Florida continues to work to reduce its debt load, offering a tender to holders of $1.4 billion of bonds, nearly 10% of its par outstanding, using its own cash without the sale of refunding bonds. Issuers have turned to tenders since the Tax Cuts and Jobs Act of 2017 eliminated the tax-exempt advanced refunding option.
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company. The Omaha-based conglomerate purchased roughly 3.6 million shares
Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots. The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds of bar codes embedded in the floors. Residents who pull into one
Third quarter trade count this year has remained steadily above the one million mark, a trend that the Municipal Securities Rulemaking Board said could be a fundamental change in the market after a few less than consistent years. Trade counts increased 13% compared to the third quarter of 2023 and year-to-date average daily trade count
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House I never used to look at airline route maps too closely. But now, when I journey from one peaceful country to another, I take a keener interest in where exactly we are
Muni advocates are gearing up for a contentious tax fight next year, particularly if Kamala Harris should prevail in the presidential election, as Congressional Republicans are already digging in with a nationwide tour preemptively attacking the tax policies of the current Vice President. On Tuesday, Rep. Jason Smith R- Mo., Chairman of the House Ways
Pippa Stevens | CNBC GREENPORT, N.Y. – Roughly 35 miles off the east coast of Montauk, New York, 12 turbines gently spin in the wind at Orsted’s newly developed South Fork Wind farm. The project, which connected to the grid earlier this year, is the first commercial-scale offshore wind farm in the U.S., providing enough
Cook County, Illinois, officials released a $9.89 billion executive budget recommendation Thursday, after saying in a press briefing Wednesday that the nation’s second-most populous county will see no new taxes or layoffs. Cook County Board President Toni Preckwinkle said 56 open positions are being cut. The eliminated positions were ones the county anticipated filling with
The Equitable School Revolving Fund LLC., a first-of-its-kind loan pool for charter schools, will hit the market next week with $300 million of A-rated social bonds. The deal, set to price Wednesday, marks the sixth borrowing for the fund, said Equitable Facilities Fund CEO and founder Anand Kesavan. Its most recent deal came last November
In this article MCD O T Follow your favorite stocksCREATE FREE ACCOUNT A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images Investors looking for steady income amid the ongoing geopolitical tensions in the Middle East and economic uncertainty can consider adding
Enjoy complimentary access to top ideas and insights — selected by our editors. Remembered for his positive and cheerful attitude and willingness to pitch in wherever needed, retired Bond Buyer reporter and municipal market fixture Harold “Chip” Walter George Barnett, Jr. died on Monday. He was 67. Barnett suffered from pulmonary fibrosis, “a disease related
Investor demand for bond insurance remained strong during the first three quarters of 2024 as the amount of debt wrapped by bond insurance rose 26.8% year-over-year. Municipal bond insurers wrapped $28.921 billion in the first three quarters 2024, an increase from the $22.814 billion insured in the first three quarters of 2023, according to LSEG
In this article STZ ABI-BE Follow your favorite stocksCREATE FREE ACCOUNT Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Modelo cans have become part of the fabric of events for Rio Riojas’ family and community in Lansing,
David Hester inspects damages of his house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. Chandan Khanna | Afp | Getty Images It’s crucial to understand how to file a homeowners insurance claim after a natural disaster. Insured losses alone for Hurricane Helene are now estimated at more than $6
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. DP World has shelved an announcement of a £1bn cash injection into its main London port on the eve of the UK’s international investment summit, triggering a row between ministers over who was to blame.
After outperforming the larger weakness in U.S. Treasuries over the past week, municipals played some catch up Friday seeing pressure across the curve ahead of holiday-shortened, but still heavy supply week. Triple-A yields rose two to five basis points while Treasuries were stronger 10-years and in, to close out a week of more mixed economic
James McIntire, who served two terms as Washington state treasurer, died in August. He was 71. The cause was an aggressive and rare form of prostate cancer, his wife, Christina Koons, told the Seattle Times. An economics student and later professor at the University of Washington, McIntire’s first step into government service was as a
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. In a Thursday night filing with the
Mobile homes surrounded by flood water after Hurricane Milton made landfall, in St. Petersburg, Florida, U.S. October 10, 2024. Octavio Jones | Reuters If your home is temporarily uninhabitable after a natural disaster, a provision in your homeowners or renters insurance policy may help you with new lodging and other living expenses. Insured wind and
The Florida Hurricane Catastrophe Fund remains in “very good position” after Hurricane Milton, according to the head of Florida’s Division of Bond Finance. But, Ben Watkins on Thursday noted that only modeled losses are available for Hurricane Helene, which hit in late September, and no figures have been advanced for Milton yet. The CAT fund
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