Efforts by Muni Pride to align with other public finance affinity groups are reaping dividends for the group, which has grown to more than 100 individuals since its inception in 2019. The California-based national LGBTQ+ networking group will host its next event Oct. 1 in New York City. Connecticut State Treasurer Erick Russell will offer
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Municipals were little changed Monday as U.S. Treasuries were mixed and equities were in the black. As the market awaits the onslaught of new-issuance, muni underperformance to USTs continues from last week’s moves. “As USTs were rallying, dealers noted slightly better volumes but continued to report a slow grind as accounts are eyeing the heavy
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Local water authorities in California’s Central Valley are not happy with environmental regulations being imposed by the Biden Administration.  “Our Central Valley is the backbone of our nation’s food supply, yet unreliable water allocations and overreaching regulations continue to hurt our farmers and our community,” said Rep. John Duarte R – Calif.  ”We can do better,
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For months, economists have wrestled with the disconnect between how well the economy is doing and how badly people feel about their financial standing. Now, evidence suggests that the so-called “vibecession,” or that prolonged period of negative sentiment about the economy, appears to be ending, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics.  As inflation cools
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The District of Columbia is kicking off this fall’s deal closing season with a negotiated $1.6 billion issuance of tax-exempt general obligation bonds expected to generate a lot of demand and also includes a tranche refunding outstanding Build America Bonds. “I would view this as a potential core holding for almost any municipal portfolio,” said
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Bart Livolsi, whose 45-year career in public finance included thousands of financings that touched nearly every corner of the country, is proud of the physical infrastructure those billions of bonds built. For Livolsi, who spent 36 of those years at Citigroup beginning at its predecessor, Smith Barney, said the value of the municipal bond market
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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. Northvolt will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its struggling first gigafactory
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Massachusetts’ general obligation bond sale Thursday was the fourth time this year the commonwealth has tapped the municipal bond market. The state treasurer’s office said it was happy with the deal’s performance, although the high supply during a busy week in the primary was evident in the final spreads.  “At this point, you’re at the
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Stay informed with free updates Simply sign up to the EU economy myFT Digest — delivered directly to your inbox. Mario Draghi has demanded a “new industrial strategy for Europe”, calling on the EU to raise investments by €800bn a year to fund radical and rapid reform to stop the union falling behind the US
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China’s property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC’s JP Ong, Winters described the investing environment in China as “difficult,” explaining that consumer confidence and international investor confidence was relatively low. “We know that the underlying source
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Timothy Armoo, co-founder and former CEO of Fanbytes. Tim Armoo. Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire. He doesn’t own any mansions — or property at all — saying he prefers to spend some of his money on eclectic investments, ranging
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Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Enthusiasm about artificial intelligence masks weakness across most of the technology sector, with many companies “still in a recession” following a slowdown that started in 2022, according to investors and analysis of recent financial reports.
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