Pending state legislation that boosts Milwaukee’s revenue raising prospects falls short of what the city needs to manage rising pension and other costs, Fitch Ratings said in cutting the city’s general obligation bond rating by two notches. Fitch dropped the rating Tuesday to BBB-plus from A and warned of the potential for further deterioration by
A bill to raise the debt ceiling cleared a significant hurdle on Wednesday afternoon, after Democratic lawmakers supported Republican Speaker of the House Kevin McCarthy and allowed the bipartisan deal to advance to a full vote. In order to see off a rebellion from members from his own party, McCarthy was forced to rely on
May municipal bond issuance dropped 29% year-over-year in May as issuers dealt with rising interest rates stemming from debt ceiling concerns, Federal Reserve policy uncertainty and overall market volatility. Total volume for the month was $26.062 billion in 677 issues, down from $36.583 billion in 928 issues a year earlier, according to Refinitiv data. Tax-exempt issuance
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In this article AAP ABI-BE SOFI Follow your favorite stocksCREATE FREE ACCOUNT A vehicle pulls out of a parking space outside an Advance Auto Parts Inc. store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. SoFi — The financial services platform added nearly 7%.
The rarity of the exceptional location comes into play in the appeal of this Colorado home, which brings privacy, proximity, the sounds of water and the hushed quiet of the forest to the table. Set on a hillside in the sanctuary-like Buffehr Creek neighborhood of Vail, the mountain contemporary sits on a more than three-quarter
Most homeowners are planning to remodel at some point down the road, but not everyone will get their money’s worth in improved home value. Of all home improvement projects, the most popular are sparkling bathroom overhauls, according to newly released data from the Contractor Growth Network, followed by big-ticket kitchen and basement renovations. In some
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Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the
Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest. A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31. According to the report,
Municipals were firmer Tuesday as U.S. Treasuries rallied on improved chances that Congress will raise the debt ceiling and avoid a U.S. default. Equities ended mixed. Triple-A yields fell three to 10 basis points, depending on the scale, underperforming U.S. Treasuries, which improved by five to 14 basis points with the largest gains on the
A group of 255 of the UK’s top private equity dealmakers earned £2.7bn in carried interest in a single year, the kind of gain that has drawn scrutiny from politicians threatening to increase taxes on the industry. The haul accounted for about 80 per cent of all carried interest — the slice of profits private
Chicago’s new mayor, Brandon Johnson, is tasking a “working group” that includes his finance team and state legislative and labor representatives with finding long-term funding fixes to ease the city’s pension funding woes. Chicago’s $33.7 billion of pension liabilities remain a huge burden on the city’s balance sheet and budget despite progress in recent years.
HANGZHOU, CHINA – NOVEMBER 3, 2022 – Visitors visit the Nvidia stand at the 2022 Apsara Conference in Hangzhou, Zhejiang province, China, Nov 3, 2022. May 25, 2025 – Nvidia’s first-quarter earnings beat expectations by a large margin, the company’s second-quarter revenue outlook of $11 billion also beat market expectations, and Nvidia’s forecast of a
Despite a lack of affordable housing, many American cities have seen a paradoxical proliferation of new luxury condos. The reason behind this comes down to scarcity. Because cities limit the amount of housing that can be built, developers focus on attracting the wealthiest occupants instead of catering to everyone. Consider this metaphor: Imagine you are
A potential buyer walks in to view a home for sale during an open house in Parkland, Florida on May 25, 2021. Carline Jean | Tribune News Service | Getty Images Steep competition in the housing market and low supply are heating up home prices again. Nationally, home prices in March were 0.7% higher than
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Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule. Major Japanese crypto exchange bitFlyer on May 30 announced the adoption of measures in response to the enforcement of stricter AML measures targeting crypto transactions in Japan. bitFlyer has introduced restrictions
California lawmakers are betting voters have had a change of heart regarding the need for a statewide school bond measure. The state Senate approved on Wednesday a $15.5 billion school construction bond measure that would go before voters in March that is similar to the $15 billion Proposition 13, a failed school bond measure that