Munis were a touch firmer in spots Tuesday as the primary market ramped up and investors awaited Wednesday’s inflation report to give further guidance on Fed rate cuts. U.S. Treasuries were firmer and equities were mixed at the close. The two-year muni-to-Treasury ratio Tuesday was at 65%, the three-year at 64%, the five-year at 61%,
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of recent homebuyers had regrets about their
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. OpenAI and Meta are on the brink of releasing new artificial intelligence models that they say will be capable of reasoning and planning, key steps towards achieving superhuman cognition in machines. This week, executives at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Macquarie, the former owner of Thames Water criticised for loading the utility with debt, is a lender to its stricken parent company. Macquarie’s investors lent about £130mn to the utility’s holding company Kemble Water Finance
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AstraZeneca’s chief executive Pascal Soriot is “massively underpaid” and deserves a proposed £1.8mn pay rise, according to one of the drugmaker’s top shareholders. The British pharmaceutical company is preparing for a vote on its long-serving
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
Texas, where the use of public-private partnerships (P3s) by the state transportation department has been stymied, is now looking to end a 52-year agreement for a toll lane project that was partially financed with private-activity bonds. The Texas Transportation Commission voted March 28 to terminate a 2016 comprehensive development agreement (CDA) with Blueridge Transportation Group,
Loading… Loading… Digital investment platform company announced a SPAC merger to go public. Looking at the details and what's next for the company. Digital investment platform Webull Corporation is going public via a SPAC merger announced Wednesday. The news comes years after reports that Webull was nearing an IPO to go public. What Happened: The
https://dts.podtrac.com/redirect.mp3/chrt.fm/track/35917C/d2h6a3ly6ooodw.cloudfront.net/reasontv_audio_8274787.mp3 1x 1.1x 1.25x 1.5x 2x 3x :15 :15 Download The White House Lied About Its IRS Funding Only Targeting the Rich In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman consider President Joe Biden’s updated response to the war in Gaza following a strike by Israeli military
PayPal Holdings, IncPYPL has introduced Tap to Pay onApple IncAAPL iPhone for Venmo business profile and PayPal Zettle users in the U.S., allowing users to accept contactless payments directly on their iPhones withoutextra cost or hardware. This initiative is part of PayPals commitment to helping small businesses expand their sales, grow their operations, and improve
Total eclipse of the Ars — Moments of totality: How Ars experienced the eclipse The 2024 total eclipse is in the books. Here’s how it looked across the US. Ars Staff – Apr 8, 2024 11:37 pm UTC Enlarge / Baily’s Beads are visible in this shot taken by Stephen Clark in Athens, Texas.Stephen Clark
Private equity has shifted its stance from the days of taking over targets, with the goal of either flipping them to an interested acquirer or spinning them off into an initial public offering. Buy-side competition is heating up. PE firms are now wielding artificial intelligence (AI) to discern which companies offer reliable, scalable, and secure
Loading… Loading… Digital investment brokerage Webull Corporation faced significant obstacles in its quest to go public, largely attributed to its cryptocurrency offerings, as disclosed by the companys U.S. CEO on Wednesday. The online brokerage, aiming for a U.S. listing through a merger with special purpose acquisition company (SPAC) SK Growth Opportunities Corp. SKGR , has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour will on Tuesday propose to toughen a planned crackdown on tax perks enjoyed by “non-doms” living in the UK, alongside a wider effort to tighten compliance, as the party seeks to plug a hole
Municipals were steady to slightly weaker in spots Monday ahead of a rebound in issuance that tops $8.5 billion. U.S. Treasuries were weaker and equities were up. Triple-A yield curves saw yields rise up to three basis points, depending on the scale, further softening ahead of a growing new-issue slate and the last week before
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, UK and Australia on Monday said they were considering working with Japan on advanced technology projects in the trilateral Aukus security pact aimed at boosting deterrence against China. The Aukus defence ministers said
The most succinct explanation for how Republicans expect Donald Trump to win in November may have come from, of all people, the firebrand Representative Matt Gaetz of Florida. What I can tell you, Gaetz said earlier this year, is for every Karen we lose, theres a Julio and Jamal ready to sign up for the
Hope returns — NASA knows what knocked Voyager 1 offline, but it will take a while to fix “Engineers are optimistic they can find a way for the FDS to operate normally.” Stephen Clark – Apr 6, 2024 12:28 am UTC Enlarge / A Voyager space probe in a clean room at the Jet Propulsion
Loading… Loading… On Tuesday, large-cap indices experienced a downturn, while small caps surged, reflecting investor attention on stock valuations. The iShares Russell 2000 ETF IWM climbed by over 1%, on track for its fourth consecutive session of gains, representing the lengthiest streak since late 2023. Blue-chip stocks declined by 0.4%, while the Nasdaq 100 dipped
Loading… Loading… SoFi Technologies IncSOFI stock experienced a 15.27%drop on March 5, following the announcement of its convertible senior notes offering, aiming to raise$750 million. The stock is seeing some recovery in pre-market trading today. Redditors, however, are discussing whether investors should buy-the-dip? Related: SoFi Technologies Prices $750 Million Convertible Senior Notes Offering Due 2029