Nora Wittstruck is chief analytical officer for governments at S&P Global Ratings.Bear Gutierrez/Bear Gutierrez Nora Wittstruck is the new chief analytical officer for governments at S&P Global Ratings. Wittstruck takes over from Robin Prunty, who retired in August. “One of the challenges of whomever would have taken this role is filling her shoes. She is
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Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia
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Chicago Mayor Brandon Johnson speaks at the Democratic National Convention earlier this year. Johnson on Wednesday unveiled his fiscal year 2025 budget proposal.Bloomberg News Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids
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Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called “pending” sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on
Volatile market conditions, higher ratios and rising interest rates have led to a slowdown in Build America Bond redemptions recently, but there are still a number of issuers that have signaled they intend to call back their BABs before yearend. About $14.9 billion of BABs have been called in 2024 while $938.3 million is set
A “For Sale” sign in front of a home in Atlanta, Georgia, US, on Wednesday, Sept. 18, 2024. Elijah Nouvelage | Bloomberg | Getty Images Mortgage rates rose last week for the fourth time in five weeks, causing another pullback in refinancing. Total mortgage application volume was essentially flat, falling 0.1% compared with the previous
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Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After
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Secondary trading showed a weaker tone Tuesday but the focus shifted to the primary as a large slate of new issues along the credit spectrum were priced, while U.S. Treasuries improved and equities closed the session mixed. The primary was led by two large California issues, including the state’s competitive sale of tax-exempt and taxable
A leftist candidate for Puerto Rico’s governorship has gained momentum and closed in on the front-runner, but analysts say his election would not have a dramatic impact on the future of the island’s bonds. A poll released Monday by El Vocero, a leading Puerto Rico news outlet, showed the candidate, Jose Dalmau, polling 29% compared
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Municipals were little changed Monday as the market took a breather following volatility last week and ahead of what is expected to be the last sizable new-issue slate until well after the election. U.S. Treasuries were weaker and equities saw gains. The two-year ratio Monday was at 64%, the three-year at 63%, the five-year at
The Metropolitan College of New York is trying to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment in November. The private college hired Cushman & Wakefield as its broker to market and sell “either in whole or in part” its Manhattan campus,
In this article HOOD NDAQ ICE Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange is seen during morning trading on October 04, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images The New York Stock Exchange, owned by Intercontinental Exchange, wants to do trading 22 hours
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In this article CSCO FANG ET Follow your favorite stocksCREATE FREE ACCOUNT The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024. Charlie Perez | Nurphoto | Getty Images Investors seeking stable income and diversification may appreciate adding dividend stocks to their portfolio. Finding the right names
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