Fitch Ratings Director Tammy Gamerman said the long-term increase in frequency and intensity of hurricanes could hinder Florida’s economic growth. Hurricane Milton caused more damage that will require reimbursement from the Florida Hurricane Catastrophe Fund than Hurricane Helene did, and Moody’s Ratings believes the state may need to sell bonds to replenish the fund in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch has been elected the new Conservative leader, with a vow to reset the party’s thinking and politics after its catastrophic election defeat this summer. The former business secretary won 57 per cent of
<img src=”https://public.flourish.studio/visualisation/20096840/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Friday ahead of a week of virtually no supply as all eyes turn to the election and macroeconomic policy. U.S. Treasury yields rose and equities ended up after a weaker-than-expected jobs report. The employment report underwhelmed, with just 12,000 jobs added in October, but observers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK Prime Minister Sir Keir Starmer has sought to reassure nervous markets that his government will not become addicted to tax and spend after this week’s Budget, as he promised to carry out tough reforms
In this article D Follow your favorite stocksCREATE FREE ACCOUNT The Dominion coal burning power plant is seen in Saint Paul, Virginia on Tuesday, February 7, 2023. Community leaders in Southwestern Virginia are giving serious consideration to the idea of utilizing formerly mined coal sites to house small modular nuclear reactors. Mike Belleme | The
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia
The town council in Payson, Arizona, rescinded its Aug. 21 approval of $70 million of tax-exempt bonds in the wake of ongoing litigation and opposition to the debt sale from incoming council members.AdobeStock An Arizona town terminated a plan to sell $70 million of bonds despite prevailing in a lawsuit that claimed the debt’s approval
The US economy added just 12,000 new positions in October, in by far the weakest jobs report of the Biden administration, as the closely watched number was hit hard by hurricanes and the Boeing strike. Friday’s figure, published by the Bureau of Labor Statistics just four days before the US election, was seized upon by
Munis were little changed in the last session of the month and few deals of size priced, while muni mutual funds saw inflows overall but high-yield saw the first outflows since mid-April. U.S. Treasuries were mixed and equities saw losses. “The final session of October concludes what has been an upwardly trending curve all month
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Solstock | E+ | Getty Images Halloween trick-or-treaters and jack-o-lanterns can be downright scary — for your homeowners insurance policy. There is a 14% jump in homeowners insurance claims on Halloween compared to other days of the year, according to Travelers Insurance. Theft on premises claims jump 46%. Trips or falls, thefts, fire and pet-related accidents
Nora Wittstruck is chief analytical officer for governments at S&P Global Ratings.Bear Gutierrez/Bear Gutierrez Nora Wittstruck is the new chief analytical officer for governments at S&P Global Ratings. Wittstruck takes over from Robin Prunty, who retired in August. “One of the challenges of whomever would have taken this role is filling her shoes. She is
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Chicago Mayor Brandon Johnson speaks at the Democratic National Convention earlier this year. Johnson on Wednesday unveiled his fiscal year 2025 budget proposal.Bloomberg News Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids
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Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called “pending” sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on
The Department of Transportation announced $2.4 billion in funding for 122 rail projects in 41 states and the District of Columbia, though concerns about the future of rail and other infrastructure funding are rising. ”Through the Bipartisan Infrastructure Law, we’re funding rail infrastructure projects that create jobs and expand workforce development, reduce costs for consumers,
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Secondary trading showed a weaker tone Tuesday but the focus shifted to the primary as a large slate of new issues along the credit spectrum were priced, while U.S. Treasuries improved and equities closed the session mixed. The primary was led by two large California issues, including the state’s competitive sale of tax-exempt and taxable
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