A “sophisticated” cyber security attack compromised the closing of a recent Michigan township competitive deal to finance a Civic Center project, according to township officials. White Lake Charter Township, Michigan, sold $29 million of limited tax general obligation bonds, Series 2024B, to Baird on Oct. 31. On the Nov. 21 closing date, the township learned
<img src=”https://public.flourish.studio/visualisation/20648548/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds were little changed in secondary trading as the focus shifted to the primary market amid several large deals while municipal bond mutual fund inflows topped $1 billion. U.S. Treasuries were mixed and equities ended in the red. Lipper reported fund inflows of $1.154 billion for the week
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world A US judge has rejected Boeing’s guilty plea agreement stemming from twin crashes of the 737 Max, citing diversity, equity and inclusion considerations in selecting a monitor to oversee compliance. Judge Reed O’Connor
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 came out fighting against opposition parties who he said “chose chaos” by bringing down his premier in a historic no confidence vote, vowing not to step aside before the end of
PREPA says it has only enough money to pay pensions through March. The performance and financial condition of the Puerto Rico Electric Power Authority, its generation operator Genera and its transmission and distribution operator LUMA have raised concerns, by the entities themselves as well as outside observers in the past few weeks. PREPA said it
“Do I lay awake at night worrying about the debt and the deficit of U.S. government right now?” said Jay Bryson, chief economist at Wells Fargo. “No, I don’t, largely because there’s no alternative to Treasury securities. They are the deepest, most liquid, transparent financial market in the world.”Wells Fargo Economists are figuring out the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has received a bid from Covalis Capital that would see France’s Suez flown in to help manage a break-up of the UK’s largest water utility before listing it on the stock market. The
“I think it’s important for the muni industry to be well represented within the Treasury and the federal government,” said Kent Hiteshaw, who held the position prior to Moye. ”There are few other federal agencies where we have any direct input, and this may be particularly timely in light of the anticipated tax bill next year.” The
Feeling shut out of this hot market? Maybe some FOMO — fear of missing out. You’re not alone. The S & P 500 keeps plowing through record highs in the first week of December after November posted the best monthly gains of the year. All that buying, however, has pushed the market into overbought territory,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Marks and Spencer will knock down its flagship art deco store on London’s Oxford Street after it received approval from UK housing secretary and deputy prime minister Angela Rayner. The retailer said it had secured
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Detectives in New York are investigating inscriptions of “deny”, “defend” and “depose” on bullet casings left at the scene of the murder of the UnitedHealth Group executive Brian Thompson, according to a person familiar with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Labour party will not have to apply for a renewal of its lease on power until eight months after the end of Donald Trump’s second term as US president. Or, to put it another
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The number of individuals being taxed at 60 per cent on part of their earnings has risen by almost half in two years, new figures seen by the Financial Times show. The numbers, revealed by
A novelty Bitcoin token arranged in front of the price of the cryptocurrency against the US dollar, reaching over $100,000, in Hong Kong, China, on Thursday, Dec. 5, 2024. Paul Yeung | Bloomberg | Getty Images Bitcoin‘s long-awaited push above $100,000 comes during the culmination of a year in which the leading cryptocurrency was embraced
Longtime Washtenaw County, Michigan treasurer Catherine McClary, who died Dec. 2, was well-known in Midwest public finance circles for her activism and ability to pilot innovative policies later adopted by other counties.Washtenaw County, Mich. Longtime Washtenaw County, Michigan treasurer Catherine McClary was remembered this week as a trailblazer, role model and prominent voice for social
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French Prime Minister Michel Barnier has resigned after his government was ousted by MPs in a vote of no confidence. The Élysée said on Thursday Barnier had handed in his resignation but that President Emmanuel
Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024. Yuki Iwamura | Bloomberg | Getty Images Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell.
This article was featured in the One Story to Read Today newsletter. Sign up for it here. Resistance is not futile, although it might seem that way at the moment. No major protests are set to descend on the National Mall. Legal challenges to Donald Trumps policies are likely doomed, given how far rightward the
Share Tweet By Tr Goins-Phillips Editor December 4, 2024 Not to be outdone by Christians, a group of self-described “non-theistic satanists” are offering elementary-age students at a public school in Ohio the chance to participate in a class hosted by The Satanic Temple. The program, named “Hellion Academy of Independent Learning,” or “HAIL” for short,
Share Tweet By Billy Hallowell Editor December 3, 2024 Is artificial intelligence (AI) ethical? That’s the question secular and Christian leaders alike are contending with as technology quickly evolves. Listen to the latestepisodeof Quick Start ? Andre Echevarria, leader of U.S. digital strategies at Cru, a large Christian ministry formerly known as Campus Crusade for
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