The Municipal Securities Rulemaking Board announced Friday that Meredith Hathorn will be its next chair of the board on the same day that the Securities and Exchange Commission announced the withdrawal of the board’s controversial fee proposal and the MSRB submitted a new version. Hathorn is a managing partner at Foley & Judell in Baton
July municipal bond issuance dropped 32% year-over-year, with many issuers holding back as they awaited the Federal Reserve’s latest rate hike. The smaller figure was led once again by dramatic drops in taxable and refunding volumes. Total July volume was $25.598 billion in 520 deals versus $37.573 billion in 1,013 issues a year earlier, according
Minnesota has a trio of triple-A general obligation ratings after Moody’s Investors Service upgraded the state to Aaa from Aa1 on Thursday. The rating agency cited the state’s financial condition, governance, and “high degree” of flexibility to raise revenue and adjust spending for the upgrade, which comes ahead of an approximately $591.5 million new money
Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets
New York City’s issuance of $22 million of special obligation revenue-backed bonds next week is just the latest in a series of deals that local officials hope will help address the future educational needs of a growing and increasingly youthful urban population. The bonds are slated to be priced by Robert W. Baird & Co.
Marlies Jakob was one of dozens of ordinary Germans who took part in a phone-in show on Deutschlandfunk radio last week about sanctions against Russia. Her intervention should alarm policymakers from Paris and Brussels to Berlin. Jakob said she was prepared to take cold showers and wear three sweaters in winter if that would stop
In this video, we will be talking about a few tips and wisdom nuggets on how to grow your small account. Growing a small account is a bit different from a large account. I have already filmed tips on growing small accounts and in this video, we will go a bit deeper. Check out my
Tracey Ryniec and Neena Mishra take a look at two highly ranked stocks. WW: https://www.zacks.com/stock/quote/WW?cid=CS-YOUTUBE-FT-VID Target: https://www.zacks.com/stock/quote/TGT?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
KPMG has accused the management of collapsed UK outsourcer Carillion of concealing information from its auditors and of doctoring financial documents provided to the firm to make them more “audit friendly”. The Big Four firm denied it was responsible for £1.3bn of losses claimed from it in a negligence action by liquidators for Carillion, which
Bitcoin (BTC) saw fresh volatility after July’s final Wall Street open as highs north of $24,000 remained solid resistance. Resistance strikes BTC at $24,000 Data from Cointelegraph Markets Pro and TradingView reflected bulls’ continuing struggle as BTC/USD lurched around the $24,000 mark on July 29. The pair had attempted to match the week’s local top of
Former Treasury Secretary Lawrence Summers said he was concerned the Federal Reserve is still engaging in “wishful thinking” about how much it will take to bring inflation down from four-decade highs. “Jay Powell said things that, to be blunt, were analytically indefensible,” Summers said on Bloomberg TV. “There is no conceivable way that a 2.5%
As environmental disclosure becomes increasingly important to municipal investors, a new snapshot of U.S. cities sheds light on hundreds of infrastructure projects planned by the cities to mitigate climate exposure. The U.S. Infrastructure Snapshot Report is produced by nonprofit CDP, which runs an annual environmental disclosure platform for companies, cities, states and regions. The report
In this article ROKU AMZN AAPL People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of
zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to outpace Visa in terms of transaction throughput, said Polygon co-founder Mihailo Bjelic in a recent interview with Cointelegraph. Polygon recently claimed to be the first to implement a zkEVM scaling solution, which aims at reducing Ethereum’s transaction costs and improving
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Just one day after the Federal Reserve raised its benchmark
The graph was a notable mover in Friday’s session, as the token rallied to a multi-week high. Prices rose by as much as 16% in today’s session, with chainlink also seeing its price climb by a double-digit percentage. Overall, the global crypto market cap is up 1.92% as of writing. The Graph (GRT) The graph
American holidaymakers lucky enough to make it abroad this summer may find themselves pleasantly surprised by the might of the dollar — up 10 per cent this year against other major currencies. Cheap ice creams on the beach await. But this strength is bad news, and a side-effect of the US having both a serious
Bitcoin (BTC) may already be beginning its new macro uptrend if historical “hodl” habits repeat. That was the conclusion from research into the latest data covering the amount of the BTC supply dormant for one year or more as of July 2022. Hodled BTC hints that the bear market is over According to independent analyst
The Manhattan sales market has slowed down. Compared to last year, contracts signed in May, June, and July are down an average of 25%. The prime reasons for this: rising mortgage rates, increasing inflation, and recessionary fears. No matter the cause, the drop in volume has forced sellers to compete on price. As a result,
Foreign secretary Liz Truss was prepared for former chancellor Rishi Sunak to take her on this week in the television debates about the race to be Britain’s next prime minister, but not with such ferocity. “For the TV debates we prepared for three scenarios: that he went on the attack, that he was Mr Patronising,