Massachusetts plans to come to market on Thursday with $1.4 billion of general obligation bonds that will kick off the first full trading week of the year. The deal is one of the largest offerings of the week, which will see $9.1 billion of supply flood into the market after the weeks-long holiday drought. Jefferson
The state of Illinois is preparing to issue $600 million in new Build Illinois junior sales tax revenue bonds — 2024 Series A, B and C — in a competitive auction next week. “Illinois enters the market as cash needs for projects arise,” said Olivia Kuncio, senior deputy press secretary to Gov. JB Pritzker. Rebuild
Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I can’t pinpoint the precise time it happened but my transformation from a great parent to an embarrassing one was reinforced the other day when I casually dropped “rizz” into a conversation at home. It
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Tax experts have taken to social media in an effort to reassure panicking UK gig economy workers and online sellers over new reporting rules affecting the digital platforms they use. Under regulations that came into
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden launched a frontal attack on Donald Trump for his efforts to overturn the 2020 election, as the president cast this year’s likely rematch for the White House as a battle to save US
Omar Marques | Lightrocket | Getty Images Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected. 13 companies have filed for a spot bitcoin ETF: Grayscale Bitcoin Trust Ark/21 Shares Bitcoin Trust Bitwise
From baby bonds to pension funding, 2023 was a year for progress in Connecticut, according to the annual report released Wednesday by State Treasurer Erick Russell. “The work done by our agency often focuses on the long-term — sustained investment success, low-cost infrastructure funding, helping families save for college, and now our landmark ‘CT Baby
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Tesla has lost its position as the world’s most popular maker of electric vehicles to Chinese rival BYD despite quarterly sales that beat analysts’ estimates. The US company, run by Elon Musk, delivered 484,000 cars
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Saudi Arabia and China were among 20 foreign governments that spent at least $7.8mn in total at properties owned by Donald Trump while he was president, according to a report released by congressional
Since the Florida Legislature approved reforms to the state’s insurance industry this year, the state Office of Insurance Regulation has given approval for six additional property and casualty insurers to enter the market, Commissioner Michael Yaworsky said Friday. The OIR has responsibility for regulation, compliance and enforcement of statutes related to the business of insurance
A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ended Dec. 29, compared with two
Arizona’s universal school voucher program would face greater oversight and restrictions under proposed legislation unveiled by Gov. Katie Hobbs Tuesday. Citing a projection the empowerment scholarship accounts (ESA) will cost the state nearly $1 billion this fiscal year, the Democratic governor called for increased accountability and transparency. ”Arizonans deserve to know their money is being
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On a bus for a “pilgrimage” to the grave of renowned Iranian commander Qassem Soleimani, Hoda overheard others discussing what they would pray for when they reached “the holy site”. Their words made clear to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey has accused Israel of spying on its territory and plotting attacks on Palestinians living there as relations between the two countries worsen over the conflict in Gaza. Turkish intelligence agents and police carried out
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s central bank governor has urged Prime Minister Benjamin Netanyahu to rapidly curb public spending, warning that markets could react badly if his government failed to act over the Shk210bn ($58bn) cost of the war
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine on Sunday issued nationwide air raid alerts after several people were killed and dozens injured by Russian attacks in the eastern region of Kharkiv, two days after Moscow’s deadliest strikes on Ukrainian cities
With 2023 municipal bond issuance of $59 billion, Texas wrested the title of top volume state from long-time debt behemoths New York and California. The debt, which was sold by Texas state agencies, cities, counties, schools, and others, and accounted for 15.5% of nationwide issuance, lifted the Lone Star State to the number one ranking
Illinois saw an uptick in its fiscal fortunes in the past fiscal year, one of the few times the state’s net position has improved since that figure swung from black to red in to red in 2002. The net position includes tax collections and government services and measures the state’s assets relative to its total
Medford, Oregon-based hospital nonprofit Asante Health had its A-plus rating, with negative outlook, affirmed by Fitch Ratings at year-end as it works toward completion of a new building at its flagship hospital. Fitch said in a report Tuesday that it maintained the negative outlook, first assigned in January, because “Asante continues to record weakened operational
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