The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third rate cut in a row — all together shaving a full percentage point off the federal funds rate since September. For consumers struggling under the weight of high borrowing costs after
Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team. PFM Robert McDermott, the former Philadelphia budget director, has joined PFM as a director for its workforce consulting team. McDermott is the latest veteran of Philadelphia’s finance department to join PFM, part of the firm’s ongoing strategy to
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated to 2.6 per cent in November, in line with analysts’ predictions, cementing expectations that the Bank of England will hold rates steady at its meeting on Thursday. The year-on-year rise in the
<img src=”https://public.flourish.studio/visualisation/20844932/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker Tuesday as the New York City Transitional Finance Agency, the last sizable new-issue of 2024, priced for institutions, while U.S. Treasuries were mixed and equities saw large losses ahead of the expected FOMC rate decision Wednesday. That weakness that began last week continued through Tuesday, as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nissan and Honda are in exploratory talks about a merger of the two carmakers that would create a $52bn Japanese behemoth, according to people briefed on the matter. The two companies are studying a way
Anton Petrus | Moment | Getty Images Drone stocks rallied Monday as retail interest ramped up in the sector following a Palantir partnership with Red Cat Holdings and amid a flurry of mysterious New Jersey sightings that Wall Street believes could boost funding for the industry. Red Cat shares rallied more than 25% on news
We’re buying 25 shares of Home Depot at roughly $407 each and 14 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will own 75 shares of BLK
Ed Oswald, a tax partner at Orrick Herrington & Sutcliffe in Washington D.C.Burwell Photography – John Burwe A report from the Congressional Budget Office outlining ways to reduce the budget deficit includes the possibility of eliminating new tax-exempt qualified activity bonds, a tactic that has failed in the past. “In connection with the enactment of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Russian general has died after a bomb went off at the entrance to his home in Moscow early on Tuesday, investigators said, killing him and his assistant. Russia’s Investigative Committee, a major crimes
<img src=”https://public.flourish.studio/visualisation/20820063/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady but with a slightly weaker tone Monday as U.S. Treasuries and equities closed the session mixed. Triple-A yields were cut up to two basis points, depending on the scale, while USTs were weaker on the short end and slightly better out long. The two-year municipal to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves’ increase in business taxes is taking a toll on the UK economy as companies cut back hiring, adding to warnings that the chancellor’s October Budget has sapped corporate confidence heading into the new
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped more than 2% on Monday, putting the AI chip darling officially in correction territory. The chipmaker and de facto artificial intelligence trade has rallied 165% this year amid ongoing excitement for the buzzy technology trend.
Oklahoma County’s plan to replace its 13-story detention center in downtown Oklahoma City has been stalled by the city’s rejection of a site for the jail and escalating costs for the project.Oklahoma County Detention Center Oklahoma County wants to settle litigation over the location for a bond-financed jail in the wake of an unofficial state
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK companies are cutting employee numbers at the fastest rate since the pandemic, according to a closely watched survey that highlights the impact of Rachel Reeves’ tax-hiking Budget. Private sector employment in December fell more
<img src=”https://public.flourish.studio/visualisation/20781708/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market grew in the third quarter of 2024 amid the surge in supply while mutual funds, exchange-traded funds and foreign buyers increased their ownership of the asset class in the third quarter, Fed data shows. However, “muni holdings of all institutional investors, lead by banks, is still
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. The Federal Reserve is set to take a more cautious approach to interest rate cuts on fears that the Trump administration’s policies will stoke higher inflation, according to academic economists polled by the Financial Times.
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Amid concerns over elevated valuations in the U.S. stock market, there are several stocks that continue to look attractive based on the future growth potential they promise. To pick such stocks, investors can track the recommendations of Wall
“The Committee will hit the ground running in 2025,” said current and future Chairman Sam Graves, R- Mo. ”Our work will include working with President Trump to advance his infrastructure priorities, developing the next long-term surface transportation reauthorization, and reprioritizing policies that are consistent with the core purpose of infrastructure .U.S. House of Representatives The future of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The London Stock Exchange is on course for its worst year for departures since the financial crisis, as fears mount that more FTSE 100 businesses will quit the UK in favour of New York. A
With costs escalating for a 15-year expansion program, the Oklahoma Turnpike Authority board approved a toll hike ahead of a $1 billion bond sale slated for early 2025. Oklahoma Turnpike Authority Ahead of a $1 billion bond sale early next year for an expansion program with rising costs, the Oklahoma Turnpike Authority hiked toll rates
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