Municipal bonds saw a touch of weakness in spots as the last large issues of the week priced while municipal bond mutual fund flows show retail engaged and high-yield continuing to outperform the broader investment-grade market. U.S. Treasuries faced some pressure on a slew of economic data and Fed speak that gave participants pause on
In this article CB Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares
The judge in the Puerto Rico Electric Power Authority bankruptcy rejected a bond party request that she consider new evidence of the authority’s ability to pay back debt. U.S. District Judge Laura Taylor Swain released her three-paragraph ruling Wednesday afternoon. Swain said the bondholders who asked her to consider new LUMA Energy projections of electricity
Fitch Ratings last week upgraded Milwaukee’s issuer default rating and general obligation rating to A-plus from BBB-plus. The outlook is stable.  Milwaukee benefited from Fitch’s new rating criteria, rolled out last month, which incorporate most of the credit factors that Fitch has considered historically but include additional analytical factors and now assign specific weightings to
Local leaders are already looking toward reauthorization of federal infrastructure funds as the Biden administration’s infrastructure law nears its halfway point with a focus on preserving the law’s substantial direct funding to cities, counties and regional governments as well as strengthening assistance to smaller entities that have faced challenges snagging some of the grant funding.
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In this article ST Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Company: Sensata Technologies (ST) Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. The company has two units: Performance Sensing and Sensing Solutions. The
With passenger volume expected to keep growing, Phoenix Sky Harbor International Airport is aiming to build its first new terminal in decades, while spending billions of dollars in the interim to address aging infrastructure.  Airport officials told the city council last week the terminal would be built on the site of two previously demolished terminals