NEW YORK (AP) — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday.
NEW YORK (AP) — Municipal bonds took investors on a roller coaster at the end of 2017, as prices swung on concerns about what Washington's overhaul of the tax system will do to the $3.8 trillion market.
NEW YORK (AP) — The Associated Press has named Paul Harloff as its global markets editor.
Harloff will be in charge of a team that handles daily news and enterprise stories about stocks, bonds, commodities, banking and investing. The team also produces the Money & Markets and Municipal Bond Index products.
SAN JUAN, Puerto Rico (AP) — Uncertainty is spreading across Puerto Rico and the U.S. municipal bond market now that the U.S. territory has taken an unprecedented step into federal court to restructure a portion of its $73 billion debt.
Many economists anticipated the island's move Wednesday to seek a bankruptcy-like process amid a 10-year recession, but no one can predict what lies ahead.
NEW YORK (AP) — So much for that sleepy reputation.
The municipal-bond market used to be a reliably boring one, full of small cities, state governments and others borrowing to build sewers, roads and hospitals. But in the last decade, the muni market has been all-too-interesting and whipped investors through several sell-offs.
TULSA, Okla. (AP) — The mayors of Oklahoma's two largest cities are opposing a proposed 1 percent sales tax to support public education, saying the increase is too costly to residents and could hamper their chances of passing future municipal bond packages.
ONIDA, S.D. (AP) — The South Dakota Supreme Court last month removed the final obstacle for a $150 million ethanol plant in Sully County, but Ringneck Energy is still trying to raise the needed money.
The company is now asking the city of Onida to issue $15 million to $20 million in tax-free municipal bonds so construction can begin in the spring, the Capital Journal (http://bit.ly/2dYglCC ) reported.
NEW YORK (AP) — Municipal bond yields moved higher this week as investors digested a slew of reports on the health of the U.S. and global economy.
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