Welcome
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Susan Reed joins Crews & Associates as managing director
In her new role as Indianapolis-based managing director at Crews & Associates, Susan Reed aims to bring both creative ideas and a deep well of experience to bear on the challenges facing Indiana issuers. Reed, who has worked as a bond attorney and a municipal advisor and has served in a community and economic development…
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Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
In this article SCHW Follow your favorite stocksCREATE FREE ACCOUNT Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. David Paul Morris | Bloomberg | Getty Images Charles Schwab CEO Walt Bettinger is retiring from…
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Real estate fees settlement created ‘a new competitive ballgame,’ expert says. Here’s what buyers, sellers need to know
Azmanl | E+ | Getty Images New rules on buying and selling homes are in play, now that a settlement from a class-action lawsuit has taken effect. In March, the National Association of Realtors agreed to a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate…
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A major muni buying opportunity
Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Mike Scarchilli (00:03): Hi everyone and welcome to The Bond Buyer Podcast, your essential resource for insights into everything municipal finance. I’m Mike Scarchilli, Editor-in-Chief of The Bond…
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September closes in the black; primary in focus as Q4 begins
Municipals saw some weakness up front while U.S. Treasuries saw losses across the curve after Federal Reserve Chairman Jerome Powell signaled the Fed’s rate-cutting schedule was not yet certain as the U.S. economy remains strong. Equities closed in the black. USTs saw the largest losses on the short-end, with yields rising up to 7 basis…
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China stocks just had their best day in 16 years, sending related U.S. ETFs soaring
A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. Cfoto | Future Publishing | Getty Images China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market. The Shanghai…
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States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
Owngarden | Moment | Getty Images A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May. Meanwhile, South Dakota officials in August declined the federal funding, which is tied to two new programs created by…
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Muni lobbyists hire UChicago to create first-of-its-kind bond data
Municipal market advocates have tapped the University of Chicago’s Center for Municipal Finance to create first-of-its-kind municipal bond data that advocates hope to use to showcase the usefulness of tax-exempt bonds next year as the market’s cherished tax exemption faces an existential threat. The center will drill down to the congressional district level to examine…
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Chinese equities extend post-stimulus rally
Austria’s far-right Freedom party scored a historic victory in the country’s parliamentary election on Sunday, with the result consolidating pro-Russian, anti-establishment forces in central Europe. The FPÖ was projected to win just under 29 per cent of the ballots cast, according to a near final official estimate of the vote late on Sunday, bolstering the…
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Ramirez & Co. adds three new public finance bankers
Samuel A. Ramirez & Co. has added public finance bankers in three separate offices as it continues to broaden its national reach. Cordelia Mendez joins as a vice president in the New York City office, Ayanna Louis-Charles joins as a senior vice president in south Florida and Courtney Okezie joins as a vice president in…
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Top Wall Street analysts prefer these dividend stocks to strengthen portfolios
In this article TGT NOG DRI Follow your favorite stocksCREATE FREE ACCOUNT The Target Corp. flagship store in Edina, Minnesota, US, on Thursday, Sept. 5, 2024. Ben Brewer | Bloomberg | Getty Images The Federal Reserve recently cut interest rates by 50 basis points, setting a favorable backdrop for dividend-paying stocks. Wall Street analysts’ recommendations…
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SALT cap repeal would affect state workarounds
As the election approaches, tax policy issues are moving to the fore including pass-through entity exemptions used to negate the effects of the cap on state and local tax deductions. “If the SALT cap expires, then you’re going to see some states where they didn’t have this legislation, have to figure out what to do,…
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Hurricane Helene won’t hammer Florida’s CAT fund
While Hurricane Helene could have short- and long-term impacts on government finances and the economy, observers say Florida’s hurricane catastrophe fund has sufficient funds to cover damages without requiring immediate replenishment. Meanwhile, for now, BofA still plans to price $233 million of water and wastewater revenue bonds for Tampa on Tuesday and $210 million of…
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ValueAct takes a stake in Sanwa. How the activist can make a good company into a great one
In this article 5929.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Google earth view of Sanwa Holdings Corporation, Shinjuku Mitsui Building, 52F 2 Chome-1-1 Nishishinjuku, Shinjuku City, Tokyo 163-0478, Japan Google Earth Company: Sanwa Holdings Corp. (5929.T) Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility…
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Property stocks in Hong Kong rally on mortgage stimulus
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate…
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Nasrallah attack is culmination of two-week Israel campaign against Hizbollah
Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only £1 for 4 weeks Then £59 per month New customers only Cancel anytime during your…
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Minneapolis returns to the market with GO deal
Minneapolis will bring general obligation bonds to market next week in a deal that includes funding to repair damage left by the 2020 riots after a police officer killed George Floyd. The city will sell $123.59 million of tax-exempt Series 2024 general obligation bonds via competitive sale Tuesday. The municipal advisor on the deal is…
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Strong supply, solid demand, steady triple-A yield curves
The municipal market muscled through this week by holding yields mostly steady as investors digested a large new-issue slate, heavy on tax-exempt paper, even as U.S. Treasuries were weaker until Friday’s session. Municipal triple-A yield curves closed out the week with few changes, valuations were little changed — though at attractive levels — and the…
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The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. Luke Sharrett | Bloomberg | Getty Images The planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants to keep up…
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Hong Kong’s New World Development shares surge 23% after CEO resigns
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over…
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