Florida mining company Mineral Development, LLC failed to pay $10 million in principal and interest on January 1. Adobe Stock Florida mining company Mineral Development, LLC defaulted on $85 million of outstanding industrial development bonds at the start of the year, the first municipal default of the new year, according to Municipal Market Analytics’ Default
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “I think the president-elect is having a bit of fun”. That was how the Canadian ambassador to Washington reacted to Donald Trump’s first suggestion that her country should become the 51st American state.
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The California wildfires could be the costliest disaster in US history, the state’s governor said, as forecasts of heavy winds raised fears that the catastrophic fires would spread further. In remarks to NBC’s
In this aerial view taken from a helicopter, the Kenneth fire (below) approaches homes while the back side of the Palisade fire (above) continues to burn Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation
The Wyoming House of Representatives has become the latest GOP state to introduce a bill banning firms that are deemed to have used environmental, social or governance factors in their investment decisions.State of Wyoming Wyoming has become the latest state to float legislation that restricts state funds from being invested with firms that consider environmental,
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The world breached 1.5C of warming last year for the first time, top international agencies said, as an “extraordinary” spike in the global average temperature sparked fears that climate change is accelerating faster than expected.
“I do have a very high bar when it comes to revenues, and we are not going to grow an economy on the backs of working Marylanders,” said Democratic Gov. Wes Moore during a press conference on Wednesday. ”I inherited a structural deficit when I became the governor, because the state was both spending at a
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Elon Musk heaped praise on the “very reasonable” co-leader of the far-right Alternative for Germany as she joined the technology billionaire for a discussion about Adolf Hitler, Donald Trump and the existence of aliens. In
The Gandy Bridge across Old Tampa Bay. Florida sold bonds Wednesday to finance the building and repair of bridges and acquire right-of-way for roads.Bloomberg News Florida sold $131.9 million of bonds Wednesday with double-barreled backing from the state’s fuel taxes and full faith and credit pledge. The Florida Department of Transportation sold right-of-way acquisition and
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Elon Musk has privately discussed with allies how Sir Keir Starmer could be removed as UK prime minister before the next general election, according to people briefed on the matter. Musk, the world’s
Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February 2024. On Tuesday, he announced his office will end reviews of Bank of America, Morgan Stanley, and JP Morgan after they withdrew from the Net-Zero Banking Alliance.Bloomberg News Texas Attorney General Ken Paxton lauded recent moves by Bank of America, Morgan Stanley,
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European democracies are confronting a new online influence and disinformation threat — not from autocracies such as Russia, but emanating from the US. Elon Musk, the X owner and Donald Trump ally, is using his
California Gov. Gavin Newsom previews the next state budget Monday at an appearance in the San Joaquin Valley.California Governor’s Office California Gov. Gavin Newsom previewed a balanced state budget Monday during an appearance ahead of his administration’s formal reveal of the plan later this week. The proposed budget is “fully balanced with no deficit and
China’s three biggest state-owned airlines are rapidly expanding routes and capacity to Europe as their ability to fly over Russian airspace gives them a cost advantage over regional rivals. Western carriers have slashed direct flights to China, with Scandinavian Airlines, Lufthansa, British Airways and Virgin Atlantic all suspending some routes to the mainland in 2024,
The Oklahoma Turnpike Authority could be selling $1.3 billion of revenue bonds in late January to continue financing for a controversial expansion project and to refund outstanding debt. Oklahoma Turnpike Authority The Oklahoma Turnpike Authority could be back in the municipal bond market late this month with a $1.3 billion deal to continue financing for
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Congestion Relief Zone signage on Park Avenue in New York on Friday, before the tolls took effect Sunday.Bloomberg News The New York Metropolitan Transportation Authority activated congestion pricing on Sunday for vehicles entering lower Manhattan. The launch of toll collections is a milestone for a program that was years in the making, beset by lawsuits
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The Indiana Municipal Power Agency, which owns a piece of one unit at the Gibson Station coal-fired power plant in Owensville, Indiana, returns to the bond market next week. Bloomberg News The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds next week to refund several earlier series of bonds