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Meet the Latin American e-commerce platform that’s outperforming Amazon this year
In this article MELI Follow your favorite stocksCREATE FREE ACCOUNT One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34%…
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It’s not a great fall housing market, but this is ‘as good as it gets,’ economist says
Fstop123 | E+ | Getty Images While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates. Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. That’s down…
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Starmer struggles to fix morale at ‘weird’ Labour conference
Labour’s conference in Liverpool should have been a celebration: the party has not held a gathering in power since Gordon Brown was prime minister in 2009 and its landslide election victory was secured less than three months ago. Instead, many delegates were subdued, their confidence in Prime Minister Sir Keir Starmer shaken by a decision…
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Missouri mall is latest to be redeveloped with municipal bond support
A Missouri government is the latest to offer government support — funded through municipal bonds —to revive a moribund mall. But developer River City Centre’s plan for West Park Mall in Cape Girardeau, a city of 40,500 along Interstate 55 about midway between St. Louis and Memphis, breaks with the current trend of converting malls…
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Bonds a key part of Kansas City redevelopment plan
Bond-financed redevelopment underpins Kansas City, Missouri’s plan to tackle decades-old blight and environmental issues that go back further in the Historic Northeast neighborhood. Clay County Commissioner Scott Wagner, previously a Kansas City councilman, told The Bond Buyer that “just the sheer magnitude” of this redevelopment project presented a challenge, but it stands a chance of…
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Take a look inside a $1.1 million ‘zero emissions’ home
Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation…
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Huawei laptop reveals China’s progress towards tech self-sufficiency
Standard Digital was $468 now $229 for your first year Save now on essential digital access to quality FT journalism on any device. Saving based on full monthly price. 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…
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Deluge of Southwest water-related debt is on tap
The municipal bond market will be showered this week with nearly $2 billion of triple-A-rated debt from water agencies in Southwest states facing drought and other climate issues. The Texas Water Development Board tops the week’s issuance calendar with $1.6 billion of State Water Implementation Revenue Fund for Texas master trust bonds to finance local…
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Week kicks off with strong retail demand for new issues
Municipals were steady to start the week while the focus moved to the hefty primary slate as several deals priced bonds for retail to good demand. U.S. Treasuries were slightly weaker and equities closed the session in the black. The two-year muni-to-Treasury ratio Monday was at 64%, the three-year at 66%, the five-year at 66%,…
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You can’t always refinance a mortgage to capitalize on lower rates: Here’s when a lender may say ‘no’
The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week…
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20 largest bond financings of August
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking came in at more than $8 billion. The top 20 bond financings have a cumulative amount of more than $20 billion. Total issuance in August hit a record at nearly $50 billion. Scroll through…
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Erie County makes pitch to Buffalo Bills fans for stadium deal
The enthusiasm of Buffalo Bills fans is well-known. Erie County wants to see how much that enthusiasm is worth. The county will price $110 million of general obligation bonds for a new Bills stadium this week, with a heavily publicized retail order period. The results will test whether the fans known for pre-game table-smashing contests…
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Top Wall Street analysts find these stocks promising for the long haul
In this article COST TTWO NFLX Follow your favorite stocksCREATE FREE ACCOUNT The word “Netflix” shines brightly at the presentation of the new season (3) of the Netflix series “Bridgerton” in the Flora. Rolf Vennenbernd | Picture Alliance | Getty Images As the earnings reporting season draws to a close, many companies were able to…
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The Federal Reserve just cut interest rates by a half point. Here’s what that means for your wallet
Chris Wattie | Reuters The Federal Reserve announced Wednesday it will lower its benchmark rate bya half percentage point, or 50 basis points, paving the way for relief from the high borrowing costs that have hit consumers particularly hard. The federal funds rate, which is set by the U.S. central bank, is the interest rate…
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Muni industry needs to advocate for tax-exemption, NABL panel says
The death knell isn’t ringing for the tax exemption on municipal bonds, according to a panel at the National Association of Bond Lawyers conference, at least not yet — although the panel suggested the industry remind lawmakers of the role bonds play in their communities. The exemption remains an issue as policymakers will need to…
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In wake of Fed cut, and despite underperforming taxables, muni momentum is positive
Despite the pressure on U.S. Treasuries this week following the Federal Reserve’s 50 basis point rate cut, municipals closed out the week on track to post positive returns for the fourth consecutive month, the first time since 2021. Triple-A municipal yield curves were lightly traded and little changed while Treasuries saw small improvements for the…
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From mortgages to auto loans, experts weigh in on when — or if — to refinance as interest rates fall
Moyo Studio | E+ | Getty Images The Federal Reserve announced a half percentage point, or 50 basis points, interest rate cut at the end of its two-day meeting Wednesday. And, naturally, some Americans will want to make the most of the central bank’s first rate cut since the early days of the Covid pandemic.…
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Tampa’s sales and utility tax bonds upgraded two notches by Moody’s
Tampa, Florida’s sales and utility tax bonds were upgraded to Aa1 from Aa3 by Moody’s Ratings and the outlook is stable. The upgrade affects Series 2016 and 2020 sales tax refunding and improvement bonds and Series 2012A and C utilities tax and Series 2010A & B utility tax revenue bonds. “That’s great news, and it…
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Is the shine coming off Saint Starmer?
Your browser does not support playing this file but you can still download the MP3 file to play locally. A growing controversy around Lord Waheed Alli’s donations to Prime Minister Sir Keir Starmer and his wife Victoria risks tarnishing the new government, while propelling the normally discreet Labour donor into the public eye. Lucy Fisher…
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The economic cloud over the fed’s half-point rate cut
Federal Reserve Board Governor Michelle Bowman.Julia Nikhinson/Bloomberg The Federal Reserve cited slower price growth and a softer labor market in its decision to lower interest rates by a half percentage point this week, but one policymaker sees those trends differently. Fed Gov. Michelle Bowman voted against the decision Wednesday, noting that she would have preferred…
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