The Dormitory Authority of the State of New York recently conducted a successful bond sale, generating significant interest and demand from investors. According to DASNY spokesperson Jeffrey Gordon, the sale was met with positive reception due to the calm market conditions and robust demand for highly rated state bonds. As New York State’s leading capital
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One of the major factors contributing to the high infrastructure costs in the U.S. is the lack of capacity at state transportation departments. According to a study presented at the Brookings 13th annual Municipal Finance Conference, state DOT workforces have been shrinking over the last decade, leading to workforce shortages. This shortage forces state transportation
The recent political events in the United States have sent shockwaves through the solar energy sector, leading to a significant drop in solar stocks. The rise in support for Donald Trump and the Republican Party, coupled with growing uncertainty surrounding the future of renewable energy policies, has investors on edge. The benchmark Invesco Solar ETF
The recent sentencing of Michelle Mack, the ringleader of a nationwide organized retail crime operation targeting major retailers like Ulta Beauty and Sephora, sheds light on the severity of the issue. Mack, based in Bonsall, California, was handed a delayed sentence of five years and four months by a San Diego County Superior Court judge.
The U.S. dollar experienced a slight increase in value on Friday, marking a positive week overall. Meanwhile, the British pound faced a decline following the release of disappointing retail sales data. The Dollar Index, which tracks the performance of the greenback against a basket of other currencies, rose by 0.2% to 104.065, signaling a recovery
Bitcoin price experienced a slight fall on Friday following a recent rebound in the crypto markets. Despite the initial optimism, the momentum seemed to have run out of steam. The focus shifted towards distributions from the defunct exchange Mt Gox, as well as cues on the U.S. regulatory outlook. This shift in focus led to
State government trifectas have been a topic of interest due to their potential impact on local government bond pricing. Recent research presented at the annual Brookings Municipal Finance conference sheds light on the relationship between single-party dominance in a state and the yields in the secondary municipal bond market. The study, conducted by professors Angela
The debate over environmental, social, and governance (ESG) investment strategies has become a contentious issue among state treasurers, with red and blue states taking opposing views on how to approach long-term fiscal responsibility. While Democrats like Illinois state treasurer Michael Frerichs view ESG as a strategy to determine a company’s sustainability for the long term,
The euro took a hit on Thursday following the European Central Bank’s decision to keep rates steady, as expected. The lack of any indication regarding the bank’s next move has left investors searching for clues on future actions. President Christine Lagarde’s comments are being closely monitored in order to decipher the ECB’s future course of
Pepe coin (PEPE) has recently experienced a significant resurgence in value after hitting lows earlier in the month. The market sentiment surrounding PEPE has shifted to become cautiously positive, leading to increased investor confidence. Analysts believe that PEPE will continue to rise in value, driven by broader market conditions and specific events. The recent political