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  • 2024 issuance surpasses $500B, setting new record

    <img src=”https://public.flourish.studio/visualisation/20996667/thumbnail” width=”100%” alt=”chart visualization” /> Issuance in 2024 surged to a record $500 billion-plus figure, as infrastructure spending needs, election-related concerns and a slew of mega deals led issuers to come to market en masse. The muni market saw a record $507.585 billion of debt issued in 2024, up 31.8% from $385.061 billion in…

  • Trump’s ‘Maganomics’ will hurt growth, economists tell FT polls

    Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s vision to reshape the world’s largest economy through protectionist policies that put “America First” will damage growth, according to Financial Times economists’ polls that contrast with investors’ bullishness over the US…

  • The housing market is heading into 2025 with a worrying supply trend

    A home available for sale is shown in Austin, Texas, on May 22, 2024. Brandon Bell | Getty Images There’s good news in the housing market to close out 2024: There’s a lot more supply. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual.  Active listings in…

  • Trump and Washington mayor look to a more productive future

    “President Trump and I had a great meeting to discuss our shared priorities for the President’s second term,” said Bowser. ”President Trump and I both want Washington DC to be the best, most beautiful city in the world and we want the capital city to reflect the strength of our nation.”     DC.Gov President-elect Donald Trump and Washington,…

  • FBI investigating ‘act of terrorism’ after at least 10 people killed in New Orleans

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At least 10 people were killed and 35 injured after a man drove a vehicle into a large crowd in the heart of New Orleans in an attack that the FBI is investigating as an…

  • ‘Extraordinary measures’ to avoid U.S. default to begin mid-January

    U.S. Treasury Secretary Janet Yellen, left, said the department would deploy special measures to avoid a borrowing default starting in mid-January while Congress takes up a debate over lifting the debt ceiling. Kent Nishimura/Bloomberg The U.S. borrowing cap resumes on midnight Wednesday, bringing with it the risk of a prolonged political impasse that invites market…

  • US stocks soar more than 20% for second year in a row

    The US’s S&P 500 index has risen more than 20 per cent for the second year in a row, as investor excitement about artificial intelligence fuels strong gains in megacap technology stocks. Despite a sell-off in December, the basket of blue-chip stocks has ended 2024 up 23.3 per cent, following a 24.2 per cent gain…

  • Art Cashin’s sons pay homage to NYSE legend by carrying on New Year’s poem tradition

    For decades, Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, would write a New Year’s poem to reflect back on the year’s events. With Cashin’s passing earlier this month, his sons, Arthur and Peter, sent this homage to their father: Some Other Cashins’ Comments:  An Homage PresentationDecember 30, 2024  by…

  • Home Depot is Jim Cramer’s favorite housing-related stock for 2025 — here’s why

    Home Depot navigated a challenging 2024 marked by elevated interest rates and a cautious consumer. But as the year progressed, signs of recovery emerged, setting the stage for a rebound in 2025, fueled by increased housing turnover and pent-up demand in the home improvement market. Year-to-date performance: up 12% Forward price-to-earnings multiple: 25 versus a…

  • Munis close 2024 with higher yields, record issuance and vast uncertainty ahead

    <img src=”https://public.flourish.studio/visualisation/20997687/thumbnail” width=”100%” alt=”chart visualization” /> Municipals had a stronger tone Tuesday as investors closed their books ahead of the New Year holiday while U.S. Treasuries were mixed and equities saw losses for the final session of 2024. While municipals have outperformed USTs on the whole in 2024, they will close December with losses. How…

  • Russian gas set to stop flowing through Ukraine

    Russian gas flows through Ukraine are set to stop on Wednesday when a transit deal between the two countries expires in the wake of Moscow’s full-scale invasion. The pipeline was one of the last two routes still carrying Russian gas to Europe nearly three years into the full-scale war. EU countries will lose about 5…

  • SEC resolves all remaining litigation in Rochester, New York case

    Bloomberg News The SEC announced today that it has resolved all pending litigation in the action filed against the City of Rochester, New York, and the city’s former finance director Rosalind Brooks-Harris, as well as Capital Markets Advisors and two of its principals, Richard Tortora and Richard Ganci.  A U.S. District Court in the Western…

  • Stockpicking funds suffer record $450bn of outflows

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors pulled a record $450bn out of actively managed stock funds this year, as a shift into cheaper index-tracking investments reshapes the asset management industry. The outflows from stockpicking mutual funds eclipse last year’s previous…

  • Munis slightly firmer, underperform UST

    <img src=”https://public.flourish.studio/visualisation/20989474/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly stronger as U.S. Treasury yields fell and equities ended down. Muni yields were bumped up to four basis points, depending on the scale, while UST yields fell five to nine basis points with the biggest gains 10 years and in. The two-year municipal to UST ratio…

  • London lawyer hiring frenzy hits record as pay wars rage

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A record number of senior lawyers moved jobs in London this year as the arrival of US law firms in the capital continues to disrupt the market and fuel pay wars for talent. Law firms…

  • Outlook 2025: What will the FOMC do?

    “It’s going to be a tough balancing act,” said Steve Skancke, chief economic advisor at Keel Point. “They want to have full employment, they want to contain inflation, and certainly, certainly, the imposition of tariffs will contribute to inflation, both with the immediate price increase and with the disruption of supply chains.” Monetary policy in…

  • Former US president Jimmy Carter dies aged 100

    Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Jimmy Carter, the 39th US president who later won the Nobel Peace Prize for his humanitarian work, has died at the age of 100, the Carter Center said on Sunday. He died peacefully…

  • Top Wall Street analysts suggest these stocks with attractive upside potential

    In this article BKNG CRM DKNG Follow your favorite stocksCREATE FREE ACCOUNT Jaque Silva | Nurphoto | Getty Images This year was a busy one for investors, especially in light of the U.S. presidential election, growing excitement around artificial intelligence and the continued focus on elevated interest rates. While macro conditions are expected to improve…

  • ESG battles flaring in the Midwest

    “You have these woke corporations who are dictating how people should invest,” Indiana Treasurer Daniel Elliott told a local radio station. “You have these folks from New York City and Europe and California dictating how Hoosiers’ investments should be invested. And that’s a problem.”Indiana Treasurer of State The battle over ESG investing is spreading in…

  • South Korean plane crash kills 179

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At least 80 people were killed on Sunday after a South Korean passenger jet crashed and burst into flame on landing, according to local authorities, in one of the country’s worst-ever aviation disasters. The Jeju…

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