The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third rate cut in a row — all together shaving a full percentage point off the federal funds rate since September. For consumers struggling under the weight of high borrowing costs after
“I think the update does try to capture some of the new trends and how the industry has evolved,” said Dan Aschenbach, owner of AGVP Advisory and an author of a new NFMA paper on recommended best practices in disclosure for public power agencies and utilities.Dan Aschenbach Investors in public power bonds are looking for
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated to 2.6 per cent in November, in line with analysts’ predictions, cementing expectations that the Bank of England will hold rates steady at its meeting on Thursday. The year-on-year rise in the
<img src=”https://public.flourish.studio/visualisation/20844932/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker Tuesday as the New York City Transitional Finance Agency, the last sizable new-issue of 2024, priced for institutions, while U.S. Treasuries were mixed and equities saw large losses ahead of the expected FOMC rate decision Wednesday. That weakness that began last week continued through Tuesday, as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nissan and Honda are in exploratory talks about a merger of the two carmakers that would create a $52bn Japanese behemoth, according to people briefed on the matter. The two companies are studying a way
Anton Petrus | Moment | Getty Images Drone stocks rallied Monday as retail interest ramped up in the sector following a Palantir partnership with Red Cat Holdings and amid a flurry of mysterious New Jersey sightings that Wall Street believes could boost funding for the industry. Red Cat shares rallied more than 25% on news
We’re buying 25 shares of Home Depot at roughly $407 each and 14 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will own 75 shares of BLK
“We think the FOMC will deliver a ‘hawkish cut,'” lowering the fed funds range to a range between 4.25% and 4.50%,” said BNP Paribas Chief U.S. Economist James Egelhof. “Chair [Jerome] Powell will likely use the press conference to open up optionality for a pause in further easing of undefined length.” The Federal Open Market
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Russian general has died after a bomb went off at the entrance to his home in Moscow early on Tuesday, investigators said, killing him and his assistant. Russia’s Investigative Committee, a major crimes
<img src=”https://public.flourish.studio/visualisation/20820063/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady but with a slightly weaker tone Monday as U.S. Treasuries and equities closed the session mixed. Triple-A yields were cut up to two basis points, depending on the scale, while USTs were weaker on the short end and slightly better out long. The two-year municipal to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves’ increase in business taxes is taking a toll on the UK economy as companies cut back hiring, adding to warnings that the chancellor’s October Budget has sapped corporate confidence heading into the new
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped more than 2% on Monday, putting the AI chip darling officially in correction territory. The chipmaker and de facto artificial intelligence trade has rallied 165% this year amid ongoing excitement for the buzzy technology trend.
“If you took the president-elect at his word and he were to implement tariffs exactly as he proposed on the campaign trail, that would be a significant hit to the U.S. and global economies,” said Fitch’s Eric Kim.Fitch Ratings Overall state and local government credit quality is well-positioned for 2025 and credit conditions will remain
Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia. The Financial Times has uncovered records showing that Assad’s regime, while desperately short of foreign currency, flew banknotes
<img src=”https://public.flourish.studio/visualisation/20781708/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market grew in the third quarter of 2024 amid the surge in supply while mutual funds, exchange-traded funds and foreign buyers increased their ownership of the asset class in the third quarter, Fed data shows. However, “muni holdings of all institutional investors, lead by banks, is still
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. The Federal Reserve is set to take a more cautious approach to interest rate cuts on fears that the Trump administration’s policies will stoke higher inflation, according to academic economists polled by the Financial Times.
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Amid concerns over elevated valuations in the U.S. stock market, there are several stocks that continue to look attractive based on the future growth potential they promise. To pick such stocks, investors can track the recommendations of Wall
“The Committee will hit the ground running in 2025,” said current and future Chairman Sam Graves, R- Mo. ”Our work will include working with President Trump to advance his infrastructure priorities, developing the next long-term surface transportation reauthorization, and reprioritizing policies that are consistent with the core purpose of infrastructure .U.S. House of Representatives The future of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The London Stock Exchange is on course for its worst year for departures since the financial crisis, as fears mount that more FTSE 100 businesses will quit the UK in favour of New York. A
With costs escalating for a 15-year expansion program, the Oklahoma Turnpike Authority board approved a toll hike ahead of a $1 billion bond sale slated for early 2025. Oklahoma Turnpike Authority Ahead of a $1 billion bond sale early next year for an expansion program with rising costs, the Oklahoma Turnpike Authority hiked toll rates
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