Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The IMF has warned UK chancellor Jeremy Hunt against cutting taxes, arguing the country needs to curb public borrowing and prioritise spending in areas such as health, education and tackling climate change.  Pierre-Olivier Gourinchas, IMF
Florida lawmakers are asking Congress to expand the use of tax-exempt private activity bonds to include commercial spaceports. “The push for Congress to grant spaceport bonds tax-exempt status has been a conversation for many years,” said a spokesperson for Space Florida, the state’s aerospace finance and development authority, which oversees the development of the Florida’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A New York jury has ordered former president Donald Trump to pay $83.3mn for defaming the writer E Jean Carroll after she accused him of sexual assault, the latest courtroom setback for the former US
The Oklahoma Senate will not take up an income tax cut during a special legislative session next week as it waits for more information about the state’s financial position. The Republican-controlled chamber will commence and immediately adjourn the session that starts Monday just like it did for an October special session on tax cuts Gov.
The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks. The blue-chip index ended 0.1 per cent higher with early gains moderating during afternoon trading. Half a dozen of the index’s biggest companies by market capitalisation closed at record highs. Tech names
Dealer groups representing firms of all sizes are urging the Securities and Exchange Commission to adopt the Municipal Securities Rulemaking Board’s 2024 rate card for fear that reverting back to 2023 levels would cause significant disruption. That’s according to a joint letter signed by the Bond Dealers of America and the Securities Industry and Financial
US stocks ticked higher on Tuesday, with the S&P 500 closing at a record high for the third session in a row. The benchmark ended the day 0.3 per cent higher, notching a four-session winning streak, while the tech-heavy Nasdaq Composite rose 0.4 per cent. The 10-year Treasury yield rose 0.05 percentage points to 4.14
Arizona should be able to tackle a growing shortfall given the state’s improved reserves, low debt burden, and budget flexibility, Moody’s Investors Service said this week.  The state’s general fund faces projected shortfalls of $835 million in fiscal 2024 and nearly $879 million in fiscal 2025, according to the Joint Legislative Budget Committee’s latest projections,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump will win the New Hampshire Republican primary, the Associated Press projected on Tuesday night, cementing his frontrunner status and raising questions about whether Nikki Haley would end her bid for the White House.
Louisiana’s largest and most complex public-private partnership that will replace an aging bridge over Interstate 10 appears back on track after the state’s new administration hammered out a revised agreement with the concessionaire to assuage political opposition. The modified agreement lowers tolls and includes a 15% equity contribution for local infrastructure, new Gov. Jeff Landry
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Maskot | Digitalvision | Getty Images With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them. Last year, consumers moving interstate tended to pick