Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Emerging market stock indices have underperformed the broad equity rally this year. They’ve lagged behind not only American, Japanese and continental European equities, but even UK stocks. In sterling terms they’ve barely broken even. With
Medford, Oregon-based hospital nonprofit Asante Health had its A-plus rating, with negative outlook, affirmed by Fitch Ratings at year-end as it works toward completion of a new building at its flagship hospital. Fitch said in a report Tuesday that it maintained the negative outlook, first assigned in January, because “Asante continues to record weakened operational
Municipals were quietly traded and little changed in the last session of 2023 while U.S. Treasuries were mixed and equities were in the red near the close. The two-year muni-to-Treasury ratio Friday was at 59%, the three-year at 59%, the five-year at 59%, the 10-year at 59% and the 30-year at 86%, according to Refinitiv
Total 2023 municipal bond volume fell slightly from 2022 as market volatility, higher interest rates, pandemic aid and slower economic growth kept issuers on the sidelines. However, a robust fourth quarter buoyed issuance for the year, so volume only ticked down 2.8%, much better than previous quarters where issuance was down double digits. The year
With 2023 municipal bond issuance of $59 billion, Texas wrested the title of top volume state from long-time debt behemoths New York and California. The debt, which was sold by Texas state agencies, cities, counties, schools, and others, and accounted for 15.5% of nationwide issuance, lifted the Lone Star State to the number one ranking
Illinois saw an uptick in its fiscal fortunes in the past fiscal year, one of the few times the state’s net position has improved since that figure swung from black to red in to red in 2002. The net position includes tax collections and government services and measures the state’s assets relative to its total
The muni industry is looking forward to key tax legislation moving forward while also eyeing the possible sunset of key provisions of the Tax Cut and Jobs Act, though the number one priority of muni lobbyists remains the restoration of tax-exempt advance refunding. “We continue to work this issue tirelessly,” said Brett Bolton, VP, federal
Loading… Loading… Crypto exchange Coinbase Global Inc.COIN on Tuesdayannounced the launch of Project Diamond, a new smart contract-powered platform aimed at institutions,designed to facilitate the creation, purchaseand sale of digitally native assets. The first transaction on Project Diamond was the issuance, distributionand maturity of a digital debt instrument, which served as a technical demonstration for
2.3K The year is 2050. Americas once bustling cities are eerily quiet. Supermarkets have been deserted for years. But in your pantry are the foods to stockpile filled decades ago. Your pantry could be stocked with foods that have virtually no shelf life. Whats up, my preppers? Early in my prepping days I made some
fewer EVs than last year — Here are the 10 best cars we drove in 2023 EVs, hybrids, and a couple of sports carshere are the 10 best cars we drove in 2023. Jonathan M. Gitlin – Dec 29, 2023 12:30 pm UTC EnlargeAurich Lawson/Getty Images reader comments 5 The mince pies have been eaten,
Loading… Loading… The once high-flying and now defunct German payment processing and financial services company, Wirecard, fell into oblivion after a fraud that involved the siphoning off of $2 billion from the companys balance sheet in June 2020 was uncovered. A new Wall Street Journal report now says the tainted companys COO Jan Marsalek may
Population boost — Saving the African penguin from climate change and overfishing A hatchery and protected sanctuary in South Africa is boosting penguin numbers. Kiley Price – Dec 29, 2023 12:49 pm UTC Enlarge / African penguins on a beach near Simon’s Town in South Africa.spooh reader comments 3 CAPE TOWN, South AfricaA weathered, green
1.1K The Nitecore EDC27 is a superb EDC flashlight, with a host of modern features that will change the EDC flashlight game for you. EDC is a fascinating concept, especially when mind-surfing the idea with a prepper or survivalists mindset. If you surf Instagram and the great online web for the term EDC dump, youll
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets are set to record their strongest year since 2019 following a blistering two-month rally as investors bet that major central banks have finished raising interest rates and will cut them rapidly next year.
Loading… Loading… A fully collateralized euro-backed stablecoin is expected to be launched within 18 months, pending the approval of an e-money license by Germany's Federal Financial Supervisory Authority (BaFin). What Happened: Deutsche Banks DB DWS Group, Dutch market maker Flow Traders Ltd., and crypto fund manager, Michael Novogratzs Galaxy Digital Holdings BRPHF plan to form
Loading… Loading… Crypto exchange Coinbase Global Inc.COIN on Tuesdayannounced the launch of Project Diamond, a new smart contract-powered platform aimed at institutions,designed to facilitate the creation, purchaseand sale of digitally native assets. The first transaction on Project Diamond was the issuance, distributionand maturity of a digital debt instrument, which served as a technical demonstration for
Loading… Loading… Visa Inc V stock recorded an all-time-high (ATH) on Wednesday. The stock was seen trading at a high of $262.48 during intraday trading, marking a new high in the stocks history. The stock has returned 26.52% to investors so far this year. The surge has been propelled by a combination of strategic moves,
In a laughable attempt at escaping the end of the world, billionaire social media guru Mark Zuckerberg of Facebook (Meta) is building a large underground bunker beneath his lavish 1,500-acre Kauai, Hawaii, estate. According to reports, Zuckerberg has been incrementally expanding his tropical bugout property, which will soon contain a “5,000-square-foot underground shelter” with its
Loading… Loading… A cryptocurrency trader expects a severe Bitcoin BTC/USD drop following a potential new all-time high, issuing an alert to his substantial online audience. What Happened: Operating under the pseudonym Credible Crypto, the trader shared his prediction with his 361,800 followers on X, reported The Daily Hodl. He noted that Bitcoin has faced three
Loading… Loading… An Ethereum ETH/USD wallet, purportedly associated with former President Donald Trump, was reported to have shifted millions in cryptocurrency, which is suspected to be proceeds from sales of non-fungible tokens (NFTs). This was spotlighted in findings published by Arkham Intelligence on December 27. What Happened: Over the past three weeks, this specific Ethereum