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Municipals were steady to firmer in spots, while U.S. Treasury yields fell and equities were mixed toward the end of the session. Triple-A benchmarks were bumped up to three basis points, depending on the curve, while UST yields fell up to five basis points, pushing all tenors to year-to-date lows. “The muni market underperformed against
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The authority that runs Guam’s lone commercial airport is pricing a $62.4 million Baa2-rated deal that will fund a tender offer of some of its outstanding taxable bonds Tuesday. The Antonio B. Won Pat International Airport Authority is the issuer. Barclays is the underwriter and Montague DeRose and Associates is the municipal advisor. Guam’s airport
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In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT A view of Oracle’s headquarters in Redwood Shores, California, on Sept. 11, 2023. Justin Sullivan | Getty Images Oracle chairman and co-founder Larry Ellison had a “bizarre” announcement to make this week. The electricity demand from artificial intelligence is becoming so “crazy” that Oracle is
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With a junk bond credit rating, 19 tax hikes in 11 years, and a $250 million deficit, Ed Rendell took control of a troubled city in 1992. When Rendell became Philadelphia’s mayor, after two terms as its district attorney, the city was in a financial crisis. The city had persistent deficits and entrenched political patronage;
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Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Former president Donald Trump is safe after what the FBI is investigating as an apparent assassination attempt against him in Florida. The agency said in a statement on Sunday that it “has
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The NAFOA, founded as the Native American Finance Officers Association, announced that Cory M. Blankenship will take over the helm as the organization pushes the Tribal Tax & Investment Reform Act, which would free up tribal bond issuance.   “NAFOA has been working with Congresswoman Gwen Moore D-Wisc. and Congressman David Schweikert’s R-Ariz. offices to help
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The muni bond market grew in the second quarter as ownership by household and exchange-traded funds grew, while U.S. banks and insurers continued to reduce their holdings, the latest Federal Reserve data shows. The face amount of munis outstanding ticked up to $4.129 trillion, a 1.1% increase from the first quarter of this year and
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In this article IMXI Follow your favorite stocksCREATE FREE ACCOUNT Oscar Wong | Moment | Getty Images Company: International Money Express (IMXI) Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It
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After just 20 months on the job, Federal Highway Administration head Shailen Bhatt has departed for the private sector. Bhatt announced Thursday that he’s taken a position at Montreal-based engineering services firm AtkinsRéalis. He joins as senior vice president and chief operating officer for the U.S., Latin America and Minerals & Metals. Current FHWA Deputy
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Municipals were lightly traded and little changed Friday ahead of a much smaller calendar and the Federal Open Market Committee meeting during which the first rate cut in four years is expected. U.S. Treasuries and equities closed out a volatile week in the black. Triple-A muni yields barely budged across the yield curve while USTs
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In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the
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