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  • Selling pressure weighs, pushing muni yields higher ahead of FOMC rates decision

    <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…

  • Drone stocks are surging on Wall Street, led by Red Cat Holdings

    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…

  • After taking morning profits, we’re afternoon buyers of 2 stocks in an oversold market

    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…

  • Nissan and Honda hold talks about a merger of the two carmakers

    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…

  • New York MTA plans its borrowing for the new year

    The interior of a new New York City Subway car in 2023. This week the MTA board approved buying 435 new cars.Marc A. Hermann / MTA New York’s Metropolitan Transportation Authority had a turbulent 2024. Now, although some uncertainties about its funding remain, the agency is readying its finances for 2025.  The state agency that…

  • Top Russian general killed in bomb blast in Moscow

    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…

  • Choppy market sessions may be ahead

    <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…

  • Nvidia falls into correction territory, down more than 10% from its record close

    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.…

  • Higher business taxes take toll on UK economy as companies cut back hiring

    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…

  • California tax and bond measures achieved record approval rates

    Mark Baldassare, survey director at the Public Policy Institute of California.PPIC California’s certified election results show the state logged a record election in terms of the number of local measures and amounts approved, according to a report . Voters approved 205 school bond measures, authorizing $45 billion of funding for elementary, high school and community…

  • UK private sector employment shrinks at fastest pace since 2021

    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…

  • Border states weigh risks from Trump’s threatened tariffs

    Trucks arriving from Mexico wait for inspection at the Otay Mesa point of entry in San Diego.Bloomberg News New tariff threats by President-elect Donald Trump would likely impact state and local government finance, economists and analysts say, though exactly how remains unknown. In campaign statements, and a post-election social media post, Trump said he would…

  • Top Wall Street analysts believe in the long-term prospects of these stocks

    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…

  • Economists trim Fed rate cut estimates on fear of Trump inflation surge

    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. …

  • Retail, foreign muni ownership grows while banks, broker-dealers hold even less

    <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…

  • London Stock Exchange suffers biggest exodus since financial crisis

    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…

  • Congressional leadership changes foretell policy shifts

    “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…

  • Big Oil wants to help Big Tech power artificial intelligence data centers

    In this article MSFT AMZN GOOGL XOM CVX Follow your favorite stocksCREATE FREE ACCOUNT Budrul Chukrut | Lightrocket | Getty Images Exxon Mobil and Chevron are jumping into the race to power artificial intelligence data centers, as the two oil majors bet tech companies will ultimately turn to natural gas to meet their tremendous energy…

  • Mortgage refinance demand surges 27%, as interest rates drop for the third straight week

    Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest…

  • The race to make the greatest Christmas ad

    Every New Year’s Day, Emma Bisley starts asking herself the same question: who is going to win Christmas this year? Since 2023, the cherubic 34-year-old has been head of campaigns for Sainsbury’s, Britain’s second-largest supermarket chain. She thinks about winning Christmas the same way the Grinch thinks about stealing it, which is to say nearly…