Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple revealed quarterly results that slightly exceeded Wall Street expectations, but iPhone sales were flat on the previous year as the company battles rising competition from local device makers in China. Apple on Thursday reported
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Texas State Sen. Brandon Creighton said Senate Bill 2 would provide nearly 100,000 students with education savings accounts, which would result in the largest “school choice” program launch in the nation. Texas Senate Texas lawmakers on Tuesday kicked off their latest quest for school vouchers with the passage of a universal program by a Senate
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“The assumption that FEMA is there protects every credit,” said Sarah Sullivant from S&P Global Ratings.S&P Global Ratings President Donald Trump signed an executive order Sunday establishing a task force to evaluate the Federal Emergency Management Agency as he floated the idea of abolishing a department that many in the municipal bond market consider key to
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The Deer Island wastewater treatment plant in Boston is owned by the Massachusetts Water Resources Authority, the largest borrower from the Massachusetts Clean Water Trust’s revolving fund.Adobe Stock The Massachusetts Clean Water Trust returned to the market on Wednesday where its triple-A green and sustainability bonds were well received.  The $541 million negotiated deal is
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Nevada Gov. Joe Lombardo sparked a budget firestorm ahead of the legislative session by proposing a budget with a deficit and naming a new budget chief. Nevada Gov. Joe Lombardo replaced his budget chief just days before Nevada lawmakers convene on Feb. 3 for their regular legislative session, where they will discuss the governor’s budget
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A Red Cross representative hands supplies to residents of the Pacific Palisades area of Los Angeles who will be escorted to their homes after the Palisades Fire.Bloomberg News The municipal bond market’s initial negative reaction to this month’s devastating Southern California wildfires has eased, and most market watchers have faith in the ability of the
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The installation of engines from Wärtsilä in a power plant is reducing WAPA’s operating costs, its CFO said. Financial stability was restored to the U.S. Virgin Islands Water and Power Authority after a “crisis” that lasted the first nine months of 2024, its chief financial officer told the board of directors Thursday. “We still have
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The Texas House and Senate unveiled their budget plans for the fiscal 2026-27 biennium.Bloomberg News The Republican-controlled Texas House and Senate on Wednesday unveiled base budget plans for the upcoming biennium with both chambers proposing to continue funding and expand a massive property tax cut enacted in 2023. Armed with a record $39.4 billion cash
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At least one Kansas public school district will delay an April 1 bond election after the state Board of Education approved only some of the $469 million in school debt requests this month due to cap constraints.AdobeStock Requests by public school districts in Kansas for bond authorization from the state department of education exceeded a
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A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images A new securities filing Tuesday revealed that an ETF issuer is already
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