Alicia Glen is leveraging her expertise as former deputy mayor of New York City and head of the Urban Investment Group at Goldman Sachs to build MSquared into a significant women-owned real estate development firm focused on affordable housing. MSquared has raised over $200 million in three years—a feat few women have achieved. Affordable housing
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Nurphoto | Nurphoto | Getty Images As mortgage rates reached a 23-year high last week, the cry went off across markets and social media: Is housing affordability dead? Has a version of the American dream — home ownership, kids, backyard barbecues — died with it? The question is sharp because housing affordability has dropped by
Municipals were slightly firmer Tuesday as large deals priced in the primary saw yields lowered upon repricing. U.S. Treasuries were firmer out long and equities rallied. The two-year muni-to-Treasury ratio Tuesday was at 71%, the three-year was at 72%, the five-year at 72%, the 10-year at 74% and the 30-year at 91%, according to Refinitiv
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French president Emmanuel Macron said the release of all hostages seized by Hamas should be the “first objective” of Israel and its allies as western capitals urged more time for negotiations and the entry of
The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission. In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of
The top bond counsel firms combined for a total of $265.112 billion in 5,327 transactions during the first three quarters of 2023, down from the $291.768 billion in 6,400 deals over the same period in 2022. Only two firms remained in the same spot as in the prior last year: Orrick Herrington & Sutcliffe and
Andrew Kelly | Reuters The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again
Major crypto exchanges recorded a net outflow on Oct. 24 as Bitcoin price briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign as traders move their assets away from the centralized platforms in anticipation of a price surge. According to
Concert ticket prices have soared to new heights this year, causing angst and financial stress for live music fans. Blame has been pointed at ticket sales companies like TicketMaster and profiteering scalpers. President Biden has even proposed legislation aimed at the problem. But similar to the housing market, the unaffordability of music tickets is due
Former President Donald Trump’s former lawyer Michael Cohen arrives for former attorney Michael Avenatti’s criminal trial at the United States Courthouse in the Manhattan borough of New York City, Jan. 24, 2022. Jeenah Moon | Reuters Michael Cohen, the former personal lawyer and fixer for Donald Trump, is set to begin testifying Tuesday in the
New Jersey’s tax revenues have continued to slide in the new fiscal year, according to recently published figures. The state pulled in $4.8 billion in taxes in September, New Jersey’s Department of the Treasury said in its monthly revenue report, a year-over-year decline of 5.1% for the month and drop of 6.2% for the first
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has freed two more of the dozens of hostages its militants captured during their assault on Israel earlier this month, amid ongoing diplomatic efforts to contain the soaring tensions in the Middle East. The
October is proving to be a solid month for Bitcoin (BTC) as the price is nearing the 2023 high at $31,805. Generally, major resistances are not cleared in the first instance as the bears come out in full force to guard the level. Therefore, a minor dip is to be expected, but that should not
Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly
The Power Authority of the State of New York is heading into the municipal bond market next week with a $750.975 million issuance of green bonds. Goldman Sachs as senior manager is set to price the Series 2023A tax-exempt transmission project green revenue bonds on Tuesday after a one-day retail order period. Smart Path Connect is a part
Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Regional banks suffered a steep sell-off Friday after a number of weak quarterly earnings reports highlighting the negative impact from higher interest rates soured investor sentiment toward the industry. The SPDR
About 10 years ago, I wrote an article noting that in the real estate and larger business worlds, people seemed to be moving away from making spontaneous phone calls. Instead, phone calls had often become the subject of elaborate planning and preparation, all via email. Two people might need 20 emails to agree on the
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury topped 5% again Monday, a key level that could impact mortgage rates, student debt, auto loans and more. Last week, the 10-year yield crossed the 5% threshold for the first time in 16 years after Federal Reserve Chair Jerome
Federal Reserve Bank of Cleveland President Loretta Mester said the U.S. central bank is close to wrapping up its aggressive tightening campaign if the economy evolves as expected. “Regardless of the decision made at our next meeting, if the economy evolves as anticipated, in my view, we are likely near or at a holding point
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US said it was sending more advanced weapons systems to the Middle East and the Israeli military warned Lebanon to rein in the militant group Hizbollah, reflecting growing concerns that Israel’s war against Hamas