Moody’s upgraded several bonds related to hurricanes and insurance in Florida, citing the support of Florida state government.Bloomberg News Moody’s Ratings upgraded Florida hurricane- and insurance-related bonds to Aa2, affecting more than $5 billion outstanding. The agency upgraded revenue bonds from the Florida Hurricane Catastrophe Fund one notch, Citizens Property Insurance Corp. two notches and
Stay informed with free updates Simply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox. The writer is a professor at Arizona State University and author of the forthcoming book ‘Putin’s Sledgehammer: The Wagner Group and Russia’s Collapse into Mercenary Chaos’ The Biden administration’s decision to let Ukraine conduct
Russia’s armed forces have recruited hundreds of Yemeni men to fight in Ukraine, brought by a shadowy trafficking operation that highlights the growing links between Moscow and the Houthi rebel group. Yemeni recruits who travelled to Russia told the Financial Times they were promised high salaried employment and even Russian citizenship. When they arrived with
Joe Biden is staging a final push to deliver more aid to Ukraine, lock in manufacturing subsidies and confirm federal judges as he tries to secure his legacy before Donald Trump starts his second term in January. Following vice-president Kamala Harris’s defeat to Trump this month, and the failure of his own re-election bid in
Pew senior officer Fatima Yousofi found states are considering diverse funding and financing tools to manage climate threats to their infrastructure.Pew As the municipal bond market expects issuance to swell over the next decade to accommodate climate-related infrastructure needs, states are also eying cap-and-invest and superfund programs to augment what is expected to be substantial
An Amazon Web Services data center in Ashburn, Virginia, US, on Sunday, July 28, 2024. Nathan Howard | Bloomberg | Getty Images The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states, according to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Israeli military and Hizbollah are locked in fierce fighting around a strategically positioned 12th century crusader castle in one of Israel’s northernmost advances into Lebanon since launching its ground invasion in September. Hizbollah militants
The village of Pewaukee, Wisconsin, is facing legal action over its transportation utility fee, which the Wisconsin Court of Appeals struck down in March.Adobe Stock The village of Pewaukee, Wisconsin, has become the target of lawsuits from the state’s combined chamber of commerce and manufacturers’ association over its transportation utility fee, which was struck down
<img src=”https://public.flourish.studio/visualisation/20436998/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market was lightly traded and little changed Friday ahead of the Thanksgiving-shortened week, with strong market technicals leading to more muni outperformance to U.S. Treasuries and corporates. Triple-A yields barely budged for the ninth consecutive trading session while USTs saw small losses on the short end and
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has picked Scott Bessent to be his US Treasury secretary, nominating one of his biggest financial backers as the top economic official of his second administration, according to five people familiar
From left, Jessica Giroux, general counsel and head of fixed income policy, American Securities Association, Emily Brock, director of the federal liaison center of the Government Finance Officers Association, Caroline Sevier, managing director, government relations & infrastructure initiatives, American Society of Civil Engineers, Tom Kozlik, head of public policy and municipal strategy for Hilltop Securities.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ever since its full-scale invasion of Ukraine in February 2022, Russia has tried to deter the west from supplying Kyiv with ever more potent weaponry by threatening retaliation and escalation of the war. On each
“The tax fight is starting now,” said Sen. Elizabeth Warren, D-Mass, who will become the top Democrat on the GOP-led Senate Banking Committee next year.Bloomberg News Incoming Senate Banking Committee Ranking Member Sen. Elizabeth Warren, D-Mass., previewed her position on next year’s tax policy debate Wednesday during a subcommittee hearing in which she called the
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It is a millennia-old cliché of soldiering that you spend the majority of your time waiting around, interrupted by brief spasms of action. The same can be true of diplomacy. For a year
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted,
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has fired an intercontinental ballistic missile for the first time since its full-scale invasion of Ukraine in 2022, following days of escalation in the conflict. Ukrainian air defence forces said the missile, which
“We have designed this competitive project development process to attract extremely capable teams with outside-the-box ideas for bringing water to Arizona and to give WIFA the opportunity to publicly and transparently vet those projects, ensuring that we select the right one for our state,” Ted Cooke, chairman of the authority’s Long Term Water Augmentation Committee,
Elon Musk’s SpaceX launched a megarocket on Tuesday with Donald Trump in attendance but called off a plan for it to be caught by “chopstick arms”. The president-elect had travelled to Brownsville, Texas, to witness the sixth test of Starship, the largest and most powerful rocket ever built, that will be crucial to Musk and
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated sharply to 2.3 per cent in October, as higher energy costs pushed price growth above the Bank of England’s target. The annual consumer price index figure from the Office for National Statistics
Former Wisconsin Republican Rep. Sean Duffy has been tapped by President-elect Donald Trump to lead the U.S. Department of Transportation.Bloomberg President-elect Donald Trump Monday said he would nominate former Congressman and current Fox News host Sean Duffy to head the U.S. Department of Transportation. “Sean will use his experience and the relationships he has built
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