Many muni market thought leaders were caught off guard by the weekend congressional action that averted a government shutdown by way of enlisting help from House Democrats. “I was surprised,” said Brett Bolton, V.P., federal legislative and regulatory policy, Bond Dealers of America. “Not surprised that the Speaker took the measure he took, but waiting to
The Sphere is seen during its opening night with the U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas on Sept. 29, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines in midday trading. Sphere Entertainment — Shares of the media and entertainment company climbed 10%
The Municipal Securities Rulemaking Board dives into FY 2024 with a new budget of $47 million, a 4.8% increase from the previous year. The board kicks off the year with a new request for comment on Rule G-12 on uniform practice, a step towards their goal of retiring 20% of their total interpretive guidance, in
As you near retirement, you may wonder: Should I rent or own? Which is the best financial decision? With today’s home prices soaring and the highest mortgage rates in nearly 20 years, buying your retirement home may be a disaster for your financial security. On the flip side, if you plan to retire in your
Receive free US Treasury bonds updates We’ll send you a myFT Daily Digest email rounding up the latest US Treasury bonds news every morning. US Treasury yields climbed to a new 16-year high on Monday, as a global bond rout resumed following a brief reprieve at the end of last week. The benchmark 10-year Treasury
Oklahoma City is looking at short-term financing for an at least $900 million arena for the National Basketball Association’s Thunder if voters approve the continuation of a one-cent sales tax for six years. The city council last week set a Dec. 12 election on the tax and approved a letter of intent with the team,
Officials in New York and Pennsylvania expressed their satisfaction with bond sales recently brought to market. New York State Comptroller Thomas DiNapoli said the state sold $572.72 million of general obligation bonds on Sept. 27 that received orders of $1.6 billion, or 2.8 times oversubscribed after a one-day retail order period and institutional pricing. Rain
Former President Donald Trump, right, sits in the courtroom at New York Supreme Court, Monday, Oct. 2, 2023, in New York. Seth Wenig | AP The $250 million civil fraud trial that could see former President Donald Trump permanently banned from doing business in New York began Monday. The trial comes a year after New
The MSRB’s annual budget, published at the beginning of our fiscal year, provides the organization with the resources necessary to advance our mission of protecting investors and issuers and promoting the fairness and efficiency of the $4 trillion market that ensures access to capital for communities across the country. For fiscal 2024, the Board approved
Receive free Conservative Party UK updates We’ll send you a myFT Daily Digest email rounding up the latest Conservative Party UK news every morning. Jeremy Hunt, UK chancellor, has announced a £1bn plan to squeeze civil service numbers. Hunt told the Conservative party conference in Manchester he would freeze recruitment to the civil service, which
Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued. BTC/USD 1-day chart. Source: TradingView Analyst wary of Bitcoin “upside wick” fakeout Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session. The largest cryptocurrency
Investment management firm VanEck is set to launch its Ethereum Strategy ETF on Oct. 2, with the product now listed on its website under the ticker EFUT and set for trading on the Chicago Board Options Exchange (CBOE). The VanEck Ethereum Strategy exchange-traded fund (ETF) will look to accrue capital by investing in Ether (ETH) futures
Receive free International Monetary Fund updates We’ll send you a myFT Daily Digest email rounding up the latest International Monetary Fund news every morning. The fiscal cost in effect of tackling climate change could put public debt in large carbon-emitting countries on an “unsustainable” path without a tax on pollution, the IMF has warned. In
The Canadian Bitcoin (BTC) mining firm Bitfarms has been actively scaling operations, significantly increasing the amount of mined BTC last month. Bitfarms mined a total of 411 bitcoins in September 2023 up 7.3% from the amount mined in previous month, the company announced in its latest mining updated on Oct. 2. Out of 411 BTC
Check out the companies making headlines before the bell: Rivian Automotive — Shares popped 3.3% in the premarket. Evercore ISI upgraded Rivian Automotive to outperform from in line, and raised its price target, saying the electric truck maker could be the next Tesla and BYD. The Sphere is seen during the opening night with U2:UV
Following the clearance of the first Ethereum (ETH) futures exchange-traded fund (ETF), Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF. The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in
Receive free Indian politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Indian politics & policy news every morning. Welcoming Narendra Modi to Washington in June, Joe Biden said: “There’s an overwhelming respect for each other because we’re both democracies.” The joint statement issued by the US and
The American dream of homeownership has historically been symbolic of financial success. But for millennials burdened by student loan debt, it feels more elusive than ever now as student debt payments resume. While some millennials were able to cross the finish line to homeownership when mortgage rates were at record lows during the pandemic. First-time
America’s shale pioneers have vowed to keep a lid on drilling even if oil hits $100 a barrel, citing a need to maintain capital discipline and what they claim is a “war” on fossil fuels waged by the Biden administration. The price of Brent crude has surged by more than 25 per cent to $95
Receive free Renewable energy updates We’ll send you a myFT Daily Digest email rounding up the latest Renewable energy news every morning. Renewable energy stocks have sold off sharply in recent months, significantly underperforming fossil fuel companies, as higher interest rates take a toll on the sector. The S&P Global Clean Energy Index, which is
Sam Bankman-Fried will face his first day in court over a litany of charges less than a year after the calamitous collapse of cryptocurrency exchange FTX. The former CEO of the bankrupt exchange is set to face 21 days in court during his criminal trial scheduled from Oct. 4 to Nov. 9. Bankman-Fried has been