For college students and those nearing graduation, it’s common to think about the future, including their career. Every year, undergrads call, email, and communicate with me on social media to ask for advice. They’re typically focused on finding their first full-time paying job. While gaining employment and becoming self-sustaining is essential to cover living expenses,
New York City has received a boost of state support as it seeks to head off a worsening affordable housing crisis, including an increase in the bonding capacity of the New York City Housing Development Corp. Gov. Kathy Hochul this week signed into law a trio of bills passed by New York’s Legislature leveraging state
Municipals were steady Friday ahead of an expected paltry new-issue calendar. U.S. Treasuries were firmer 10 years and in and equities were mixed after a volatile week of market-moving economic data and increasing geopolitical tensions in the Middle East while all markets await the Federal Open Market Committee’s November meeting. “Any chance of a dovish
Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying. That could push the markets further into overbought territory. However,
A new stream of federal funding may find its way into office conversions and other efforts designed to boost the nation’s housing supply, and public finance officers are eyeing a renewed effort to finance homebuilding with new rules on Community Development Block Grants and the freeing up of federally-owned land. The new efforts were officially
The Municipal Securities Rulemaking Board has approved its first fees under its new rate card model, which helps the board respond to market pressures and adjust yearly rates accordingly, and expects to file those changes with the Securities and Exchange Commission within a month’s time. Of the four fees the board collects from regulated entities,
Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers and would-be fraudsters. Dubbed “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper takes a
With a reputation for having been the home of two early U.S. presidents, Charlottesville, Virginia, is steeped in history. Yet, only some things may be as old as they look. For example, a luxury 140-acre compound built in 2000 takes its style cues from historic estates while doubling down on modern-day luxuries. Eaglecrest, as it’s
Market data platform SOLVE has introduced a public finance workflow solution that shows historical scales for all muni deals, allowing for spread comparisons of where a deal priced in the past to where it might price in current market conditions. The firm’s clients wanted a tool to deliver deal-based spreads on their terms, said Gregg
Oklahoma’s Council of Bond Oversight approved up to $560 million of revenue bonds Thursday for the state’s Grand River Dam Authority (GRDA), which is expected to start issuing the debt later this year. Proceeds will finance repairs and improvements, including a natural gas-fired generating unit to replace the authority’s last remaining coal-fired unit, as well
Bitcoin’s (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains. FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launch As of Oct. 27, FLOKI had surged over 140% to $0.00004261, its highest level in five
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan chief executive Jamie Dimon will sell 1mn shares in the bank next year, the first time he has reduced his personal stake in the group since joining nearly two decades ago. At current market
Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin. In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that memecoin Pepe (PEPE) is a strong indicator of
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation
A Louisiana congressional committee voted down plans for a $2 billion-plus public-private partnership that would replace an aging toll bridge near Lake Charles, a move that project proponents say will cost the state and provide for few alternatives. In an 8-6 vote on Tuesday, the Louisiana State Legislature’s Joint Transportation Highway and Public Works Committee
Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued. BTC/USD 1-hour chart. Source: TradingView $33,000 becomes do-or-die BTC price level Data from Cointelegraph Markets Pro and TradingView showed BTC price behavior challenging intraday lows. The largest cryptocurrency had attempted to push higher still the day prior,
Jen Flood will be Michigan’s budget director, replacing Chris Harkins who is leaving the post next month. Gov. Gretchen Whitmer announced Thursday. Flood currently serves as deputy chief of staff, overseeing legislative affairs, federal affairs, policy, appointments, and community engagement divisions within the Democratic governor’s office. Jen Flood, Michigan Gov. Gretchen Whitmer’s current deputy chief
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US economy expanded faster than expected in the third quarter, growing at its quickest pace in almost two years in the latest sign of the country’s economic resilience in the face of high interest
Volatility continues as municipals were slightly weaker in spots Wednesday but outperformed U.S. Treasuries, which saw the greatest losses out long. Equities ended down. Munis were cut up to three basis points, depending on the scale, while UST yields rose up to as much as 14 basis points in 30 years. The two-year muni-to-Treasury ratio
Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around. Market participants are bullish as they anticipate a Bitcoin spot