North Carolina State Treasurer Brad Briner said his appointments to the state’s Investment Advisory Committee would improve the pension system’s growth. The North Carolina Local Government Commission approved several bond deals at its meeting Tuesday. Approved were $252 million, $90 million and $45 million of bonds for Mecklenburg County, a $200 million bond for the
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JP Morgan is the latest major bank to quit the Net-Zero Banking Alliance. Its membership in the group led Texas to put it under review for compliance with a 2021 state law that prohibits governmental contracts with companies that “boycott” the fossil fuel industry. Bloomberg News JP Morgan announced Tuesday it is leaving the Net-Zero
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China’s currency has weakened to a 16-month low as the potential of sharp tariff increases from the incoming Trump administration fuels selling pressure on the renminbi. The onshore renminbi weakened 0.1 per cent to Rmb7.34 against the dollar on Wednesday, its weakest since September 2023, in spite of the People’s Bank of China maintaining a
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<img src=”https://public.flourish.studio/visualisation/21069905/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were mixed Tuesday but outperformed the U.S. Treasury market while equities closed the session in the red. Triple-A yield curves barely moved compared to the losses in USTs, which saw yields rise over the entire curve and up to eight basis points 10-years and out, pushing ratios lower.
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<img src=”https://public.flourish.studio/visualisation/21055199/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Monday as U.S. Treasury yields rose slightly out long and equities ended mixed. With the steady tone Monday, muni to UST ratios fell slightly. The two-year municipal to UST ratio Monday was at 65%, the five-year at 64%, the 10-year at 66% and the 30-year
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Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February. His office did not immediately respond to Bank of America and Morgan Stanley leaving the Net-Zero Banking Alliance and the moves’ impact on a review of the banks launched by his office in 2023 that could lead to them being banned from
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“The largest share of the higher revenue is from one-time litigation proceeds and year-end accounting adjustments related to prior-year cost recoveries,” said Washington, D.C., CFO Glen Lee.Christopher Mobley The latest revenue estimate from the District of Columbia’s chief financial officer shows a positive $169.7 million bump in actual inflows compared to the estimates that were
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In today’s episode of Let’s Talk Stocks, I am going to share with you some concepts regarding portfolio-building for active traders. We’ll talk about the basics of portfolios, I’ll show you what’s the right and the wrong approach when building a portfolio as an active trader. And you’ll learn you how you can break down
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