Following the receipt of $12 billion from the Biden administration in July of this year, the Gateway Development Commission is seeking to execute an additional $3.8 billion Federal State Partnership grant agreement from the Federal Railroad Administration. The additional funds will provide the GDC with a cushion with which to facilitate advance payments, as well
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The Federal Deposit Insurance Corporation board shocked the municipal bond market on Tuesday with a proposal that would switch out CUSIP numbers with Financial Instrument Global Identifiers, a marker based on standards developed by Bloomberg. “It was an opaque process, but we did hear of efforts behind closed doors to expand the scope of FDTA to include
Williams College, the liberal arts school sprawled across 450 acres of the Berkshire highlands in Massachusetts, is out to show municipal bond investors the greater value of some higher education debt. The alma mater of former President James Garfield and current U.S. Rugby Olympian Kristi Kirshe plans to sell $108 million of bonds next week
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
In this article ZE594-CN BAC AAPL BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual
With the launch of several muni exchange-traded funds in recent weeks, there are now just over 100 muni ETFs in the space as firms ramp up their offerings to fill the gap in the marketplace and address the growing demand from clients. “There’s definitely a bit of an arms race out there,” said Brendan McCarthy,
close video Construction boom leads to more jobs in the industry Construction is booming in states like Arizona, California, Florida and Texas. U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the highest level in nearly three years. The Labor Department reported Friday that employers added 114,000 jobs in July,
This week has been especially chaotic for the Middle East. On Saturday, a Lebanese rocket killed 12 children and youth at a soccer game in the Israeli-controlled Golan Heights. (The victims were Syrian citizens with Israeli residency.) On Tuesday night, Israel took revenge for the rocket by killing Fuad Shukr, a commander in the pro-Iranian
The Municipal Securities Rulemaking Board announced yesterday that it has selected three new board members to four-year terms along with the new chair and vice chair that were announced last week. The new public members are Ahmed A. Abonamah, the former chief financial officer and director, Department of Finance, City of Cleveland, and Daniel L. Wiles,
The American Federation of Teachers 88th National Convention centered not on workplace conditions or the resolution of deep issues rampant throughout the nations classrooms but underscored the unions longstanding devotion to progressive politics, culminating in a resounding endorsement of presidential candidate Kamala Harris. The convention, which hosts AFT delegates from across the nation to vote
The World Health Organization Aug 2 2024 The Coalition for Epidemic Preparedness Innovations (CEPI) and the World Health Organization (WHO) today called on researchers and governments to strengthen and accelerate global research to prepare for the next pandemic. They emphasized the importance of expanding research to encompass entire families of pathogens that can infect humans–regardless
friends in high places — Who are the two major hackers Russia just received in a prisoner swap? Both men committed major financial crimesand had powerful friends. Nate Anderson – Aug 2, 2024 12:14 am UTC EnlargeGetty Images reader comments 45 As part of todays blockbuster prisoner swap between the US and Russia, which freed
Texas A&M University Aug 2 2024 Prior authorization-; the process by which a health insurance company denies or approves coverage for a health care service before the service is performed-; became standard practice beginning with Medicare and Medicaid legislation in the 1960s. Although research has uncovered disparities in prior coverage for cancer patients based on race, little
By Lily Ramsey, LLM Reviewed by Lily Ramsey, LLM Aug 2 2024 A recent study published in BMC Public Health investigated the association between electronic cigarette (EC) use and respiratory health in adults. They found that both short- and long-term use of EC elevated the risk of various respiratory symptoms. Study: Vaping habits and respiratory
close video The Fed is likely to cut rates two times by end of 2024, analyst says UBS Private Wealth Management managing director Alli McCartney explains how the Fed’s messaging could affect the market on ‘Making Money.’ The Federal Reserve laid the groundwork for a September interest rate cut at the conclusion of its two-day
Standard Digital Weekend Print + Standard Digital wasnow $39 per month Essential digital access to quality FT journalism on any device. 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+ curated newsletters Follow topics
Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” meaning
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Intel — The chip stock sank 17%. Intel said it would suspend its dividend in the fiscal fourth
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