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Municipals were little changed Thursday as U.S. Treasury yields rose and equities ended down. This year’s summer technical picture has been stronger than 2023, said AllianceBernstein strategists. Total returns for June through August last year were –0.04%, with August wiping out June and July gains as UST yields “jumped” and muni yields moved higher, they
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Although charter school bonds seem to naturally lend themselves to a social label, there are inherent risks to taking that step. “One of the biggest questions that often come up is, what are the qualification requirements of being a social bond?” said Ryan Callender, partner, Squire Patton Boggs. “Unfortunately, there’s really no one answer to
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Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire.  Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment,
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Algerina Perna | Baltimore Sun | MCT | Getty Images The explosion of online sports betting is taking a toll on personal finances, particularly among those who are financially distressed. That’s the conclusion of a recent paper, “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households.” The authors found that sports betting has exploded since
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Federal Reserve Gov. Michelle Bowman.Julia Nikhinson/Bloomberg Federal Reserve Board Gov. Michelle Bowman said Tuesday she is not quite ready to sign off on an interest rate cut at next month’s Federal Open Market Committee meeting. In a speech delivered to the Alaska Bankers Association, Bowman said price growth continues to be “uncomfortably” high, adding that
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Democratic U.S. presidential candidate, Vice President Kamala Harris, speaks at an Aug. 10 campaign rally in Las Vegas. Justin Sullivan | Getty Images News | Getty Images Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mike Lynch, one of the UK’s best-known tech entrepreneurs, is among those missing after a luxury yacht sank off the coast of Sicily, according to people familiar with the matter. Lynch’s wife, Angela Bacares, had been
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