A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty Images Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an
Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set
A surprise primary result means Puerto Rico will have a new governor next year. Puerto Rico Resident Commissioner Jenniffer González Colón upset Gov. Pedro Pierluisi in the race for the New Progressive Party nomination for governor. The New Progressive Party supports statehood for Puerto Rico. As resident commissioner González Colón represents, without being able to
Municipals were firmer Tuesday amid a busy primary market with several large deals, as U.S. Treasury yields fell and equities ended up. The two-year muni-to-Treasury ratio Monday was at 68%, the three-year at 69%, the five-year at 71%, the 10-year at 70% and the 30-year at 86%, according to Refinitiv Municipal Market Data’s 3 p.m.
Consumers confronted with high housing prices sometimes point to private equity when buying homes as a contributing factor. But experts say that while the housing market has multiple issues, it’s hard to determine if real estate investor activity is truly deterring people from becoming homeowners across the U.S. Real estate investors purchased about 44,000 U.S.
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In this article F F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out
Municipals were firmer Monday ahead of an increase in supply, as U.S. Treasury yields fell and equities ended mixed. With another week of increased supply, pressure in the near-term will continue, “but with higher yields and muni-to-Treasury ratios cheapening, munis are at attractive levels as yields are at year-to-date highs,” said Jason Wong, vice president
The backers of a tax measure to shore up funding for ailing San Francisco regional transit providers, notably the Bay Area Rapid Transit District, pulled it amid opposition on several fronts. Sen. Scott Wiener, D-San Francisco, and Sen. Aisha Wahab, D-Hayward, who authored Senate Bill 1031, had promised further amendments as it moved to the
Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set
Hurricane Irma strikes Miami, Florida, in 2017. Warren Faidley | Getty Images Hurricane season has officially begun. With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. The National Oceanic and Atmospheric Administration said in its forecast May 23 that it expects an 85% chance
Tourists line a street in Venice, Italy, on Saturday, March 16, 2024. Venice collected €37 million in overnight tourist taxes in 2023, with hotels charging guests anywhere between €1 and €5. Nathan Laine | Bloomberg | Getty Images Bellagio, Lake Como, Italy — When boat drivers start complaining about the tourists overrunning this famous lakeside
In this article TXN Follow your favorite stocksCREATE FREE ACCOUNT The Texas Instruments Inc. logo is seen on scientific calculator packages in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Company: Texas Instruments (TXN) Business: Texas Instruments is a global semiconductor company. The company designs, manufactures, tests and sells analog and embedded processing chips
Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set
Municipal supply is set to top $14 billion next week, a high not seen in almost seven years, just as yields have hit year-to-date highs and relative value has improved. While participants expect some pressure ahead in the near-term, they also say the current yield and ratio set offers investors opportunity. The hefty primary next
On Tuesday, Moody’s changed its outlook on Maryland’s credit rating to negative from stable due to a depletion of the state’s general fund surplus, while affirming the state’s issuer and general obligation bond ratings at Aaa. The Maryland State Treasurer’s office isn’t showing a lot of concern. “After hosting a successful briefing with all three
Oregon economists in their June forecast predicted a 50-50 chance the state’s residents will receive a kicker tax credit in 2026 as revenues are coming in at a slow and steady pace. The state has a trigger mechanism that returns money to taxpayers every two years through a so-called kicker rebate if personal income taxes
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