Furloughs and contract adjustments could allow the Metropolitan Opera Association to weather the COVID-19 pandemic without further credit rating hits despite cancelling its 2020-21 season, according to analysts. The 137-year old Manhattan cultural organization became one of the first municipal issuers to incur a virus-related credit downgrade in late March when Moody’s Investors Service lowered
U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak to reporters after their coronavirus relief negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol in Washington, U.S. August 7, 2020. Jonathan Ernst | Reuters The trading community is actively debating the
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Job growth in September was expected to have been less robust than August as some companies made layoffs permanent and others looked to trim costs. The September report, released Friday at 8:30 a.m. ET, is expected to show 800,000
Printed with fun By robynblair On October 1, Robyn Blair Davidson launched a fine art print collection based on her best selling original candy art pieces. It’s been a noteworthy year, even during a pandemic, for the artist who went from being known as The Candy Artist on Instagram to the Artist In Residence at
Veteran Chicago-based municipal finance professional Michael Belsky is returning to an investment banking shop for the next chapter in his career. Late last month Belsky joined Dallas-based Hilltop Securities Inc.’s Chicago office as a managing director in its public finance division. He will manage training efforts at HilltopSecurities University, which the firm launched last October,
After a one-week blip, initial jobless claims continued their slow dance lower. Initial jobless claims declined to a seasonally adjusted 837,000 in the week ended Sept. 26, from the previous week’s upwardly revised level of 873,000, originally reported as 870,000, the Labor Department said Thursday. Economists polled by IFR Markets projected 850,000 claims in the
US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits for millions of Americans, raising fears that lower consumption could dampen the economic recovery. According to data from the commerce department’s Bureau of Economic Analysis, the drop in income was worth $543.5bn and larger than economists were predicting.
One of the branded residences at the prestigious Amanzoe hotel in Porto Heli, Greece Dolphin Capital Growing in popularity, hotel-branded residences can offer investment potential for buyers and added value to the surrounding community. Checking out of a five-star hotel is never easy: it’s hard to say goodbye to the swish amenities; pristine suites; and
Jamie Johnson, of San Francisco, takes his lunch at Embarcadero as smoky skies from the northern California wildfires casts a reddish color in San Francisco, Calif., on Wednesday, Sept. 9, 2020. Ray Chavez | MediaNews Group | Getty Images Rent prices continued to plunge across the U.S. this past month, with San Francisco leading the
The Municipal Securities Rulemaking Board plans to draw down its reserves over the next year following higher than expected muni issuance due to the market conditions created by the coronavirus pandemic. In a report released Thursday morning, the MSRB said the low interest rates that resulted from COVID-19 caused high levels of municipal issuance and
Brightline West made a decision to tap authorizations enabling it to sell $4.2 billion of private activity bonds to support its DesertExpress passenger train line that will connect Las Vegas to Victorville, California. Brightline, which recently terminated a branding agreement with Virgin Trains USA, is owned by AAF Holdings LLC. The first $1 billion issued
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic. Wang Ying | Xinhua News Agency
The Senate approved a temporary extension of federal funding Wednesday, and it was signed into law by President Trump. Bloomberg President Donald Trump signed into law a one-year extension of surface transportation funding just as it was expiring, providing a much-needed though temporary shot of assurance to states and other stakeholders as they look to
Among the new developments to grace Miami’s Allapattah neighborhood will be 16 Allapattah from … [+] groundbreaking developer Lissette Calderon and her firm Neology Life Development Group. Behar Font & Partners, P.A. In the quest to carve out new, well-connected infill enclaves, a number of cities have looked to districts that traditionally sprouted to serve
Natural disasters wreak havoc indiscriminately on communities both large and small. The economic toll can be heavy because the value of property at risk has dramatically increased as people move to ever-expanding (and vulnerable) coastal communities and deeply forested areas. According to the National Oceanic and Atmospheric Administration (NOAA), in 2018 and 2019 there were
A pedestrian outside the New York Stock Exchange in New York, July 29, 2020. Wang Ying | Xinhua News Agency | Getty Images The October market story is really complicated. If you thought September was confusing, October is not likely to be any better, and it could be significantly rockier. That’s because the “buckets” that
Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates as well, boosted in part from increased snack purchases by homebound consumers. PepsiCo said it
Charles Thompson, CEO of Specialized Property Management, has led technology, automation and turnaround management strategy for 30 years. getty Finding a tenant, signing a lease and having someone move into your property seems rather simple. It should be the beginning of a wonderful, win-win relationship. Yet so often, this is not at all the case. Why
Introduction The iShares U.S. Medical Devices ETF (NYSEARCA:IHI) is a market-cap-weighted ETF that tracks an index of medical device manufacturers and medical devices in the US. The ETF charges a fee of 0.42% and has a little under $8 billion in assets under management. The fund has about 50 total holdings and is heavily weighted
Microsoft Corp., one of the world’s biggest tech companies, sells personal computing devices, cloud systems and services, software and other products. Microsoft is listed on the Nasdaq exchange under the ticker symbol, MSFT. The company was founded in 1975 by Bill Gates and Paul Allen in a garage in Albuquerque, New Mexico. Five years later,
Closed Sales | Contract Signed March 23 or later | All Manhattan Prices and Property Types UrbanDigs New York real estate is waking up! The slow beginnings of revival have characterized the third quarter of New York City’s 2020 real estate market. The city opened up for showings in late June, and through July, August,
Restore Oakland, a restorative justice center designed by nonprofit Designing Justice + Designing … [+] Spaces supports alternate means of justice for crimes. Photo: Emily Hagopian Today, the New York Chapter of the American Institute of Architects released a statement from its board of directors calling on architects to halt designing projects that support the
As the third quarter ends, Wednesday’s indicators offered positive news: the Chicago Business Barometer hit its highest level since December 2018, an “impressive” ADP employment report, soaring sales of pending homes, and two reads of manufacturing in the midwest suggesting expansion. The Chicago Business Barometer gained to 62.4 in September from 51.2 in August. The
“I would characterize it as a guide to some big picture items you’d definitely want to keep an eye out for,” said Kareem Spratling, an attorney at Bryant Miller Olive P.A. in Tampa who serves as vice chairman of NABL’s General Law and Practice Committee.Courtesy of Bryant Miller Olive P.A. The National Association of Bond
FLINT, MI – APRIL 20: The Flint River is shown in downtown Flint April 20, 2016 in Flint, Michigan. … [+] (Photo by Bill Pugliano/Getty Images) Getty Images You probably know the rough outlines of this debacle: “Officials in Flint, Michigan, were looking for a cheaper source of water when they stopped piping in water
The U.S. labor market is slowing after an initial strong rebound from the coronavirus-induced downturn and policymakers will be challenged to engineer a full recovery in employment, Federal Reserve Bank of Richmond President Thomas Barkin said. “You would expect to see that recovery be more gradual,” Barkin said in a Bloomberg TV interview. “Where I
Our homes have never been more important Caitlin Scanlon Design The pandemic has changed life as we know it in every way, but especially how we live in our homes. In a short period, the home has become a place to work, exercise, relax, and even attend school. This has been the single biggest influence
Federal Reserve Bank of Dallas President Robert Kaplan said the central bank has been clear to investors and businesses on where the benchmark policy rate will be over the next few years. “The markets and the public have pretty good clarity,” Kaplan said in an interview with CNBC. “The markets expect that the fed funds
The King’s New Castle: LeBron James just closed on this Los Angeles residence. Jim Barstch LeBron James closed on his third home in Los Angeles this week, a 13,000-square-foot mansion in Beverly Hills. He paid $36.75 million, slightly below the original listing price of $39 million. The property, built in the 1930s, belonged to the
Philadelphia came to market on Wednesday with an large airport bond sale on Wednesday, the latest in a series of large offerings the market has seen in 2020. Municipals made a move for the first time in a month, with yields rising as much as four basis on the intermediate and long ends of the
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