Remains of Karen Bagnard’s Altadena, California, house after it burned in the January 2025 Los Angeles-area wildfires. Courtesy: Chelsea On the night of Jan. 7, Karen Bagnard sat in her Altadena, California, house in the dark. Forceful winds had caused her home to lose power, and she also had no running water, save for one
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has told lawmakers he wants to end the special tax treatment of private equity and hedge fund profits known as “carried interest”, setting up a potential clash with America’s wealthiest financiers.
A new MARTA train is shown off in a special event Jan. 30 at the system’s Lindbergh station.MARTA The Metropolitan Atlanta Rapid Transit Authority is coming to market with a triple-A-rated negotiated sale of green bonds to refund issuances from 2020 and 2021 while also financing a major upgrade to its rolling stock. “When I
Trade tariffs are widening the divergence in monetary policy paths between the US and Europe, according to some economists. Daniele Antonucci, chief investment officer of Quintet Private Bank, said that, given “divergent economic trajectories”, the Bank of England had more incentive to cut in the near term than its US counterpart. The bank would probably
<img src=”https://public.flourish.studio/visualisation/21489373/thumbnail” width=”100%” alt=”chart visualization” /> Munis were firmer Wednesday, underperforming a U.S. Treasury rally in most tenors, while equities ended up. Muni yields were bumped one to eight basis points, depending on the scale, while UST yields fell three to 10 basis points, with the greatest gains out long. Tariffs and trade negotiations have
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Asset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average
Homebuyers are seeing very little reason to get a jump on the all-important spring housing market, even with more listings coming up for sale. Mortgage rates haven’t moved much in the last few weeks, and home prices continue to rise. Mortgage applications to purchase a home last week dropped 4%, compared with the previous week,
“We simply cannot have a situation in which Congress comes together in bipartisan fashion, agrees on a measure, and a president who has taken an oath to faithfully execute those laws, instead picks and chooses among them,” said Sen. Sheldon Whitehouse, the Democratic ranking member of the Environment and Public Works Committee. Confusion caused by
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s plans for the US to take over Gaza have been met with anger and dismay across the Arab world, and raised fears of reigniting conflict in the region. The US president
&lt;img src=”https://public.flourish.studio/visualisation/21471238/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were slightly firmer as U.S. Treasury yields fell and equities rebounded. Muni yields were bumped up to three basis points, depending on the curve, while UST yields fell four to five basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 63%, the
In this article BRK.A SIRI FWONA Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway once again scooped up shares of Sirius XM, boosting its stake in the satellite radio company
The U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high home prices. Now tariffs on building materials are adding even more pressure. Roughly 30% of softwood lumber consumed in the U.S. is imported, largely from Canada. Wallboard, known as
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s 25 per cent tariffs on Canada’s and Mexico’s exports, along with the 10 per cent tariff on China’s, change the world. This is true even though tariffs on the first two
US President Donald Trump signs an executive order to create a sovereign wealth fund with Scott Bessent, US Treasury secretary, left, and Howard Lutnick, chief executive officer of Cantor Fitzgerald LP and US commerce secretary nominee, right, in the Oval Office.Chris Kleponis/Bloomberg President Donald Trump Monday signed an executive order that will start the process
Adobe Stock Terie Gelberg has lived at the Harborside, a retirement community on Long Island’s North Shore, for almost two decades. It was supposed to be the last home for the 99-year-old wheelchair user with memory issues, but plans to sell the bankrupt municipal bond financed facility to a private equity firm threaten to upend her
US President Donald Trump speaks to reporters in the Oval Office of the White House on Feb. 3, 2025, in Washington, DC. Jim Watson | AFP | Getty Images President Donald Trump on Monday signed an executive order that outlines plans to for a government-run sovereign wealth fund to serve as an economic development tool
Vesnaandjic | E+ | Getty Images The cost to rent is coming down faster in some areas of the U.S. than others. Overall, rent affordability is improving thanks to a combination of factors, said Daryl Fairweather, chief economist at Redfin. One is, there’s more supply. “There are more apartments for rent now because there was
New York Gov. Kathy Hochul looks on as Budget Director Blake Washington discusses her budget proposal on Jan. 21.Mike Groll/Office of Governor Kathy Hochul New York Gov. Kathy Hochul is touting targeted tax cuts and one-time cash payouts as part of her $252 billion state budget proposal. “Our budget priorities reflect what New Yorkers expect:
A new wave of economic nationalism has swept across Canada as Donald Trump’s tariffs inspire anger but also a patriotic campaign to “Buy Canadian”. ‘Made in Canada’ signs have popped up in grocery stores, lists of Canadian alternatives to US products are being circulated and comedians are devoting skits on national television to how best
Michigan’s White Lake Township, after a 2024 bond pricing was halted by a hack, is returning to the market to sell the debt.White Lake Township White Lake Township, Michigan, plans to bounce back from the hack that forced it to cancel a bond sale with new bond plans to finance construction of a civic center.
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