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The University of Washington’s outlook was revised to negative from stable by Moody’s Investors Service and its Aaa issuer rating affirmed ahead of its plans to issue tax-exempt revenue bonds next week. The negative outlook “was driven by the university’s thinning operating performance that reflects both expense pressures in the university’s own operations as well
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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. Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented remuneration was improperly approved by the electric-car maker’s board of directors and had short-changed the company’s
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Municipals were slightly firmer Tuesday as new-issues from the New York Thruway Authority and the Massachusetts Development Finance Agency’s Children’s Hospital were well-received. U.S. Treasuries were mixed as were equities ahead of the Fed rates decision Wednesday. Triple-A yields were bumped one to four basis points, depending on the curve, while UST saw yields fall
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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. The IMF has warned UK chancellor Jeremy Hunt against cutting taxes, arguing the country needs to curb public borrowing and prioritise spending in areas such as health, education and tackling climate change.  Pierre-Olivier Gourinchas, IMF
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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. Northern Ireland’s biggest pro-UK party has agreed a deal to restore the power-sharing executive after nearly two years of political paralysis, its leader Sir Jeffrey Donaldson said. Speaking to reporters in the early hours of
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Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 28, 2021. Kevin Dietsch | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing
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Municipals were little changed to start the week, while U.S. Treasuries were firmer and equities were up late in the trading session. The muni market enters 2024 with “stable credit fundamentals, supportive demand/supply dynamics, and low [muni-UST] ratios and compressed credit spreads,” said Adam Stern, co-head of research at Breckinridge. On the technical front, he
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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. Iran distanced itself on Monday from an attack that killed three US soldiers as pressure built domestically on President Joe Biden to respond against Tehran. A day after the US blamed “radical Iran-backed militant groups”
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In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Maskot | Digitalvision | Getty Images With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them. Last year, consumers moving interstate tended to pick
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Market participants are upbeat with predictions about an economy showing few signs of recession, a record-breaking stock market and a Federal Reserve that is expected to start ratcheting down interest rates.  Fresh economic data showing gross domestic product growing by an annual rate of 3.3% has bond issuers and ratings agency forecasters feeling bullish about
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The Municipal Securities Rulemaking Board has approved amendments to Rule G-27 on dealer supervision that are designed to help dealers better adapt to changes brought on by remote work. That was approved during the MSRB’s quarterly board meeting, where the board welcomed Securities and Exchange Commission Chairman Gary Gensler in attendance for his yearly visit,
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