The Crookston City Council cleared the way for the city to issue revenue bonds to finance RiverView Health's estimated $48 million construction project.
Although the Federal Reserve has made clear it will hold interest rates for the time being, the panel still has much to discuss, including the end of balance sheet normalization and the Fed’s review of how it formulates, conducts, and communicates monetary policy.
Former Macon-Bibb County Manager Dale Walker agreed to settle charges he gave an advantage to an investment adviser the SEC said he was pursuing romantically.
New York service sector activity “grew modestly” in March, according to the Federal Reserve Bank of New York's Business Leaders Survey, released Monday.
Maine Gov. Janet Mills is backing bonds for a state conservation initiative that her predecessor, conservative firebrand Paul LePage, delayed for the past four years.
In the week ended March 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.04% the previous week.
The 2016 law is under fire from bond holders over the Oversight Board's failure to provide enough money for debt service and from local politicians over the board's efforts to impose fiscal austerity.
The sponsor of a bill to create a state infrastructure bank says it would leverage public-private partnerships to generate money for transportation projects.
Filings for U.S. unemployment benefits rose to a four-week high and exceeded estimates, a sign the labor market may be softening somewhat even as it remains strong overall.
Voters rejected the largest three school bonds in Tuesday's election — Cassia County, Minidoka County and Filer — but approved smaller ballot measures across the Magic Valley.
The $11 million in tax exempt bonds that financed the construction of the K through 6 school are being paid off by the owner of the apartment building developed on part of the 1.67-acre site.
The initiative by New York City Comptroller Scott Stringer and the pension fund trustees raises the assets committed through the program above $1.5 billion.
Trump proposed $8.5 billion in cuts to the Department of Education and another $8.6 billion to the Department of Housing and Urban Development which would bring financial upheaval to school district budgets and public housing authorities.
Consumers’ inflation expectations fell, according to the February Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
Orrick brings on healthcare finance lawyer Robyn Helmlinger to the firm’s public finance group as a partner, based in San Francisco. She joins the firm from Squire Patton Boggs where she led their healthcare finance initiative.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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