The Financial Data Transparency Act (FDTA) signed into law on Dec. 23, 2022, has brought about significant implications for the municipal securities market. With the requirement for converting municipal securities disclosures into a machine-readable format, market participants have been struggling to adapt to the new data standards proposed by federal agencies like the Federal Deposit
A new chapter has unfolded in the municipal bond market as two seasoned experts have departed from Preston Hollow Community Capital to establish their own venture, V2 Municipal Capital. This independent firm, led by Charlie Visconsi and Ron Van Den Handel, is set to collaborate with New York-based alternative asset manager Fundamental Advisors. The primary
The recent performance of major U.S. automotive stocks has been less than stellar, with Ford Motor leading the decline this week. This downward trend has been primarily fueled by disappointing results and growing investor skepticism surrounding the future performance of these companies. Ford’s shares plummeted by more than 17% in early trading on Thursday, marking
Lamb Weston, a supplier of frozen potato and vegetable products, faced a significant setback as their stock plummeted following disappointing quarterly results. The company reported a drastic decline in fully diluted earnings per share, which fell more than 70% from the previous year. Additionally, their outlook for the upcoming fiscal year missed the mark, causing
As Vice President Kamala Harris emerges as a frontrunner for the Democratic presidential nomination, her dedication to affordable housing policies is increasingly under the spotlight. Throughout her career, Harris has been a vocal advocate for ensuring that every American has access to affordable housing options. From her time as attorney general for California to her
Investors have recently shown a strong bullish sentiment towards the Singapore dollar, marking the first time since mid-December. This positive outlook is fueled by the city-state’s robust growth and inflation dynamics, which have been supportive of the local currency. Long positions on the Singapore dollar have reached their highest levels since early April 2023, indicating
In the past week, Bitcoin experienced a notable downturn in its price, with a decrease of 2.4% to $64,265.0. This decline was part of a broader risk-off sentiment that affected traders’ confidence in cryptocurrencies. The world’s number two token, Ether, also saw extended losses in this period, despite the launch of spot exchange-traded funds in
The recent tech sell-off has left many investors concerned about the future of the sector. Hedge fund manager Dan Niles has pointed to Google parent Alphabet’s quarterly results as a clear indicator of trouble ahead. The market’s response to these results, with shares tumbling 5% on Wednesday, has raised red flags for Niles. He believes
Ford Motor’s second-quarter earnings did not meet Wall Street’s expectations, falling short of the projected earnings per share of 68 cents with an actual result of 47 cents. This discrepancy was attributed to increased warranty costs that have been affecting the company’s profitability for some time. The automotive revenue of $44.81 billion surpassed the expected
The Louisiana State Bond Commission recently approved a significant bond issue totaling more than $3 billion. This massive issuance includes three separate bond issues aimed at funding various infrastructure projects across the state. The approval of these bonds signifies a major commitment to improving Louisiana’s transportation and infrastructure network. The Details of the Bond Issues