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Chicago’s 2025 budget does not materially alter its credit profile, Moody’s Ratings said this week.Bloomberg News Chicago’s 2025 budget that passed the City Council this month will not materially alter the city’s credit profile, Moody’s Ratings said in a Monday statement. The final 2025 budget featured no property tax hike, and received criticism for using
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<img src=”https://public.flourish.studio/visualisation/20935176/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly weaker Tuesday as U.S. Treasuries closed the session a bit stronger while equities were in the black. The two-year municipal to UST ratio Tuesday was at 65%, the five-year at 65%, the 10-year at 67% and the 30-year at 82%, according to Municipal Market
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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. US companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that followed the Covid pandemic. Defaults in the global leveraged loan
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<img src=”https://public.flourish.studio/visualisation/20924481/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Monday ahead of the holidays as U.S. Treasury yields rose and equities were mixed. The two-year municipal to UST ratio Monday was at 64%, the five-year at 65%, the 10-year at 67% and the 30-year at 82%, according to Municipal Market Data’s 3 p.m. EST
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Timon Schneider | SOPA Images | AP Company: Markel Group (MKL) Business: Markel Group is a holding company comprised of different businesses and investments. Its segments include Specialty Insurance, Investing and Markel Ventures. The Specialty Insurance segment includes the company’s insurance and reinsurance capacities within its underwriting operations, as well as insurance-linked securities and all
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The aerial view of San Francisco was taken during better times in 2015 when the city’s tech industry was thriving and commercial rents were skyrocketing.David Paul Morris/Bloomberg San Francisco’s continuing weakened economic trends and deficit spending have resulted in a one-notch downgrade to AA-plus from AAA of its long-term rating and a negative outlook from
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A California hospital during the pandemic in early 2021. Hospital sector recovery from COVID-19 may be turned around by Medicaid cuts under Trump, industry analysts say.Bloomberg News If President-elect Trump’s ideas for healthcare move forward, California’s budget as well its hospitals are likely to face challenges. The Golden State wouldn’t be alone, as the proposed changes
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In this article ARES GLPI WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart Supercenter during Walmart’s multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Investors can benefit by creating a diversified portfolio of growth and dividend stocks, enhancing their overall
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“The whole goal of the bond fund was, ‘how can we further extend economic development,’ said Craig Teamer, director of finance and special projects for the Toledo-Lucas County Port Authority. ”If you’re looking to amplify some additional investment in economic development, a bond fund could be considered, and it’s also could be a revenue stream. There
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Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. Investors poured record amounts into global bond funds this year as they bet on a shift towards easier monetary policy by major central banks. Bond funds attracted more than $600bn in inflows so far this
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Palomar Health’s continuing financial woes caused Fitch to push its ratings further into junk territory.Palomar Health The ratings of troubled Palomar Health, an Escondido-based two-hospital system, took another hit this week, falling further down the Fitch Ratings junk scale as its financial situation worsened. In a Wednesday report, Fitch cited a “significant cyber event that
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In this article RIOT Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Company: Riot Platforms (RIOT) Business: Riot Platforms is a bitcoin mining and digital infrastructure company. It has bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver. It operates a bitcoin-driven
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