The Securities and Exchange Commission has settled charges against Chicago-based investment advisor Aon Investments and in a separate action, the firm’s former partner Claire Shaughnessy for misleading the Pennsylvania Public Employees’ Retirement System (PSERS) on a certain discrepancy when calculating investment returns. Without admitting or denying the findings, both Aon and Shaughnessy consented to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Time supposedly waits for no one. But try EDF, where clocks really run slow. France’s state-run utility has announced yet another painful increase in the cost and delivery date of its Hinkley Point C nuclear
Municipals were little changed Wednesday amid another busy primary session as U.S. Treasury yields rose throughout most of the curve and equities ended up. Despite municipal performance being in the red to start to 2023, municipal mutual funds continue to see inflows. The Investment Company Institute Wednesday reported more inflows into municipal bond mutual funds
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The French government is pressing the UK to help plug a multibillion-pound hole in the budget of nuclear power projects being built in Britain by France’s electricity operator EDF. The call for a contribution from
SEC Chair Gary Gensler testifies during the House Financial Services Committee hearing titled “Oversight of the Securities and Exchange Commission,” in Rayburn Building on Wednesday, September 27, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Securities and Exchange Commission, lead by Chair Gary Gensler, is voting Wednesday on new rules to curb
An “Open House” flag is seen in front of a home for sale in Alhambra, California on January 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates rose slightly last week, but that did not seem to deter homebuyers who have come back after the holidays. Mortgage applications to purchase a home
Plans to replace a decaying bridge between Wisconsin and Minnesota have advanced with the announcement of $1.05 billion in federal funding. The grant from the U.S. Department of Transportation’s Nationally Significant Multimodal Freight and Highway Projects program, also known as INFRA, will help finance a replacement for the John A. Blatnik Bridge. A nearly 63-year-old
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump will win the New Hampshire Republican primary, the Associated Press projected on Tuesday night, cementing his frontrunner status and raising questions about whether Nikki Haley would end her bid for the White House.
Municipals were weaker in spots amid an active primary market that saw a billion-dollar-plus retail order from the Regents of the University of California price and Washington sell just shy of $1 billion general obligation bonds in the competitive market. U.S. Treasury yields rose and equities were mixed near the close. The two-year muni-to-Treasury ratio
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s flagship Hinkley Point C nuclear plant has been delayed until 2029 at the earliest and could end up costing up to £35bn, or nearly twice the initial budget, in the latest blow to a
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Grace Cary | Moment | Getty Images The top 10 hottest housing markets are expected to be spread across the South, Northeast and Midwest this year, according to an analysis by real estate marketplace Zillow. But a “hot” market isn’t always great for would-be buyers.
Capital Markets Advisors and its two co-principals Richard Ganci and Richard Tortora, former municipal advisors for the City of Rochester, New York, are in a legal back and forth with the Securities and Exchange Commission over whether the municipal advisor’s conduct constitutes a conflict of interest as defined in MSRB Rule G-42. That’s the latest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US and UK launched another round of joint air strikes against Houthi targets in Yemen on Monday, the second time that Britain has been directly involved in the military action targeting the Iran-backed rebel
Municipals were mixed Monday ahead of a heavy new-issue slate while U.S. Treasuries were better and equities saw smaller gains after last week’s record-breaking moves. Munis continue to struggle in 2024, with the asset class seeing negative returns of 1.01% so far this year. This is a turnaround “from the last quarter of 2023 in
Conservative ministers have “opened themselves” up to the charge that a new voter identification scheme is designed to benefit the Tory party, according to the head of the UK elections watchdog. John Pullinger, chair of the Electoral Commission, warned that the “very, very tight” rules that will force voters to carry ID at this year’s
The top bond counsel in 2023 handled a combined $361.721 billion across 7,164 bond issues versus $359.189 billion in 7,882 transactions in 2022. The top 10 bond counsel, which welcomed three newcomers, accounted for $168.232 billion across 2,118 issues in 2023. The additions, Stradling Yocca Carlson & Ruth, Bracewell and Gilmore & Bell, knocked Chapman
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. The world’s most successful hedge funds made their biggest profits on record last year as punchy bets on stock markets paid off when share prices surged. The top 20 managers made profits for investors of
Federal transportation and housing funding will continue to flow until early March after Congress late Thursday passed a short-term appropriations bill a day ahead of a partial government shutdown. “There will not be a shutdown on Friday,” said Senate Majority Leader Chuck Schumer, D-N.Y. “Because both sides have worked together, the government will stay open.
Ron DeSantis has suspended his campaign for president and endorsed Donald Trump as the Republican nominee for the White House in 2024, in a significant blow to Nikki Haley with just two days to go until the New Hampshire primary. DeSantis announced his decision in a video posted to social media on Sunday afternoon, saying
In this article DASH AMZN NVDA Follow your favorite stocksCREATE FREE ACCOUNT An Amazon worker walks past his Amazon Prime delivery truck in Washington, DC, on February 19, 2022. Stefani Reynolds | Afp | Getty Images Worries over the prospect of elevated interest rates for a longer time horizon linger on investors’ minds, even as
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