Vice President Kamala Harris is pushing housing policy beyond Low Income Housing Credit reform in her bid for the White House. “My administration will provide first time home buyers with $25,000 to help with the down payment on a new home,” she said during a stump speech in Raleigh, N.C., last week. “We will take
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The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
The T-Mobile logo is displayed on a laptop screen and a smartphone, seen in this illustration photo taken in Krakow, Poland, Feb. 22, 2024. Jakub Porzycki | Nurphoto | Getty Images The July consumer price index reading indicated cooling inflation and July retail sales addressed investors’ fears about an economic slowdown. They also boosted hopes
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. More than half of Fortune 500 companies see artificial intelligence as a potential risk to their businesses, according to a new survey of corporate filings that highlights how the emerging technology could bring about sweeping
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Municipals were slightly better on the short end Friday, reversing some of Thursday’s losses, while U.S. Treasuries made small gains across the curve and equities were up near the close. Triple-A yields closed out the week on better footing by one to three basis points, albeit in light secondary trading, ahead of a much larger
Insurance fraud charges against Austin Independent School District Chief Financial Officer Eduardo Ramos that were not related to his job were dropped by law enforcement in Texas, the school superintendent announced Thursday. Ramos, who joined the district as CFO in August 2021, resigned eight days before his July 31 arrest after which he was placed
Colorado Gov. Jared Polis on Thursday called a special legislative session for Aug. 26 on further property tax cuts to circumvent proposed ballot initiatives that could negatively impact public financing and education and local government funding in the state. The Democratic governor said “the cost of inaction is too high” and pledged he won’t sign into
The letters are flying in the partisan debate over environmental, social and governance issues. A group of 20 state attorneys general led by Florida have slammed the U.S. Treasury Department’s recent warning against some state banking laws that the department said could undermine national security. In the Aug. 1 letter to Treasury Secretary Janet Yellen,
Missouri’s Kansas City Public Schools is looking to take its modernization plan to voters and seek approval for a $474 million general obligation bond measure next April. The district plans to devote $424 million of the bond proceeds to facilities upgrades for KCPS schools and $50 million to participating charter schools, according to Shain Bergan,
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Last month, California became the first state to win funds from the Department of Energy’s prominent program to create a series of regional hydrogen hubs to kickstart a new national energy economy. The California Hydrogen Hub received an initial $30 million to begin planning and design phase and will eventually receive up to $1.2 billion
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global equities climbed on Friday, putting markets on course for their best week of the year, as investors shake off a recent bout of concern that the US economy is headed for a recession. The Stoxx
FILE PHOTO: TikTok app logo is seen in this illustration taken, August 22, 2022. Dado Ruvic | Reuters Investing in equities can be a complex exercise, warranting specialized guidance. From where can one get that advice? Some attempt to do their own research, poring over reams of financial indicators to identify potential winners, while others
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Municipals felt the pressure of a U.S. Treasury market selloff, but outperformed their taxable counterparts, after better economic data sent investors flocking to equities in a risk-on trade. Triple-A yields rose two to four basis points, depending on the yield curve, while UST saw losses of up to 15 basis points on the short end,
Utah voters will weigh big bond propositions Nov. 5 as two top-rated issuers seek authorization for $1.237 billion of general obligation debt. The Salt Lake City School District Board of Education approved a plan last week to seek $730 million of bonds to rebuild two high schools, construct an athletic field house, and upgrade facilities.
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