Edition:
United States

Laila Kearney

U.S. muni bond market rises to $3.853 trillion in second quarter: Fed

Sep 20 2018

NEW YORK The size of the U.S. municipal bond market inched up to $3.853 trillion in the second quarter, from $3.851 trillion the quarter before, the Federal Reserve said in a report released on Thursday.

Most U.S. states lack reserves to weather next recession: S&P

Sep 17 2018

NEW YORK While U.S. states' financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.

Most U.S. states lack reserves to weather next recession -S&P

Sep 17 2018

NEW YORK, Sept 17 While U.S. states' financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.

NFL season kicks off sports betting surge for DraftKings

Sep 12 2018

NEW YORK The start of the National Football League season brought a rush of online betting for sports wagering provider DraftKings, where total bets in a single day equaled 10 percent of the number of bets placed over the previous five weeks, the company said.

Spending on fixed costs rise for largest U.S. cities: S&P

Sep 05 2018

NEW YORK Some of the largest U.S. cities spent more on pension payments and other fixed costs in fiscal 2017 than the year before, and those expenses are likely to continue to weigh on budgets, according to an annual report released by S&P Global Ratings on Wednesday.

U.S. Treasury, IRS move to block states dodging tax deduction cap

Aug 23 2018

WASHINGTON/NEW YORK The U.S. Treasury Department and Internal Revenue Service on Thursday moved to block high-tax states from helping taxpayers circumvent the new cap on federal deductions for state and local tax payments.

Cyberattacks heighten credit risks in U.S. public sector: S&P

Aug 22 2018

NEW YORK Credit risks stemming from cyberattacks on U.S. cities, school districts and other municipal bond issuers are likely to grow as the public sector remains an easy target for hackers, S&P Global Ratings said in a report on Wednesday.

Chicago teachers pension fund divesting from private prisons

Aug 17 2018

NEW YORK The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an outsized negative impact on minorities and the poor.

Global stocks rise on China boost, S&P 500 nears record; oil gains

Aug 07 2018

NEW YORK Equity markets around the world neared a six-month high on Tuesday, buoyed by a rebound in Chinese stocks and an earnings-driven surge on Wall Street, while oil prices rose on concerns U.S. sanctions against Iran could cause supply shortages.

Global stocks lift on strong earnings as trade fight caps gains; sterling slumps

Aug 06 2018

NEW YORK Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.

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