The winner of the Conservative party leadership contest will face huge additional costs of servicing the nation’s debt and paying social security benefits as a result of rising inflation and interest rates, according to Financial Times calculations. The estimates, which are an update to the Bank of England’s previous official inflation forecast in March, show
Believe it or not, investors do sometimes think about things that are not directly related to US interest rate policy. Of course, the debate over what the Federal Reserve does next matters. It is unquestionably the biggest issue of the moment. This week it dominated otherwise sleepy summertime market conditions yet again, thanks to data
More than 300 years of agricultural and architectural history are represented at a 135-acre property in Clarksville, Maryland. Known as Richland Farm, the spread about 25 miles outside of Baltimore has earned a spot in the National Register of Historic Places as a “farmstead which characterized rural Howard County from the late 18th century through
The federal infrastructure package will boost Illinois’ six-year transportation spending by $4 billion, Gov. J.B. Pritzker said Friday. The state will spend an overall $24.6 billion under the six-year program for roads and bridges with $3.7 billion in spending during the current fiscal year. About $18.8 billion goes to roads with the remainder spent on
For a guy on holiday with his family, Martin Lewis looked and sounded anything but relaxed. The Money Saving Expert founder (and closest thing Britain has to a patron saint of personal finance) usually adheres to a self-imposed media embargo for two weeks every summer, but broke it following shock predictions that average energy bills
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Tracey Ryniec reveals the companies with the best earnings surprise charts. Constellation Brands: https://www.zacks.com/stock/quote/STZ?cid=CS-YOUTUBE-FT-VID Acuity Brands: https://www.zacks.com/stock/quote/AYI?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
How do you start investing? Where do you begin? What are the best things you can do to start? We answer those and many other questions in our latest series – Investing 101. Join us in our first video of the series to find out more about the compound interest effect and what it does
Smaller-sized cities and towns worried they won’t be able to snag a piece of the infrastructure dollars unleashed in the new federal law have until the end of the month to apply for a first-of-its-kind program aimed at boosting their chances. The “specialized training boot camps” led by the National League of Cities will help
How I Met Your Mother star, Alyson Hannigan, and her husband, fellow actor Alexis Denisof of Angel fame, are selling an architectural masterpiece home known as the Sherman Residence. At $18 million, a sale near the listing price would be more than twice the $7.95 million the couple paid for the Encino compound back in
While home sellers might enjoy seeing potential buyers fight over their homes, the housing market is seeing a decline in bidding wars, leaving those buyers who are still waiting on the sidelines more options and negotiating power. Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July,
After nearly thirty years at the Securities and Exchange Commission in various roles, Lori Price has been promoted to director of the Office of Credit Ratings. She’ll begin the new role Aug. 14. The OCR is responsible for oversight of nationally recognized statistical rating organizations and conducts exams, develops and administers rules and maintains standards.
With the plan of adjustment hearing for the Puerto Rico Highways and Transportation Authority less than a week away, arguments remain over five legal objections to the plan. Insured bondholders, Puerto Rico’s Fiscal Agency and Financial Advisory Authority, HTA wage earners, an insurance company, and a dairy are challenging the plan. The plan of adjustment
Merrick Garland had been quiet for three days about the search warrant executed on Monday by two dozen FBI agents at Donald Trump’s Mar-a-Lago estate. But on Thursday, when the 69-year-old attorney-general stepped in front of the cameras to break his silence on the unprecedented move against a former president, he defended the FBI’s actions,
Topline Buying a home is the least affordable it’s been in over three decades, according to a metric released Friday, as home prices explode and Americans face record high prices elsewhere. Key Facts The National Association of Realtors’ housing affordability index, calculated using median single-family home prices, mortgage rates and median family incomes, hit 98.5
Municipal bond issuance in the Northeast slumped by 18.3% year-over-year for the first half of 2022 as taxable sales plunged more than 60%, according to data compiled by Refinitiv. The region’s issuers sold $49.69 billion of municipal bonds in 870 issues, after selling $60.78 billion in 1,234 issues during the first half of 2021. The
The writer is co-chair of the Glasgow Financial Alliance for Net Zero and is set to become chair of Brookfield Asset Management Recent events have put into sharp relief the many failings of the global energy system. Energy is a weapon in a horrific, unjust war. Households in developed economies are facing crippling energy bills.
Fresh off a ratings upgrade, Erie County, New York, will be in the market during the upcoming week with a small but significant deal. FHN Financial Capital Markets is set to price the county’s $29.675 million of Series 2022 general obligation bonds on Tuesday, Aug. 16. The deal consists of $28.525 million of Series 2022A
UK prime minister Boris Johnson on Friday admitted that the government’s existing £37bn cost of living package may not be enough to support struggling households, as Liz Truss, the frontrunner to replace him, rejected calls for windfall taxes to limit the pain of rising energy bills. Johnson, who will leave office next month, said in
Germany’s ex-chancellor Gerhard Schröder is suing the Bundestag to restore the parliamentary privileges it stripped him of in May after he refused to distance himself from Russian president Vladimir Putin over the Ukraine war. Schröder’s lawyer Michael Nagel told the DPA news agency on Friday that the lawsuit had been filed with a Berlin administrative
Spain has said an additional link in a gas pipeline from the Iberian peninsula to France could be ready within nine months after Germany backed the idea of linking the region to central Europe to improve the continent’s energy security. Spanish energy and environment minister Teresa Ribera said on Friday that a new section of