“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty Images High mortgage rates and elevated home prices combined to crush home sales
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S&AdobeStock S&P Global Ratings’ view of Guam’s bonds has shifted from negative to positive. It gave a positive outlook to its BB-minus rating on Guam’s general obligation bonds, BB rating on Guam’s business privilege tax and section 30 revenue bonds, and B-plus rating on its appropriation-backed certificate of participation. The ratings action removes a negative
<img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST
A home for sale in Casselberry, Florida, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume fell 1.2% from the previous week, according to
A bill to extend the sunset of a Kansas sales tax and revenue bond program until July 1, 2028, and allow its use for mall redevelopment projects is pending in the House after passing the Senate last week. Adobe Stock A Kansas bill would continue an economic development bond program that has fallen short of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP will spend $10bn a year on producing more oil and gas, slash its spending on renewable energy and sell $20bn of assets as it tries to revive its share price and respond to pressure
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<img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the
Traders work on the New York Stock Exchange floor on Feb. 20, 2025. Spencer Platt | Getty Images An expensive stock market did not prevent traders from getting more bullish as investors increasingly bet that the bull run could keep chugging along, according to Charles Schwab’s new quarterly client survey. The bulls continue to outnumber
“Before every new Congress, we go through the process of reassessing our priorities and updating our advocacy materials, said Jason Akers, managing partner at Foley & Judell and president of the National Association of Bond Lawyers. ”With the prospect of tax reform in 2025, we see an elevated need to speak out in support of tax-exempt
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer told MPs on Tuesday that Britain was confronting a “world where everything has changed”, as he shredded the country’s overseas aid budget to fund a rearmament programme not seen since the cold
Oscar Wong | Moment | Getty Images Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search. As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family rents are up
Despite the air of gloom hanging over China’s property market, work is well under way at a construction site in the north-west of Beijing. Yellow and green cranes nestle among the scaffolding, while lines of crushed limestone trail across the upturned earth. Backed by private developer Longfor, projects like this have helped power the world’s
<img src=”https://public.flourish.studio/visualisation/21795219/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer in spots Monday as U.S. Treasury yields fell and equities ended mixed. “Munis have been slow and steady (steady may be a stretch) for the first couple of months of the year,” said Daryl Clements, a portfolio manager at AllianceBernstein. Munis returned 0.51% in January
License plate scanning cameras used to collect congestion pricing tolls in New York City.Bloomberg News New York City’s toll on motorists driving into Manhattan’s busiest areas raised $48.6 million in its first month, as President Donald Trump is seeking to end the congestion pricing program just weeks after it began. The Metropolitan Transportation Authority, which
Cooling towers and reactors 3 and 4 are seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. Aug. 13, 2024. Megan Varner | Reuters Expanding two power plants in Georgia and South Carolina with big, new reactors was supposed to spark a “nuclear renaissance” in the U.S. after a generation-long absence of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett has sought to reassure Berkshire Hathaway shareholders that he would always prefer owning businesses, after his move to dump stocks and the lack of a big acquisition helped drive the group’s cash pile
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. Grogen | CNBC The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew
Linka A Odom | Stone | Getty Images Company: Liberty Live Group (LLYVA) Business: Liberty Live Group is a tracking stock that represents Liberty Media Group’s ownership stake in Live Nation Entertainment. Live Nation operates as a live entertainment company worldwide. It operates through the following segments” Concerts, Ticketing, and Sponsorship & Advertising. The Concerts
<img src=”https://public.flourish.studio/visualisation/21753829/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Friday ahead of a larger new-issue calendar as U.S. Treasury yields fell and equities were down. Muni yields were bumped up to four basis points, depending on the curve, while UST yields fell eight to nine basis points across the curve. Market activity has been somewhat
Collapsed Interstate 40 in western North Carolina after Hurricane Helene. Gov. Josh Stein is seeking an additional $19 billion in federal aid.North Carolina Department of Transportation Reports that President Donald Trump plans to cut 84% of the staff from one of the two major federal programs providing natural disaster aid concern analysts. Previously, Trump suggested