Houston dodged a blow to its fiscal 2025 budget when Texas officials Wednesday freed up state funds to help pay the city’s share of costs to remove debris created by two fierce storms this year. The situation underscored fiscal problems the nation’s fourth-largest city faces from natural disasters that could compound its growing structural budget
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RankMunicipal advisorFirst 9 months 2024 par amount (USD)Market shareNumber of issuesFirst 9 months 2023 par amount (USD millions)Market shareNumber of issues1PFM Financial Advisors LLC62.0602 billion19.4057643.4313 billion18.845002Public Resources Advisory Group45.0266 billion14.0711726.3871 billion11.441053Hilltop Securities23.4039 billion7.3235916.4167 billion7.123264Kaufman Hall & Associates Inc13.0056 billion4.07624.5247 billion1.96345Frasca & Associates12.9054 billion4.03×8.0842 billion3.51306KNN Public Finance8.0163 billion2.51544.3003 billion1.87377Acacia Financial Group Inc7.6603 billion2.39596.5488 billion2.84668Piper Sandler &
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RankMunicipal advisorFirst 9 months 2024 par amount (USD)Market shareNumber of issuesFirst 9 months 2023 par amount (USD millions)Market shareNumber of issues1PFM Financial Advisors LLC62.0602 billion19.4057643.4313 billion18.845002Public Resources Advisory Group45.0266 billion14.0711726.3871 billion11.441053Hilltop Securities23.4039 billion7.3235916.4167 billion7.123264Kaufman Hall & Associates Inc13.0056 billion4.07624.5247 billion1.96345Frasca & Associates12.9054 billion4.03×8.0842 billion3.51306KNN Public Finance8.0163 billion2.51544.3003 billion1.87377Acacia Financial Group Inc7.6603 billion2.39596.5488 billion2.84668Piper Sandler &
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RankMunicipal advisorFirst 9 months 2024 par amount (USD)Market shareNumber of issuesFirst 9 months 2023 par amount (USD millions)Market shareNumber of issues1PFM Financial Advisors LLC62.0602 billion19.4057643.4313 billion18.845002Public Resources Advisory Group45.0266 billion14.0711726.3871 billion11.441053Hilltop Securities23.4039 billion7.3235916.4167 billion7.123264Kaufman Hall & Associates Inc13.0056 billion4.07624.5247 billion1.96345Frasca & Associates12.9054 billion4.03×8.0842 billion3.51306KNN Public Finance8.0163 billion2.51544.3003 billion1.87377Acacia Financial Group Inc7.6603 billion2.39596.5488 billion2.84668Piper Sandler &
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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. Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn in the third quarter, boosted by its equity trading business, even as the investment bank took another hit from its retreat from retail banking. Goldman’s
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Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Warren Buffett’s Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company. The Omaha-based conglomerate purchased roughly 3.6 million shares
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Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House I never used to look at airline route maps too closely. But now, when I journey from one peaceful country to another, I take a keener interest in where exactly we are
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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. Chinese stocks were volatile on Monday after Beijing sought to reassure investors over the weekend about its plan to increase spending to boost the world’s second-largest economy. The finance ministry on Saturday said it planned
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Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only 1 € for 4 weeks Then 69 € per month New customers only Cancel anytime during your
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In this article STZ ABI-BE Follow your favorite stocksCREATE FREE ACCOUNT Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California.  Mario Tama | Getty Images Modelo cans have become part of the fabric of events for Rio Riojas’ family and community in Lansing,
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After outperforming the larger weakness in U.S. Treasuries over the past week, municipals played some catch up Friday seeing pressure across the curve ahead of holiday-shortened, but still heavy supply week. Triple-A yields rose two to five basis points while Treasuries were stronger 10-years and in, to close out a week of more mixed economic
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Investor demand for bond insurance remained strong during the first three quarters of 2024 as the amount of debt wrapped by bond insurance rose 26.8% year-over-year. Municipal bond insurers wrapped $28.921 billion in the first three quarters 2024, an increase from the $22.814 billion insured in the first three quarters of 2023, according to LSEG
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James McIntire, who served two terms as Washington state treasurer, died in August. He was 71. The cause was an aggressive and rare form of prostate cancer, his wife, Christina Koons, told the Seattle Times. An economics student and later professor at the University of Washington, McIntire’s first step into government service was as a
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Enjoy complimentary access to top ideas and insights — selected by our editors. Remembered for his positive and cheerful attitude and willingness to pitch in wherever needed, retired Bond Buyer reporter and municipal market fixture Harold “Chip” Walter George Barnett, Jr. died on Monday. He was 67. Barnett suffered from pulmonary fibrosis, “a disease related
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