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In this article SCHW Follow your favorite stocksCREATE FREE ACCOUNT Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. David Paul Morris | Bloomberg | Getty Images Charles Schwab CEO Walt Bettinger is retiring from
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Jerome Powell, chairman of the US Federal ReserveAl Drago/Photographer: Al Drago/Bloomberg Inflation and unemployment are the two key data points the Federal Reserve leans on when setting monetary policy, but Fed Chair Jerome Powell flagged another potentially relevant metric: personal savings.  Powell said government measures of gross domestic income, or GDI, had been coming in
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In this article TGT NOG DRI Follow your favorite stocksCREATE FREE ACCOUNT The Target Corp. flagship store in Edina, Minnesota, US, on Thursday, Sept. 5, 2024.  Ben Brewer | Bloomberg | Getty Images The Federal Reserve recently cut interest rates by 50 basis points, setting a favorable backdrop for dividend-paying stocks. Wall Street analysts’ recommendations
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In this article 2202-HK 688-HK 960-HK Follow your favorite stocksCREATE FREE ACCOUNT A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China
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Samuel A. Ramirez & Co. has added public finance bankers in three separate offices as it continues to broaden its national reach. Cordelia Mendez joins as a vice president in the New York City office, Ayanna Louis-Charles joins as a senior vice president in south Florida and Courtney Okezie joins as a vice president in
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As the election approaches, tax policy issues are moving to the fore including pass-through entity exemptions used to negate the effects of the cap on state and local tax deductions.  “If the SALT cap expires, then you’re going to see some states where they didn’t have this legislation, have to figure out what to do,
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In this article 5929.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Google earth view of Sanwa Holdings Corporation, Shinjuku Mitsui Building, 52F 2 Chome-1-1 Nishishinjuku, Shinjuku City, Tokyo 163-0478, Japan Google Earth Company: Sanwa Holdings Corp. (5929.T) Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility
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The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week
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While Hurricane Helene could have short- and long-term impacts on government finances and the economy, observers say Florida’s hurricane catastrophe fund has sufficient funds to cover damages without requiring immediate replenishment. Meanwhile, for now, BofA still plans to price $233 million of water and wastewater revenue bonds for Tampa on Tuesday and $210 million of
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Minneapolis will bring general obligation bonds to market next week in a deal that includes funding to repair damage left by the 2020 riots after a police officer killed George Floyd. The city will sell $123.59 million of tax-exempt Series 2024 general obligation bonds via competitive sale Tuesday. The municipal advisor on the deal is
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The municipal market muscled through this week by holding yields mostly steady as investors digested a large new-issue slate, heavy on tax-exempt paper, even as U.S. Treasuries were weaker until Friday’s session. Municipal triple-A yield curves closed out the week with few changes, valuations were little changed — though at attractive levels — and the
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Municipals were steady Thursday as the last large deals of the week priced while municipal bond mutual funds reported the 13th consecutive week of inflows, led by high-yield. Munis were in their own lane, ignoring a mixed U.S. Treasury market while equities rallied. The two-year muni-to-Treasury ratio Thursday was at 64%, the three-year at 64%,
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The Louisiana Bond Commission approved the sale of $620 million in aviation revenue bonds and $220 million in sales tax bonds and modified conditions for up to $1 billion in gas and fuels tax bonds it previously authorized. The commission consented to the sale of up to $575 million in general airport revenue refunding bonds
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Municipals were steady for another session as the primary market took focus with several large deals seeing yields lowered upon repricing. U.S. Treasuries were weaker and equities saw losses. The Investment Company Institute reported $1.329 billion of inflows into municipal bond mutual funds for the week ending Sept. 18 after $1.402 billion of inflows the