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Texas budget plans call for bigger property tax cuts
The Texas House and Senate unveiled their budget plans for the fiscal 2026-27 biennium.Bloomberg News The Republican-controlled Texas House and Senate on Wednesday unveiled base budget plans for the upcoming biennium with both chambers proposing to continue funding and expand a massive property tax cut enacted in 2023. Armed with a record $39.4 billion cash…
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Saba loses battle against Herald board in first blow to UK campaign
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. US activist Saba Capital has failed in its attempt to overthrow the board of Herald investment trust, dealing the first blow in its campaign against seven UK-listed closed-ended companies. The majority of shareholders in Herald…
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Chicago regional transit agency wants more funding, wider authority
The Chicago area’s Regional Transporation Authority is calling for $1.5 billion in funding from state and local sources, including higher local sales taxes and rider fares. Regional Transportation Authority With Chicago-area transit services facing a fiscal cliff and state lawmakers in Springfield advocating major governance reforms, the region’s Regional Transportation Authority released a plan last…
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A Trump meme coin ETF is already in the works
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images A new securities filing Tuesday revealed that an ETF issuer is already…
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Mortgage rates aren’t likely to fall any time soon — here’s why
The Good Brigade | Digitalvision | Getty Images Mortgage rates have risen in recent months, even as the Federal Reserve has cut interest rates. While those opposing movements may seem counterintuitive, they’re due to market forces that seem unlikely to ease much in the near term, according to economists and other finance experts. That may…
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Munis continue to underperform USTs
<img src=”https://public.flourish.studio/visualisation/21257304/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Tuesday as U.S. Treasury yields fell and equities ended up. Muni yields were bumped one to four basis points, depending on the scale, while UST yields fell up to seven basis points out long. As the last third of January progresses, munis are in the red,…
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Data-driven decision-making in the public sector: the Weld County case study
Advisors to municipal bond issuers and borrowers, as well as rating agencies for municipal bonds, want to know that local governments and public agencies are on top of their financial and organizational management. Data-driven initiatives are one component to help monitor the goings-on of public agencies that help communicate what is and isn’t going in…
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Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’
Billionaire investor Stanley Druckenmiller believes Donald Trump’s re-election renewed a jolt of speculative enthusiasm in the markets and surging optimism within businesses. “I’ve been doing this for 49 years, and we’re probably going from the most anti-business administration to the opposite,” Druckenmiller said on CNBC Monday. “We do a lot of talking to CEOs and companies on the…
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UK homeowners brace for higher mortgages as borrowing costs spike
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money…
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America enters the second age of Trump
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 inaugural address eight years ago became known as the “American carnage” speech for his invocation of a dystopia of rusted-out factories, poverty and crime. His second struck, in parts, the sunnier…
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MSRB announces members of its 2025 Board Advisory Groups
MSRB Chair Warren “Bo” Daniels.MSRB The Municipal Securities Rulemaking Board Thursday announced the members of its 2025 advisory groups, including those tapped for a new group that will focus on the intersection of technological innovation and municipal securities market regulation. The advisory groups include a cross section of muni market experts who will provide insights…
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Fieldman, Rolapp acquisition adds strength in healthcare sector
Fieldman, Rolapp & Associates acquisition of G.L. Hicks deepens larger firm’s bench in healthcare finance, said Adam Bauer, Fieldman’s chief executive officer.Fieldman, Rolapp & Associates California municipal advisory powerhouse Fieldman, Rolapp & Co. started the new year with an acquisition enabling it to deepen its bench in healthcare finance. Fieldman acquired Orem, Utah-based municipal advisor…
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Here are the top 10 U.S. stock analysts, according to TipRanks
In this article CG WAL BWMN SNAX Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images The year 2024 was quite an eventful one for the U.S. stock market, with the S&P 500 Index gaining more than 20% for the second consecutive year. Several factors, including elevated inflation and interest rates,…
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5 cities with the lowest ‘barrier to homeownership’ — where saving a 20% down payment takes less than 4 years
Cofotoisme | E+ | Getty Images How long it takes you to save for a 20% down payment on a home depends in part on where you live. In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000, which is 20% of the median…
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Israel’s hostage relief laced with dread
It was the moment Israelis had been yearning for. On Sunday afternoon, 471 long days after they were seized by Hamas in the blackest hour of Israel’s history, three young hostages made the painstaking journey from imprisonment in Gaza to freedom in their homeland. The release of the three women — Romi Gonen, Emily Damari…
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Ratings agencies keeping eyes on Louisiana’s tax changes
Louisiana Gov. Jeff Landry signed into law a host of tax and spending changes that ratings agencies say should address a projected deficit but whose effects bear watching.Bloomberg News Fitch Ratings, Moody’s Ratings, and S&P Global Ratings say Louisiana’s recently adopted tax changes should address what had been projected to be a $587 million or…
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Hamas hands over three Israeli hostages as ceasefire begins
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A truce between Israel and Hamas due to come into effect on Sunday morning has been delayed after Hamas failed to provide the names of hostages to be freed later in the day for what…
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Munis firmer, calendar remains elevated at $10B
<img src=”https://public.flourish.studio/visualisation/21211283/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer ahead of a nearly $10 billion new-issue calendar as U.S. Treasury yields rose inside 10 years and equities were up late in the session. Since the start of 2025, UST yields sold off around 20 basis points but “retraced more than half on the back of…
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Irenic takes a position at KBR. Here’s how the activist may help improve shareholder value
In this article KBR Follow your favorite stocksCREATE FREE ACCOUNT KBR headquarters in Houston, TX. Courtesy: KBR Company: KBR Inc (KBR) Business: KBR provides scientific, technology and engineering solutions to governments and companies around the world. The company operates through two segments: Government Solutions and Sustainable Technology Solutions. Its Government Solutions (GS) business segment provides…
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Mortgage demand is mixed, as interest rates hit highest level since May
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year ago, according to…
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