Moody’s Investors Service raised its outlook on Ohio’s Aa1 rating to positive, citing the state’s strides in branching out into new economic arenas that could bolster lagging growth and weak demographic trends. Tuesday’s action came one month after Fitch Ratings lifted the state’s rating to AAA and on the same day Gov. Mike DeWine announced
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, one of the most hated corners of the market for years, is getting some newfound love from money managers as the Federal
Shortly after Russian missiles rained down on Kyiv and other Ukrainian cities on Monday, Oleksandr Kamyshin, head of the state-owned Ukrainian Railways, posted a solemn tweet. “As of 21.00 we have 42 trains delaying [sic],” he observed after a missile landed next to Kyiv’s main station. Kamyshin went on to explain that 14 trains were
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the
The title, Rebel Rebel, is David Bowie’s. The soundtrack mixes 1970s pop, film scores and folk ballads. The vibe is dizzying funhouse — a mirrored disco-ball setting opens with a tessellated glass monolith inspired by Stanley Kubrick’s 2001: A Space Odyssey, casting strange lights and shadows as you move around it. But the paintings with which Soheila Sokhanvari
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Good morning. Kwasi Kwarteng is aiming to cut the foreign aid budget as part of his efforts to demonstrate that he can make his “mini” Budget balance. The political difficulties
Good morning and welcome to Europe Express. One development that may have gone unnoticed earlier this week in the maelstrom created by Russia’s renewed rocket offensive in Ukraine is the realisation, at the top EU level, that the bloc is quickly burning through cash — in part because of the fallout of the war and
This article is part of a guide to New York from FT Globetrotter The artist: Marsden Hartley (1877-1943) Hartley was one of the best early American modernist painters. He travelled to Europe in 1912, where, in Paris, he got to know Matisse and Picasso through Gertrude and Leo Stein. He then moved to Germany, where
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island state.” Coinbase stressed: “Today’s announcement underlines our commitment to Singapore as a regional hub.” Coinbase Committed to Making Singapore Its Regional Hub The Nasdaq-listed crypto
Your browser does not support playing this file but you can still download the MP3 file to play locally. Fans of business and work podcasts won’t need any introduction to Steven Bartlett (Diary of a CEO), Bruce Daisley (Eat, Sleep, Work, Repeat), Jenna Kutcher (The Goal Digger Podcast) and Emma Gannon (Ctrl Alt Delete). All
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S&P Global Ratings lifted its rating outlook for Massachusetts’ AA-rated general obligation bond debt to positive from stable, citing progress on several long-term fiscal obstacles. The state’s robust economic recovery from the early pandemic led to larger-than-expected tax hauls in 2021 and 2022, funds S&P said Fridaywere used to pay down billions in debt and
The Washington and Oregon governors and the premier of Canada’s British Columbia province have signed a pact joining with California Gov. Gavin Newsom in setting environmental mandates that encourage electric vehicle use, and pledging dollars to investing in EV infrastructure. Newsom, Oregon Gov. Kate Brown, Washington Gov. Jay Inslee and British Columbia Premier John Horgan
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to
High levels of inflation will persist longer in Britain than in almost all other advanced economies, the IMF warned as it took aim at Kwasi Kwarteng’s unfunded tax cuts. UK inflation will also be the highest in the G7 at the end of 2023, while in the 19-member eurozone, only Slovakia would have a higher
Actress Sandra Bullock has channeled much of her A-list wealth into real estate ventures, having bought and sold homes in Austin, Texas, Los Angeles, New York, a Georgia Tybee Island home and more across the country. Now a producer, she has just listed her stunning 91-acre compound in San Diego for $6 million. The property,
Fumio Kishida has signalled his support for the Bank of Japan’s ultra-loose monetary policy despite the yen’s plunge to its lowest level in real terms since the 1970s. In an interview with the Financial Times, the Japanese prime minister said the central bank needed to maintain its policy until wages rose and urged companies that
You can compare day traders and swing traders to the Ninja Turtles – always fighting the Foot Clan. They are always battling each other, but which one is better? Let’s break down the differences between day traders and swing traders, so you can decide which style of trading is better for you… Holding Time The
Shares in Amazon-backed electric truckmaker Rivian tumbled more than 7 per cent to a three-month low on Monday after it announced a recall of almost all of its vehicles due to a defect. The California-based company is recalling about 12,200 vehicles because of a loose nut, according to a filing Rivian made with the National