Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from Joe
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Employee-owned international broker-dealer Baird has added depth to its newly launched California Public Finance group with the addition of Alex Boutyrski. Boutyrski, who joins as senior vice president in the Los Angeles office, has more than 10 years of public finance experience. He will work with John Baracy, a Baird managing director, who the firm
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has kept UK interest rates on hold at 5.25 per cent, pushing sterling lower as the central bank signalled it is edging closer to cutting borrowing costs. Governor Andrew Bailey said
State tax revenue collections are softening and some are even negative compared to a year earlier, analysts say. “Most states are now grappling with weakened tax revenues and growing uncertainties, particularly related to the presidential election, potential federal policy changes, and geopolitical crises,” said Urban Institute Principal Research Associate Lucy Dadayan. “Overall, growth in state
Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Federal Reserve officials indicated on Wednesday that they still expected to cut interest rates by 75 basis points this year, a sign of confidence that inflation is cooling sufficiently to reduce borrowing costs. The
Municipals were weaker Wednesday with the largest losses on the front end, leading to muni to UST ratios rising slightly there as a result of a firmer U.S. Treasury curve10 years and in, while equities rallied after the Federal Open Market Committee kept rates unchanged. Treasury bonds rallied after the announcement as the market interpreted
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control. The consumer prices
The municipal primary market was active Tuesday while triple-A scales were little moved despite U.S. Treasury gains ahead of the Federal Open Market Committee meeting conclusion Wednesday. Various large new-issues were well-received and cleared the market Tuesday, with several repricing to lower yields. Despite several larger deals entering the primary, the large amounts of cash
Republican presidential candidate and former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on Feb. 20, 2024. Justin Sullivan | Getty Images Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves, the shadow chancellor, will on Tuesday set out new rules pledging that a Labour government would aim to borrow only to invest as part of an agenda to inject greater “stability” into policymaking.
The Puerto Rico Oversight Board’s proposed Puerto Rico Electric Power Authority plan of adjustment is in the hands of U.S. District Court Judge Laura Taylor Swain, while some observers expect an appeals court to overturn rulings underlying the plan, which would force a revision. After final oral arguments were made Monday, Swain said she would
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe’s investment banks have cut bonuses for a second straight year following a prolonged slump in dealmaking and listings that is now finally showing signs of ending. Deutsche Bank and BNP Paribas have
The number of Federal Reserve rate cuts expected this year has dwindled and the first one isn’t likely before June, analyst said, as inflation numbers continue to come in hotter-than-expected. While the market was initially expecting six or seven 25 basis point cuts this year, Gary Quinzel, vice president of portfolio consulting at Wealth Enhancement
Chris Wattie | Reuters Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia has unveiled its latest artificial intelligence chips, which the company claims are far more powerful than its existing market-leading hardware, as it sets its sights on extending its domination of the burgeoning industry. Chief
Municipals were slightly weaker by a few basis points Monday as the New York Metropolitan Transportation Authority offered $1.3 billion of revenue refunding green bonds to retail investors. U.S. Treasury yields rose ahead of the Federal Open Market Committee meeting and equities ended the session up. In the primary market Monday, Jefferies held a one-day
Stay informed with free updates Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox. Western nations have condemned Russia’s presidential election as violating “civil and political rights”, as the EU moved to impose new sanctions on Moscow in response to the death of opposition leader Alexei Navalny. This weekend’s
Dealers are stepping up lobbying efforts and bringing the Municipal Bonds for America Coalition, a group headed by Bond Dealers of America, back into view as the tax debate begins again. The coalition, comprising investors, underwriters, municipal advisors, insurers and bond counsel has pounced on the idea of tax reform after President Biden made tax
In this article CRWD NKE BJ Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the CrowdStrike Holdings, Inc. logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Investors’ worries about the prospect of higher-for-longer interest rates have made a comeback, pulling the major averages lower