Municipals were firmer to close out the month, outperforming U.S. Treasury market losses Thursday, while the California Community Choice Financing Authority jumped into the primary with $1 billion-plus of clean energy revenue bonds, joining other issuers that moved up deals to take advantage of the strong market conditions. Municipals are poised to return well over
Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. Investors are piling into risky assets in the growing belief that the Federal Reserve and other major central banks are close to winning their battle with inflation, fuelling the biggest rally in global stocks since
Former U.S. President Donald Trump looks on, as the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James continues, in New York City, U.S., October 3, 2023. Eduardo Munoz | Reuters A New York appeals court Thursday reinstated a gag order
The judge in the Puerto Rico Electric Power Authority bankruptcy rejected five bondholder arguments Tuesday, bringing approval of the Oversight Board’s plan of adjustment closer. U.S. District Judge Laura Taylor Swain granted the Oversight Board’s motion to dismiss the bond parties’ — bond trustee U.S. Bank N.A., Assured Guaranty, Syncora Guarantee and the now defunct
IOTA, an open-source distributed ledger and cryptocurrency focused on the Internet of Things (IOT), saw its native IOTA token rally 43% on Nov. 29 after announcing the creation of the Iota Ecosystem DLT Foundation and its registration in Abu Dhabi, the capital of the United Arab Emirates. This makes IOTA the first DLT foundation to
We’re rolling out one genuine use case for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today: How blockchain can fight the fakes. Generative AI is extremely good at generating fake photos, fake letters, fake bills, fake conversations — fake everything. Near co-founder Illia Polosukhin warns
The suggestion that Hong Kong could make an “Initial Coin Offering” (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Association to revitalize Hong Kong’s economy. The document, signed by association president Chen Zhihua, was published on Nov. 29 and included various measures, ranging from routine to bold. The
John Rogers Jr., Ariel Investments Chairman & CIO Adam Jeffery | CNBC It’s time to look at value stocks as growth names will have a difficult 2024, according to Ariel Investments’ John Rogers. “I think the top of growth stocks is coming,” Rogers told CNBC’s Scott Wapner at the CNBC CFO Council Summit in Washington,
Municipals rallied hard in secondary trading as issuers benefited in the primary market, which saw another active day, including an upsized $2 billion pricing from New York Transportation Development Corp. and a competitive loan from high-grade Alexandria, Virginia, which saw yields come well through triple-A curves. U.S. Treasuries were firmer and equities ended mixed. Triple-A
It’s hard to imagine in today’s modern real estate market that an early home of Italian Renaissance artist Michelangelo still exists. But it does and recently changed hands in Florence, Italy. The historic residence, built between the 14th and 15th centuries, is where the young Michelangelo di Lodovico Buonarroti Simoni grew up and honed his
It took about two minutes into a House transportation subcommittee hearing Wednesday before the California high-speed rail project was singled out for criticism. Rep. Troy Nehls, R-Texas, chair of the Railroads, Pipelines and Hazardous Materials Subcommittee, opened the hearing on intercity rail by emphasizing the importance of balancing federal policies and spending with realistic consumer
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Charlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped forge
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Mortgage rates fell last week for the fourth time in five weeks, and homebuyers appear to be responding. Demand from current homeowners to refinance, however, fell sharply. That left total mortgage application volume essentially flat last week, up just
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller Becoming a titan of business does not require giving up your personality or humor, as Charlie Munger proved repeatedly in his long and successful life. Munger, who died Tuesday at the age of 99, leaves behind not just an
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India has announced it has formed a committee to investigate security issues after the US warned New Delhi over an alleged assassination plot targeting a Sikh separatist on American soil. The Financial Times reported last
An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uber is courting one of its oldest foes, the London black-cab driver, as it looks to add a new taxi option to its fleet in the UK capital next year. San Francisco-based Uber has begun
Charlie Munger wasn’t just the vice chairman of Berkshire Hathaway: His partnership with billionaire Warren Buffett made him half of an iconic duo in the investing world. Watch the special lookback at Munger’s life by CNBC’s Becky Quick above. “I would say that every time I’m with Charlie, I’ve got at least some new slant
A close-up of the Workday logo on its headquarters in Pleasanton, California, on March 26, 2018. Smith Collection | Archive Photos | Getty Images Check out the companies making headlines in extended trading. Workday — Stock in the workforce platform provider added more than 6% after third-quarter results surpassed Wall Street estimates. Workday notched adjusted
After decades of underfunding, West Virginia dramatically closed its pension funding gap, according to a recent report from Pew Charitable Trust. The state, which had the poorest funding ratio in the entire nation in 2000, reduced its debt burden by 90% over the decades, marking one of the most impressive turnarounds amid a national trend
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