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Rating watches underscore hazy credit outlook from California wildfires
An aerial view taken Wednesday of wildfire devastation in the Pacific Palisades neighborhood of Los Angeles.Bloomberg News Public finance credits in Southern California are beginning to feel the heat from the massive wildfires that have destroyed parts of the city and county of Los Angeles. The city’s AA-rated general obligation bonds were placed on CreditWatch…
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Trading platform Dub will pay some retail investors to share portfolios through TikTok-like ‘creator program’
Manusapon Kasosod | Moment | Getty Images Dub, a platform that allows retail traders to mimic the investments of notable people in business and government, debuted a service Thursday that pays select everyday investors to share their portfolios. Retail traders accepted into Dub’s so-called top creator program will be paid royalties for users to access…
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Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue. But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central…
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Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Scott Bessent said the US should increase sanctions on Russian oil producers to force Moscow to negotiate with Ukraine as he criticised the Biden administration for not being tougher on Vladimir Putin’s regime.…
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Louisiana, with bond plans, will seek Fitch upgrade
Louisiana State Treasurer John Fleming said he would lobby Fitch Ratings for a rating upgrade.Bloomberg News Louisiana plans to sell bonds four more times this fiscal year and at least twice more in the next fiscal year, a Louisiana state official said Thursday. Amounts were not discussed and were not immediately available. The state will…
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What the Israel-Hamas ceasefire means for the world
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It is not yet clear that the Gaza ceasefire will even come into force. But, if the war is indeed ending, what has it meant for the world? For Israel, the impact seems…
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Muni yields fall, but underperform UST rally following CPI report
<img src=”https://public.flourish.studio/visualisation/21179756/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved Wednesday amid a large new-issue slate, though underperformed a U.S. Treasury rally, after the consumer price index showed a slowdown in inflation. The CPI came in below expectations, while the core CPI, which strips out the more volatile costs of food and energy, was softer than expected.…
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Hindenburg Research founder says he’s closing short-seller research shop
Nate Anderson on January 6, 2023 in New York. Anderson exposes corporate fraud and ponzi schemes through his company Hindenburg Research. The Washington Post | The Washington Post | Getty Images Hindenburg Research, an upstart research and investment firm that made a name for itself with several successful short bets, is closing, founder Nate Anderson…
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Here are 7 steps homeowners and renters should take after a wildfire, experts say
Flames and smoke from the Palisades Fire surround a home (C) in the community of Topanga, California, on January 9, 2025. David Swanson | Afp | Getty Images Firefighters are still working to contain the record-breaking fires that have been raging for more than a week in Southern California. The fires in the Greater Los…
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Wall Street stocks post biggest rally since Trump’s election victory
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US stocks and bonds rallied after data published on Wednesday showed underlying price pressures easing more than expected, prompting investors to bet on swifter interest rate cuts this year. The figures from the Bureau of…
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Chicago panel split on road ahead in 2025
Dr. Bob Froehlich, John Rogers, Jr. and Diane Swonk took the stage at the Executives’ Club of Chicago’s Annual Economic Outlook panel Tuesday.Executives’ Club of Chicago The Fed may have two more rate cuts in store this year, there is a floor forming under the Treasury bond market, a short recession is a possibility, and…
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The China commodities supercycle is over. Will there be another?
Standard Digital was €540 now €319 per year Save now on essential digital access to quality FT journalism on any device. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos…
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Amid payment disputes by tobacco giants, Ohio makes reserve draw
As cigarette sales decline and tobacco giants lose market share to vaping upstarts, some assumptions underlying tobacco securitization bonds have been upended.Bloomberg News Less than five years after Ohio restructured the credit to avoid a default, the Buckeye Tobacco Settlement Financing Authority needed a debt service reserve draw to pay holders of its tobacco settlement…
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Crypto ETFs have big innovation opportunity in 2025, but demand may be weak
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Omer Taha Cetin | Anadolu | Getty Images Crypto ETFs may be entering a year of innovation, with new funds and new approaches, but don’t expect demand to match what was seen in the first year of bitcoin ETFs. Bitcoin exchange-traded funds debuted a year…
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Why it’s so hard to find starter homes in the U.S.
First-time homebuyers may struggle to find adequate starter homes when the 2025 buying season begins this spring. The homes that once gave Americans a stepping stone into real estate are disappearing, according to experts. While the exact definition of a starter home varies, they’re typically under 1,400 square feet. In 2023, just 9% of the…
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Reeves shrugs off calls for resignation as she promises UK growth plan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves has shrugged off calls for her resignation, insisting to MPs that her economic plans can deliver an “immense” prize and defending her visit to China last week. In her first House…
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Heavy primary slate prices into weaker market; L.A. trading volatility continues
&amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21164578/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;gt; Municipals were weaker for the third consecutive trading session amid a heavy new-issue calendar, while U.S. Treasury yields fell slightly and equities ended mixed. Several large new-issues priced into a weaker market, including San Francisco International Airport, Jacksonville Electric Authority water and sewer bonds, Miami-Dade County School Board, Dallas…
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Trump faced sufficient evidence for conviction in election case, special counsel report says
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump was facing “sufficient” evidence to have been convicted at trial for seeking to overturn the 2020 US presidential election, according to the special counsel who led the case against the president-elect.…
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Oklahoma City seeks arena financing proposals amid Southwest sports stampede
Oklahoma City is seeking financing proposals for a downtown arena to replace Paycom Center, where the National Basketball Association’s Thunder has played since 2008.Adobe Stock Oklahoma City will review proposals due this week on ways to finance a downtown arena to replace Paycom Center, the home of the National Basketball Association’s Thunder, at a cost…
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Quantum stocks like Rigetti plunge after Nvidia’s Huang says the computers are 15 to 30 years away
In this article NVDA RGTI Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang speaks with the press during the launch of the supercomputer Gefion at Vilhelm Lauritzen Terminal in Kastrup, Denmark, on Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen…
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