Greensboro, North Carolina, is expected to price $175 million of bonds next week, $25 million of which are taxable bonds, with the proceeds being used to redeem outstanding bond anticipation notes. The North Carolina Local Government Commission approved the Greensboro bonds earlier this month as well as $212 million of bonds from Raleigh, with an
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Municipals were weaker to start the week, as U.S. Treasury yields rose slightly and equities were mixed near the close. Muni yields rose up to nine basis points, depending on the scale, while UST yields rose up to three basis points. “While we acknowledge that the market tone is weaker [Monday], we are generally constructive
Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
Magnets: how do they stop working? — How the perils of space have affected asteroid Ryugu Ryugu’s parent body appears to have had a fair amount of water present, too. Elizabeth Rayne – May 19, 2024 11:55 am UTC Enlarge / The surface of Ryugu. Image credit: JAXA, University of Tokyo, Kochi University, Rikkyo University,
Loading… Loading… In the latest market close, Upwork UPWK reached $11.37, with a +1.25% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%. Shares of the online freelance marketplace operator
Dept. of Accidental Investigations — How I upgraded my water heater and discovered how bad smart home security can be Could you really control someone’s hot water with just an email address? Kevin Purdy – May 17, 2024 11:00 am UTC Enlarge / This is essentially the kind of water heater the author has hooked
Montana lawmakers passed a bill on Friday banning TikTok from operating in the state amid growing concerns about the app’s suspected ties to the Chinese government. The bill was passed by the state House in a 5443 vote and now heads to Gov. Greg Gianforte’s desk. If Gianforte signs it into law, Montana will become
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In this article BIP ARCC O Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Angela Weiss | AFP | Getty Images A favorable consumer price index report for April lifted investors’ hopes for rate cuts
Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. 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 topics & set
Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
Virginia Beach tapped the municipal bond market to help fund a surf park development backed by multi-Grammy award winning artist Pharrell Williams. The Virginia Beach Development Authority priced about $189 million of debt on Thursday with some of the bond proceeds financing the construction of a 3,500-person entertainment venue, parking facilities and land acquisitions, as
Municipals were steady to slightly weaker in spots ahead of a $12 billion-plus calendar, while U.S. Treasury yields rose and equities were mixed near the close There are nearly 30 new-issues over $100 million on tap across the credit spectrum, led by the week’s largest negotiated deal from Harris County, Texas, with $950 million of
A Senate Finance Committee hearing led by Sen. Ron Wyden, D-Oregon, contemplated ways to smooth funding for rural hospitals as the number in the red has spiked in recent years. Rural hospitals and clinics across the U.S., including in Oregon, have been particularly hard hit by the challenges facing healthcare over the past several years.
States are casting around for solutions to a drop in gas tax revenues which includes hiked registration fees and the expansion of toll roads, which remains politically sensitive. “Various projections from state DOTs, think tanks, and economists show that gas tax revenue, which is the largest source of revenue for state transportation trust funds, is
The median audit time for all municipal bond sectors rose nearly 10.5% from 2011 to 2022, according to a new report from the University of Illinois-Chicago and Merritt Research Services. The report also found a direct correlation between audit timeliness and credit rating for all governmental bond sectors and a majority of revenue bond sectors.
The Federal Reserve’s delay of interest-rate cuts in a bid to temper inflation runs the risk of falling behind the curve, according to Mohamed El-Erian. “The Fed pivoted on the basis of data. It was the opposite of the pivot that they did in December — now they have to do a U-turn,” El-Erian, the
A 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina, available via Sotheby’s Private Sales. Courtesy: RM Sotheby’s A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet
Whether you are indoors or outdoors, keeping pesky mosquitoes away should be a priority to avoid malaria and other mosquito-borne diseases. However, protecting yourself and your loved ones should not come at the cost of exposing yourself to toxic chemicals. Instead of using harmful mainstream pesticides laced with dangerous substances, try natural alternatives that are
Another member of the Biden administration has resigned to protest the president’s policies on Gaza. Lily Greenberg Call has become the first known Jewish political appointee to resign over the war. She had been working as special assistant to the chief of staff at the Interior Department. In her resignation letter, she wrote, “I can