive. This ambition culminated with the biggest takeover approach in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. House Democrats have said they would kill a right-wing effort to oust Republican Mike Johnson as the chamber’s Speaker, in a display of bipartisanship that comes after he defied members of his own party to
Kansas Gov. Laura Kelly’s veto of expansive tax cut legislation barely fended off an override, which fell short by one vote in the Senate after easily passing the House. House Bill 2036, which cleared the Republican-controlled legislature in April with hefty majority votes, included changes to income, sales, and property taxes that would result in
The new bipartisan bill that would provide the Federal Aviation Administration with reauthorization and $105 billion in appropriations through 2028 would also provide $19.35 billion in airport infrastructure improvement grants to fund the nation’s 3,300 airports. The 1,069 page bill is the culmination of eight hearings over the last year or more and also authorizes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The race to be the next first minister of Scotland and leader of the Scottish National party has whittled down to two likely candidates as the governing nationalists look set to see off an opposition
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has been found in contempt of court and fined $9,000 for repeatedly attacking potential witnesses and jurors in his Manhattan “hush money” case, in violation of a gag order imposed on the former
Lance Tyson has joined Greenberg Traurig, LLP’s Chicago public finance and infrastructure practice as counsel, bringing a broad range of experience representing and working for local governments. Having worked as chief of staff to the Cook County Board president and legislative counsel to then-Chicago Mayor Richard M. Daley, run for office as the Democratic Party’s
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The proportion of human beings living on the margin of subsistence is estimated to have fallen from close to 80 per cent in 1820 to just under 10 per cent in 2018. What makes this
As earlier threatened, the Food and Drug Administration (FDA) has just issued new rules that will significantly slow down the development of new diagnostic tests. Specifically, the agency requires that all laboratory-developed tests (LDTs) be submitted to its regulators before the tests can be offered to patients and physicians. As I explained earlier, LDTs are
On Friday, an Israeli airstrike in Gaza City killed the daughter and grandson of the prominent Palestinian poet Refaat Alareer, who was killed in an Israeli airstrike in December. Shaima Refaat Alareer died Friday along with her husband and 2-month-old son. Shaima had recently written a message on Facebook addressed to her late father, writing,
Southwest Airlines said it had launched a compensation program for flight delays as part of a $140 million Department of Transportation settlement over the carrier’s meltdown in December 2022 during a busy holiday travel period. Southwest in December 2023 agreed over three years to provide $90 million in travel vouchers of $75 or more to passengers delayed at least three