While municipal bonds have gotten increasingly expensive this year, money managers say that long-dated US state and local debt — often eschewed by investors — still look appealing.
While municipal bonds have gotten increasingly expensive this year, money managers say that long-dated US state and local debt — often eschewed by investors — still look appealing.
Construction workers install steel rebar during a construction project in Los Angeles.
Also in today’s Green Daily newsletter: Europe gives offshore wind a boost and BNEF has the latest number on clean-tech investing.
A person cross-country skis across the Brooklyn Bridge during a winter storm in New York, US, on Sunday, Jan. 25, 2026. A massive winter storm reached the US Atlantic Coast on Sunday, bringing heavy snow and ice, straining power grids and grounding thousands of flights at levels not seen since the pandemic. Photographer: Michael Nagle/Bloomberg
New York Mayor Zohran Mamdani said he’ll do everything in his power to prevent “horrific” actions by federal immigration officers, one day after officers shot and killed an American nurse in Minneapolis.
New York Mayor Zohran Mamdani said he’ll do everything in his power to prevent “horrific” actions by federal immigration officers, one day after officers shot and killed an American nurse in Minneapolis.
New York Mayor Zohran Mamdani Photographer: John Lamparski/Bloomberg
Bond investors have been increasingly wary of debt sold by US hospitals, and they see looming cuts to federal health-care funding as new pain points for an industry that’s just starting to recover from pandemic stress.
Bond investors have been increasingly wary of debt sold by US hospitals, and they see looming cuts to federal health-care funding as new pain points for an industry that’s just starting to recover from pandemic stress.
The University of California sold $2.2 billion of municipal bonds on Tuesday, executing a deal of which a portion had been pulled earlier this year after Governor Gavin Newsom faced off with President Donald Trump over frozen federal research funds.
The University of California sold $2.2 billion of municipal bonds on Tuesday, executing a deal of which a portion had been pulled earlier this year after Governor Gavin Newsom faced off with President Donald Trump over frozen federal research funds.
Students pass through Sather Gate on the University of California, Berkeley campus in Berkeley, California, US, on Tuesday, Aug. 30, 2022. College students returning to campus this fall will find their dining halls experimenting with everything from fewer salad dressings to "plant-powered" Mondays as schools look for ways to adapt to soaring inflation.
Moody’s Ratings cut Jersey City’s credit grade one step to A2 from A1, saying the rating reflected a financially “struggling city with a deteriorating liquidity profile.”
Moody’s Ratings cut Jersey City’s credit grade one step to A2 from A1, saying the rating reflected a financially “struggling city with a deteriorating liquidity profile.”
Vehicles approach the Holland Tunnel in Jersey City, New Jersey, US, on Wednesday, July 26, 2023. New York's plan to charge drivers entering midtown Manhattan is a brazen money grab, New Jersey's senior US senator said after the Garden State sued to block the congestion pricing proposal.
Sterling College, a tiny college in northern Vermont with less than 40 students, plans to wind down its degree programs, liquidate a handful of assets to pay off debt and see if it can re-imagine its mission at a time when small schools are struggling to stay afloat.
Sterling College, a tiny college in northern Vermont with less than 40 students, plans to wind down its degree programs, liquidate a handful of assets to pay off debt and see if it can re-imagine its mission at a time when small schools are struggling to stay afloat.
Students cross the small campus at Sterling College in Craftsbury Commons, Vermont on May 5, 2009.
US universities’ athletic budgets are becoming another source of concern for investors who buy higher-education municipal debt, about five months after the approval of a settlement that allowed top sports colleges to pay their student-athletes.
US universities’ athletic budgets are becoming another source of concern for investors who buy higher-education municipal debt, about five months after the approval of a settlement that allowed top sports colleges to pay their student-athletes.
CLEMSON, SOUTH CAROLINA - NOVEMBER 23: Cade Klubnik #2 of the Clemson Tigers points before taking the field against the Citadel Bulldogs at Memorial Stadium on November 23, 2024 in Clemson, South Carolina. (Photo by Isaiah Vazquez/Getty Images) Photographer: Isaiah Vazquez/Getty Images